Financial Advisor Salary in Edina, MN: $82,269 (2026)
Quick Answer:A full-time financial advisor in Edina, MN earns a median $82,269/year (≈ $39.55/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Edina's price level (1% below national, BEA RPP 98.5), that paycheck buys what $83,522 would nationally. Nominal pay sits 3.3% below the Minnesota state average.
Based on BLS state-level estimates · View source
In 2026, the financial advisor salary in Edina, MN, is projected to reach a median of $82,269, reflecting a notable divergence from the national average of $108,537. The salary range for advisors in the area spans from $47,716 at the 10th percentile to $127,518 at the 90th percentile. These figures are informed by estimates derived from 2025 BLS data, adjusted for regional cost considerations. With the financial advisory landscape often favoring independence, many professionals in Edina show potential for significant income growth as they transition away from traditional wirehouse roles. This dynamic indicates a slowly evolving job market where experienced and well-networked financial advisors can distinguish themselves.
About the Edina Market
Salary estimated from Minnesota average ($108,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $47,716 | $22.94 |
| Lower Range (P25) | $59,234 | $28.48 |
| Median (P50)(typical) | $82,269 | $39.55 |
| Upper Range (P75) | $105,304 | $50.63 |
| Top Earners (P90) | $127,518 | $61.31 |
Median Salary Position
24.2% below the national average
2026 Salary Percentile Distribution in Edina
In Edina, MN, the financial advisor salary spread from the 10th to 90th percentile is $79,802 (2026 est.). At $82,269, the local median is 24.2% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Edina: You'd be in the lower-middle range
How Edina Financial Advisor Pay Compares
Edina median: $82,269/year (2026)
| Compared To | Median Salary | Edina Pays |
|---|---|---|
| Minnesota Average | $85,077 | -3.30% less |
| National Average | $108,537 | -24.20% less |
Financial Advisors in Edina, MN earn a median of $82,269 per year (2026 est.), which is 24.20% lower than the national median of $108,537 and 3.30% below the Minnesota state average of $85,077.
Cost-of-Living Adjusted Salary
Edina has a cost of living 1.50% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Edina, MN has a cost-of-living index of 98.5 (below the national average of 100). A financial advisor earning $82,269 nominally has purchasing power equivalent to $83,522 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$66,589
2025 BLS Actual
$79,641
2026 Current Est.
$82,269
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Edina (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $66,589 | Actual |
| 2020 | $67,710 | Actual |
| 2021 | $71,379 | Actual |
| 2022 | $72,304 | Actual |
| 2023 | $75,480 | Actual |
| 2024 | $102,843 | Actual |
| 2025 | $79,641 | Actual |
| 2026(current) | $82,269 | Estimated |
| 2027 | $84,984 | Projected |
Based on 7 years of BLS OEWS data for the Edina metropolitan area, the median financial advisor salary grew 19.6% from $66,589 (2019) to $79,641 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $84,984 by 2027 — a total increase of $18,395 (27.62%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Edina metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.30% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $47,716 – $59,234 |
| 3-5 years (Mid Career) | $59,234 – $82,269 |
| 5+ years (Experienced) | $82,269 – $105,304 |
| 10+ years (Top Earner) | $105,304 – $127,518 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Edina
The financial planning sector in Edina currently employs only 11 advisors, contributing to a tight job market where competition can be both a challenge and an opportunity. The local cost-of-living index stands at 98.5, slightly below the national average, which translates to better purchasing power for financial advisor salaries. Major employers include wirehouses like Morgan Stanley and independent firms such as LPL Financial, where higher asset under management (AUM) can dramatically affect earnings. Advisors focused on fiduciary relationships and earned credentials, such as CFP or CFA, tend to attract high-net-worth clients, boosting their billing potential. To maximize pay in this specific market, advisors should consider cultivating a diverse book of business that encompasses both a mix of AUM-fee strategies and a strong commission-based income, ensuring they are well-positioned for future growth in Edina, MN.
More salary data for Edina, MN:
Frequently Asked Questions
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Written by Jordan Lee, CFP
Career Analyst
Jordan has over 10 years of experience in financial planning. They specialize in retirement planning for individuals. They work at a financial services firm in New York City.
Methodology & Data Source
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $79,641 for financial advisorsin the Edina metropolitan area. A 3.30% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Edina is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.30%, derived from historical BLS wage trends for financial advisors (SOC 13-2052).
Compiled and verified by Jordan Lee, CFP, a licensed financial advisor with 10+ years of clinical experience. · View source data at BLS.gov