Financial Advisor Salary in Hastings, MN: $81,077 (2026)
Quick Answer:A full-time financial advisor in Hastings, MN earns a median $81,077/year (≈ $38.98/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Hastings's price level (1% below national, BEA RPP 98.5), that paycheck buys what $82,312 would nationally. Nominal pay sits 4.7% below the Minnesota state average.
Based on BLS state-level estimates · View source
In 2026, financial advisors in Hastings, Minnesota, are projected to earn a median annual salary of $81,077. This figure reflects a competitive pay structure compared to the national average for financial advisor salaries, which stands at $108,537, indicating a difference of about 25.30%. The salary range in Hastings stretches from $47,024 at the 10th percentile to $125,670 at the 90th percentile, providing opportunities for advisors at various career stages and levels of expertise. These estimates, derived from 2025 BLS state-level data and adjusted for local cost-of-living factors, highlight the increasing value placed on financial planning skills, particularly for those with the CFP credential amid a growing trend toward fiduciary fee-only practices. As the industry evolves, Hastings presents a viable job market for those looking to make an impact in financial advising.
About the Hastings Market
Salary estimated from Minnesota average ($108,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $47,024 | $22.61 |
| Lower Range (P25) | $58,376 | $28.07 |
| Median (P50)(typical) | $81,077 | $38.98 |
| Upper Range (P75) | $103,778 | $49.89 |
| Top Earners (P90) | $125,670 | $60.42 |
Median Salary Position
25.3% below the national average
2026 Salary Percentile Distribution in Hastings
In Hastings, MN, the financial advisor salary spread from the 10th to 90th percentile is $78,646 (2026 est.). At $81,077, the local median is 25.3% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Hastings: You'd be in the lower-middle range
How Hastings Financial Advisor Pay Compares
Hastings median: $81,077/year (2026)
| Compared To | Median Salary | Hastings Pays |
|---|---|---|
| Minnesota Average | $85,076 | -4.70% less |
| National Average | $108,537 | -25.30% less |
Financial Advisors in Hastings, MN earn a median of $81,077 per year (2026 est.), which is 25.30% lower than the national median of $108,537 and 4.70% below the Minnesota state average of $85,076.
Cost-of-Living Adjusted Salary
Hastings 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.
Hastings, MN has a cost-of-living index of 98.5 (below the national average of 100). A financial advisor earning $81,077 nominally has purchasing power equivalent to $82,312 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$65,624
2025 BLS Actual
$78,487
2026 Current Est.
$81,077
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Hastings (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $65,624 | Actual |
| 2020 | $66,729 | Actual |
| 2021 | $70,345 | Actual |
| 2022 | $71,256 | Actual |
| 2023 | $74,386 | Actual |
| 2024 | $101,353 | Actual |
| 2025 | $78,487 | Actual |
| 2026(current) | $81,077 | Estimated |
| 2027 | $83,753 | Projected |
Based on 7 years of BLS OEWS data for the Hastings metropolitan area, the median financial advisor salary grew 19.6% from $65,624 (2019) to $78,487 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $83,753 by 2027 — a total increase of $18,129 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Hastings 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) | $47,024 – $58,376 |
| 3-5 years (Mid Career) | $58,376 – $81,077 |
| 5+ years (Experienced) | $81,077 – $103,778 |
| 10+ years (Top Earner) | $103,778 – $125,670 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Hastings
Currently, there are five financial advisors employed in Hastings, MN, suggesting a niche market where personalized services can thrive. The local cost-of-living index is 98.5, which means that while salaries may be lower than the national average, residents benefit from an affordable lifestyle that enhances take-home pay. In Hastings, the highest salaries are often seen in independent Registered Investment Advisors (RIAs) and bank wealth management divisions, where a fee-based model predominates, offering opportunities for higher earnings through AUM-driven structures. The significant disparity in compensation, with lower pay at some wirehouses compared to independent firms, reflects various factors including clientele concentration, the advisor's experience, and the prevalent fee model. For those aiming to maximize their earnings in the Hastings market, pursuing additional credentials like the CFP or CFA can provide a competitive edge, as can building a robust network to capture higher-net-worth clients who demand bespoke financial advisory services.
More salary data for Hastings, 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 $78,487 for financial advisorsin the Hastings 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 Hastings 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