Financial Advisor Salary in Inver Grove Heights, MN: $83,421 (2026)
Quick Answer:A full-time financial advisor in Inver Grove Heights, MN earns a median $83,421/year (≈ $40.11/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Inver Grove Heights's price level (1% below national, BEA RPP 98.5), that paycheck buys what $84,691 would nationally. Nominal pay sits 2.0% below the Minnesota state average.
Based on BLS state-level estimates · View source
The projected financial advisor salary in Inver Grove Heights, Minnesota, for 2026 is set at $83,421, which reflects a significant gap of 23.14% below the national median of $108,537. The local salary range spans from $48,384 at the 10th percentile to $129,303 at the 90th percentile, highlighting a diverse earnings landscape among financial advisors in the area. These figures are estimates derived from 2025 BLS state-level data, adjusted for regional cost variations. While this median offers a solid foundation for understanding local compensation, the market emphasizes the potential for higher earnings through independent practices, creating an incentive for advisors to pursue breakaway transitions for long-term financial benefits in Inver Grove Heights.
About the Inver Grove Heights Market
Salary estimated from Minnesota average ($108,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $48,384 | $23.26 |
| Lower Range (P25) | $60,063 | $28.87 |
| Median (P50)(typical) | $83,421 | $40.11 |
| Upper Range (P75) | $106,779 | $51.34 |
| Top Earners (P90) | $129,303 | $62.17 |
Median Salary Position
23.14% below the national average
2026 Salary Percentile Distribution in Inver Grove Heights
In Inver Grove Heights, MN, the financial advisor salary spread from the 10th to 90th percentile is $80,919 (2026 est.). At $83,421, the local median is 23.14% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Inver Grove Heights: You'd be in the lower-middle range
How Inver Grove Heights Financial Advisor Pay Compares
Inver Grove Heights median: $83,421/year (2026)
| Compared To | Median Salary | Inver Grove Heights Pays |
|---|---|---|
| Minnesota Average | $85,123 | -2.00% less |
| National Average | $108,537 | -23.14% less |
Financial Advisors in Inver Grove Heights, MN earn a median of $83,421 per year (2026 est.), which is 23.14% lower than the national median of $108,537 and 2.00% below the Minnesota state average of $85,123.
Cost-of-Living Adjusted Salary
Inver Grove Heights 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.
Inver Grove Heights, MN has a cost-of-living index of 98.5 (below the national average of 100). A financial advisor earning $83,421 nominally has purchasing power equivalent to $84,691 in an average-cost city — an effective 1.52% boost.
Compare Purchasing Power
Select a city to see how your salary compares after cost of living
Select a city above to compare purchasing power
2019 BLS Actual
$67,521
2025 BLS Actual
$80,756
2026 Current Est.
$83,421
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Inver Grove Heights (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $67,521 | Actual |
| 2020 | $68,658 | Actual |
| 2021 | $72,378 | Actual |
| 2022 | $73,316 | Actual |
| 2023 | $76,536 | Actual |
| 2024 | $104,282 | Actual |
| 2025 | $80,756 | Actual |
| 2026(current) | $83,421 | Estimated |
| 2027 | $86,174 | Projected |
Based on 7 years of BLS OEWS data for the Inver Grove Heights metropolitan area, the median financial advisor salary grew 19.6% from $67,521 (2019) to $80,756 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $86,174 by 2027 — a total increase of $18,653 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Inver Grove Heights 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) | $48,384 – $60,063 |
| 3-5 years (Mid Career) | $60,063 – $83,421 |
| 5+ years (Experienced) | $83,421 – $106,779 |
| 10+ years (Top Earner) | $106,779 – $129,303 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Inver Grove Heights
Employment for financial advisors in Inver Grove Heights remains limited, with only 10 professionals currently in the field. The local cost of living index, at 98.5, indicates an environment where salaries may stretch further than they would in more expensive markets. Among employers in the area, large wirehouses like Merrill Lynch and UBS could offer the highest initial pay structures, but independent broker-dealers and RIAs with a focus on fee-only fiduciary services are gaining traction. The variance in financial advisor pay in Inver Grove Heights stems from several factors, including assets under management (AUM), fee models, and advisor credentials like the CFP or CFA. For those looking to maximize their income, specializing in high-net-worth clients and building a substantial AUM book can be effective strategies, particularly as the demand for fiduciary guidance continues to grow in this evolving market.
More salary data for Inver Grove Heights, MN:
Frequently Asked Questions
How much do financial advisors make in Inver Grove Heights, MN in 2026?
Is Inver Grove Heights, MN a good place to work as a financial advisor?
Can financial advisors make $100K in Inver Grove Heights?
What is the cost-of-living adjusted financial advisor salary in Inver Grove Heights?
How much does a financial advisor make per hour in Inver Grove Heights?
Related Pages
Compare Salaries
Career Resources
Nearby Cities in Minnesota
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 $80,756 for financial advisorsin the Inver Grove Heights 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 Inver Grove Heights 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