Financial Advisor Salary in Minnetonka, MN: $84,082 (2026)
Quick Answer:A full-time financial advisor in Minnetonka, MN earns a median $84,082/year (≈ $40.42/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Minnetonka's price level (1% below national, BEA RPP 98.5), that paycheck buys what $85,362 would nationally. Nominal pay sits 1.2% below the Minnesota state average.
Based on BLS state-level estimates · View source
Financial advisors in Minnetonka, Minnesota, are projected to earn a median annual salary of $84,082 in 2026, reflecting a growing emphasis on the Certified Financial Planner (CFP) credential and a shift toward fee-only fiduciary models. The local salary range varies significantly, from $48,768 at the lower tenth percentile to $130,327 at the ninetieth percentile. These figures, derived from 2025 BLS data projected to 2026, highlight how Minnetonka's financial advisor pay compares unfavorably to the national median of $108,537, suggesting a gap that may influence talent retention and market dynamics in the area. As the financial landscape evolves, the importance of credentials and service models continues to shape earning potential for advisors in the region.
About the Minnetonka Market
Salary estimated from Minnesota average ($108,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $48,768 | $23.45 |
| Lower Range (P25) | $60,539 | $29.11 |
| Median (P50)(typical) | $84,082 | $40.42 |
| Upper Range (P75) | $107,625 | $51.74 |
| Top Earners (P90) | $130,327 | $62.66 |
Median Salary Position
22.53% below the national average
2026 Salary Percentile Distribution in Minnetonka
In Minnetonka, MN, the financial advisor salary spread from the 10th to 90th percentile is $81,559 (2026 est.). At $84,082, the local median is 22.53% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Minnetonka: You'd be in the lower-middle range
How Minnetonka Financial Advisor Pay Compares
Minnetonka median: $84,082/year (2026)
| Compared To | Median Salary | Minnetonka Pays |
|---|---|---|
| Minnesota Average | $85,103 | -1.20% less |
| National Average | $108,537 | -22.53% less |
Financial Advisors in Minnetonka, MN earn a median of $84,082 per year (2026 est.), which is 22.53% lower than the national median of $108,537 and 1.20% below the Minnesota state average of $85,103.
Cost-of-Living Adjusted Salary
Minnetonka 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.
Minnetonka, MN has a cost-of-living index of 98.5 (below the national average of 100). A financial advisor earning $84,082 nominally has purchasing power equivalent to $85,362 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$68,056
2025 BLS Actual
$81,396
2026 Current Est.
$84,082
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Minnetonka (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $68,056 | Actual |
| 2020 | $69,202 | Actual |
| 2021 | $72,952 | Actual |
| 2022 | $73,897 | Actual |
| 2023 | $77,143 | Actual |
| 2024 | $105,110 | Actual |
| 2025 | $81,396 | Actual |
| 2026(current) | $84,082 | Estimated |
| 2027 | $86,857 | Projected |
Based on 7 years of BLS OEWS data for the Minnetonka metropolitan area, the median financial advisor salary grew 19.6% from $68,056 (2019) to $81,396 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $86,857 by 2027 — a total increase of $18,801 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Minnetonka 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) | $48,768 – $60,539 |
| 3-5 years (Mid Career) | $60,539 – $84,082 |
| 5+ years (Experienced) | $84,082 – $107,625 |
| 10+ years (Top Earner) | $107,625 – $130,327 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Minnetonka
In terms of job market viability, there are currently 12 financial advisors employed in Minnetonka, a city with a cost of living index of 98.5, indicating housing and operational costs below the national average. This cost structure affects real take-home pay and could open doors for competitive salaries that attract skilled professionals. Among the primary employers, wirehouses such as Morgan Stanley and Merrill Lynch generally offer higher pay, thanks to their significant resources and access to high-net-worth (HNW) clients. The disparity in earnings often revolves around factors like assets under management (AUM), with RIAs typically charging around 1% for their services compared to commission-based models at traditional firms. Advisors looking to maximize their income in this local market might consider earning their CFP designation to enhance their marketability or focus on building a personal brand through networking and client referrals, ultimately improving their compensation prospects in Minnetonka, MN.
More salary data for Minnetonka, 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 $81,396 for financial advisorsin the Minnetonka 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 Minnetonka 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