Financial Advisor Salary in Savage, MN: $82,278 (2026)
Quick Answer:A full-time financial advisor in Savage, MN earns a median $82,278/year (≈ $39.55/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Savage's price level (1% below national, BEA RPP 98.5), that paycheck buys what $83,531 would nationally. Nominal pay sits 3.3% below the Minnesota state average.
Based on BLS state-level estimates · View source
Financial advisors in Savage, Minnesota command a 2026 median annual salary of $82,278, reflecting the structural divide between wirehouse and Registered Investment Advisor (RIA) business models. This salary indicates considerable local earning potential, with a range spanning from $47,722 at the 10th percentile to $127,532 at the 90th. The numbers presented here are local estimates based on 2025 BLS data and incorporate regional cost adjustments, positioning Savage's financial advisor pay lower than the national median of $108,537 by 24.19%. The job market in Savage shows a unique dynamic, partly driven by the evolving compensation methods as advisors adapt to clients’ preferences for either commission or fee-only service models.
About the Savage Market
Salary estimated from Minnesota average ($108,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $47,722 | $22.94 |
| Lower Range (P25) | $59,381 | $28.55 |
| Median (P50)(typical) | $82,278 | $39.55 |
| Upper Range (P75) | $105,316 | $50.64 |
| Top Earners (P90) | $127,532 | $61.31 |
Median Salary Position
24.19% below the national average
2026 Salary Percentile Distribution in Savage
In Savage, MN, the financial advisor salary spread from the 10th to 90th percentile is $79,810 (2026 est.). At $82,278, the local median is 24.19% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Savage: You'd be in the lower-middle range
How Savage Financial Advisor Pay Compares
Savage median: $82,278/year (2026)
| Compared To | Median Salary | Savage Pays |
|---|---|---|
| Minnesota Average | $85,086 | -3.30% less |
| National Average | $108,537 | -24.19% less |
Financial Advisors in Savage, MN earn a median of $82,278 per year (2026 est.), which is 24.19% lower than the national median of $108,537 and 3.30% below the Minnesota state average of $85,086.
Cost-of-Living Adjusted Salary
Savage 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.
Savage, MN has a cost-of-living index of 98.5 (below the national average of 100). A financial advisor earning $82,278 nominally has purchasing power equivalent to $83,531 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$66,596
2025 BLS Actual
$79,650
2026 Current Est.
$82,278
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Savage (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $66,596 | Actual |
| 2020 | $67,718 | Actual |
| 2021 | $71,387 | Actual |
| 2022 | $72,312 | Actual |
| 2023 | $75,488 | Actual |
| 2024 | $102,854 | Actual |
| 2025 | $79,650 | Actual |
| 2026(current) | $82,278 | Estimated |
| 2027 | $84,994 | Projected |
Based on 7 years of BLS OEWS data for the Savage metropolitan area, the median financial advisor salary grew 19.6% from $66,596 (2019) to $79,650 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $84,994 by 2027 — a total increase of $18,398 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Savage 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) | $47,722 – $59,381 |
| 3-5 years (Mid Career) | $59,381 – $82,278 |
| 5+ years (Experienced) | $82,278 – $105,316 |
| 10+ years (Top Earner) | $105,316 – $127,532 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Savage
Savage's labor market supports a small cohort of only nine financial advisors, reflecting a niche environment for this profession. The cost-of-living index, measured at 98.5, suggests that despite salaries being lower than national averages, the affordable living costs may mitigate that reduction in purchasing power. Wirehouses like Morgan Stanley and Merrill Lynch typically offer the highest salaries in the area, appealing particularly to those with significant assets under management (AUM). Competition lies not only in attracting high-net-worth clients but also in the ability to maximize AUM, which can drive earnings higher, with RIA advisors often finding value in building a solid client base without commissions. Advisors looking to maximize their pay in Savage should focus on obtaining CFP or CFA certifications to enhance their credibility while also considering the fee models that align best with local client expectations and market demands.
More salary data for Savage, 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 $79,650 for financial advisorsin the Savage 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 Savage 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