Financial Advisor Salary in St. Louis Park, MN: $81,961 (2026)
Quick Answer:A full-time financial advisor in St. Louis Park, MN earns a median $81,961/year (≈ $39.41/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in St. Louis Park's price level (1% below national, BEA RPP 98.5), that paycheck buys what $83,209 would nationally. Nominal pay sits 3.7% below the Minnesota state average.
Based on BLS state-level estimates · View source
Financial advisors in St. Louis Park, Minnesota, are projected to earn a median annual salary of $81,961 in 2026. This figure is considerably lower than the national median of $108,537, reflecting a regional difference in financial advisor compensation. Salaries for advisors in the area range from $47,538 at the lower end (P10) to $127,040 for those at the higher end (P90). These estimates are derived from 2025 BLS state-level data, taking into account various factors that influence local salary levels, including the cost of living in St. Louis Park. With the trend towards fee-only fiduciary practices and the value of the CFP credential, there exists an opportunity for growth in this local job market as advisors adapt to evolving client needs and industry standards.
About the St. Louis Park Market
Salary estimated from Minnesota average ($108,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $47,538 | $22.85 |
| Lower Range (P25) | $59,012 | $28.37 |
| Median (P50)(typical) | $81,961 | $39.41 |
| Upper Range (P75) | $104,910 | $50.44 |
| Top Earners (P90) | $127,040 | $61.08 |
Median Salary Position
24.49% below the national average
2026 Salary Percentile Distribution in St. Louis Park
In St. Louis Park, MN, the financial advisor salary spread from the 10th to 90th percentile is $79,502 (2026 est.). At $81,961, the local median is 24.49% below the national median of $108,537.
Salary Calculator
At 40 hours/week in St. Louis Park: You'd be in the lower-middle range
How St. Louis Park Financial Advisor Pay Compares
St. Louis Park median: $81,961/year (2026)
| Compared To | Median Salary | St. Louis Park Pays |
|---|---|---|
| Minnesota Average | $85,110 | -3.70% less |
| National Average | $108,537 | -24.49% less |
Financial Advisors in St. Louis Park, MN earn a median of $81,961 per year (2026 est.), which is 24.49% lower than the national median of $108,537 and 3.70% below the Minnesota state average of $85,110.
Cost-of-Living Adjusted Salary
St. Louis Park 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.
St. Louis Park, MN has a cost-of-living index of 98.5 (below the national average of 100). A financial advisor earning $81,961 nominally has purchasing power equivalent to $83,209 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$66,339
2025 BLS Actual
$79,343
2026 Current Est.
$81,961
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in St. Louis Park (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $66,339 | Actual |
| 2020 | $67,457 | Actual |
| 2021 | $71,112 | Actual |
| 2022 | $72,033 | Actual |
| 2023 | $75,197 | Actual |
| 2024 | $102,458 | Actual |
| 2025 | $79,343 | Actual |
| 2026(current) | $81,961 | Estimated |
| 2027 | $84,666 | Projected |
Based on 7 years of BLS OEWS data for the St. Louis Park metropolitan area, the median financial advisor salary grew 19.6% from $66,339 (2019) to $79,343 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $84,666 by 2027 — a total increase of $18,327 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the St. Louis Park 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) | $47,538 – $59,012 |
| 3-5 years (Mid Career) | $59,012 – $81,961 |
| 5+ years (Experienced) | $81,961 – $104,910 |
| 10+ years (Top Earner) | $104,910 – $127,040 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in St. Louis Park
In terms of job market dynamics, there are currently nine financial advisors employed in St. Louis Park, indicating a competitive but stable environment for those entering the sector. The local cost-of-living index stands at 98.5, which is slightly below the national average, suggesting that take-home pay may stretch further than in higher-cost areas. Among the various types of employers, independent registered investment advisors (RIAs) typically offer the highest pay, particularly those that cater to high-net-worth clients or utilize a transparent AUM-based fee model. It’s crucial for financial advisors in this region to understand the compensation structure: wirehouses might lean toward commission models, while RIAs emphasize fiduciary duties and transparent fees. To maximize their financial advisor pay in St. Louis Park, professionals should consider obtaining additional credentials like the CFP or CFA, focusing on building a substantial AUM book, and developing strategies to attract affluent clientele to enhance income potential.
More salary data for St. Louis Park, 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 $79,343 for financial advisorsin the St. Louis Park 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 St. Louis Park 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