Financial Advisor Salary in Reno, NV: $88,291 (2026)
Quick Answer:A full-time financial advisor in Reno, NV earns a median $88,291/year (≈ $42.45/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Reno's price level (1% above national, BEA RPP 101.0), that paycheck buys what $87,405 would nationally. Nominal pay sits 17.2% below the Nevada state average.
Official BLS data · View source
In 2026, the financial advisor salary in Reno is projected to reach a median of $88,291, significantly lower than the national median of $108,537, reflecting a disparity of 18.65%. The salary spectrum for financial advisors in this NV city spans from $42,456 at the 10th percentile to an upper limit of $236,433 for those in the 90th percentile. This data, derived from official BLS OEWS surveys based on 2025 figures, highlights a competitive but challenging earnings environment for financial professionals. With a projected annual growth rate of 3.30%, opportunities in Reno are on the rise, signifying a gradual expansion of the market even as compensation remains comparatively modest.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $42,456 | $20.41 |
| Lower Range (P25) | $69,500 | $33.42 |
| Median (P50)(typical) | $88,291 | $42.45 |
| Upper Range (P75) | $178,275 | $85.71 |
| Top Earners (P90) | $236,433 | $113.67 |
Median Salary Position
18.65% below the national average
2026 Salary Percentile Distribution in Reno
In Reno, NV, the financial advisor salary spread from the 10th to 90th percentile is $193,977 (2026 est.). At $88,291, the local median is 18.65% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Reno: You'd be in the entry-level range
How Reno Financial Advisor Pay Compares
Reno median: $88,291/year (2026)
| Compared To | Median Salary | Reno Pays |
|---|---|---|
| Nevada Average | $106,631 | -17.20% less |
| National Average | $108,537 | -18.65% less |
Financial Advisors in Reno, NV earn a median of $88,291 per year (2026 est.), which is 18.65% lower than the national median of $108,537 and 17.20% below the Nevada state average of $106,631.
Cost-of-Living Adjusted Salary
Reno has a cost of living 1.01% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Reno, NV has a cost-of-living index of 101.014 (above the national average of 100). While the nominal salary of $88,291 is competitive, the higher cost of living reduces purchasing power to an effective $87,405 — a 1% reduction.
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2019 BLS Actual
$81,450
2025 BLS Actual
$85,470
2026 Current Est.
$88,291
2019–2027 Growth
+12.0%
Salary Trajectory for Financial Advisors in Reno (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $81,450 | Actual |
| 2020 | $71,140 | Actual |
| 2021 | $68,600 | Actual |
| 2022 | $77,596 | Actual |
| 2023 | $106,000 | Actual |
| 2024 | $81,940 | Actual |
| 2025 | $85,470 | Actual |
| 2026(current) | $88,291 | Estimated |
| 2027 | $91,204 | Projected |
Based on 7 years of BLS OEWS data for the Reno metropolitan area, the median financial advisor salary grew 4.9% from $81,450 (2019) to $85,470 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $91,204 by 2027 — a total increase of $9,754 (11.98%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Reno 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) | $42,456 – $69,500 |
| 3-5 years (Mid Career) | $69,500 – $88,291 |
| 5+ years (Experienced) | $88,291 – $178,275 |
| 10+ years (Top Earner) | $178,275 – $236,433 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Reno
Amid this backdrop, local demand for financial advisors is steadily increasing, influenced by a burgeoning economy and a growing populace that values financial planning services. The cost of living in Reno, slightly above the national average with a CoL index of 101.014, affects take-home pay significantly. Leading employers in the area include wirehouses like Morgan Stanley and Merrill Lynch, renowned for competitive salaries, while independent broker-dealers such as LPL and Raymond James are gaining traction due to their fee models that align with the fiduciary standard. The spread in compensation can often be attributed to various factors, including assets under management, advisor credentials like CFP or CFA, and the potential for earning through high-net-worth client relationships. For those looking to maximize their financial advisor pay in Reno NV, focusing on certifications, fee-based models, and establishing a niche clientele can be crucial strategies to navigate this evolving market effectively.
More salary data for Reno, NV:
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 $85,470 for financial advisorsin the Reno 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
Source: BLS, OEWS, 6-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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