Financial Advisor Salary in Mentor, OH: $82,149 (2026)
Quick Answer:A full-time financial advisor in Mentor, OH earns a median $82,149/year (≈ $39.49/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Mentor's price level (9% below national, BEA RPP 90.7), that paycheck buys what $90,572 would nationally. Nominal pay sits 4.1% below the Ohio state average.
Based on BLS state-level estimates · View source
In 2026, financial advisors in Mentor, Ohio, can expect to earn a median annual salary of $82,149, a figure notably lower than the national median of $108,537. Salaries in the area range from $47,647 at the 10th percentile to $127,332 at the 90th percentile, highlighting the significant variability in earnings. These estimates are derived from 2025 BLS data, adjusted for regional price parities, reflecting the local economic context. The trend toward fee-only advisory practices has made the Certified Financial Planner credential an increasingly valuable asset, allowing advisors to build client trust while potentially enhancing compensation through performance-based fees linked to assets under management.
About the Mentor Market
Salary estimated from Ohio average ($95,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $47,647 | $22.91 |
| Lower Range (P25) | $59,148 | $28.44 |
| Median (P50)(typical) | $82,149 | $39.49 |
| Upper Range (P75) | $105,151 | $50.56 |
| Top Earners (P90) | $127,332 | $61.22 |
Median Salary Position
24.31% below the national average
2026 Salary Percentile Distribution in Mentor
In Mentor, OH, the financial advisor salary spread from the 10th to 90th percentile is $79,685 (2026 est.). At $82,149, the local median is 24.31% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Mentor: You'd be in the lower-middle range
How Mentor Financial Advisor Pay Compares
Mentor median: $82,149/year (2026)
| Compared To | Median Salary | Mentor Pays |
|---|---|---|
| Ohio Average | $85,661 | -4.10% less |
| National Average | $108,537 | -24.31% less |
Financial Advisors in Mentor, OH earn a median of $82,149 per year (2026 est.), which is 24.31% lower than the national median of $108,537 and 4.10% below the Ohio state average of $85,661.
Cost-of-Living Adjusted Salary
Mentor has a cost of living 9.30% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Mentor, OH has a cost-of-living index of 90.7 (below the national average of 100). A financial advisor earning $82,149 nominally has purchasing power equivalent to $90,572 in an average-cost city — an effective 10.25% boost.
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2019 BLS Actual
$66,492
2025 BLS Actual
$79,525
2026 Current Est.
$82,149
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Mentor (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $66,492 | Actual |
| 2020 | $67,612 | Actual |
| 2021 | $71,275 | Actual |
| 2022 | $72,198 | Actual |
| 2023 | $75,370 | Actual |
| 2024 | $82,667 | Actual |
| 2025 | $79,525 | Actual |
| 2026(current) | $82,149 | Estimated |
| 2027 | $84,860 | Projected |
Based on 7 years of BLS OEWS data for the Mentor metropolitan area, the median financial advisor salary grew 19.6% from $66,492 (2019) to $79,525 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $84,860 by 2027 — a total increase of $18,368 (27.62%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Mentor 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) | $47,647 – $59,148 |
| 3-5 years (Mid Career) | $59,148 – $82,149 |
| 5+ years (Experienced) | $82,149 – $105,151 |
| 10+ years (Top Earner) | $105,151 – $127,332 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Mentor
The job market in Mentor is relatively modest, with only nine financial advisors employed in this area. Coupled with a cost-of-living index of 90.7, which is below the national average, this may affect the overall purchasing power of financial advisor salaries in Mentor, OH. Among local employers, wirehouse firms such as Morgan Stanley and Wells Fargo Advisors typically offer higher pay compared to independent broker-dealers or Registered Investment Advisors (RIAs), particularly for those managing significant assets. Differences in compensation are influenced by several factors, including book size, client wealth concentration, and the payment structure—whether fee-based or commission. Advisors looking to optimize their financial advisor pay in Mentor should consider enhancing their credentials, such as obtaining a CFP designation, aligning with the fiduciary model, and focusing on high-net-worth individuals to increase their overall compensation potential.
More salary data for Mentor, OH:
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 $79,525 for financial advisorsin the Mentor 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 Mentor 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