Financial Advisor Salary in North Olmsted, OH: $83,804 (2026)
Quick Answer:A full-time financial advisor in North Olmsted, OH earns a median $83,804/year (≈ $40.29/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in North Olmsted's price level (9% below national, BEA RPP 90.7), that paycheck buys what $92,397 would nationally. Nominal pay sits 2.1% below the Ohio state average.
Based on BLS state-level estimates · View source
In 2026, financial advisors in North Olmsted, OH, are projected to earn a median salary of $83,804, significantly lower than the national median of $108,537. This local market exhibits a salary range of $48,607 at the 10th percentile to $129,897 at the 90th percentile. The compensation landscape in North Olmsted is shaped by the structural divide between wirehouses and independent Registered Investment Advisors (RIAs), where pay is often influenced by the assets under management (AUM) model. As firms adapt to the changing financial landscape, the divergence in compensation between these models further accentuates the dynamics in North Olmsted, presenting opportunities for advisors who can navigate the fiduciary versus commission debate effectively.
About the North Olmsted Market
Salary estimated from Ohio average ($95,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $48,607 | $23.37 |
| Lower Range (P25) | $60,339 | $29.01 |
| Median (P50)(typical) | $83,804 | $40.29 |
| Upper Range (P75) | $107,270 | $51.57 |
| Top Earners (P90) | $129,897 | $62.46 |
Median Salary Position
22.79% below the national average
2026 Salary Percentile Distribution in North Olmsted
In North Olmsted, OH, the financial advisor salary spread from the 10th to 90th percentile is $81,290 (2026 est.). At $83,804, the local median is 22.79% below the national median of $108,537.
Salary Calculator
At 40 hours/week in North Olmsted: You'd be in the lower-middle range
How North Olmsted Financial Advisor Pay Compares
North Olmsted median: $83,804/year (2026)
| Compared To | Median Salary | North Olmsted Pays |
|---|---|---|
| Ohio Average | $85,602 | -2.10% less |
| National Average | $108,537 | -22.79% less |
Financial Advisors in North Olmsted, OH earn a median of $83,804 per year (2026 est.), which is 22.79% lower than the national median of $108,537 and 2.10% below the Ohio state average of $85,602.
Cost-of-Living Adjusted Salary
North Olmsted 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.
North Olmsted, OH has a cost-of-living index of 90.7 (below the national average of 100). A financial advisor earning $83,804 nominally has purchasing power equivalent to $92,397 in an average-cost city — an effective 10.25% boost.
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2019 BLS Actual
$67,831
2025 BLS Actual
$81,127
2026 Current Est.
$83,804
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in North Olmsted (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $67,831 | Actual |
| 2020 | $68,974 | Actual |
| 2021 | $72,711 | Actual |
| 2022 | $73,653 | Actual |
| 2023 | $76,888 | Actual |
| 2024 | $84,332 | Actual |
| 2025 | $81,127 | Actual |
| 2026(current) | $83,804 | Estimated |
| 2027 | $86,570 | Projected |
Based on 7 years of BLS OEWS data for the North Olmsted metropolitan area, the median financial advisor salary grew 19.6% from $67,831 (2019) to $81,127 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $86,570 by 2027 — a total increase of $18,739 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the North Olmsted 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) | $48,607 – $60,339 |
| 3-5 years (Mid Career) | $60,339 – $83,804 |
| 5+ years (Experienced) | $83,804 – $107,270 |
| 10+ years (Top Earner) | $107,270 – $129,897 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in North Olmsted
The local job market for financial advisors is relatively modest, with only eight professionals employed in the North Olmsted area. Despite this limited number, the cost of living in North Olmsted, reflected in a cost-of-living index of 90.7, suggests that advisors can stretch their salaries further than in more expensive areas. Employers like Morgan Stanley and Merrill Lynch, as well as independent broker-dealers such as Raymond James and LPL, typically offer higher salaries, though advisors affiliated with RIAs can benefit from more favorable fee structures. The compensation disparities arise from various factors, including AUM book size, clientele concentration, and the credentials held by advisors, such as CFP or CFA designations. To maximize earnings in this market, financial advisors should focus on building strong client relationships and developing a robust AUM base, as well as considering partnerships in reputable RIAs for better long-term financial growth.
More salary data for North Olmsted, 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 $81,127 for financial advisorsin the North Olmsted 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 North Olmsted 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