Financial Advisor Salary in Cleveland, TN: $45,328 (2026)
Quick Answer:A full-time financial advisor in Cleveland, TN earns a median $45,328/year (≈ $21.80/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Cleveland's price level (12% below national, BEA RPP 88.1), that paycheck buys what $51,462 would nationally. Nominal pay sits 42.9% below the Tennessee state average.
Official BLS data · View source
In 2026, the financial advisor salary in Cleveland, Tennessee, is projected to reach a median annual figure of $45,328. This figure contrasts sharply with the national median of $108,537, highlighting a considerable gap in compensation levels. Financial advisors in Cleveland can expect to see salaries range from as low as $39,595 to as high as $223,510, indicating a significant variance based on experience and the size of the advisor’s practice. This data is derived from official Bureau of Labor Statistics (BLS) OEWS surveys, reflecting ongoing trends in the local market. As the financial advisory field continues to evolve, particularly with the rise of fiduciary fee-only models, the demand for certified financial planners (CFPs) is likely to influence both salary growth and the overall job market stability in Cleveland.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $39,595 | $19.04 |
| Lower Range (P25) | $45,328 | $21.80 |
| Median (P50)(typical) | $45,328 | $21.80 |
| Upper Range (P75) | $102,050 | $49.07 |
| Top Earners (P90) | $223,510 | $107.46 |
Median Salary Position
58.24% below the national average
2026 Salary Percentile Distribution in Cleveland
In Cleveland, TN, the financial advisor salary spread from the 10th to 90th percentile is $183,915 (2026 est.). At $45,328, the local median is 58.24% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Cleveland: You'd be in the entry-level range
How Cleveland Financial Advisor Pay Compares
Cleveland median: $45,328/year (2026)
| Compared To | Median Salary | Cleveland Pays |
|---|---|---|
| Tennessee Average | $79,384 | -42.90% less |
| National Average | $108,537 | -58.24% less |
Financial Advisors in Cleveland, TN earn a median of $45,328 per year (2026 est.), which is 58.24% lower than the national median of $108,537 and 42.90% below the Tennessee state average of $79,384.
Cost-of-Living Adjusted Salary
Cleveland has a cost of living 11.92% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Cleveland, TN has a cost-of-living index of 88.08 (below the national average of 100). A financial advisor earning $45,328 nominally has purchasing power equivalent to $51,462 in an average-cost city — an effective 13.53% boost.
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2019 BLS Actual
$36,688
2025 BLS Actual
$43,880
2026 Current Est.
$45,328
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Cleveland (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $36,688 | Actual |
| 2020 | $37,307 | Actual |
| 2021 | $39,328 | Actual |
| 2022 | $39,837 | Actual |
| 2023 | $41,587 | Actual |
| 2024 | $82,489 | Actual |
| 2025 | $43,880 | Actual |
| 2026(current) | $45,328 | Estimated |
| 2027 | $46,824 | Projected |
Based on 7 years of BLS OEWS data for the Cleveland metropolitan area, the median financial advisor salary grew 19.6% from $36,688 (2019) to $43,880 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $46,824 by 2027 — a total increase of $10,136 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Cleveland 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) | $39,595 – $45,328 |
| 3-5 years (Mid Career) | $45,328 – $45,328 |
| 5+ years (Experienced) | $45,328 – $102,050 |
| 10+ years (Top Earner) | $102,050 – $223,510 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Cleveland
Looking deeper into the dynamics of financial advisor pay in Cleveland, TN, there are currently 30 financial advisors employed locally, contributing to a specialized niche in this growing profession. The area's cost of living index stands at 88.08, which is below the national average. This indicates that while the nominal salaries may be lower than national benchmarks, advisors can potentially enjoy a greater purchasing power relative to their expenses. High-paying employers in the area typically include wirehouses like Morgan Stanley and independent broker-dealers such as Raymond James, who tend to offer more lucrative compensation structures. The wide salary range reflects a variety of factors such as the type of practice, assets under management (AUM), and whether the advisor operates on a commission or fee-only basis. For those looking to maximize their pay in this Cleveland market, achieving additional credentials like the CFP can help bridge the compensation gap, while networking with high-net-worth individuals may also enhance opportunities for premium growth.
More salary data for Cleveland, TN:
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 $43,880 for financial advisorsin the Cleveland 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, 2-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