Financial Advisor Salary in Midvale, UT: $65,923 (2026)
Quick Answer:A full-time financial advisor in Midvale, UT earns a median $65,923/year (≈ $31.69/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Midvale's price level (2% below national, BEA RPP 98.1), that paycheck buys what $67,200 would nationally. Nominal pay sits 1.7% below the Utah state average.
Based on BLS state-level estimates · View source
Financial advisors in Midvale, Utah, are projected to earn a median annual salary of $65,923 in 2026, considerably lower than the national average of $108,537. The income range varies significantly, with the lowest 10% earning approximately $38,235 and the highest 90% pulling in around $102,180. These numbers, derived from projections based on 2025 BLS data adjusted for regional price differences, reflect the local market's dynamics shaped by the ongoing structural divide between wirehouses and Registered Investment Advisors (RIAs). The shift towards fiduciary fee structures at RIAs versus commission-based models at wirehouses may contribute to the overall salary discrepancies, with additional factors such as clientele composition and advisor qualifications influencing individual outcomes.
About the Midvale Market
Salary estimated from Utah average ($92,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $38,235 | $18.39 |
| Lower Range (P25) | $47,464 | $22.82 |
| Median (P50)(typical) | $65,923 | $31.69 |
| Upper Range (P75) | $84,382 | $40.57 |
| Top Earners (P90) | $102,180 | $49.13 |
Median Salary Position
39.26% below the national average
2026 Salary Percentile Distribution in Midvale
In Midvale, UT, the financial advisor salary spread from the 10th to 90th percentile is $63,945 (2026 est.). At $65,923, the local median is 39.26% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Midvale: You'd be in the lower-middle range
How Midvale Financial Advisor Pay Compares
Midvale median: $65,923/year (2026)
| Compared To | Median Salary | Midvale Pays |
|---|---|---|
| Utah Average | $67,063 | -1.70% less |
| National Average | $108,537 | -39.26% less |
Financial Advisors in Midvale, UT earn a median of $65,923 per year (2026 est.), which is 39.26% lower than the national median of $108,537 and 1.70% below the Utah state average of $67,063.
Cost-of-Living Adjusted Salary
Midvale has a cost of living 1.90% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Midvale, UT has a cost-of-living index of 98.1 (below the national average of 100). A financial advisor earning $65,923 nominally has purchasing power equivalent to $67,200 in an average-cost city — an effective 1.94% boost.
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2019 BLS Actual
$53,358
2025 BLS Actual
$63,817
2026 Current Est.
$65,923
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Midvale (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $53,358 | Actual |
| 2020 | $54,257 | Actual |
| 2021 | $57,197 | Actual |
| 2022 | $57,938 | Actual |
| 2023 | $60,483 | Actual |
| 2024 | $88,746 | Actual |
| 2025 | $63,817 | Actual |
| 2026(current) | $65,923 | Estimated |
| 2027 | $68,098 | Projected |
Based on 7 years of BLS OEWS data for the Midvale metropolitan area, the median financial advisor salary grew 19.6% from $53,358 (2019) to $63,817 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $68,098 by 2027 — a total increase of $14,740 (27.62%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Midvale 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) | $38,235 – $47,464 |
| 3-5 years (Mid Career) | $47,464 – $65,923 |
| 5+ years (Experienced) | $65,923 – $84,382 |
| 10+ years (Top Earner) | $84,382 – $102,180 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Midvale
As of 2026, Midvale employs nine financial advisors, a relatively small workforce in a location with a cost-of-living index of 98.1, suggesting modest affordability compared to national averages. This environment offers a unique blend of opportunities for local advisors, particularly in which firms tend to pay the most. Wirehouses such as Morgan Stanley and Merrill Lynch often lead in compensation levels, especially for advisors managing higher asset bases. However, those affiliated with independent broker-dealers or RIAs may find more substantial long-term growth potential, driven by AUM compensation models and fee structures. With the financial planning industry increasingly valuing CFP and CFA credentials, aspiring financial advisors in Midvale should focus on building their client relationships and enhancing their qualifications to effectively navigate the salary spectrum, ensuring their earning potential aligns with local market trends.
More salary data for Midvale, UT:
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 $63,817 for financial advisorsin the Midvale 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 Midvale 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