Financial Advisor Salary in Murray, UT: $80,902 (2026)
Quick Answer:A full-time financial advisor in Murray, UT earns a median $80,902/year (≈ $38.89/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Murray's price level (2% below national, BEA RPP 98.1), that paycheck buys what $82,469 would nationally. Nominal pay sits 20.7% above the Utah state average.
Based on BLS state-level estimates · View source
In 2026, financial advisors in Murray, Utah, are projected to earn a median salary of $80,902. This figure reflects the ongoing impact of the evolving financial services industry, particularly the divide between wirehouse models and independent Registered Investment Advisors (RIAs). With projected salaries ranging from $46,923 at the lower end (P10) to $125,399 at the higher end (P90), local financial advisor compensation is influenced by the assets under management (AUM) model, which typically rewards RIAs based on a fee structure, contrasting with the commission-based approach of wirehouses. As the market continues to shift in favor of fiduciary standards and transparency in financial advice, professionals in Murray may find opportunities to maximize their earnings within this changing landscape.
About the Murray Market
Salary estimated from Utah average ($92,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $46,923 | $22.56 |
| Lower Range (P25) | $58,250 | $28.00 |
| Median (P50)(typical) | $80,902 | $38.89 |
| Upper Range (P75) | $103,555 | $49.79 |
| Top Earners (P90) | $125,399 | $60.29 |
Median Salary Position
25.46% below the national average
2026 Salary Percentile Distribution in Murray
In Murray, UT, the financial advisor salary spread from the 10th to 90th percentile is $78,476 (2026 est.). At $80,902, the local median is 25.46% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Murray: You'd be in the lower-middle range
How Murray Financial Advisor Pay Compares
Murray median: $80,902/year (2026)
| Compared To | Median Salary | Murray Pays |
|---|---|---|
| Utah Average | $67,028 | +20.70% more |
| National Average | $108,537 | -25.46% less |
Financial Advisors in Murray, UT earn a median of $80,902 per year (2026 est.), which is 25.46% lower than the national median of $108,537 and 20.70% above the Utah state average of $67,028.
Cost-of-Living Adjusted Salary
Murray 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.
Murray, UT has a cost-of-living index of 98.1 (below the national average of 100). A financial advisor earning $80,902 nominally has purchasing power equivalent to $82,469 in an average-cost city — an effective 1.94% boost.
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2019 BLS Actual
$65,482
2025 BLS Actual
$78,318
2026 Current Est.
$80,902
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Murray (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $65,482 | Actual |
| 2020 | $66,586 | Actual |
| 2021 | $70,193 | Actual |
| 2022 | $71,103 | Actual |
| 2023 | $74,226 | Actual |
| 2024 | $89,725 | Actual |
| 2025 | $78,318 | Actual |
| 2026(current) | $80,902 | Estimated |
| 2027 | $83,572 | Projected |
Based on 7 years of BLS OEWS data for the Murray metropolitan area, the median financial advisor salary grew 19.6% from $65,482 (2019) to $78,318 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $83,572 by 2027 — a total increase of $18,090 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Murray 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) | $46,923 – $58,250 |
| 3-5 years (Mid Career) | $58,250 – $80,902 |
| 5+ years (Experienced) | $80,902 – $103,555 |
| 10+ years (Top Earner) | $103,555 – $125,399 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Murray
The financial advisor job market in Murray is relatively small, with only seven advisors currently employed in the area, creating a competitive environment for those seeking to enter the profession. The cost-of-living index in Murray stands at 98.1, slightly below the national average, suggesting that advisors may enjoy a more favorable purchasing power compared to markets with higher living costs. Among local employers, wirehouses like Morgan Stanley and Merrill Lynch may offer higher compensation packages, while RIAs can provide significant upside potential through AUM-related fees and incentives tied to client retention and growth. Factors like client concentration among high-net-worth individuals and the prestige of holding designations such as CFP or CFA can further drive pay disparities. To capitalize on these opportunities, advisors in Murray should consider developing a robust client base and exploring fee-based models to enhance their earnings in a market poised for growth.
More salary data for Murray, 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 $78,318 for financial advisorsin the Murray 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 Murray 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