Financial Advisor Salary in Salt Lake City, UT: $80,564 (2026)
Quick Answer:A full-time financial advisor in Salt Lake City, UT earns a median $80,564/year (≈ $38.74/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Salt Lake City's price level (1% above national, BEA RPP 100.9), that paycheck buys what $79,871 would nationally. Nominal pay sits 20.2% above the Utah state average.
Official BLS data · View source
In 2026, financial advisors in Salt Lake City, Utah, are expected to earn a median annual salary of $80,564, considerably lower than the national median of $108,537. The salary range for this occupation showcases a wide disparity, with earnings stretching from $52,115 at the lower end (P10) to an impressive $225,122 at the upper limit (P90). These figures are derived from 2025 BLS OEWS data, projected into 2026, reflecting the increasing demand and competitive market for financial planning professionals. As fee-only fiduciary models gain traction, the potential for salary growth in Salt Lake City is promising, particularly for advisors who obtain the CFP credential and specialize in high-net-worth clientele.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $52,115 | $25.06 |
| Lower Range (P25) | $63,922 | $30.73 |
| Median (P50)(typical) | $80,564 | $38.74 |
| Upper Range (P75) | $129,848 | $62.42 |
| Top Earners (P90) | $225,122 | $108.23 |
Median Salary Position
25.77% below the national average
2026 Salary Percentile Distribution in Salt Lake City
In Salt Lake City, UT, the financial advisor salary spread from the 10th to 90th percentile is $173,007 (2026 est.). At $80,564, the local median is 25.77% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Salt Lake City: You'd be in the entry-level range
How Salt Lake City Financial Advisor Pay Compares
Salt Lake City median: $80,564/year (2026)
| Compared To | Median Salary | Salt Lake City Pays |
|---|---|---|
| Utah Average | $67,025 | +20.20% more |
| National Average | $108,537 | -25.77% less |
Financial Advisors in Salt Lake City, UT earn a median of $80,564 per year (2026 est.), which is 25.77% lower than the national median of $108,537 and 20.20% above the Utah state average of $67,025.
Cost-of-Living Adjusted Salary
Salt Lake City has a cost of living 0.87% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Salt Lake City, UT has a cost-of-living index of 100.868 (above the national average of 100). While the nominal salary of $80,564 is competitive, the higher cost of living reduces purchasing power to an effective $79,871 — a 0.86% reduction.
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2019 BLS Actual
$70,320
2025 BLS Actual
$77,990
2026 Current Est.
$80,564
2019–2027 Growth
+18.3%
Salary Trajectory for Financial Advisors in Salt Lake City (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $70,320 | Actual |
| 2020 | $63,690 | Actual |
| 2021 | $63,240 | Actual |
| 2022 | $65,540 | Actual |
| 2023 | $72,280 | Actual |
| 2024 | $78,120 | Actual |
| 2025 | $77,990 | Actual |
| 2026(current) | $80,564 | Estimated |
| 2027 | $83,222 | Projected |
Based on 7 years of BLS OEWS data for the Salt Lake City metropolitan area, the median financial advisor salary grew 10.9% from $70,320 (2019) to $77,990 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $83,222 by 2027 — a total increase of $12,902 (18.35%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Salt Lake City 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) | $52,115 – $63,922 |
| 3-5 years (Mid Career) | $63,922 – $80,564 |
| 5+ years (Experienced) | $80,564 – $129,848 |
| 10+ years (Top Earner) | $129,848 – $225,122 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Salt Lake City
Currently employing around 1,900 financial advisors, Salt Lake City presents a robust job market amid a cost-of-living index slightly above the national average at 100.868. This economic reality suggests that while salaries may appear lower than the national benchmarks, the purchasing power for local professionals remains relatively favorable. Among employers, wirehouses like Morgan Stanley and Merrill Lynch tend to offer high compensation, driven by commission-based models, while independent broker-dealers and RIAs are carving out opportunities with fee-based incentives. Factors such as assets under management, client concentration, and credential prestige significantly influence earnings potential. For financial advisors aiming to maximize their pay, focusing on acquiring clients with substantial portfolios and maintaining strong fiduciary relationships will be essential in this dynamic market.
More salary data for Salt Lake City, 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 $77,990 for financial advisorsin the Salt Lake City 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, 7-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