Cleveland vs Lorain: Financial Advisor Salary (2026)
Compare financial advisor salaries between Cleveland, OH and Lorain, OH. All figures are 2026 estimates projected from BLS 2025 data.
Side-by-Side Comparison
| Metric | Cleveland, OH | Lorain, OH |
|---|---|---|
| Median Salary | $83,807 | $86,549▲ |
| Hourly Rate | $40.30 | $41.61▲ |
| Entry Level (P10) | $49,253 | $50,199▲ |
| 25th Percentile | $62,724▲ | $62,315 |
| 75th Percentile | $164,495▲ | $110,783 |
| Top Earner (P90) | $231,144▲ | $134,151 |
| Total Employed | 1,640▲ | 12 |
Verdict
Cleveland and Lorain are closely matched on overall financial advisor compensation, each winning on different metrics.
The salary gap between Cleveland and Lorain is $2,742 (3.27%). Lorain's median is -20.26% compared to the US national median of $108,537.
Salary Range Comparison
The full salary range (10th to 90th percentile) in Cleveland spans $181,891,Lorain spans $83,952. Cleveland has a wider pay range, meaning more potential for high earners but also more variation.
Cost-of-Living Adjusted Comparison
After cost-of-living adjustment, Lorain ($95,423 effective) pays 6.94% more than Cleveland ($89,229 effective).
Cost-of-living adjustment: salary × (100 / CoL index). Index of 100 = national average.
Which City Is Right for You?
Choose Cleveland if…
- ✓Better top-earner potential ($231,144)
- ✓Larger job market (1,640 employed)
- ✓You prefer the Ohio area and lifestyle
Choose Lorain if…
- ✓Higher median salary ($86,549/year)
- ✓Better purchasing power (CoL-adjusted: $95,423)
- ✓You prefer the Ohio area and lifestyle
Historical Salary Growth Comparison
Based on BLS OEWS metropolitan area data, financial advisor salaries in Cleveland grew 32.0% from 2019 to 2025, compared to -3.8% growth in Lorain over the same period.
Cleveland, OH
$61,480 (2019) → $81,130 (2025)
Lorain, OH
$87,095 (2024) → $83,784 (2025)
View Full Salary Data
Cleveland, OH
Lorain, OH
Frequently Asked Questions
Which city pays financial advisors more: Cleveland or Lorain?
What is the hourly rate difference between Cleveland and Lorain?
Should I relocate from Cleveland to Lorain as a financial advisor?
What do entry-level financial advisors earn in Cleveland vs Lorain?
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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
All salary figures are 2026 projections based on BLS OEWS May 2025 data. A 3.30% CAGR (derived from 6-year national BLS trends) was applied to estimate current compensation. Cost-of-living adjustments use BEA Regional Price Parity data. Actual salaries vary by employer, certifications, and experience.
Data Sources & Methodology
Source: BLS, OEWS , released .
Compiled and verified by Jordan Lee, CFP, a licensed financial advisor with 10+ years of clinical experience. · View source data at BLS.gov