Duluth vs Shakopee: Financial Advisor Salary (2026)
Compare financial advisor salaries between Duluth, MN and Shakopee, MN. All figures are 2026 estimates projected from BLS 2025 data.
Side-by-Side Comparison
| Metric | Duluth, MN | Shakopee, MN |
|---|---|---|
| Median Salary | $83,136▲ | $82,423 |
| Hourly Rate | $39.97▲ | $39.63 |
| Entry Level (P10) | $45,070 | $47,805▲ |
| 25th Percentile | $64,779▲ | $59,663 |
| 75th Percentile | $160,208▲ | $105,501 |
| Top Earner (P90) | $336,789▲ | $127,756 |
| Total Employed | 110▲ | 11 |
Verdict
Duluth, MN offers better overall compensation for financial advisors, winning 4 out of 4 metrics compared to Shakopee.
The salary gap between Duluth and Shakopee is $713 (0.87%). Duluth's median is -23.40% compared to the US national median of $108,537.
Salary Range Comparison
The full salary range (10th to 90th percentile) in Duluth spans $291,719,Shakopee spans $79,951. Duluth 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, Duluth ($93,655 effective) pays 11.92% more than Shakopee ($83,678 effective).
Cost-of-living adjustment: salary × (100 / CoL index). Index of 100 = national average.
Which City Is Right for You?
Choose Duluth if…
- ✓Higher median salary ($83,136/year)
- ✓Better top-earner potential ($336,789)
- ✓Larger job market (110 employed)
- ✓Better purchasing power (CoL-adjusted: $93,655)
- ✓You prefer the Minnesota area and lifestyle
Choose Shakopee if…
- ✓You prefer the Minnesota area and lifestyle
Historical Salary Growth Comparison
Based on BLS OEWS metropolitan area data, financial advisor salaries in Duluth grew -4.4% from 2019 to 2025, compared to -22.6% growth in Shakopee over the same period.
Duluth, MN
$84,220 (2019) → $80,480 (2025)
Shakopee, MN
$103,036 (2024) → $79,790 (2025)
View Full Salary Data
Duluth, MN
Shakopee, MN
Frequently Asked Questions
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Related Comparisons
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