Faribault vs Minneapolis: Financial Advisor Salary (2026)
Compare financial advisor salaries between Faribault, MN and Minneapolis, MN. All figures are 2026 estimates projected from BLS 2025 data.
Side-by-Side Comparison
| Metric | Faribault, MN | Minneapolis, MN |
|---|---|---|
| Median Salary | $80,386 | $106,823▲ |
| Hourly Rate | $38.64 | $51.35▲ |
| Entry Level (P10) | $46,623 | $49,088▲ |
| 25th Percentile | $57,878 | $78,353▲ |
| 75th Percentile | $102,894 | $173,275▲ |
| Top Earner (P90) | $124,598 | $328,907▲ |
| Total Employed | 6 | 4,150▲ |
Verdict
Minneapolis, MN offers better overall compensation for financial advisors, winning 4 out of 4 metrics compared to Faribault.
The salary gap between Faribault and Minneapolis is $26,437 (32.89%). Minneapolis's median is -1.58% compared to the US national median of $108,537.
Salary Range Comparison
The full salary range (10th to 90th percentile) in Faribault spans $77,975,Minneapolis spans $279,819. Minneapolis has a wider pay range, suggesting more variation in pay between entry-level and experienced financial advisors.
Cost-of-Living Adjusted Comparison
After cost-of-living adjustment, Minneapolis ($101,909 effective) pays 24.87% more than Faribault ($81,610 effective).
Cost-of-living adjustment: salary × (100 / CoL index). Index of 100 = national average.
Which City Is Right for You?
Choose Faribault if…
- ✓You prefer the Minnesota area and lifestyle
Choose Minneapolis if…
- ✓Higher median salary ($106,823/year)
- ✓Better top-earner potential ($328,907)
- ✓Larger job market (4,150 employed)
- ✓Better purchasing power (CoL-adjusted: $101,909)
- ✓You prefer the Minnesota area and lifestyle
Historical Salary Growth Comparison
Based on BLS OEWS metropolitan area data, financial advisor salaries in Faribault grew -22.6% from 2024 to 2025, compared to 24.6% growth in Minneapolis over the same period.
Faribault, MN
$100,489 (2024) → $77,818 (2025)
Minneapolis, MN
$82,970 (2019) → $103,410 (2025)
View Full Salary Data
Faribault, MN
Minneapolis, MN
Frequently Asked Questions
Which city pays financial advisors more: Faribault or Minneapolis?
What is the hourly rate difference between Faribault and Minneapolis?
Should I relocate from Faribault to Minneapolis as a financial advisor?
What do entry-level financial advisors earn in Faribault vs Minneapolis?
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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