Financial Advisor Hourly Pay in Scarborough, ME: $49.58 (2026)
Quick Answer:Hourly pay for a financial advisor working in Scarborough, ME runs $49.58 at the median for 2026 — annualizing to $103,142 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Scarborough's regional price level (BEA RPP 99.6, 0% above national), each hour of work buys what $49.78 nationally would. A 24-hour part-time schedule grosses $61,881 per year.
Based on BLS state-level estimates · View source
In Scarborough, Maine, the financial advisor hourly pay stands at $49.58, a figure that's slightly below the national median of $52.18. This rate offers appealing prospects for part-time and per-diem roles, which are ideal for professionals seeking flexibility. Financial advisors in this area typically work in diverse settings ranging from wirehouse branch offices to insurance agency spaces, as well as leveraging remote technology for client meetings. The hourly compensation can vary significantly, with entry-level advisors earning around $28.76, while seasoned professionals can command up to $76.87 per hour. Given the projected growth of 3.30% annually, Scarborough’s financial advisor landscape remains inviting for both newcomers and experienced professionals, especially in an evolving industry that increasingly values diversified skills.
About the Scarborough Market
Salary estimated from Maine average ($92,000) adjusted for local cost of living.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $28.76 | $230.07 |
| Lower Range (P25) | $36.35 | $290.81 |
| Median (P50) | $49.58 | $396.67 |
| Upper Range (P75) | $63.47 | $507.74 |
| Top Earners (P90) | $76.87 | $614.92 |
Estimated Annual Income by Work Schedule in Scarborough
Based on $49.58/hr median hourly rate · 2026 est.
At $49.58/hr, a financial advisor working full-time (40 hr/wk) in Scarborough, ME can expect to earn approximately $103,135 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $59,501. With a cost-of-living index of 99.60 (below the national average), these earnings stretch further in Scarborough.
Hourly Rate Calculator
Schedule Comparison in Scarborough
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,983.36 | $8,595 | $103,135 |
| Part-Time (24 hrs) | $1,190.02 | $5,157 | $61,881 |
| Per Diem (16 hrs) | $793.34 | $3,438 | $41,254 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Scarborough) | $49.58 |
| Financial Analyst (National Avg) | $47.61 |
| Accountant / Auditor (National Avg) | $39.88 |
| Insurance Sales Agent (National Avg) | $29.02 |
| Securities / Commodities Sales Agent (National Avg) | $35.30 |
Financial Advisors in Scarborough, ME earn a median of $103,142 per year (2026 est.), which is 4.97% lower than the national median of $108,537 and 4.60% below the Maine state average of $108,115.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $49.58/hr = $61,881/year (purchasing power: $62,129).
Working 40h/week (full-time) = $103,135/year (purchasing power: $103,549).
CoL index: 99.6 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$40.13/hr
2025 BLS Actual
$48.00/hr
2026 Current Est.
$49.58/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Scarborough (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $40.13/hr | Actual |
| 2020 | $40.81/hr | Actual |
| 2021 | $43.02/hr | Actual |
| 2022 | $43.58/hr | Actual |
| 2023 | $45.49/hr | Actual |
| 2024 | $42.03/hr | Actual |
| 2025 | $48.00/hr | Actual |
| 2026(current) | $49.58/hr | Estimated |
| 2027 | $51.22/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Scarborough grew 19.6% from $40.13/hr (2019) to $48.00/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $51.22/hr by 2027. Part-time and per-diem financial advisors can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Scarborough 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.
Working as an Hourly Financial Advisor in Scarborough
When considering part-time work, a financial advisor in Scarborough could expect to earn a reasonable income working three days a week, amounting to around $62,080 annually based on 24 hours of work each week. This is still competitive, especially when paired with the potential for per-diem assignments, although such arrangements are less common at junior levels. Experienced advisors often pivot towards project-based consulting, charging substantial fees for detailed financial plans, typically ranging from $3,000 to $15,000, and retainers for smaller businesses can be between $5,000 and $25,000 annually. The type of employer influences hourly rates significantly; for instance, wirehouses might provide stability with lower hourly rates and benefits, while independent broker-dealers and RIAs frequently offer higher hourly compensation with fewer benefits. Advisors in Scarborough should consider the trade-offs of hourly pay versus benefits when negotiating their compensation and strive to understand the prevailing rates across different firms to effectively position themselves.
More salary data for Scarborough, ME:
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
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 3.30% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for financial advisors in Scarborough. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Salary data for Scarborough 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