Financial Advisor Hourly Pay in Inver Grove Heights, MN: $40.11 (2026)
Quick Answer:Hourly pay for a financial advisor working in Inver Grove Heights, MN runs $40.11 at the median for 2026 — annualizing to $83,421 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Inver Grove Heights's regional price level (BEA RPP 98.5, 1% below national), each hour of work buys what $40.72 nationally would. A 24-hour part-time schedule grosses $50,059 per year.
Based on BLS state-level estimates · View source
In Inver Grove Heights, financial advisors earn a median hourly rate of $40.11, which falls notably below the national median of $52.18. This wage can significantly impact part-time workers, such as those who may choose to operate only three days a week. For these advisors, working an average of 24 hours weekly, their potential earnings can be limited compared to those in full-time positions. The hourly range for financial advisors here varies from $23.26 for entry-level positions to as high as $62.17 for top earners. In environments like wirehouse branch offices, insurance agency offices, and remote planning meetings, these professionals often find themselves balancing diverse client needs and fee structures anchored in hourly pay.
About the Inver Grove Heights Market
Salary estimated from Minnesota average ($108,000) adjusted for local cost of living.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $23.26 | $186.11 |
| Lower Range (P25) | $28.87 | $230.98 |
| Median (P50) | $40.11 | $320.89 |
| Upper Range (P75) | $51.34 | $410.72 |
| Top Earners (P90) | $62.17 | $497.33 |
Estimated Annual Income by Work Schedule in Inver Grove Heights
Based on $40.11/hr median hourly rate · 2026 est.
At $40.11/hr, a financial advisor working full-time (40 hr/wk) in Inver Grove Heights, MN can expect to earn approximately $83,432 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $48,134. With a cost-of-living index of 98.50 (below the national average), these earnings stretch further in Inver Grove Heights.
Hourly Rate Calculator
Schedule Comparison in Inver Grove Heights
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,604.46 | $6,953 | $83,432 |
| Part-Time (24 hrs) | $962.67 | $4,172 | $50,059 |
| Per Diem (16 hrs) | $641.78 | $2,781 | $33,373 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Inver Grove Heights) | $40.11 |
| 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 Inver Grove Heights, MN earn a median of $83,421 per year (2026 est.), which is 23.14% lower than the national median of $108,537 and 2.00% below the Minnesota state average of $85,123.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $40.11/hr = $50,059/year (purchasing power: $50,821).
Working 40h/week (full-time) = $83,432/year (purchasing power: $84,702).
CoL index: 98.5 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$32.47/hr
2025 BLS Actual
$38.83/hr
2026 Current Est.
$40.11/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Inver Grove Heights (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $32.47/hr | Actual |
| 2020 | $33.01/hr | Actual |
| 2021 | $34.80/hr | Actual |
| 2022 | $35.25/hr | Actual |
| 2023 | $36.80/hr | Actual |
| 2024 | $50.14/hr | Actual |
| 2025 | $38.83/hr | Actual |
| 2026(current) | $40.11/hr | Estimated |
| 2027 | $41.44/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Inver Grove Heights grew 19.6% from $32.47/hr (2019) to $38.83/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $41.44/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 Inver Grove Heights 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 Inver Grove Heights
Part-time financial advisors in Inver Grove Heights working 24 hours weekly can expect to take home around $49,000 annually, providing a more modest income compared to their full-time counterparts. For those pursuing per-diem opportunities, such as consulting on comprehensive financial plans that can range between $3,000 and $15,000, the pay dynamics shift considerably. Typically, entry-level roles may not offer per-diem positions, while seasoned fiduciary advisors can command higher fees for specialized services, particularly in retirement planning for businesses, where retainers can be valued from $5,000 to $25,000. Hourly rates also depend on employment types; advisors at wirehouses and independent broker-dealers might earn less hourly but receive benefits, whereas those in RIAs or solo practices might demand higher rates without the safety net of employer-offered health benefits. When negotiating working conditions, advisors should consider their long-term goals and personal needs, as compensation structures can greatly vary across different employer models in Inver Grove Heights.
More salary data for Inver Grove Heights, MN:
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 Inver Grove Heights. 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 Inver Grove Heights 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