Financial Advisor Hourly Pay in Rochester, MN: $47.32 (2026)
Quick Answer:Hourly pay for a financial advisor working in Rochester, MN runs $47.32 at the median for 2026 — annualizing to $98,424 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Rochester's regional price level (BEA RPP 90.8, 9% below national), each hour of work buys what $52.10 nationally would. A 24-hour part-time schedule grosses $59,058 per year.
Official BLS data · View source
In Rochester, Minnesota, the financial advisor hourly pay stands at a median of $47.32, which is notably lower than the national hourly median of $52.18. This reflects the local market's conditions, where financial advisors work in various settings, such as wirehouse branch offices, Registered Investment Advisor (RIA) conference rooms, and client homes for high-net-worth individuals. The hourly rates vary significantly, ranging from $22.54 for entry-level positions to a high of $146.87 for top earners, demonstrating the potential for lucrative compensation depending on experience and clientele. BLS estimates based on 2025 data, projected to 2026, indicate that the Rochester area employs about 110 financial advisors, whose work environments also include insurance agency offices and virtual planning meetings.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $22.54 | $180.32 |
| Lower Range (P25) | $30.75 | $246.02 |
| Median (P50) | $47.32 | $378.57 |
| Upper Range (P75) | $100.71 | $805.66 |
| Top Earners (P90) | $146.87 | $1174.98 |
Estimated Annual Income by Work Schedule in Rochester
Based on $47.32/hr median hourly rate · 2026 est.
At $47.32/hr, a financial advisor working full-time (40 hr/wk) in Rochester, MN can expect to earn approximately $98,429 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $56,786. With a cost-of-living index of 90.82 (below the national average), these earnings stretch further in Rochester.
Hourly Rate Calculator
Schedule Comparison in Rochester
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,892.87 | $8,202 | $98,429 |
| Part-Time (24 hrs) | $1,135.72 | $4,921 | $59,058 |
| Per Diem (16 hrs) | $757.15 | $3,281 | $39,372 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Rochester) | $47.32 |
| 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 Rochester, MN earn a median of $98,424 per year (2026 est.), which is 9.32% lower than the national median of $108,537 and 15.70% above the Minnesota state average of $85,068.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $47.32/hr = $59,058/year (purchasing power: $65,026).
Working 40h/week (full-time) = $98,429/year (purchasing power: $108,377).
CoL index: 90.821 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$37.43/hr
2025 BLS Actual
$45.81/hr
2026 Current Est.
$47.32/hr
2019–2027 Growth
+30.6%
Hourly Rate Trajectory for Financial Advisors in Rochester (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $37.43/hr | Actual |
| 2020 | $38.95/hr | Actual |
| 2021 | $37.30/hr | Actual |
| 2022 | $46.81/hr | Actual |
| 2023 | $47.52/hr | Actual |
| 2024 | $49.62/hr | Actual |
| 2025 | $45.81/hr | Actual |
| 2026(current) | $47.32/hr | Estimated |
| 2027 | $48.88/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Rochester grew 22.4% from $37.43/hr (2019) to $45.81/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $48.88/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 Rochester 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 Rochester
The earning potential for part-time financial advisors in Rochester can be attractive, especially for those working an average of 24 hours a week. Such an advisor can expect to make approximately $59,000 per year, differing greatly from full-time colleagues. Per-diem or agency opportunities remain less common among novice advisors, but seasoned fiduciaries may charge project rates between $3,000 and $15,000 for comprehensive planning services. Variation in hourly rates can result from the type of employer—whether wirehouses like Morgan Stanley and Merrill Lynch, independent broker-dealers such as LPL and Cetera, or smaller RIAs and insurance-affiliated firms. Advisors often weigh the benefits of higher hourly rates against health insurance options offered by larger firms. Those considering hourly work in this competitive marketplace may find success emphasizing their specialized skills and industry certifications during negotiations, ensuring they secure fair compensation within the dynamic financial landscape of Rochester, MN.
More salary data for Rochester, 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 Rochester. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Source: BLS, OEWS, 6-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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