Financial Advisor Hourly Pay in Draper, UT: $32.15 (2026)
Quick Answer:Hourly pay for a financial advisor working in Draper, UT runs $32.15 at the median for 2026 — annualizing to $66,868 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Draper's regional price level (BEA RPP 98.1, 2% below national), each hour of work buys what $32.77 nationally would. A 24-hour part-time schedule grosses $40,119 per year.
Based on BLS state-level estimates · View source
In Draper, Utah, financial advisors earn a median hourly pay of $32.15, which is significantly lower than the national hourly median of $52.18. This disparity may impact various working arrangements including part-time and per-diem roles. Advisors who maintain a part-time schedule, working three days a week, may find their compensation affects their overall financial stability given the wage landscape. The hourly rate for financial advisors in Draper ranges from $18.65 for entry-level positions to $49.83 for top earners, providing a broad framework for those entering the profession or seeking to advance their career. Typical environments where these professionals operate include wirehouse branch offices, independent advisory firms, and even virtual planning meetings, demonstrating the versatility and accessibility of this work model in an evolving financial services market.
About the Draper Market
Salary estimated from Utah average ($92,000) adjusted for local cost of living.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $18.65 | $149.17 |
| Lower Range (P25) | $23.15 | $185.20 |
| Median (P50) | $32.15 | $257.18 |
| Upper Range (P75) | $41.15 | $329.24 |
| Top Earners (P90) | $49.83 | $398.66 |
Estimated Annual Income by Work Schedule in Draper
Based on $32.15/hr median hourly rate · 2026 est.
At $32.15/hr, a financial advisor working full-time (40 hr/wk) in Draper, UT can expect to earn approximately $66,866 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $38,576. With a cost-of-living index of 98.10 (below the national average), these earnings stretch further in Draper.
Hourly Rate Calculator
Schedule Comparison in Draper
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,285.88 | $5,572 | $66,866 |
| Part-Time (24 hrs) | $771.53 | $3,343 | $40,119 |
| Per Diem (16 hrs) | $514.35 | $2,229 | $26,746 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Draper) | $32.15 |
| 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 Draper, UT earn a median of $66,868 per year (2026 est.), which is 38.39% lower than the national median of $108,537 and 0.30% below the Utah state average of $67,069.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $32.15/hr = $40,119/year (purchasing power: $40,896).
Working 40h/week (full-time) = $66,866/year (purchasing power: $68,161).
CoL index: 98.1 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$26.02/hr
2025 BLS Actual
$31.12/hr
2026 Current Est.
$32.15/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Draper (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $26.02/hr | Actual |
| 2020 | $26.46/hr | Actual |
| 2021 | $27.89/hr | Actual |
| 2022 | $28.25/hr | Actual |
| 2023 | $29.49/hr | Actual |
| 2024 | $43.28/hr | Actual |
| 2025 | $31.12/hr | Actual |
| 2026(current) | $32.15/hr | Estimated |
| 2027 | $33.21/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Draper grew 19.6% from $26.02/hr (2019) to $31.12/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $33.21/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 Draper 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 Draper
For part-time financial advisors in Draper, achieving a sustainable income can be challenging compared to full-time practitioners. A financial advisor working 24 hours per week could anticipate an annual income significantly lower than their full-time counterparts, which, while manageable, might not suffice for those facing higher living costs. Furthermore, the per diem financial advisor pay structure remains less common at junior levels, though experienced advisors can command substantial fees for one-off services, with project-based financial plans ranging from $3,000 to $15,000. The hourly pay varies widely across employer types; for example, wirehouses like Morgan Stanley and boutique RIAs often pay different hourly rates, influenced by their compensation structures. Advisors may choose to accept lower pay in exchange for benefits such as health insurance, which can create trade-offs between hourly wage and total compensation. Negotiating an hourly rate in this city involves understanding the local market, emphasizing the value of unique expertise or specialization, and being prepared to discuss fee structures in alignment with industry standards.
More salary data for Draper, UT:
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 Draper. 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 Draper 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