Financial Advisor Salary in Florence, AL: $74,366 (2026)
Quick Answer:A full-time financial advisor in Florence, AL earns a median $74,366/year (≈ $35.75/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Florence's price level (15% below national, BEA RPP 84.8), that paycheck buys what $87,678 would nationally. Nominal pay sits 6.8% below the Alabama state average.
Official BLS data · View source
In 2026, financial advisors in Florence, Alabama, can expect a median annual salary of $74,366, a figure that reflects the growing demand for qualified professionals amid the rise of fee-only fiduciary practices. This salary stands in stark contrast to the national median of $108,537, indicating that financial advisor pay in Florence AL is notably lower, with a range from $37,705 at the 10th percentile to $148,545 at the 90th percentile. Derived from 2025 BLS OEWS data and projected forward, these numbers highlight the area's evolving job market, driven largely by the preference for certified Financial Planner (CFP) professionals who can cater to sophisticated financial planning needs.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $37,705 | $18.13 |
| Lower Range (P25) | $46,712 | $22.46 |
| Median (P50)(typical) | $74,366 | $35.75 |
| Upper Range (P75) | $101,399 | $48.75 |
| Top Earners (P90) | $148,545 | $71.41 |
Median Salary Position
31.48% below the national average
2026 Salary Percentile Distribution in Florence
In Florence, AL, the financial advisor salary spread from the 10th to 90th percentile is $110,840 (2026 est.). At $74,366, the local median is 31.48% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Florence: You'd be in the lower-middle range
How Florence Financial Advisor Pay Compares
Florence median: $74,366/year (2026)
| Compared To | Median Salary | Florence Pays |
|---|---|---|
| Alabama Average | $79,791 | -6.80% less |
| National Average | $108,537 | -31.48% less |
Financial Advisors in Florence, AL earn a median of $74,366 per year (2026 est.), which is 31.48% lower than the national median of $108,537 and 6.80% below the Alabama state average of $79,791.
Cost-of-Living Adjusted Salary
Florence has a cost of living 15.18% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Florence, AL has a cost-of-living index of 84.817 (below the national average of 100). A financial advisor earning $74,366 nominally has purchasing power equivalent to $87,678 in an average-cost city — an effective 17.9% boost.
Compare Purchasing Power
Select a city to see how your salary compares after cost of living
Select a city above to compare purchasing power
2019 BLS Actual
$60,192
2025 BLS Actual
$71,990
2026 Current Est.
$74,366
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Florence (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $60,192 | Actual |
| 2020 | $61,206 | Actual |
| 2021 | $96,340 | Actual |
| 2022 | $48,990 | Actual |
| 2023 | $68,228 | Actual |
| 2024 | $79,990 | Actual |
| 2025 | $71,990 | Actual |
| 2026(current) | $74,366 | Estimated |
| 2027 | $76,820 | Projected |
Based on 7 years of BLS OEWS data for the Florence metropolitan area, the median financial advisor salary grew 19.6% from $60,192 (2019) to $71,990 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $76,820 by 2027 — a total increase of $16,628 (27.62%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Florence 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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $37,705 – $46,712 |
| 3-5 years (Mid Career) | $46,712 – $74,366 |
| 5+ years (Experienced) | $74,366 – $101,399 |
| 10+ years (Top Earner) | $101,399 – $148,545 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Florence
With approximately 50 financial advisors employed locally, Florence's job market remains competitive despite the comparatively lower financial advisor salary in Florence. The area boasts a cost of living index at 84.817, suggesting that residents can enjoy a better take-home purchasing power relative to higher-cost metropolitan areas. Major employers include both wirehouses and independent broker-dealers, yet positions at Registered Investment Advisors tend to offer the highest compensation. Variability in compensation arises from factors like assets under management (AUM) and client demographics, meaning advisors with a high net worth clientele or a robust book of business can command a significant pay premium. To maximize income potential in Florence, financial advisors should consider pursuing diverse credentialing opportunities, such as obtaining a CFP designation, and actively cultivating high-value client relationships.
More salary data for Florence, AL:
Frequently Asked Questions
How much do financial advisors make in Florence, AL in 2026?
Is Florence, AL a good place to work as a financial advisor?
Can financial advisors make $100K in Florence?
What is the cost-of-living adjusted financial advisor salary in Florence?
How much does a financial advisor make per hour in Florence?
Related Pages
Compare Salaries
Career Resources
Nearby Cities in Alabama
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
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $71,990 for financial advisorsin the Florence metropolitan area. A 3.30% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Source: BLS, OEWS, 4-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