Financial Advisor Salary in Madison, AL: $77,824 (2026)
Quick Answer:A full-time financial advisor in Madison, AL earns a median $77,824/year (≈ $37.42/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Madison's price level (12% below national, BEA RPP 87.9), that paycheck buys what $88,537 would nationally. Nominal pay sits 2.5% below the Alabama state average.
Based on BLS state-level estimates · View source
In 2026, the average financial advisor salary in Madison is projected to reach $77,824, a figure that reflects local market dynamics and cost-of-living adjustments. The earnings can vary significantly, with a range stretching from $45,138 at the 10th percentile to $120,628 at the 90th percentile. These estimates, derived from BLS state-level data, highlight the ongoing economic shifts and the growing opportunities for independent advisors who break away from traditional wirehouse models. In a city like Madison, such transitions may reshape long-term compensation trajectories for financial professionals, as independence often leads to enhanced earning potential over time, particularly as client relationships and assets under management grow.
About the Madison Market
Salary estimated from Alabama average ($82,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $45,138 | $21.70 |
| Lower Range (P25) | $56,033 | $26.94 |
| Median (P50)(typical) | $77,824 | $37.42 |
| Upper Range (P75) | $99,615 | $47.89 |
| Top Earners (P90) | $120,628 | $57.99 |
Median Salary Position
28.3% below the national average
2026 Salary Percentile Distribution in Madison
In Madison, AL, the financial advisor salary spread from the 10th to 90th percentile is $75,490 (2026 est.). At $77,824, the local median is 28.3% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Madison: You'd be in the lower-middle range
How Madison Financial Advisor Pay Compares
Madison median: $77,824/year (2026)
| Compared To | Median Salary | Madison Pays |
|---|---|---|
| Alabama Average | $79,820 | -2.50% less |
| National Average | $108,537 | -28.30% less |
Financial Advisors in Madison, AL earn a median of $77,824 per year (2026 est.), which is 28.30% lower than the national median of $108,537 and 2.50% below the Alabama state average of $79,820.
Cost-of-Living Adjusted Salary
Madison has a cost of living 12.10% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Madison, AL has a cost-of-living index of 87.9 (below the national average of 100). A financial advisor earning $77,824 nominally has purchasing power equivalent to $88,537 in an average-cost city — an effective 13.77% boost.
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2019 BLS Actual
$62,991
2025 BLS Actual
$75,338
2026 Current Est.
$77,824
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Madison (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $62,991 | Actual |
| 2020 | $64,052 | Actual |
| 2021 | $67,522 | Actual |
| 2022 | $68,397 | Actual |
| 2023 | $71,402 | Actual |
| 2024 | $70,275 | Actual |
| 2025 | $75,338 | Actual |
| 2026(current) | $77,824 | Estimated |
| 2027 | $80,392 | Projected |
Based on 7 years of BLS OEWS data for the Madison metropolitan area, the median financial advisor salary grew 19.6% from $62,991 (2019) to $75,338 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $80,392 by 2027 — a total increase of $17,401 (27.62%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Madison 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) | $45,138 – $56,033 |
| 3-5 years (Mid Career) | $56,033 – $77,824 |
| 5+ years (Experienced) | $77,824 – $99,615 |
| 10+ years (Top Earner) | $99,615 – $120,628 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Madison
Despite having only nine financial advisors currently employed in Madison, the local job market reflects a stable but modest demand. The cost-of-living index stands at 87.9, suggesting that financial advisor pay in Madison, AL stretches further than in many other regions. Firms such as Morgan Stanley and UBS may offer higher salaries due to their larger client bases and established operational infrastructures, yet independent broker-dealers and RIAs often present competitive compensation through asset-based fee models. The disparity in salaries across different employment types arises from factors like average assets under management and client concentration. Advisors who cultivate high-net-worth clients or hold esteemed credentials like the CFP may command higher salaries. To maximize pay in Madison's market, focusing on niche services, developing strong client relationships, and considering independent practice opportunities could offer a pathway to greater financial success.
More salary data for Madison, AL:
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
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 $75,338 for financial advisorsin the Madison 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
Salary data for Madison 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