Financial Advisor Salary in Simi Valley, CA: $119,083 (2026)
Quick Answer:A full-time financial advisor in Simi Valley, CA earns a median $119,083/year (≈ $57.25/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Simi Valley's price level (13% above national, BEA RPP 113.1), that paycheck buys what $105,290 would nationally. Nominal pay sits 3.3% above the California state average.
Based on BLS state-level estimates · View source
In Simi Valley, California, financial advisors can expect a median annual salary of $119,083 in 2026, reflecting a growth trend that positions local compensation 9.72% above the national average of $108,537. The salary range for this profession in the area is considerable, spanning from $69,068 at the 10th percentile to $184,579 at the 90th percentile. These figures are derived from projections based on 2025 BLS Occupational Employment Statistics data alongside adjustments for regional cost factors. This competitive salary illustrates the city's vibrant financial advisory market, which is increasingly attractive for experienced professionals, especially those considering a transition to independent practice.
About the Simi Valley Market
Salary estimated from California average ($140,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $69,068 | $33.21 |
| Lower Range (P25) | $85,740 | $41.22 |
| Median (P50)(typical) | $119,083 | $57.25 |
| Upper Range (P75) | $152,426 | $73.28 |
| Top Earners (P90) | $184,579 | $88.73 |
Median Salary Position
9.72% above the national average
2026 Salary Percentile Distribution in Simi Valley
In Simi Valley, CA, the financial advisor salary spread from the 10th to 90th percentile is $115,511 (2026 est.). At $119,083, the local median is 9.72% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Simi Valley: You'd be in the lower-middle range
How Simi Valley Financial Advisor Pay Compares
Simi Valley median: $119,083/year (2026)
| Compared To | Median Salary | Simi Valley Pays |
|---|---|---|
| California Average | $115,279 | +3.30% more |
| National Average | $108,537 | +9.72% more |
Financial Advisors in Simi Valley, CA earn a median of $119,083 per year (2026 est.), which is 9.72% higher than the national median of $108,537 and 3.30% above the California state average of $115,279.
Cost-of-Living Adjusted Salary
Simi Valley has a cost of living 13.10% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Simi Valley, CA has a cost-of-living index of 113.1 (above the national average of 100). While the nominal salary of $119,083 is competitive, the higher cost of living reduces purchasing power to an effective $105,290 — a 11.58% reduction.
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2019 BLS Actual
$96,386
2025 BLS Actual
$115,279
2026 Current Est.
$119,083
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Simi Valley (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $96,386 | Actual |
| 2020 | $98,010 | Actual |
| 2021 | $103,320 | Actual |
| 2022 | $104,658 | Actual |
| 2023 | $109,256 | Actual |
| 2024 | $163,589 | Actual |
| 2025 | $115,279 | Actual |
| 2026(current) | $119,083 | Estimated |
| 2027 | $123,013 | Projected |
Based on 7 years of BLS OEWS data for the Simi Valley metropolitan area, the median financial advisor salary grew 19.6% from $96,386 (2019) to $115,279 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $123,013 by 2027 — a total increase of $26,627 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Simi Valley 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) | $69,068 – $85,740 |
| 3-5 years (Mid Career) | $85,740 – $119,083 |
| 5+ years (Experienced) | $119,083 – $152,426 |
| 10+ years (Top Earner) | $152,426 – $184,579 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Simi Valley
The job market for financial advisors in Simi Valley remains steady with 23 professionals currently employed in the field. However, the local cost of living, indicated by a cost-of-living index of 113.1, may impact take-home earnings. Major employers such as wirehouses like Morgan Stanley and advisors from firms like LPL Financial offer varying salaries, influenced heavily by assets under management, client concentration, and fee structures. While wirehouses typically adhere to commission models that can create wider pay disparities, RIAs often provide stability through AUM-based compensation, which can significantly elevate earnings, especially for those maintaining high-net-worth client bases. To maximize potential income in Simi Valley, financial advisors should focus on obtaining advanced qualifications, like the CFP designation, which can enhance credibility and ultimately lead to higher-paying opportunities within both wirehouse and independent settings.
More salary data for Simi Valley, CA:
Frequently Asked Questions
How much do financial advisors make in Simi Valley, CA in 2026?
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Can financial advisors make $100K in Simi Valley?
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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 $115,279 for financial advisorsin the Simi Valley 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 Simi Valley 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