Financial Advisor Salary in Homestead, FL: $97,906 (2026)
Quick Answer:A full-time financial advisor in Homestead, FL earns a median $97,906/year (≈ $47.07/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Homestead's price level (1% above national, BEA RPP 100.8), that paycheck buys what $97,129 would nationally. Nominal pay sits 1.4% below the Florida state average.
Based on BLS state-level estimates · View source
In 2026, the financial advisor salary in Homestead, Florida, is projected to reach a median of $97,906, reflecting a competitive compensation landscape despite being below the national median of $108,537. The salary range for financial advisors in the area varies significantly, with the lowest 10% earning approximately $56,785, while the top 10% can exceed $151,754. These figures originate from estimates derived from 2025 BLS data, adjusted for local economic factors such as the cost of living, which is slightly above the national average at an index of 100.8. Given Homestead’s unique economic conditions, the transition to independent practices can enhance long-term earning potential, making the area an intriguing market for both new and experienced financial advisors.
About the Homestead Market
Salary estimated from Florida average ($108,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $56,785 | $27.30 |
| Lower Range (P25) | $70,492 | $33.89 |
| Median (P50)(typical) | $97,906 | $47.07 |
| Upper Range (P75) | $125,319 | $60.25 |
| Top Earners (P90) | $151,754 | $72.96 |
Median Salary Position
9.79% below the national average
2026 Salary Percentile Distribution in Homestead
In Homestead, FL, the financial advisor salary spread from the 10th to 90th percentile is $94,969 (2026 est.). At $97,906, the local median is 9.79% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Homestead: You'd be in the lower-middle range
How Homestead Financial Advisor Pay Compares
Homestead median: $97,906/year (2026)
| Compared To | Median Salary | Homestead Pays |
|---|---|---|
| Florida Average | $99,296 | -1.40% less |
| National Average | $108,537 | -9.79% less |
Financial Advisors in Homestead, FL earn a median of $97,906 per year (2026 est.), which is 9.79% lower than the national median of $108,537 and 1.40% below the Florida state average of $99,296.
Cost-of-Living Adjusted Salary
Homestead has a cost of living 0.80% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Homestead, FL has a cost-of-living index of 100.8 (above the national average of 100). While the nominal salary of $97,906 is competitive, the higher cost of living reduces purchasing power to an effective $97,129 — a 0.79% reduction.
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2019 BLS Actual
$79,245
2025 BLS Actual
$94,778
2026 Current Est.
$97,906
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Homestead (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $79,245 | Actual |
| 2020 | $80,580 | Actual |
| 2021 | $84,946 | Actual |
| 2022 | $86,046 | Actual |
| 2023 | $89,826 | Actual |
| 2024 | $107,288 | Actual |
| 2025 | $94,778 | Actual |
| 2026(current) | $97,906 | Estimated |
| 2027 | $101,137 | Projected |
Based on 7 years of BLS OEWS data for the Homestead metropolitan area, the median financial advisor salary grew 19.6% from $79,245 (2019) to $94,778 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $101,137 by 2027 — a total increase of $21,892 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Homestead 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) | $56,785 – $70,492 |
| 3-5 years (Mid Career) | $70,492 – $97,906 |
| 5+ years (Experienced) | $97,906 – $125,319 |
| 10+ years (Top Earner) | $125,319 – $151,754 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Homestead
With only 14 financial advisors currently employed in Homestead, the local job market remains relatively small but stable, suggesting a tight-knit professional community. This constrained market is reflected in the cost-of-living index, which influences take-home purchasing power for financial advisor pay in Homestead, FL. Employers across various sectors—including wirehouses like Merrill Lynch and independent broker-dealers such as LPL—play distinct roles in shaping compensation. Factors such as assets under management (AUM) and the fee model adopted significantly impact salaries within the region. Advisors who build their credentials, particularly those earning CFP or CFA designations, typically command higher fees and attract high-net-worth clients. Additionally, strategies such as leveraging breakaway transition packages from wirehouses and pursuing independent RIA status can lead to substantial income growth.
More salary data for Homestead, FL:
Frequently Asked Questions
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Can financial advisors make $100K in Homestead?
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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 $94,778 for financial advisorsin the Homestead 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 Homestead 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