Financial Advisor Salary in Lakeland, FL: $83,756 (2026)
Quick Answer:A full-time financial advisor in Lakeland, FL earns a median $83,756/year (≈ $40.27/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Lakeland's price level (3% below national, BEA RPP 97.1), that paycheck buys what $86,221 would nationally. Nominal pay sits 15.7% below the Florida state average.
Official BLS data · View source
In 2026, financial advisors in Lakeland, Florida, are projected to earn a median annual salary of $83,756. This compensation reflects a considerable gap when compared to the national median of $108,537, indicating a difference of about 22.83%. Additionally, salaries in the city can vary significantly, with entry-level advisors (P10) earning around $45,380, while top earners (P90) can achieve salaries as high as $250,120. The data provided derives from comprehensive research through the official Bureau of Labor Statistics (BLS) OEWS surveys, pointing to the dynamic nature of financial advisory roles in the Lakeland job market and the increasing importance of understanding local economic factors.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $45,380 | $21.82 |
| Lower Range (P25) | $60,028 | $28.86 |
| Median (P50)(typical) | $83,756 | $40.27 |
| Upper Range (P75) | $150,601 | $72.40 |
| Top Earners (P90) | $250,120 | $120.25 |
Median Salary Position
22.83% below the national average
2026 Salary Percentile Distribution in Lakeland
In Lakeland, FL, the financial advisor salary spread from the 10th to 90th percentile is $204,740 (2026 est.). At $83,756, the local median is 22.83% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Lakeland: You'd be in the entry-level range
How Lakeland Financial Advisor Pay Compares
Lakeland median: $83,756/year (2026)
| Compared To | Median Salary | Lakeland Pays |
|---|---|---|
| Florida Average | $99,354 | -15.70% less |
| National Average | $108,537 | -22.83% less |
Financial Advisors in Lakeland, FL earn a median of $83,756 per year (2026 est.), which is 22.83% lower than the national median of $108,537 and 15.70% below the Florida state average of $99,354.
Cost-of-Living Adjusted Salary
Lakeland has a cost of living 2.86% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Lakeland, FL has a cost-of-living index of 97.141 (below the national average of 100). A financial advisor earning $83,756 nominally has purchasing power equivalent to $86,221 in an average-cost city — an effective 2.94% boost.
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2019 BLS Actual
$67,792
2025 BLS Actual
$81,080
2026 Current Est.
$83,756
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Lakeland (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $67,792 | Actual |
| 2020 | $78,750 | Actual |
| 2021 | $60,050 | Actual |
| 2022 | $59,990 | Actual |
| 2023 | $60,100 | Actual |
| 2024 | $75,920 | Actual |
| 2025 | $81,080 | Actual |
| 2026(current) | $83,756 | Estimated |
| 2027 | $86,520 | Projected |
Based on 7 years of BLS OEWS data for the Lakeland metropolitan area, the median financial advisor salary grew 19.6% from $67,792 (2019) to $81,080 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $86,520 by 2027 — a total increase of $18,728 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Lakeland 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) | $45,380 – $60,028 |
| 3-5 years (Mid Career) | $60,028 – $83,756 |
| 5+ years (Experienced) | $83,756 – $150,601 |
| 10+ years (Top Earner) | $150,601 – $250,120 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Lakeland
The local market for financial advisors in Lakeland consists of approximately 190 professionals actively engaged in various sectors, from wirehouses to independent RIAs. The cost of living index stands at 97.141, well below the national average, suggesting that financial advisor pay in Lakeland, FL, allows for a reasonably strong purchasing power locally. Typically, larger firms like Morgan Stanley and Merrill Lynch offer the highest compensation packages, particularly for established advisors with significant books of business. Differences in salary can largely be attributed to asset under management, fee structures, and credentialing, where advisors armed with CFP or CFA designations can command higher fees. For those looking to maximize their financial advisor salary in Lakeland, focusing on building a robust client base, considering the switch to an independent model, and securing higher-value clients are essential strategies. With the financial advisory landscape shifting towards more fee-based fiduciary roles, this approach may foster long-term financial success.
More salary data for Lakeland, FL:
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 $81,080 for financial advisorsin the Lakeland 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, 6-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