Financial Advisor Salary in Addison, IL: $114,758 (2026)
Quick Answer:A full-time financial advisor in Addison, IL earns a median $114,758/year (≈ $55.17/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Addison's price level (3% below national, BEA RPP 97.1), that paycheck buys what $118,185 would nationally. Nominal pay sits 1.1% below the Illinois state average.
Based on BLS state-level estimates · View source
In Addison, IL, financial advisors are projected to earn a median annual salary of $114,758 in 2026, slightly surpassing the national median of $108,537. The salary range for this occupation spans from $66,559 at the P10 level to $177,875 at the P90 threshold, indicating a robust potential for earnings based on experience, clientele, and the advisory model employed. Local estimates, informed by BLS state-level data and regional cost adjustments for Addison’s economy, suggest that compensation is shaped significantly by the advisor's operating framework, be it the commission-based wirehouse model or the fee-only Registered Investment Advisors (RIAs). This bifurcation in how financial advisors operate influences salary outcomes, reflecting the current trends prevalent within the financial services sector.
About the Addison Market
Salary estimated from Illinois average ($115,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $66,559 | $32.00 |
| Lower Range (P25) | $82,626 | $39.72 |
| Median (P50)(typical) | $114,758 | $55.17 |
| Upper Range (P75) | $146,891 | $70.62 |
| Top Earners (P90) | $177,875 | $85.52 |
Median Salary Position
5.73% above the national average
2026 Salary Percentile Distribution in Addison
In Addison, IL, the financial advisor salary spread from the 10th to 90th percentile is $111,316 (2026 est.). At $114,758, the local median is 5.73% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Addison: You'd be in the lower-middle range
How Addison Financial Advisor Pay Compares
Addison median: $114,758/year (2026)
| Compared To | Median Salary | Addison Pays |
|---|---|---|
| Illinois Average | $116,034 | -1.10% less |
| National Average | $108,537 | +5.73% more |
Financial Advisors in Addison, IL earn a median of $114,758 per year (2026 est.), which is 5.73% higher than the national median of $108,537 and 1.10% below the Illinois state average of $116,034.
Cost-of-Living Adjusted Salary
Addison has a cost of living 2.90% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Addison, IL has a cost-of-living index of 97.1 (below the national average of 100). A financial advisor earning $114,758 nominally has purchasing power equivalent to $118,185 in an average-cost city — an effective 2.99% boost.
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2019 BLS Actual
$92,885
2025 BLS Actual
$111,092
2026 Current Est.
$114,758
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Addison (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $92,885 | Actual |
| 2020 | $94,450 | Actual |
| 2021 | $99,567 | Actual |
| 2022 | $100,857 | Actual |
| 2023 | $105,287 | Actual |
| 2024 | $110,390 | Actual |
| 2025 | $111,092 | Actual |
| 2026(current) | $114,758 | Estimated |
| 2027 | $118,545 | Projected |
Based on 7 years of BLS OEWS data for the Addison metropolitan area, the median financial advisor salary grew 19.6% from $92,885 (2019) to $111,092 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $118,545 by 2027 — a total increase of $25,660 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Addison 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) | $66,559 – $82,626 |
| 3-5 years (Mid Career) | $82,626 – $114,758 |
| 5+ years (Experienced) | $114,758 – $146,891 |
| 10+ years (Top Earner) | $146,891 – $177,875 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Addison
The employment landscape for financial advisors in Addison consists of just six professionals, shaping a tight-knit job market for this role. With a cost of living index at 97.1, advisors may find their purchasing power more favorable compared to higher-cost areas. Leading employers in this market include well-established wirehouses such as Morgan Stanley and Merrill Lynch, which typically offer higher starting salaries but also enforce a commission model that influences pay structure significantly. In contrast, RIAs may provide compensation based on assets under management, allowing for more predictable earnings. Factors contributing to disparities in pay among local advisors include credentialing (CFP and CFA designations), the size of assets managed, and the specifics of client engagements. For those looking to boost earnings in this specific Addison market, focusing on building a high-net-worth clientele and optimizing service model efficiencies can be decisive strategies.
More salary data for Addison, IL:
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 $111,092 for financial advisorsin the Addison 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 Addison 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