Financial Advisor Salary in Park Ridge, IL: $111,615 (2026)
Quick Answer:A full-time financial advisor in Park Ridge, IL earns a median $111,615/year (≈ $53.66/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Park Ridge's price level (3% below national, BEA RPP 97.1), that paycheck buys what $114,949 would nationally. Nominal pay sits 3.8% below the Illinois state average.
Based on BLS state-level estimates · View source
Financial advisors in Park Ridge, Illinois, are projected to earn a median annual salary of $111,615 in 2026, which is slightly above the national median of $108,537. The salary range for these professionals spans from $64,736 at the lower end (P10) to $173,003 (P90) at the upper end, reflecting the diverse opportunities available in the financial advisory sector. These figures are derived from estimates based on 2025 BLS data adjusted for regional economic factors. Armed with knowledge of transition economics, becoming an independent financial advisor can enrich long-term earning potential, especially as the industry continues to evolve towards more fiduciary-centric practices. As Park Ridge's job landscape evolves, this growing demand speaks to the flexibility and adaptability necessary for success in the financial services market.
About the Park Ridge Market
Salary estimated from Illinois average ($115,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $64,736 | $31.12 |
| Lower Range (P25) | $80,362 | $38.63 |
| Median (P50)(typical) | $111,615 | $53.66 |
| Upper Range (P75) | $142,867 | $68.68 |
| Top Earners (P90) | $173,003 | $83.18 |
Median Salary Position
2.84% above the national average
2026 Salary Percentile Distribution in Park Ridge
In Park Ridge, IL, the financial advisor salary spread from the 10th to 90th percentile is $108,267 (2026 est.). At $111,615, the local median is 2.84% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Park Ridge: You'd be in the lower-middle range
How Park Ridge Financial Advisor Pay Compares
Park Ridge median: $111,615/year (2026)
| Compared To | Median Salary | Park Ridge Pays |
|---|---|---|
| Illinois Average | $116,024 | -3.80% less |
| National Average | $108,537 | +2.84% more |
Financial Advisors in Park Ridge, IL earn a median of $111,615 per year (2026 est.), which is 2.84% higher than the national median of $108,537 and 3.80% below the Illinois state average of $116,024.
Cost-of-Living Adjusted Salary
Park Ridge 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.
Park Ridge, IL has a cost-of-living index of 97.1 (below the national average of 100). A financial advisor earning $111,615 nominally has purchasing power equivalent to $114,949 in an average-cost city — an effective 2.99% boost.
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2019 BLS Actual
$90,341
2025 BLS Actual
$108,049
2026 Current Est.
$111,615
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Park Ridge (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $90,341 | Actual |
| 2020 | $91,863 | Actual |
| 2021 | $96,840 | Actual |
| 2022 | $98,095 | Actual |
| 2023 | $102,403 | Actual |
| 2024 | $107,366 | Actual |
| 2025 | $108,049 | Actual |
| 2026(current) | $111,615 | Estimated |
| 2027 | $115,298 | Projected |
Based on 7 years of BLS OEWS data for the Park Ridge metropolitan area, the median financial advisor salary grew 19.6% from $90,341 (2019) to $108,049 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $115,298 by 2027 — a total increase of $24,957 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Park Ridge 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) | $64,736 – $80,362 |
| 3-5 years (Mid Career) | $80,362 – $111,615 |
| 5+ years (Experienced) | $111,615 – $142,867 |
| 10+ years (Top Earner) | $142,867 – $173,003 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Park Ridge
The local job market for financial advisors in Park Ridge currently employs seven professionals, which indicates a relatively niche yet potentially lucrative environment. With a cost of living index of 97.1, financial advisors in this area experience an affordability advantage over many other markets, maximizing their purchasing power. Leading employers, such as established wirehouses and independent broker-dealers, typically offer the most competitive salaries, driven by factors like client concentration and asset under management (AUM) sizes. Whether in commission-based roles or fee-only fiduciary settings, advisors who possess credentials such as the CFP or CFA often achieve higher salaries by attracting high-net-worth clients. To enhance their financial advisor pay in Park Ridge IL, professionals should focus on developing a robust AUM base, pursuing advanced designations, and strategically leveraging breakaway transition opportunities, enabling them to thrive in a competitive market.
More salary data for Park Ridge, 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 $108,049 for financial advisorsin the Park Ridge 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 Park Ridge 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