Financial Advisor Salary in Elkhart, IN: $77,754 (2026)
Quick Answer:A full-time financial advisor in Elkhart, IN earns a median $77,754/year (≈ $37.38/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Elkhart's price level (10% below national, BEA RPP 90.3), that paycheck buys what $86,082 would nationally. Nominal pay sits 4.0% below the Indiana state average.
Official BLS data · View source
Financial advisors in Elkhart, Indiana, are projected to earn a median annual salary of $77,754 in 2026, significantly lower than the national median of $108,537, representing a 28.36% disparity. With a salary range reaching from $45,927 at the entry level to $244,811 for the top earners, the earnings landscape is notably diverse. These figures are derived from official BLS OEWS surveys and reflect the particular dynamics of the Elkhart job market, where the increasing trend toward fee-only fiduciary models supports the growth of positions for credentialed financial planners, especially those holding a CFP designation. In a market that favors fiduciary practices, Elkhart presents opportunities for skilled advisors, but understanding the local financial advisory climate is crucial for maximizing compensation.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $45,927 | $22.08 |
| Lower Range (P25) | $49,088 | $23.60 |
| Median (P50)(typical) | $77,754 | $37.38 |
| Upper Range (P75) | $160,632 | $77.23 |
| Top Earners (P90) | $244,811 | $117.70 |
Median Salary Position
28.36% below the national average
2026 Salary Percentile Distribution in Elkhart
In Elkhart, IN, the financial advisor salary spread from the 10th to 90th percentile is $198,884 (2026 est.). At $77,754, the local median is 28.36% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Elkhart: You'd be in the entry-level range
How Elkhart Financial Advisor Pay Compares
Elkhart median: $77,754/year (2026)
| Compared To | Median Salary | Elkhart Pays |
|---|---|---|
| Indiana Average | $80,994 | -4.00% less |
| National Average | $108,537 | -28.36% less |
Financial Advisors in Elkhart, IN earn a median of $77,754 per year (2026 est.), which is 28.36% lower than the national median of $108,537 and 4.00% below the Indiana state average of $80,994.
Cost-of-Living Adjusted Salary
Elkhart has a cost of living 9.67% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Elkhart, IN has a cost-of-living index of 90.325 (below the national average of 100). A financial advisor earning $77,754 nominally has purchasing power equivalent to $86,082 in an average-cost city — an effective 10.71% boost.
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2019 BLS Actual
$62,934
2025 BLS Actual
$75,270
2026 Current Est.
$77,754
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Elkhart (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $62,934 | Actual |
| 2020 | $63,994 | Actual |
| 2021 | $61,940 | Actual |
| 2022 | $64,380 | Actual |
| 2023 | $82,080 | Actual |
| 2024 | $101,340 | Actual |
| 2025 | $75,270 | Actual |
| 2026(current) | $77,754 | Estimated |
| 2027 | $80,320 | Projected |
Based on 7 years of BLS OEWS data for the Elkhart metropolitan area, the median financial advisor salary grew 19.6% from $62,934 (2019) to $75,270 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $80,320 by 2027 — a total increase of $17,386 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Elkhart 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) | $45,927 – $49,088 |
| 3-5 years (Mid Career) | $49,088 – $77,754 |
| 5+ years (Experienced) | $77,754 – $160,632 |
| 10+ years (Top Earner) | $160,632 – $244,811 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Elkhart
With 110 financial advisors currently employed in Elkhart, the job market demonstrates both stability and potential for growth, particularly as demand for financial guidance continues to expand. The local cost of living, with a low index of 90.325, means that take-home salaries hold more value than they might in higher-cost areas. When considering potential employers, wirehouses like Morgan Stanley or independent firms such as LPL may provide lucrative opportunities, although compensation varies widely depending on asset management (AUM) models and client types. The disparity in pay can often be attributed to an advisor's client base size, fee structure—1% of AUM at RIAs versus commission-based models predominant at wirehouses—and the presence of high-net-worth (HNW) clients. Financial advisors looking to increase their earnings in Elkhart should focus on developing partnerships with independent RIAs, pursuing CFP or CFA credentials, and building a diverse, extensive client portfolio.
More salary data for Elkhart, IN:
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 $75,270 for financial advisorsin the Elkhart 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, 5-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