Financial Advisor Salary in Evansville, IN: $81,772 (2026)
Quick Answer:A full-time financial advisor in Evansville, IN earns a median $81,772/year (≈ $39.32/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Evansville's price level (8% below national, BEA RPP 91.5), that paycheck buys what $89,341 would nationally. Nominal pay sits 1.0% above the Indiana state average.
Official BLS data · View source
In 2026, financial advisors in Evansville, IN, anticipate a median annual salary of $81,772, which underscores the disparities experienced across the profession. The salary range for this role is notably broad, spanning from $44,832 at the 10th percentile to $237,270 at the 90th percentile. These figures, derived from 2025 BLS OEWS data projected to 2026, reflect the unique economic dynamics of the local job market. While this median is significantly lower than the national figure of $108,537, the compensation structure in Evansville reveals a vibrant environment, particularly for those who choose to transition from traditional wirehouses to independent or RIA models. As such dynamics evolve, aspiring financial advisors may find distinct opportunities to enhance their earnings within the Evansville area.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $44,832 | $21.56 |
| Lower Range (P25) | $47,621 | $22.89 |
| Median (P50)(typical) | $81,772 | $39.32 |
| Upper Range (P75) | $157,801 | $75.86 |
| Top Earners (P90) | $237,270 | $114.07 |
Median Salary Position
24.66% below the national average
2026 Salary Percentile Distribution in Evansville
In Evansville, IN, the financial advisor salary spread from the 10th to 90th percentile is $192,438 (2026 est.). At $81,772, the local median is 24.66% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Evansville: You'd be in the entry-level range
How Evansville Financial Advisor Pay Compares
Evansville median: $81,772/year (2026)
| Compared To | Median Salary | Evansville Pays |
|---|---|---|
| Indiana Average | $80,963 | +1.00% more |
| National Average | $108,537 | -24.66% less |
Financial Advisors in Evansville, IN earn a median of $81,772 per year (2026 est.), which is 24.66% lower than the national median of $108,537 and 1.00% above the Indiana state average of $80,963.
Cost-of-Living Adjusted Salary
Evansville has a cost of living 8.47% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Evansville, IN has a cost-of-living index of 91.528 (below the national average of 100). A financial advisor earning $81,772 nominally has purchasing power equivalent to $89,341 in an average-cost city — an effective 9.26% boost.
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2019 BLS Actual
$79,840
2025 BLS Actual
$79,160
2026 Current Est.
$81,772
2019–2027 Growth
+5.8%
Salary Trajectory for Financial Advisors in Evansville (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $79,840 | Actual |
| 2020 | $88,630 | Actual |
| 2021 | $74,840 | Actual |
| 2022 | $64,090 | Actual |
| 2023 | $68,040 | Actual |
| 2024 | $81,860 | Actual |
| 2025 | $79,160 | Actual |
| 2026(current) | $81,772 | Estimated |
| 2027 | $84,471 | Projected |
Based on 7 years of BLS OEWS data for the Evansville metropolitan area, the median financial advisor salary grew -0.9% from $79,840 (2019) to $79,160 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $84,471 by 2027 — a total increase of $4,631 (5.80%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Evansville 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) | $44,832 – $47,621 |
| 3-5 years (Mid Career) | $47,621 – $81,772 |
| 5+ years (Experienced) | $81,772 – $157,801 |
| 10+ years (Top Earner) | $157,801 – $237,270 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Evansville
The local job market for financial advisors in Evansville currently employs about 210 professionals, contributing to a competitive atmosphere for both new entrants and seasoned advisors alike. With a cost of living index at 91.528, financial advisors benefit from a favorable financial landscape, allowing for potentially greater disposable income despite the salary gap compared to national levels. Top-paying employers in the region typically include wirehouses like Morgan Stanley and independent broker-dealers such as LPL and Raymond James. The variation in pay can largely be attributed to factors such as assets under management (AUM) growth, fee structures, and the advisory models followed. Additionally, holding credentials like the CFP or CFA can lead to higher compensation, influencing client trust and retention. For those seeking to maximize financial advisor pay in Evansville, pursuing higher AUM, capitalizing on potential breakaway transition packages, and focusing on a fiduciary advisory approach could be strategic advantages.
More salary data for Evansville, 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 $79,160 for financial advisorsin the Evansville 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, 7-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