Financial Advisor Salary in Shelbyville, IN: $77,140 (2026)
Quick Answer:A full-time financial advisor in Shelbyville, IN earns a median $77,140/year (≈ $37.08/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Shelbyville's price level (9% below national, BEA RPP 91.3), that paycheck buys what $84,491 would nationally. Nominal pay sits 4.8% below the Indiana state average.
Based on BLS state-level estimates · View source
In 2026, financial advisors in Shelbyville, Indiana, are projected to earn a median annual salary of $77,140, reflecting a significant divergence from the national median of $108,537. The local salary range extends from $44,741 at the 10th percentile to $119,568 at the 90th percentile, indicating a varied earning potential within the local market. These figures are based on 2025 BLS data, adjusted for state-level salaries and local cost-of-living factors. This substantial gap highlights the evolving dynamics in the financial advisory field, where the growth of fee-only fiduciary practices may influence compensation trends. While the market for financial advisors in this suburban Indiana city is limited, it reveals specific opportunities for professionals aiming to establish themselves within the community.
About the Shelbyville Market
Salary estimated from Indiana average ($88,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $44,741 | $21.51 |
| Lower Range (P25) | $55,541 | $26.70 |
| Median (P50)(typical) | $77,140 | $37.08 |
| Upper Range (P75) | $98,739 | $47.47 |
| Top Earners (P90) | $119,568 | $57.49 |
Median Salary Position
28.93% below the national average
2026 Salary Percentile Distribution in Shelbyville
In Shelbyville, IN, the financial advisor salary spread from the 10th to 90th percentile is $74,827 (2026 est.). At $77,140, the local median is 28.93% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Shelbyville: You'd be in the lower-middle range
How Shelbyville Financial Advisor Pay Compares
Shelbyville median: $77,140/year (2026)
| Compared To | Median Salary | Shelbyville Pays |
|---|---|---|
| Indiana Average | $81,030 | -4.80% less |
| National Average | $108,537 | -28.93% less |
Financial Advisors in Shelbyville, IN earn a median of $77,140 per year (2026 est.), which is 28.93% lower than the national median of $108,537 and 4.80% below the Indiana state average of $81,030.
Cost-of-Living Adjusted Salary
Shelbyville has a cost of living 8.70% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Shelbyville, IN has a cost-of-living index of 91.3 (below the national average of 100). A financial advisor earning $77,140 nominally has purchasing power equivalent to $84,491 in an average-cost city — an effective 9.53% boost.
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2019 BLS Actual
$62,437
2025 BLS Actual
$74,676
2026 Current Est.
$77,140
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Shelbyville (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $62,437 | Actual |
| 2020 | $63,489 | Actual |
| 2021 | $66,929 | Actual |
| 2022 | $67,796 | Actual |
| 2023 | $70,774 | Actual |
| 2024 | $76,523 | Actual |
| 2025 | $74,676 | Actual |
| 2026(current) | $77,140 | Estimated |
| 2027 | $79,686 | Projected |
Based on 7 years of BLS OEWS data for the Shelbyville metropolitan area, the median financial advisor salary grew 19.6% from $62,437 (2019) to $74,676 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $79,686 by 2027 — a total increase of $17,249 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Shelbyville 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) | $44,741 – $55,541 |
| 3-5 years (Mid Career) | $55,541 – $77,140 |
| 5+ years (Experienced) | $77,140 – $98,739 |
| 10+ years (Top Earner) | $98,739 – $119,568 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Shelbyville
At present, Shelbyville is home to just five employed financial advisors, illustrating a limited but stable financial advisory market in the area. The cost-of-living index reflects a figure of 91.3, signifying that expenses are relatively lower, which can enhance the purchasing power of advisors' salaries compared to larger metropolitan regions. Among the highest-paying employers, wirehouses such as Morgan Stanley and Merrill Lynch remain prominent, though independent broker-dealers and RIAs offering fee-only models are likely gaining ground. The disparity in pay can arise from several factors, including assets under management, the advisors' compensation models, and client demographics. Advisors seeking to maximize their income in Shelbyville may benefit from obtaining the CFP credential, which is increasingly recognized as the gold standard in financial planning. Additionally, forming a strong niche in the local market and tapping into the growing client base of high-net-worth individuals can bolster earning potential and establish a more robust professional foothold.
More salary data for Shelbyville, 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 $74,676 for financial advisorsin the Shelbyville 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 Shelbyville 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