Financial Advisor Salary in Ottumwa, IA: $88,379 (2026)
Quick Answer:A full-time financial advisor in Ottumwa, IA earns a median $88,379/year (≈ $42.49/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Ottumwa's price level (10% below national, BEA RPP 90.4), that paycheck buys what $97,764 would nationally. Nominal pay sits 7.0% below the Iowa state average.
Based on BLS state-level estimates · View source
In 2026, financial advisors in Ottumwa, Iowa are projected to earn a median annual salary of $88,379. While this figure reflects a robust compensation level within the local context, it lags significantly behind the national median of $108,537, indicating a disparity of about 18.57%. Earnings within the region span a wide range, from $51,260 at the lower end (10th percentile) to $136,988 at the top end (90th percentile), showcasing a diverse salary landscape. These estimates, derived from 2025 BLS data, highlight the financial advisory profession's potential in Ottumwa while illustrating how local economic conditions contribute to these outcomes.
About the Ottumwa Market
Salary estimated from Iowa average ($88,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $51,260 | $24.65 |
| Lower Range (P25) | $64,033 | $30.78 |
| Median (P50)(typical) | $88,379 | $42.49 |
| Upper Range (P75) | $113,126 | $54.39 |
| Top Earners (P90) | $136,988 | $65.86 |
Median Salary Position
18.57% below the national average
2026 Salary Percentile Distribution in Ottumwa
In Ottumwa, IA, the financial advisor salary spread from the 10th to 90th percentile is $85,728 (2026 est.). At $88,379, the local median is 18.57% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Ottumwa: You'd be in the lower-middle range
How Ottumwa Financial Advisor Pay Compares
Ottumwa median: $88,379/year (2026)
| Compared To | Median Salary | Ottumwa Pays |
|---|---|---|
| Iowa Average | $95,032 | -7.00% less |
| National Average | $108,537 | -18.57% less |
Financial Advisors in Ottumwa, IA earn a median of $88,379 per year (2026 est.), which is 18.57% lower than the national median of $108,537 and 7.00% below the Iowa state average of $95,032.
Cost-of-Living Adjusted Salary
Ottumwa has a cost of living 9.60% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Ottumwa, IA has a cost-of-living index of 90.4 (below the national average of 100). A financial advisor earning $88,379 nominally has purchasing power equivalent to $97,764 in an average-cost city — an effective 10.62% boost.
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2019 BLS Actual
$71,534
2025 BLS Actual
$85,556
2026 Current Est.
$88,379
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Ottumwa (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $71,534 | Actual |
| 2020 | $72,739 | Actual |
| 2021 | $76,680 | Actual |
| 2022 | $77,674 | Actual |
| 2023 | $81,086 | Actual |
| 2024 | $74,016 | Actual |
| 2025 | $85,556 | Actual |
| 2026(current) | $88,379 | Estimated |
| 2027 | $91,296 | Projected |
Based on 7 years of BLS OEWS data for the Ottumwa metropolitan area, the median financial advisor salary grew 19.6% from $71,534 (2019) to $85,556 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $91,296 by 2027 — a total increase of $19,762 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Ottumwa 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) | $51,260 – $64,033 |
| 3-5 years (Mid Career) | $64,033 – $88,379 |
| 5+ years (Experienced) | $88,379 – $113,126 |
| 10+ years (Top Earner) | $113,126 – $136,988 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Ottumwa
The financial advisory market in Ottumwa currently employs five advisors, presenting a compact job environment where opportunities may be limited. The cost of living in the area is relatively low, with a cost-of-living index of 90.4, which could positively influence take-home purchasing power for those in the profession. Employers that typically pay the most include major wirehouses like Morgan Stanley and Wells Fargo Advisors, along with independent broker-dealers and RIAs that use AUM-based fee models. The significant salary variance locally can be attributed to factors such as assets under management, client concentration, and the presence of high-net-worth clients. Financial advisors in Ottumwa can maximize their pay by pursuing CFP credentialing, focusing on building a substantial client base, and considering independent paths, which can enhance compensation potential through fee-based structures rather than relying solely on commission-based models.
More salary data for Ottumwa, IA:
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 $85,556 for financial advisorsin the Ottumwa 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 Ottumwa 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