Financial Advisor Salary in Florence, KY: $74,191 (2026)
Quick Answer:A full-time financial advisor in Florence, KY earns a median $74,191/year (≈ $35.67/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Florence's price level (11% below national, BEA RPP 89.3), that paycheck buys what $83,081 would nationally. Nominal pay sits 0.9% below the Kentucky state average.
Based on BLS state-level estimates · View source
With a median annual salary of $74,191 in 2026, financial advisor pay in Florence, KY, reveals a significant divergence from national trends, where the median stands at $108,537. Local financial advisors can expect earnings to range from $43,031 at the lower end (10th percentile) to as high as $114,997 for top earners (90th percentile). These figures, derived from 2025 BLS OEWS data, projected to 2026, are reflective of Florence’s housing and cost-of-living realities, with a cost index of 89.3 indicating a slightly lower-than-average economy. As the job market differentiates between wirehouses and fiduciary RIAs, the compensation structures here can often hinge on factors like assets under management (AUM), credentialing, and client relationship dynamics within this regional context.
About the Florence Market
Salary estimated from Kentucky average ($82,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $43,031 | $20.69 |
| Lower Range (P25) | $53,417 | $25.68 |
| Median (P50)(typical) | $74,191 | $35.67 |
| Upper Range (P75) | $94,965 | $45.66 |
| Top Earners (P90) | $114,997 | $55.29 |
Median Salary Position
31.64% below the national average
2026 Salary Percentile Distribution in Florence
In Florence, KY, the financial advisor salary spread from the 10th to 90th percentile is $71,966 (2026 est.). At $74,191, the local median is 31.64% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Florence: You'd be in the lower-middle range
How Florence Financial Advisor Pay Compares
Florence median: $74,191/year (2026)
| Compared To | Median Salary | Florence Pays |
|---|---|---|
| Kentucky Average | $74,865 | -0.90% less |
| National Average | $108,537 | -31.64% less |
Financial Advisors in Florence, KY earn a median of $74,191 per year (2026 est.), which is 31.64% lower than the national median of $108,537 and 0.90% below the Kentucky state average of $74,865.
Cost-of-Living Adjusted Salary
Florence has a cost of living 10.70% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Florence, KY has a cost-of-living index of 89.3 (below the national average of 100). A financial advisor earning $74,191 nominally has purchasing power equivalent to $83,081 in an average-cost city — an effective 11.98% boost.
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2019 BLS Actual
$60,050
2025 BLS Actual
$71,821
2026 Current Est.
$74,191
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Florence (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $60,050 | Actual |
| 2020 | $61,062 | Actual |
| 2021 | $64,370 | Actual |
| 2022 | $65,204 | Actual |
| 2023 | $68,068 | Actual |
| 2024 | $72,561 | Actual |
| 2025 | $71,821 | Actual |
| 2026(current) | $74,191 | Estimated |
| 2027 | $76,639 | Projected |
Based on 7 years of BLS OEWS data for the Florence metropolitan area, the median financial advisor salary grew 19.6% from $60,050 (2019) to $71,821 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $76,639 by 2027 — a total increase of $16,589 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Florence 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) | $43,031 – $53,417 |
| 3-5 years (Mid Career) | $53,417 – $74,191 |
| 5+ years (Experienced) | $74,191 – $94,965 |
| 10+ years (Top Earner) | $94,965 – $114,997 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Florence
Looking at the employment landscape, there are currently seven financial advisors positioned in Florence, KY, where the lower cost of living can potentially enhance overall purchasing power despite the local salary figures being lower than the national average. Large firms such as Morgan Stanley and UBS often dominate in compensation, especially for advisors working on commission, while independent and fee-only RIAs, including newer entrants, appeal to those favoring the fiduciary model. The disparity in earning potential can be attributed to specifics such as AUM and client base; established professionals with a high net worth clientele can command higher fees. To maximize pay, advisors should consider gaining specialized credentials like the CFP or CFA, which can help attract affluent clients, or establishing small RIA practices that cater to bespoke investment management needs, thus capitalizing on the ongoing shift within the advisory industry in this region.
More salary data for Florence, KY:
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 $71,821 for financial advisorsin the Florence 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 Florence 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