Financial Advisor Salary in Cumberland, MD: $109,806 (2026)
Quick Answer:A full-time financial advisor in Cumberland, MD earns a median $109,806/year (≈ $52.79/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Cumberland's price level (9% above national, BEA RPP 109.3), that paycheck buys what $100,463 would nationally. Nominal pay sits 7.4% below the Maryland state average.
Based on BLS state-level estimates · View source
In Cumberland, Maryland, financial advisors can expect a median annual salary of $109,806 in 2026, which is slightly above the national median of $108,537. The salary range spans from $63,688 at the lower tenth percentile to $170,199 at the ninetieth percentile, reflecting the diverse compensation models in the industry. The financial advisory market in Cumberland is influenced by the structural divide between wirehouses and Registered Investment Advisors (RIAs), with the latter typically utilizing an assets under management (AUM) fee model that can lead to varying compensation based on client portfolios. As the regional market continues to evolve, it further highlights the competitive nature of financial advisory roles in the area, where professionals must navigate differing compensation structures to enhance their earning potential.
About the Cumberland Market
Salary estimated from Maryland average ($125,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $63,688 | $30.62 |
| Lower Range (P25) | $79,061 | $38.01 |
| Median (P50)(typical) | $109,806 | $52.79 |
| Upper Range (P75) | $140,551 | $67.57 |
| Top Earners (P90) | $170,199 | $81.82 |
Median Salary Position
1.17% above the national average
2026 Salary Percentile Distribution in Cumberland
In Cumberland, MD, the financial advisor salary spread from the 10th to 90th percentile is $106,511 (2026 est.). At $109,806, the local median is 1.17% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Cumberland: You'd be in the lower-middle range
How Cumberland Financial Advisor Pay Compares
Cumberland median: $109,806/year (2026)
| Compared To | Median Salary | Cumberland Pays |
|---|---|---|
| Maryland Average | $118,581 | -7.40% less |
| National Average | $108,537 | +1.17% more |
Financial Advisors in Cumberland, MD earn a median of $109,806 per year (2026 est.), which is 1.17% higher than the national median of $108,537 and 7.40% below the Maryland state average of $118,581.
Cost-of-Living Adjusted Salary
Cumberland has a cost of living 9.30% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Cumberland, MD has a cost-of-living index of 109.3 (above the national average of 100). While the nominal salary of $109,806 is competitive, the higher cost of living reduces purchasing power to an effective $100,463 — a 8.51% reduction.
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2019 BLS Actual
$88,877
2025 BLS Actual
$106,298
2026 Current Est.
$109,806
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Cumberland (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $88,877 | Actual |
| 2020 | $78,410 | Actual |
| 2021 | $95,271 | Actual |
| 2022 | $79,640 | Actual |
| 2023 | $100,744 | Actual |
| 2024 | $126,460 | Actual |
| 2025 | $106,298 | Actual |
| 2026(current) | $109,806 | Estimated |
| 2027 | $113,429 | Projected |
Based on 7 years of BLS OEWS data for the Cumberland metropolitan area, the median financial advisor salary grew 19.6% from $88,877 (2019) to $106,298 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $113,429 by 2027 — a total increase of $24,552 (27.62%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Cumberland 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) | $63,688 – $79,061 |
| 3-5 years (Mid Career) | $79,061 – $109,806 |
| 5+ years (Experienced) | $109,806 – $140,551 |
| 10+ years (Top Earner) | $140,551 – $170,199 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Cumberland
Cumberland's job market for financial advisors is rather niche, with only five professionals currently employed in this region. This small number can lead to a more close-knit community among advisors but also means that competition may be limited. The cost of living index stands at 109.3, which is slightly above the national average, potentially influencing take-home pay and housing affordability for financial advisors operating in the area. While wirehouses like Morgan Stanley and Merrill Lynch may offer lucrative packages, independent RIAs tend to emphasize fee-only fiduciary models. The disparities in pay can be traced to client concentrations, AUM size, and whether advisors hold designations such as CFP or CFA, all of which can add significant value. For those looking to maximize financial advisor pay in Cumberland, focusing on building a strong client base and considering shifts to fee structures can be advantageous.
More salary data for Cumberland, MD:
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 $106,298 for financial advisorsin the Cumberland 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 Cumberland 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