Financial Advisor Salary in Hagerstown, MD: $95,418 (2026)
Quick Answer:A full-time financial advisor in Hagerstown, MD earns a median $95,418/year (≈ $45.88/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Hagerstown's price level (6% below national, BEA RPP 94.2), that paycheck buys what $101,324 would nationally. Nominal pay sits 19.6% below the Maryland state average.
Official BLS data · View source
In 2026, a financial advisor salary in Hagerstown, Maryland is projected to reach a median of $95,418, which is notably lower than the national median of $108,537, indicating a regional pay structure influenced by the industry’s current evolution. The salary range varies widely, extending from $48,685 at the lowest decile to a remarkable $361,395 at the top decile, reflecting the significant disparities across the financial advisory landscape. These figures, derived from official Bureau of Labor Statistics (BLS) OEWS surveys, highlight the shifts in compensation that are observed between traditional wirehouse models and the rising Registered Investment Advisor (RIA) fiduciary structures. As Hagerstown adjusts to the increasing prevalence of fiduciary contracts, the potential for improved financial advisor pay appears to hinge on the book of assets under management (AUM) and the effectiveness of client relationship management in this evolving market.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $48,685 | $23.41 |
| Lower Range (P25) | $56,805 | $27.31 |
| Median (P50)(typical) | $95,418 | $45.88 |
| Upper Range (P75) | $159,051 | $76.46 |
| Top Earners (P90) | $361,395 | $173.75 |
Median Salary Position
12.09% below the national average
2026 Salary Percentile Distribution in Hagerstown
In Hagerstown, MD, the financial advisor salary spread from the 10th to 90th percentile is $312,710 (2026 est.). At $95,418, the local median is 12.09% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Hagerstown: You'd be in the entry-level range
How Hagerstown Financial Advisor Pay Compares
Hagerstown median: $95,418/year (2026)
| Compared To | Median Salary | Hagerstown Pays |
|---|---|---|
| Maryland Average | $118,679 | -19.60% less |
| National Average | $108,537 | -12.09% less |
Financial Advisors in Hagerstown, MD earn a median of $95,418 per year (2026 est.), which is 12.09% lower than the national median of $108,537 and 19.60% below the Maryland state average of $118,679.
Cost-of-Living Adjusted Salary
Hagerstown has a cost of living 5.83% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Hagerstown, MD has a cost-of-living index of 94.171 (below the national average of 100). A financial advisor earning $95,418 nominally has purchasing power equivalent to $101,324 in an average-cost city — an effective 6.19% boost.
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2019 BLS Actual
$95,440
2025 BLS Actual
$92,370
2026 Current Est.
$95,418
2019–2027 Growth
+3.3%
Salary Trajectory for Financial Advisors in Hagerstown (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $95,440 | Actual |
| 2020 | $94,810 | Actual |
| 2021 | $72,900 | Actual |
| 2022 | $71,950 | Actual |
| 2023 | $61,290 | Actual |
| 2024 | $89,020 | Actual |
| 2025 | $92,370 | Actual |
| 2026(current) | $95,418 | Estimated |
| 2027 | $98,567 | Projected |
Based on 7 years of BLS OEWS data for the Hagerstown metropolitan area, the median financial advisor salary grew -3.2% from $95,440 (2019) to $92,370 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $98,567 by 2027 — a total increase of $3,127 (3.28%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Hagerstown 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) | $48,685 – $56,805 |
| 3-5 years (Mid Career) | $56,805 – $95,418 |
| 5+ years (Experienced) | $95,418 – $159,051 |
| 10+ years (Top Earner) | $159,051 – $361,395 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Hagerstown
Yet, the localized job market for financial advisors in Hagerstown features about 60 professionals competing for clientele, revealing a niche market where compensation can vary significantly based on the type of firm. The lower cost of living index at 94.171 suggests that even moderate salaries can translate into substantial purchasing power, a notable advantage for residents. Within Hagerstown, wirehouses like Morgan Stanley and Wells Fargo Advisors may offer the highest starting salaries, yet those within independent broker-dealers or RIAs often capitalize on a fee-only structure that provides a more sustainable income model over time. The range in pay is driven by factors such as AUM, fee structures, and the advisory firm's client mix. To maximize earning potential, aspiring financial advisors in Hagerstown might consider focusing on building a strong portfolio of high-net-worth clients, pursuing credentials like CFP or CFA, and tapping into the growing RIA space, which is gaining traction among clients seeking fiduciary guidance.
More salary data for Hagerstown, 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 $92,370 for financial advisorsin the Hagerstown 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