Financial Advisor Salary in Bloomington, MN: $104,930 (2026)
Quick Answer:A full-time financial advisor in Bloomington, MN earns a median $104,930/year (≈ $50.45/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Bloomington's price level (1% below national, BEA RPP 98.5), that paycheck buys what $106,528 would nationally. Nominal pay sits 23.3% above the Minnesota state average.
Based on BLS state-level estimates · View source
In Bloomington, Minnesota, the 2026 financial advisor salary is projected to reach $104,930, reflecting a complex interplay between different compensation models prevalent in the industry. The range extends from $60,859 at the lower end (P10) to $162,642 for those at the top tier (P90). This variation often stems from the structural divide between traditional wirehouses and Registered Investment Advisors (RIAs). While wirehouses typically adhere to a commission-based pay model that can yield high returns for advisors with significant client book sizes, burgeoning RIAs, which primarily utilize an assets-under-management (AUM) approach, are experiencing rapid growth due to their fiduciary stance and focus on client-centric practices. Such dynamics establish a diverse employment landscape in Bloomington, positioning the market as a fertile ground for both emerging and established financial professionals.
About the Bloomington Market
Salary estimated from Minnesota average ($108,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $60,859 | $29.25 |
| Lower Range (P25) | $75,549 | $36.32 |
| Median (P50)(typical) | $104,930 | $50.45 |
| Upper Range (P75) | $134,311 | $64.57 |
| Top Earners (P90) | $162,642 | $78.20 |
Median Salary Position
3.32% below the national average
2026 Salary Percentile Distribution in Bloomington
In Bloomington, MN, the financial advisor salary spread from the 10th to 90th percentile is $101,783 (2026 est.). At $104,930, the local median is 3.32% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Bloomington: You'd be in the lower-middle range
How Bloomington Financial Advisor Pay Compares
Bloomington median: $104,930/year (2026)
| Compared To | Median Salary | Bloomington Pays |
|---|---|---|
| Minnesota Average | $85,101 | +23.30% more |
| National Average | $108,537 | -3.32% less |
Financial Advisors in Bloomington, MN earn a median of $104,930 per year (2026 est.), which is 3.32% lower than the national median of $108,537 and 23.30% above the Minnesota state average of $85,101.
Cost-of-Living Adjusted Salary
Bloomington has a cost of living 1.50% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Bloomington, MN has a cost-of-living index of 98.5 (below the national average of 100). A financial advisor earning $104,930 nominally has purchasing power equivalent to $106,528 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$84,930
2025 BLS Actual
$101,578
2026 Current Est.
$104,930
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Bloomington (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $84,930 | Actual |
| 2020 | $86,361 | Actual |
| 2021 | $91,040 | Actual |
| 2022 | $92,220 | Actual |
| 2023 | $96,270 | Actual |
| 2024 | $103,450 | Actual |
| 2025 | $101,578 | Actual |
| 2026(current) | $104,930 | Estimated |
| 2027 | $108,393 | Projected |
Based on 7 years of BLS OEWS data for the Bloomington metropolitan area, the median financial advisor salary grew 19.6% from $84,930 (2019) to $101,578 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $108,393 by 2027 — a total increase of $23,463 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Bloomington 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) | $60,859 – $75,549 |
| 3-5 years (Mid Career) | $75,549 – $104,930 |
| 5+ years (Experienced) | $104,930 – $134,311 |
| 10+ years (Top Earner) | $134,311 – $162,642 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Bloomington
The local job market in Bloomington employs 18 financial advisors, indicating a relatively small, yet potentially competitive environment. A cost-of-living index of 98.5 means advisors can enjoy a favorable purchasing power compared to national averages. Employers like Merrill Lynch and UBS may offer some of the highest salaries, capitalizing on their expansive client networks and resources, while RIAs may provide better opportunities for long-term wealth accumulation through equity and direct client relationships. The disparity in earnings can be attributed to factors such as the advisor’s client concentration, credentials like CFP or CFA, and the business model they adhere to. For those looking to maximize their financial advisor pay in Bloomington, focusing on developing a robust AUM base, cultivating high net worth (HNW) clientele, and earning relevant certifications can significantly enhance compensation prospects in this evolving market.
More salary data for Bloomington, MN:
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 $101,578 for financial advisorsin the Bloomington 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 Bloomington 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