Financial Advisor Salary in Chaska, MN: $84,101 (2026)
Quick Answer:A full-time financial advisor in Chaska, MN earns a median $84,101/year (≈ $40.43/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Chaska's price level (1% below national, BEA RPP 98.5), that paycheck buys what $85,382 would nationally. Nominal pay sits 1.2% below the Minnesota state average.
Based on BLS state-level estimates · View source
In Chaska, Minnesota, financial advisors earn a median annual salary of $84,101, reflecting a significant divergence from the national median of $108,537. The salary landscape here ranges from $48,778 at the 10th percentile to $130,356 at the 90th percentile, indicative of the local market's spectrum of financial advisor compensation. These figures, derived from 2025 BLS data and adjusted for regional cost factors, illustrate the impact of the structural divide between wirehouses and Registered Investment Advisors (RIAs) on advisor pay. In this evolving market, many advisors are transitioning to fiduciary roles, which often leads to different compensation models that can substantially influence total earnings based on assets under management (AUM).
About the Chaska Market
Salary estimated from Minnesota average ($108,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $48,778 | $23.45 |
| Lower Range (P25) | $60,552 | $29.11 |
| Median (P50)(typical) | $84,101 | $40.43 |
| Upper Range (P75) | $107,649 | $51.75 |
| Top Earners (P90) | $130,356 | $62.67 |
Median Salary Position
22.51% below the national average
2026 Salary Percentile Distribution in Chaska
In Chaska, MN, the financial advisor salary spread from the 10th to 90th percentile is $81,578 (2026 est.). At $84,101, the local median is 22.51% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Chaska: You'd be in the lower-middle range
How Chaska Financial Advisor Pay Compares
Chaska median: $84,101/year (2026)
| Compared To | Median Salary | Chaska Pays |
|---|---|---|
| Minnesota Average | $85,122 | -1.20% less |
| National Average | $108,537 | -22.51% less |
Financial Advisors in Chaska, MN earn a median of $84,101 per year (2026 est.), which is 22.51% lower than the national median of $108,537 and 1.20% below the Minnesota state average of $85,122.
Cost-of-Living Adjusted Salary
Chaska 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.
Chaska, MN has a cost-of-living index of 98.5 (below the national average of 100). A financial advisor earning $84,101 nominally has purchasing power equivalent to $85,382 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$68,071
2025 BLS Actual
$81,414
2026 Current Est.
$84,101
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Chaska (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $68,071 | Actual |
| 2020 | $69,218 | Actual |
| 2021 | $72,968 | Actual |
| 2022 | $73,913 | Actual |
| 2023 | $77,160 | Actual |
| 2024 | $105,133 | Actual |
| 2025 | $81,414 | Actual |
| 2026(current) | $84,101 | Estimated |
| 2027 | $86,876 | Projected |
Based on 7 years of BLS OEWS data for the Chaska metropolitan area, the median financial advisor salary grew 19.6% from $68,071 (2019) to $81,414 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $86,876 by 2027 — a total increase of $18,805 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Chaska 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) | $48,778 – $60,552 |
| 3-5 years (Mid Career) | $60,552 – $84,101 |
| 5+ years (Experienced) | $84,101 – $107,649 |
| 10+ years (Top Earner) | $107,649 – $130,356 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Chaska
With only five financial advisors currently employed in Chaska, the local job market is relatively small but stable. The cost of living index at 98.5 suggests that living expenses are slightly below the national average, allowing for a more favorable purchasing power in relation to salary levels. Within the city, compensation can vary significantly based on the employer type. For instance, wirehouses like Morgan Stanley and Wells Fargo Advisors may offer substantial salaries but often utilize commission-based models. In contrast, RIAs tend to adopt an AUM-based approach, charging around 1% of assets, which can yield higher overall earnings for advisors with larger client portfolios. The spread between lower and higher pay is influenced by factors such as client demographics, advisor credentials like the CFP or CFA, and the concentration of high-net-worth clients. For those seeking to boost their financial advisor pay in Chaska, strategies such as expanding personal networks, focusing on asset growth, and securing partnerships with RIAs could lead to enhanced compensation opportunities in this evolving industry.
More salary data for Chaska, 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 $81,414 for financial advisorsin the Chaska 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 Chaska 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