Financial Advisor Salary in Ramsey, MN: $82,985 (2026)
Quick Answer:A full-time financial advisor in Ramsey, MN earns a median $82,985/year (≈ $39.89/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Ramsey's price level (1% below national, BEA RPP 98.5), that paycheck buys what $84,249 would nationally. Nominal pay sits 2.5% below the Minnesota state average.
Based on BLS state-level estimates · View source
In Ramsey, MN, the financial advisor salary is projected to reach a median annual income of $82,985 in 2026, notably lower than the national median of $108,537. The compensation varies widely from a lower threshold around $48,132 to an upper limit of $128,627, reflecting the differing compensation models employed in the area, particularly between wirehouses and Registered Investment Advisors (RIAs). In Ramsey, the asset under management (AUM) fee model significantly shapes this pay structure, with RIAs charging a typical fee of around 1% of AUM, whereas wirehouses often compensate advisors based on commissions. Given the nuances of the local market, financial professionals in Ramsey have distinct opportunities and challenges that influence their overall earning potential.
About the Ramsey Market
Salary estimated from Minnesota average ($108,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $48,132 | $23.14 |
| Lower Range (P25) | $59,749 | $28.73 |
| Median (P50)(typical) | $82,985 | $39.89 |
| Upper Range (P75) | $106,221 | $51.07 |
| Top Earners (P90) | $128,627 | $61.84 |
Median Salary Position
23.54% below the national average
2026 Salary Percentile Distribution in Ramsey
In Ramsey, MN, the financial advisor salary spread from the 10th to 90th percentile is $80,495 (2026 est.). At $82,985, the local median is 23.54% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Ramsey: You'd be in the lower-middle range
How Ramsey Financial Advisor Pay Compares
Ramsey median: $82,985/year (2026)
| Compared To | Median Salary | Ramsey Pays |
|---|---|---|
| Minnesota Average | $85,113 | -2.50% less |
| National Average | $108,537 | -23.54% less |
Financial Advisors in Ramsey, MN earn a median of $82,985 per year (2026 est.), which is 23.54% lower than the national median of $108,537 and 2.50% below the Minnesota state average of $85,113.
Cost-of-Living Adjusted Salary
Ramsey 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.
Ramsey, MN has a cost-of-living index of 98.5 (below the national average of 100). A financial advisor earning $82,985 nominally has purchasing power equivalent to $84,249 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$67,168
2025 BLS Actual
$80,334
2026 Current Est.
$82,985
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Ramsey (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $67,168 | Actual |
| 2020 | $68,300 | Actual |
| 2021 | $72,000 | Actual |
| 2022 | $72,933 | Actual |
| 2023 | $76,136 | Actual |
| 2024 | $103,738 | Actual |
| 2025 | $80,334 | Actual |
| 2026(current) | $82,985 | Estimated |
| 2027 | $85,724 | Projected |
Based on 7 years of BLS OEWS data for the Ramsey metropolitan area, the median financial advisor salary grew 19.6% from $67,168 (2019) to $80,334 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $85,724 by 2027 — a total increase of $18,556 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Ramsey 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) | $48,132 – $59,749 |
| 3-5 years (Mid Career) | $59,749 – $82,985 |
| 5+ years (Experienced) | $82,985 – $106,221 |
| 10+ years (Top Earner) | $106,221 – $128,627 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Ramsey
As of the latest figures, there are only seven financial advisors currently employed in Ramsey, highlighting a somewhat limited market. The cost of living index stands at 98.5, which suggests that while the salaries here may appear lower compared to national benchmarks, the purchasing power for residents remains fairly stable within the local economic context. Among the employers, wirehouses like Morgan Stanley and Merrill Lynch generally offer higher pay compared to independent broker-dealers or RIAs. The disparity in earnings often stems from factors such as the size of the advisor's client book, fee structures, and credentials like the CFP or CFA—credentials that can lead to higher compensation in fee-only environments. For those seeking to maximize their financial advisor pay in Ramsey, focusing on a diverse client base and considering a shift toward fee-based advising can be effective strategies in a transitioning market.
More salary data for Ramsey, 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 $80,334 for financial advisorsin the Ramsey 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 Ramsey 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