Financial Advisor Salary in Shoreview, MN: $80,614 (2026)
Quick Answer:A full-time financial advisor in Shoreview, MN earns a median $80,614/year (≈ $38.76/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Shoreview's price level (1% below national, BEA RPP 98.5), that paycheck buys what $81,842 would nationally. Nominal pay sits 5.3% below the Minnesota state average.
Based on BLS state-level estimates · View source
In Shoreview, Minnesota, financial advisors can expect a median annual salary of $80,614 in 2026, which falls significantly below the national median of $108,537. The salary range for financial advisors in this area varies considerably, with the lowest 10% earning approximately $46,757 and the top 90% reaching around $124,952. These figures are projections based on 2025 BLS data and adjusted for local cost-of-living metrics. With a relatively small number of advisors (only 6 employed in the area), this salary data reflects the specific dynamics of Shoreview's financial advisory job market, characterized by a mix of opportunities likely influenced by local demand and the broader shift towards independence in the financial advisory space.
About the Shoreview Market
Salary estimated from Minnesota average ($108,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $46,757 | $22.48 |
| Lower Range (P25) | $58,042 | $27.90 |
| Median (P50)(typical) | $80,614 | $38.76 |
| Upper Range (P75) | $103,186 | $49.60 |
| Top Earners (P90) | $124,952 | $60.07 |
Median Salary Position
25.73% below the national average
2026 Salary Percentile Distribution in Shoreview
In Shoreview, MN, the financial advisor salary spread from the 10th to 90th percentile is $78,195 (2026 est.). At $80,614, the local median is 25.73% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Shoreview: You'd be in the lower-middle range
How Shoreview Financial Advisor Pay Compares
Shoreview median: $80,614/year (2026)
| Compared To | Median Salary | Shoreview Pays |
|---|---|---|
| Minnesota Average | $85,126 | -5.30% less |
| National Average | $108,537 | -25.73% less |
Financial Advisors in Shoreview, MN earn a median of $80,614 per year (2026 est.), which is 25.73% lower than the national median of $108,537 and 5.30% below the Minnesota state average of $85,126.
Cost-of-Living Adjusted Salary
Shoreview 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.
Shoreview, MN has a cost-of-living index of 98.5 (below the national average of 100). A financial advisor earning $80,614 nominally has purchasing power equivalent to $81,842 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$65,249
2025 BLS Actual
$78,039
2026 Current Est.
$80,614
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Shoreview (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $65,249 | Actual |
| 2020 | $66,348 | Actual |
| 2021 | $69,943 | Actual |
| 2022 | $70,849 | Actual |
| 2023 | $73,961 | Actual |
| 2024 | $100,774 | Actual |
| 2025 | $78,039 | Actual |
| 2026(current) | $80,614 | Estimated |
| 2027 | $83,275 | Projected |
Based on 7 years of BLS OEWS data for the Shoreview metropolitan area, the median financial advisor salary grew 19.6% from $65,249 (2019) to $78,039 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $83,275 by 2027 — a total increase of $18,026 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Shoreview 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) | $46,757 – $58,042 |
| 3-5 years (Mid Career) | $58,042 – $80,614 |
| 5+ years (Experienced) | $80,614 – $103,186 |
| 10+ years (Top Earner) | $103,186 – $124,952 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Shoreview
Examining the local job market further reveals the implications of a cost of living index at 98.5, indicating that while salaries may lag behind national averages, purchasing power remains favorable. Among local employers, wirehouses such as Morgan Stanley and Wells Fargo Advisors typically offer competitive compensation packages, particularly for those with high asset under management (AUM). The discrepancy in earnings can be attributed to various factors, including revenue models, with RIAs often favoring AUM percentages, while some wirehouses maintain a commission-based structure. Advisors aiming to maximize their pay in Shoreview should consider pursuing CFP or CFA credentials to enhance their marketability, establishing strong relationships with high-net-worth clients, or transitioning to independent practice for more control over their earnings. Overall, understanding the nuances of financial advisor pay in Shoreview, MN, is essential for career planning in this evolving industry context.
More salary data for Shoreview, 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 $78,039 for financial advisorsin the Shoreview 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 Shoreview 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