Financial Advisor Salary in Avon Lake, OH: $78,881 (2026)
Quick Answer:A full-time financial advisor in Avon Lake, OH earns a median $78,881/year (≈ $37.92/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Avon Lake's price level (9% below national, BEA RPP 90.7), that paycheck buys what $86,969 would nationally. Nominal pay sits 7.9% below the Ohio state average.
Based on BLS state-level estimates · View source
In Avon Lake, Ohio, financial advisors can expect a median annual salary of $78,881 in 2026, which reveals the city’s competitive market against the national median of $108,537. This local salary range is projected to be between $45,751 at the lower end (P10) and $122,266 at the upper end (P90), providing a diverse landscape for those entering the field. As the demand for fiduciary fee-only services continues to grow, many financial advisors are adopting the Certified Financial Planner (CFP) designation, potentially leading to better compensation. These figures, derived from 2025 BLS data and adjusted for local cost of living, reflect Avon Lake’s evolving employment market for financial professionals, revealing that there are only five advisors currently employed in the area, indicating a relatively small but specialized workforce.
About the Avon Lake Market
Salary estimated from Ohio average ($95,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $45,751 | $21.99 |
| Lower Range (P25) | $56,794 | $27.30 |
| Median (P50)(typical) | $78,881 | $37.92 |
| Upper Range (P75) | $100,967 | $48.54 |
| Top Earners (P90) | $122,266 | $58.78 |
Median Salary Position
27.32% below the national average
2026 Salary Percentile Distribution in Avon Lake
In Avon Lake, OH, the financial advisor salary spread from the 10th to 90th percentile is $76,515 (2026 est.). At $78,881, the local median is 27.32% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Avon Lake: You'd be in the lower-middle range
How Avon Lake Financial Advisor Pay Compares
Avon Lake median: $78,881/year (2026)
| Compared To | Median Salary | Avon Lake Pays |
|---|---|---|
| Ohio Average | $85,647 | -7.90% less |
| National Average | $108,537 | -27.32% less |
Financial Advisors in Avon Lake, OH earn a median of $78,881 per year (2026 est.), which is 27.32% lower than the national median of $108,537 and 7.90% below the Ohio state average of $85,647.
Cost-of-Living Adjusted Salary
Avon Lake has a cost of living 9.30% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Avon Lake, OH has a cost-of-living index of 90.7 (below the national average of 100). A financial advisor earning $78,881 nominally has purchasing power equivalent to $86,969 in an average-cost city — an effective 10.25% boost.
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2019 BLS Actual
$63,846
2025 BLS Actual
$76,361
2026 Current Est.
$78,881
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Avon Lake (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $63,846 | Actual |
| 2020 | $64,922 | Actual |
| 2021 | $68,439 | Actual |
| 2022 | $69,326 | Actual |
| 2023 | $72,371 | Actual |
| 2024 | $79,378 | Actual |
| 2025 | $76,361 | Actual |
| 2026(current) | $78,881 | Estimated |
| 2027 | $81,484 | Projected |
Based on 7 years of BLS OEWS data for the Avon Lake metropolitan area, the median financial advisor salary grew 19.6% from $63,846 (2019) to $76,361 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $81,484 by 2027 — a total increase of $17,638 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Avon Lake 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) | $45,751 – $56,794 |
| 3-5 years (Mid Career) | $56,794 – $78,881 |
| 5+ years (Experienced) | $78,881 – $100,967 |
| 10+ years (Top Earner) | $100,967 – $122,266 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Avon Lake
The local job market for financial advisors shapes the compensation scenario significantly. With a cost-of-living index of 90.7, which is below the national average, advisors in Avon Lake may enjoy a favorable purchasing power despite lower salary figures compared to national trends. Notable employers like Morgan Stanley and Merrill Lynch stand out in the wirehouse segment, typically offering higher compensation due to their commission-based structures. Conversely, independent Registered Investment Advisors (RIAs) such as Cetera and Raymond James are attracting talent seeking a more fiduciary approach, often translating to steady income through an AUM-based fee model. The disparity in pay can be steep, driven by factors such as client concentration, advisor credentials, and firm affiliation. For those in Avon Lake looking to maximize their pay, focusing on obtaining CFP credentials, leveraging AUM, and building a network of high-net-worth clients are critical strategies in this competitive space.
More salary data for Avon Lake, OH:
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 $76,361 for financial advisorsin the Avon Lake 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 Avon Lake 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