Financial Advisor Salary in Richardson, TX: $87,757 (2026)
Quick Answer:A full-time financial advisor in Richardson, TX earns a median $87,757/year (≈ $42.19/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Richardson's price level (4% below national, BEA RPP 96.0), that paycheck buys what $91,414 would nationally. Nominal pay sits 1.2% above the Texas state average.
Based on BLS state-level estimates · View source
Financial advisors in Richardson, TX, can expect a median annual salary of $87,757, positioning the city below the national median of $108,537. The salary range for this profession spans from $50,899 at the 10th percentile to $136,024 at the 90th percentile, reflecting the varying compensation structures influenced by the wirehouse versus RIA fiduciary model. In this bifurcated market, rich compensation packages often correlate with assets under management (AUM) that advisors handle, as the fee-only model at RIAs typically offers greater earning potential compared to commission-based structures common in wirehouses. Local estimates based on 2025 BLS data, projected to 2026, suggest that the financial advisor pay in Richardson is shaped by both the competitive job market and general economic conditions in the area.
About the Richardson Market
Salary estimated from Texas average ($112,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $50,899 | $24.47 |
| Lower Range (P25) | $63,186 | $30.38 |
| Median (P50)(typical) | $87,757 | $42.19 |
| Upper Range (P75) | $112,329 | $54.01 |
| Top Earners (P90) | $136,024 | $65.40 |
Median Salary Position
19.15% below the national average
2026 Salary Percentile Distribution in Richardson
In Richardson, TX, the financial advisor salary spread from the 10th to 90th percentile is $85,125 (2026 est.). At $87,757, the local median is 19.15% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Richardson: You'd be in the lower-middle range
How Richardson Financial Advisor Pay Compares
Richardson median: $87,757/year (2026)
| Compared To | Median Salary | Richardson Pays |
|---|---|---|
| Texas Average | $86,717 | +1.20% more |
| National Average | $108,537 | -19.15% less |
Financial Advisors in Richardson, TX earn a median of $87,757 per year (2026 est.), which is 19.15% lower than the national median of $108,537 and 1.20% above the Texas state average of $86,717.
Cost-of-Living Adjusted Salary
Richardson has a cost of living 4.00% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Richardson, TX has a cost-of-living index of 96 (below the national average of 100). A financial advisor earning $87,757 nominally has purchasing power equivalent to $91,414 in an average-cost city — an effective 4.17% boost.
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2019 BLS Actual
$71,031
2025 BLS Actual
$84,954
2026 Current Est.
$87,757
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Richardson (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $71,031 | Actual |
| 2020 | $72,227 | Actual |
| 2021 | $76,141 | Actual |
| 2022 | $77,127 | Actual |
| 2023 | $80,515 | Actual |
| 2024 | $108,851 | Actual |
| 2025 | $84,954 | Actual |
| 2026(current) | $87,757 | Estimated |
| 2027 | $90,653 | Projected |
Based on 7 years of BLS OEWS data for the Richardson metropolitan area, the median financial advisor salary grew 19.6% from $71,031 (2019) to $84,954 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $90,653 by 2027 — a total increase of $19,622 (27.62%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Richardson 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) | $50,899 – $63,186 |
| 3-5 years (Mid Career) | $63,186 – $87,757 |
| 5+ years (Experienced) | $87,757 – $112,329 |
| 10+ years (Top Earner) | $112,329 – $136,024 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Richardson
In Richardson, there are currently 24 financial advisors employed, which indicates a modest local market for this profession. The cost of living index in the area stands at 96, slightly below the national average, providing financial advisors with a favorable purchasing power. Notably, firms such as Morgan Stanley and Merrill Lynch represent the highest-paying options among wirehouses, while independent broker-dealers like Raymond James and fee-only RIAs may offer lucrative opportunities, especially for those with experience and credentials like CFP or CFA. The pay differential in Richardson can largely be attributed to factors such as AUM book size, fee models, and the potential for partner equity positions at RIAs. To maximize financial advisor salaries in Richardson, professionals should focus on building a strong client base, pursuing advanced certifications, and considering career options in firms that reward fiduciary practices and asset management expertise.
More salary data for Richardson, TX:
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 $84,954 for financial advisorsin the Richardson 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 Richardson 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