Business & Finance Alabama (AL) Rank #44 of 50

Financial Advisor Salary in Alabama

The median financial advisor salary in Alabama is $82,989 per year, which is 13% below the national median of $95,390.

Median Salary
$82,989
vs National
$-12,401
State Rank
#44 of 50
Cost of Living
87%

Financial Advisor Salary Overview in Alabama (2026)

Alabama ranks #44 out of 50 states for financial advisor compensation. Financial Advisor salaries in Alabama are below the national median, though the lower cost of living can offset the difference. At $82,989 per year, financial advisors in Alabama earn $12,401 less than the national median of $95,390.

A key advantage of working in Alabama is its below-average cost of living (87% of the national index). This means the $82,989 salary has the purchasing power of roughly $95,390 in an average-cost area.

The salary spread in Alabama is significant: financial advisors at the 10th percentile earn $38,628, while those at the 90th percentile bring home $207,930 — a $169,302 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Alabama for this role is Huntsville, where the median reaches $87,759.

Nationally, financial advisor employment is projected to grow 13% over the next decade (much faster than average). This strong growth suggests increasing demand and competitive salaries in Alabama and beyond.

Financial Advisor Salary in Alabama by Experience

In Alabama, an entry-level financial advisor earns around $41,760, while experienced professionals earn up to $156,600 per year. The cost of living index in Alabama is 87% of the national average.

Entry Level (0-2 yrs)
$41,760
$-6,240 vs national
Mid Level (3-7 yrs)
$82,650
$-12,350 vs national
Senior Level (8+ yrs)
$156,600
$-23,400 vs national

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Salary Percentiles in Alabama

Percentile AL Salary
10th Percentile $38,628
25th Percentile $54,288
Median (50th) $82,989
75th Percentile $129,630
90th Percentile $207,930

Financial Advisor Salary by City in Alabama

The largest employment areas for financial advisors in Alabama include Birmingham, Huntsville, Montgomery, and Mobile. Salaries vary by city based on local cost of living and demand.

How to Become a Financial Advisor in Alabama

Education

Most financial advisor positions require a bachelor's degree. Alabama has several accredited institutions offering relevant programs.

Key Skills

Investment PlanningPortfolio ManagementTax PlanningClient RelationsFinancial AnalysisCFA/CFP

Job Outlook in Alabama

Nationally, financial advisor employment is projected to grow 13% over the next decade (much faster than average). Alabama's demand may vary based on local industry trends.

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Frequently Asked Questions: Financial Advisor Salary in Alabama

How much does a Financial Advisor make in Alabama? ▼
The median financial advisor salary in Alabama is $82,989 per year, which is 13% below the national median of $95,390. Salaries range from $38,628 (10th percentile) to $207,930 (90th percentile).
How much does a Financial Advisor make per hour in Alabama? ▼
Based on the median annual salary of $82,989, a financial advisor in Alabama earns approximately $40 per hour assuming a standard 2,080-hour work year.
Is Alabama a good state for financial advisors? ▼
Alabama ranks #44 out of 50 states for financial advisor pay. The cost of living index is 87% of the national average. Entry-level financial advisors earn $41,760, while senior professionals earn $156,600.
How does Alabama compare to other states for financial advisor salary? ▼
The highest paying state for financial advisors is Hawaii at $162,163. Alabama's median of $82,989 ranks #44 nationally. Nearby-ranked states include Missouri ($83,943) and South Dakota ($83,943).
What is the entry-level financial advisor salary in Alabama? ▼
An entry-level financial advisor in Alabama earns approximately $41,760 per year. With 3-7 years of experience, pay increases to around $82,650. Senior-level professionals with 8+ years earn up to $156,600.
What city in Alabama pays financial advisors the most? ▼
Huntsville is the highest paying city in Alabama for financial advisors, with a median salary of $87,759. Other cities include Birmingham and Montgomery.