Business & Finance Miami, FL Pop. 442,241

Financial Advisor Salary in Miami, Florida

The median financial advisor salary in Miami, FL is $112,560 per year, which is 18.0% above the national median and 20.4% above the Florida state average.

City Median
$112,560
vs State Avg
+$19,078
vs National
+$17,170
Cost of Living
118%

Financial Advisor Salary in Miami by Experience

In Miami, an entry-level financial advisor earns around $56,640, while experienced professionals earn up to $212,400 per year. The local cost of living index is 118% of the national average.

Entry Level (0-2 yrs)
$56,640
+$8,640 vs national
Mid Level (3-7 yrs)
$112,100
+$17,100 vs national
Senior Level (8+ yrs)
$212,400
+$32,400 vs national

Salary Percentiles in Miami, FL

Percentile Miami
10th Percentile $52,392
25th Percentile $73,632
Median (50th) $112,560
75th Percentile $175,820
90th Percentile $282,020

Financial Advisor Salary in Other Florida Cities

Fort Lauderdale, FL
$109,698
Pop. 182,760
Orlando, FL
$97,298
Pop. 307,573
Tampa, FL
$95,390
Pop. 384,959
Jacksonville, FL
$90,621
Pop. 949,611

How to Become a Financial Advisor in Miami

Education

Most financial advisor positions require a bachelor's degree. Miami and the surrounding Florida area have institutions offering relevant programs.

Key Skills

Investment PlanningPortfolio ManagementTax PlanningClient RelationsFinancial AnalysisCFA/CFP

Job Outlook

Nationally, financial advisor employment is projected to grow 13% over the next decade (much faster than average). Demand in Miami may vary based on local industry and population growth.

Find Financial Advisor Jobs in Miami

Browse open financial advisor positions in Miami, FL:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Financial Advisor Salary in Miami

How much does a Financial Advisor make in Miami, FL? ▼
The median financial advisor salary in Miami, Florida is $112,560 per year, which is 18.0% above the national median of $95,390. Salaries range from $52,392 (10th percentile) to $282,020 (90th percentile).
How much does a Financial Advisor make per hour in Miami? ▼
Based on the median annual salary of $112,560, a financial advisor in Miami earns approximately $54 per hour assuming a standard 2,080-hour work year.
How does Miami compare to the Florida state average for financial advisor pay? ▼
Miami's median financial advisor salary of $112,560 is 20.4% above the Florida state average of $93,482. The local cost of living index is 118% of the national average.
What is the cost of living in Miami, FL? ▼
Miami has a cost of living index of 118% compared to the national average. This means a financial advisor salary of $112,560 in Miami has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial advisor in Miami? ▼
Most financial advisor positions in Miami require a bachelor's degree. Key skills include Investment Planning, Portfolio Management, Tax Planning, Client Relations. The job market is projected to grow 13% nationally over the next decade.