Financial Advisor Salary in Chicago, Illinois
The median financial advisor salary in Chicago, IL is $107,791 per year, which is 13.0% above the national median and 11.9% above the Illinois state average.
Financial Advisor Pay in Chicago: What to Expect (2026)
Chicago offers a median financial advisor salary of $107,791, which is $11,447 above the Illinois state average of $96,344. Compared to the national median of $95,390, Chicago pays above average for this role.
Chicago's cost of living is 107% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.
The salary range for financial advisors in Chicago spans from $50,172 at the 10th percentile to $270,070 at the 90th percentile — a $219,898 spread. Entry-level professionals start around $54,240, while senior financial advisors with 8+ years of experience can earn up to $203,400. As a major metro area with a population of 2,693,976, Chicago typically offers more job opportunities and employer competition, which can drive salaries higher.
Financial Advisor Salary in Chicago by Experience
In Chicago, an entry-level financial advisor earns around $54,240, while experienced professionals earn up to $203,400 per year. The local cost of living index is 107% of the national average.
Salary Percentiles in Chicago, IL
| Percentile | Chicago |
|---|---|
| 10th Percentile | $50,172 |
| 25th Percentile | $70,512 |
| Median (50th) | $107,791 |
| 75th Percentile | $168,370 |
| 90th Percentile | $270,070 |
Financial Advisor Salary in Other Illinois Cities
How to Become a Financial Advisor in Chicago
Education
Most financial advisor positions require a bachelor's degree. Chicago and the surrounding Illinois area have institutions offering relevant programs.
Key Skills
Job Outlook
Nationally, financial advisor employment is projected to grow 13% over the next decade (much faster than average). Demand in Chicago may vary based on local industry and population growth.
Find Financial Advisor Jobs in Chicago
Browse open financial advisor positions in Chicago, IL: