Business & Finance Rockford, IL Pop. 148,655

Financial Advisor Salary in Rockford, Illinois

The median financial advisor salary in Rockford, IL is $83,943 per year, which is 12% below the national median and 12.9% below the Illinois state average.

City Median
$83,943
vs State Avg
$-12,401
vs National
$-11,447
Cost of Living
82%

Financial Advisor Salary in Rockford by Experience

In Rockford, an entry-level financial advisor earns around $42,240, while experienced professionals earn up to $158,400 per year. The local cost of living index is 82% of the national average.

Entry Level (0-2 yrs)
$42,240
$-5,760 vs national
Mid Level (3-7 yrs)
$83,600
$-11,400 vs national
Senior Level (8+ yrs)
$158,400
$-21,600 vs national

Salary Percentiles in Rockford, IL

Percentile Rockford
10th Percentile $39,072
25th Percentile $54,912
Median (50th) $83,943
75th Percentile $131,120
90th Percentile $210,320

Financial Advisor Salary in Other Illinois Cities

Naperville, IL
$108,745
Pop. 149,540
Chicago, IL
$107,791
Pop. 2,693,976
Aurora, IL
$96,344
Pop. 197,757
Springfield, IL
$86,805
Pop. 114,394

How to Become a Financial Advisor in Rockford

Education

Most financial advisor positions require a bachelor's degree. Rockford and the surrounding Illinois 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 Rockford may vary based on local industry and population growth.

Find Financial Advisor Jobs in Rockford

Browse open financial advisor positions in Rockford, IL:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Financial Advisor Salary in Rockford

How much does a Financial Advisor make in Rockford, IL? ▼
The median financial advisor salary in Rockford, Illinois is $83,943 per year, which is 12% below the national median of $95,390. Salaries range from $39,072 (10th percentile) to $210,320 (90th percentile).
How much does a Financial Advisor make per hour in Rockford? ▼
Based on the median annual salary of $83,943, a financial advisor in Rockford earns approximately $40 per hour assuming a standard 2,080-hour work year.
How does Rockford compare to the Illinois state average for financial advisor pay? ▼
Rockford's median financial advisor salary of $83,943 is 12.9% below the Illinois state average of $96,344. The local cost of living index is 82% of the national average.
What is the cost of living in Rockford, IL? ▼
Rockford has a cost of living index of 82% compared to the national average. This means a financial advisor salary of $83,943 in Rockford has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial advisor in Rockford? ▼
Most financial advisor positions in Rockford 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.