Business & Finance Springfield, IL Pop. 114,394

Financial Advisor Salary in Springfield, Illinois

The median financial advisor salary in Springfield, IL is $86,805 per year, which is 9% below the national median and 9.9% below the Illinois state average.

City Median
$86,805
vs State Avg
$-9,539
vs National
$-8,585
Cost of Living
85%

Financial Advisor Pay in Springfield: What to Expect (2026)

Springfield offers a median financial advisor salary of $86,805, which is $9,539 below the Illinois state average of $96,344. Compared to the national median of $95,390, Springfield pays below the national benchmark for this role.

One of Springfield's biggest advantages is its low cost of living at 85% of the national average. This means the $86,805 salary stretches further here — equivalent to roughly $102,124 in an average-cost city. This makes Springfield an attractive option for financial advisors seeking strong real-dollar compensation.

The salary range for financial advisors in Springfield spans from $40,404 at the 10th percentile to $217,490 at the 90th percentile — a $177,086 spread. Entry-level professionals start around $43,680, while senior financial advisors with 8+ years of experience can earn up to $163,800. With a population of 114,394, Springfield is a mid-sized metro with a growing job market.

Financial Advisor Salary in Springfield by Experience

In Springfield, an entry-level financial advisor earns around $43,680, while experienced professionals earn up to $163,800 per year. The local cost of living index is 85% of the national average.

Entry Level (0-2 yrs)
$43,680
$-4,320 vs national
Mid Level (3-7 yrs)
$86,450
$-8,550 vs national
Senior Level (8+ yrs)
$163,800
$-16,200 vs national

Salary Percentiles in Springfield, IL

Percentile Springfield
10th Percentile $40,404
25th Percentile $56,784
Median (50th) $86,805
75th Percentile $135,590
90th Percentile $217,490

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
Rockford, IL
$83,943
Pop. 148,655

How to Become a Financial Advisor in Springfield

Education

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

Find Financial Advisor Jobs in Springfield

Browse open financial advisor positions in Springfield, IL:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Financial Advisor Salary in Springfield

How much does a Financial Advisor make in Springfield, IL? ▼
The median financial advisor salary in Springfield, Illinois is $86,805 per year, which is 9% below the national median of $95,390. Salaries range from $40,404 (10th percentile) to $217,490 (90th percentile).
How much does a Financial Advisor make per hour in Springfield? ▼
Based on the median annual salary of $86,805, a financial advisor in Springfield earns approximately $42 per hour assuming a standard 2,080-hour work year.
How does Springfield compare to the Illinois state average for financial advisor pay? ▼
Springfield's median financial advisor salary of $86,805 is 9.9% below the Illinois state average of $96,344. The local cost of living index is 85% of the national average.
What is the cost of living in Springfield, IL? ▼
Springfield has a cost of living index of 85% compared to the national average. This means a financial advisor salary of $86,805 in Springfield has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial advisor in Springfield? ▼
Most financial advisor positions in Springfield 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.