Business & Finance Carmel, IN Pop. 99,757

Financial Advisor Salary in Carmel, Indiana

The median financial advisor salary in Carmel, IN is $100,160 per year, which is 5.0% above the national median and 16.7% above the Indiana state average.

City Median
$100,160
vs State Avg
+$14,309
vs National
+$4,770
Cost of Living
105%

Financial Advisor Salary in Carmel by Experience

In Carmel, an entry-level financial advisor earns around $50,400, while experienced professionals earn up to $189,000 per year. The local cost of living index is 105% of the national average.

Entry Level (0-2 yrs)
$50,400
+$2,400 vs national
Mid Level (3-7 yrs)
$99,750
+$4,750 vs national
Senior Level (8+ yrs)
$189,000
+$9,000 vs national

Salary Percentiles in Carmel, IN

Percentile Carmel
10th Percentile $46,620
25th Percentile $65,520
Median (50th) $100,160
75th Percentile $156,450
90th Percentile $250,950

Financial Advisor Salary in Other Indiana Cities

Indianapolis, IN
$88,713
Pop. 887,642
Fort Wayne, IN
$81,082
Pop. 263,886
Evansville, IN
$80,128
Pop. 117,429
South Bend, IN
$79,174
Pop. 103,453

How to Become a Financial Advisor in Carmel

Education

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