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 Pay in Carmel: What to Expect (2026)

Carmel offers a median financial advisor salary of $100,160, which is $14,309 above the Indiana state average of $85,851. Compared to the national median of $95,390, Carmel pays above average for this role.

Carmel's cost of living is 105% 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 Carmel spans from $46,620 at the 10th percentile to $250,950 at the 90th percentile — a $204,330 spread. Entry-level professionals start around $50,400, while senior financial advisors with 8+ years of experience can earn up to $189,000. Carmel is a smaller market (pop. 99,757), which may mean fewer openings but also less competition for available positions.

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.

Find Financial Advisor Jobs in Carmel

Browse open financial advisor positions in Carmel, IN:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Financial Advisor Salary in Carmel

How much does a Financial Advisor make in Carmel, IN? ▼
The median financial advisor salary in Carmel, Indiana is $100,160 per year, which is 5.0% above the national median of $95,390. Salaries range from $46,620 (10th percentile) to $250,950 (90th percentile).
How much does a Financial Advisor make per hour in Carmel? ▼
Based on the median annual salary of $100,160, a financial advisor in Carmel earns approximately $48 per hour assuming a standard 2,080-hour work year.
How does Carmel compare to the Indiana state average for financial advisor pay? ▼
Carmel's median financial advisor salary of $100,160 is 16.7% above the Indiana state average of $85,851. The local cost of living index is 105% of the national average.
What is the cost of living in Carmel, IN? ▼
Carmel has a cost of living index of 105% compared to the national average. This means a financial advisor salary of $100,160 in Carmel has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial advisor in Carmel? ▼
Most financial advisor positions in Carmel 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.