Financial Advisor Salary in Covington, Kentucky
The median financial advisor salary in Covington, KY is $83,943 per year, which is 12% below the national median and 1.1% above the Kentucky state average.
Financial Advisor Pay in Covington: What to Expect (2026)
Covington offers a median financial advisor salary of $83,943, which is $954 above the Kentucky state average of $82,989. Compared to the national median of $95,390, Covington pays below the national benchmark for this role.
One of Covington's biggest advantages is its low cost of living at 88% of the national average. This means the $83,943 salary stretches further here — equivalent to roughly $95,390 in an average-cost city. This makes Covington an attractive option for financial advisors seeking strong real-dollar compensation.
The salary range for financial advisors in Covington spans from $39,072 at the 10th percentile to $210,320 at the 90th percentile — a $171,248 spread. Entry-level professionals start around $42,240, while senior financial advisors with 8+ years of experience can earn up to $158,400. Covington is a smaller market (pop. 40,961), which may mean fewer openings but also less competition for available positions.
Financial Advisor Salary in Covington by Experience
In Covington, 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 88% of the national average.
Salary Percentiles in Covington, KY
| Percentile | Covington |
|---|---|
| 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 Kentucky Cities
How to Become a Financial Advisor in Covington
Education
Most financial advisor positions require a bachelor's degree. Covington and the surrounding Kentucky 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 Covington may vary based on local industry and population growth.
Find Financial Advisor Jobs in Covington
Browse open financial advisor positions in Covington, KY: