Business & Finance Covington, KY Pop. 40,961

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.

City Median
$83,943
vs State Avg
+$954
vs National
$-11,447
Cost of Living
88%

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.

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 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

Lexington, KY
$88,713
Pop. 322,570
Louisville, KY
$87,759
Pop. 633,045
Bowling Green, KY
$80,128
Pop. 74,735
Owensboro, KY
$78,220
Pop. 60,183

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

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 Covington may vary based on local industry and population growth.

Find Financial Advisor Jobs in Covington

Browse open financial advisor positions in Covington, KY:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Financial Advisor Salary in Covington

How much does a Financial Advisor make in Covington, KY? ▼
The median financial advisor salary in Covington, Kentucky 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 Covington? ▼
Based on the median annual salary of $83,943, a financial advisor in Covington earns approximately $40 per hour assuming a standard 2,080-hour work year.
How does Covington compare to the Kentucky state average for financial advisor pay? ▼
Covington's median financial advisor salary of $83,943 is 1.1% above the Kentucky state average of $82,989. The local cost of living index is 88% of the national average.
What is the cost of living in Covington, KY? ▼
Covington has a cost of living index of 88% compared to the national average. This means a financial advisor salary of $83,943 in Covington has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial advisor in Covington? ▼
Most financial advisor positions in Covington 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.