Business & Finance Maine (ME) Rank #21 of 50

Financial Advisor Salary in Maine

The median financial advisor salary in Maine is $93,482 per year, which is 2% below the national median of $95,390.

Median Salary
$93,482
vs National
$-1,908
State Rank
#21 of 50
Cost of Living
98%

Financial Advisor Salary in Maine by Experience

In Maine, an entry-level financial advisor earns around $47,040, while experienced professionals earn up to $176,400 per year. The cost of living index in Maine is 98% of the national average.

Entry Level (0-2 yrs)
$47,040
$-960 vs national
Mid Level (3-7 yrs)
$93,100
$-1,900 vs national
Senior Level (8+ yrs)
$176,400
$-3,600 vs national

Salary Percentiles in Maine

Percentile ME Salary
10th Percentile $43,512
25th Percentile $61,152
Median (50th) $93,482
75th Percentile $146,020
90th Percentile $234,220

Major Cities for Financial Advisors in Maine

The largest employment areas for financial advisors in Maine include Portland, Lewiston, Bangor, and South Portland. Salaries in major metro areas may be higher due to increased demand and cost of living.

Portland, ME
Metro area for financial advisor employment
Lewiston, ME
Metro area for financial advisor employment
Bangor, ME
Metro area for financial advisor employment
South Portland, ME
Metro area for financial advisor employment
Auburn, ME
Metro area for financial advisor employment

How to Become a Financial Advisor in Maine

Education

Most financial advisor positions require a bachelor's degree. Maine has several accredited institutions offering relevant programs.

Key Skills

Investment PlanningPortfolio ManagementTax PlanningClient RelationsFinancial AnalysisCFA/CFP

Job Outlook in Maine

Nationally, financial advisor employment is projected to grow 13% over the next decade (much faster than average). Maine's demand may vary based on local industry trends.