Business & Finance Silver Spring, MD Pop. 81,015

Financial Advisor Salary in Silver Spring, Maryland

The median financial advisor salary in Silver Spring, MD is $121,145 per year, which is 27.0% above the national median and 10.4% above the Maryland state average.

City Median
$121,145
vs State Avg
+$11,446
vs National
+$25,755
Cost of Living
122%

Financial Advisor Pay in Silver Spring: What to Expect (2026)

Silver Spring offers a median financial advisor salary of $121,145, which is $11,446 above the Maryland state average of $109,699. Compared to the national median of $95,390, Silver Spring pays above average for this role.

However, Silver Spring's cost of living index is 122%, significantly above the national average. After adjusting for local costs, the $121,145 salary has an effective purchasing power of approximately $99,299. Housing, transportation, and food costs in Silver Spring should be factored into any relocation or job-change decision.

The salary range for financial advisors in Silver Spring spans from $56,388 at the 10th percentile to $303,530 at the 90th percentile — a $247,142 spread. Entry-level professionals start around $60,960, while senior financial advisors with 8+ years of experience can earn up to $228,600. Silver Spring is a smaller market (pop. 81,015), which may mean fewer openings but also less competition for available positions.

Financial Advisor Salary in Silver Spring by Experience

In Silver Spring, an entry-level financial advisor earns around $60,960, while experienced professionals earn up to $228,600 per year. The local cost of living index is 122% of the national average.

Entry Level (0-2 yrs)
$60,960
+$12,960 vs national
Mid Level (3-7 yrs)
$120,650
+$25,650 vs national
Senior Level (8+ yrs)
$228,600
+$48,600 vs national

Salary Percentiles in Silver Spring, MD

Percentile Silver Spring
10th Percentile $56,388
25th Percentile $79,248
Median (50th) $121,145
75th Percentile $189,230
90th Percentile $303,530

Financial Advisor Salary in Other Maryland Cities

Columbia, MD
$117,330
Pop. 104,681
Germantown, MD
$114,468
Pop. 90,676
Baltimore, MD
$107,791
Pop. 585,708
Waldorf, MD
$104,929
Pop. 77,000

How to Become a Financial Advisor in Silver Spring

Education

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

Find Financial Advisor Jobs in Silver Spring

Browse open financial advisor positions in Silver Spring, MD:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Financial Advisor Salary in Silver Spring

How much does a Financial Advisor make in Silver Spring, MD? ▼
The median financial advisor salary in Silver Spring, Maryland is $121,145 per year, which is 27.0% above the national median of $95,390. Salaries range from $56,388 (10th percentile) to $303,530 (90th percentile).
How much does a Financial Advisor make per hour in Silver Spring? ▼
Based on the median annual salary of $121,145, a financial advisor in Silver Spring earns approximately $58 per hour assuming a standard 2,080-hour work year.
How does Silver Spring compare to the Maryland state average for financial advisor pay? ▼
Silver Spring's median financial advisor salary of $121,145 is 10.4% above the Maryland state average of $109,699. The local cost of living index is 122% of the national average.
What is the cost of living in Silver Spring, MD? ▼
Silver Spring has a cost of living index of 122% compared to the national average. This means a financial advisor salary of $121,145 in Silver Spring has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial advisor in Silver Spring? ▼
Most financial advisor positions in Silver Spring 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.