Business & Finance Duluth, MN Pop. 90,884

Financial Advisor Salary in Duluth, Minnesota

The median financial advisor salary in Duluth, MN is $87,759 per year, which is 8% below the national median and 7.1% below the Minnesota state average.

City Median
$87,759
vs State Avg
$-6,677
vs National
$-7,631
Cost of Living
90%

Financial Advisor Pay in Duluth: What to Expect (2026)

Duluth offers a median financial advisor salary of $87,759, which is $6,677 below the Minnesota state average of $94,436. Compared to the national median of $95,390, Duluth pays below the national benchmark for this role.

Duluth's cost of living is 90% 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 Duluth spans from $40,848 at the 10th percentile to $219,880 at the 90th percentile — a $179,032 spread. Entry-level professionals start around $44,160, while senior financial advisors with 8+ years of experience can earn up to $165,600. Duluth is a smaller market (pop. 90,884), which may mean fewer openings but also less competition for available positions.

Financial Advisor Salary in Duluth by Experience

In Duluth, an entry-level financial advisor earns around $44,160, while experienced professionals earn up to $165,600 per year. The local cost of living index is 90% of the national average.

Entry Level (0-2 yrs)
$44,160
$-3,840 vs national
Mid Level (3-7 yrs)
$87,400
$-7,600 vs national
Senior Level (8+ yrs)
$165,600
$-14,400 vs national

Salary Percentiles in Duluth, MN

Percentile Duluth
10th Percentile $40,848
25th Percentile $57,408
Median (50th) $87,759
75th Percentile $137,080
90th Percentile $219,880

Financial Advisor Salary in Other Minnesota Cities

Minneapolis, MN
$102,067
Pop. 429,954
Bloomington, MN
$99,206
Pop. 89,987
Saint Paul, MN
$97,298
Pop. 311,527
Rochester, MN
$95,390
Pop. 121,395

How to Become a Financial Advisor in Duluth

Education

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

Find Financial Advisor Jobs in Duluth

Browse open financial advisor positions in Duluth, MN:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Financial Advisor Salary in Duluth

How much does a Financial Advisor make in Duluth, MN? ▼
The median financial advisor salary in Duluth, Minnesota is $87,759 per year, which is 8% below the national median of $95,390. Salaries range from $40,848 (10th percentile) to $219,880 (90th percentile).
How much does a Financial Advisor make per hour in Duluth? ▼
Based on the median annual salary of $87,759, a financial advisor in Duluth earns approximately $42 per hour assuming a standard 2,080-hour work year.
How does Duluth compare to the Minnesota state average for financial advisor pay? ▼
Duluth's median financial advisor salary of $87,759 is 7.1% below the Minnesota state average of $94,436. The local cost of living index is 90% of the national average.
What is the cost of living in Duluth, MN? ▼
Duluth has a cost of living index of 90% compared to the national average. This means a financial advisor salary of $87,759 in Duluth has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial advisor in Duluth? ▼
Most financial advisor positions in Duluth 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.