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 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.