Business & Finance Rochester, MN Pop. 121,395

Financial Advisor Salary in Rochester, Minnesota

The median financial advisor salary in Rochester, MN is $95,390 per year, which is 0.0% above the national median and 1.0% above the Minnesota state average.

City Median
$95,390
vs State Avg
+$954
vs National
+$0
Cost of Living
98%

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

Rochester offers a median financial advisor salary of $95,390, which is $954 above the Minnesota state average of $94,436. Compared to the national median of $95,390, Rochester pays above average for this role.

Rochester's cost of living is 98% 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 Rochester spans from $44,400 at the 10th percentile to $239,000 at the 90th percentile — a $194,600 spread. Entry-level professionals start around $48,000, while senior financial advisors with 8+ years of experience can earn up to $180,000. With a population of 121,395, Rochester is a mid-sized metro with a growing job market.

Financial Advisor Salary in Rochester by Experience

In Rochester, an entry-level financial advisor earns around $48,000, while experienced professionals earn up to $180,000 per year. The local cost of living index is 98% of the national average.

Entry Level (0-2 yrs)
$48,000
+$0 vs national
Mid Level (3-7 yrs)
$95,000
+$0 vs national
Senior Level (8+ yrs)
$180,000
+$0 vs national

Salary Percentiles in Rochester, MN

Percentile Rochester
10th Percentile $44,400
25th Percentile $62,400
Median (50th) $95,390
75th Percentile $149,000
90th Percentile $239,000

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
Duluth, MN
$87,759
Pop. 90,884

How to Become a Financial Advisor in Rochester

Education

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

Find Financial Advisor Jobs in Rochester

Browse open financial advisor positions in Rochester, MN:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Financial Advisor Salary in Rochester

How much does a Financial Advisor make in Rochester, MN? ▼
The median financial advisor salary in Rochester, Minnesota is $95,390 per year, which is 0.0% above the national median of $95,390. Salaries range from $44,400 (10th percentile) to $239,000 (90th percentile).
How much does a Financial Advisor make per hour in Rochester? ▼
Based on the median annual salary of $95,390, a financial advisor in Rochester earns approximately $46 per hour assuming a standard 2,080-hour work year.
How does Rochester compare to the Minnesota state average for financial advisor pay? ▼
Rochester's median financial advisor salary of $95,390 is 1.0% above the Minnesota state average of $94,436. The local cost of living index is 98% of the national average.
What is the cost of living in Rochester, MN? ▼
Rochester has a cost of living index of 98% compared to the national average. This means a financial advisor salary of $95,390 in Rochester has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial advisor in Rochester? ▼
Most financial advisor positions in Rochester 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.