Business & Finance Cleveland, OH Pop. 372,624

Financial Advisor Salary in Cleveland, Ohio

The median financial advisor salary in Cleveland, OH is $82,035 per year, which is 14% below the national median and 4.4% below the Ohio state average.

City Median
$82,035
vs State Avg
$-3,816
vs National
$-13,355
Cost of Living
86%

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

Cleveland offers a median financial advisor salary of $82,035, which is $3,816 below the Ohio state average of $85,851. Compared to the national median of $95,390, Cleveland pays below the national benchmark for this role.

One of Cleveland's biggest advantages is its low cost of living at 86% of the national average. This means the $82,035 salary stretches further here — equivalent to roughly $95,390 in an average-cost city. This makes Cleveland an attractive option for financial advisors seeking strong real-dollar compensation.

The salary range for financial advisors in Cleveland spans from $38,184 at the 10th percentile to $205,540 at the 90th percentile — a $167,356 spread. Entry-level professionals start around $41,280, while senior financial advisors with 8+ years of experience can earn up to $154,800. With a population of 372,624, Cleveland is a mid-sized metro with a growing job market.

Financial Advisor Salary in Cleveland by Experience

In Cleveland, an entry-level financial advisor earns around $41,280, while experienced professionals earn up to $154,800 per year. The local cost of living index is 86% of the national average.

Entry Level (0-2 yrs)
$41,280
$-6,720 vs national
Mid Level (3-7 yrs)
$81,700
$-13,300 vs national
Senior Level (8+ yrs)
$154,800
$-25,200 vs national

Salary Percentiles in Cleveland, OH

Percentile Cleveland
10th Percentile $38,184
25th Percentile $53,664
Median (50th) $82,035
75th Percentile $128,140
90th Percentile $205,540

Financial Advisor Salary in Other Ohio Cities

Columbus, OH
$90,621
Pop. 905,748
Cincinnati, OH
$85,851
Pop. 309,317
Akron, OH
$80,128
Pop. 190,469
Toledo, OH
$78,220
Pop. 270,871

How to Become a Financial Advisor in Cleveland

Education

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

Find Financial Advisor Jobs in Cleveland

Browse open financial advisor positions in Cleveland, OH:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Financial Advisor Salary in Cleveland

How much does a Financial Advisor make in Cleveland, OH? ▼
The median financial advisor salary in Cleveland, Ohio is $82,035 per year, which is 14% below the national median of $95,390. Salaries range from $38,184 (10th percentile) to $205,540 (90th percentile).
How much does a Financial Advisor make per hour in Cleveland? ▼
Based on the median annual salary of $82,035, a financial advisor in Cleveland earns approximately $39 per hour assuming a standard 2,080-hour work year.
How does Cleveland compare to the Ohio state average for financial advisor pay? ▼
Cleveland's median financial advisor salary of $82,035 is 4.4% below the Ohio state average of $85,851. The local cost of living index is 86% of the national average.
What is the cost of living in Cleveland, OH? ▼
Cleveland has a cost of living index of 86% compared to the national average. This means a financial advisor salary of $82,035 in Cleveland has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial advisor in Cleveland? ▼
Most financial advisor positions in Cleveland 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.