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Financial Advisor Salary in Cape Coral, FL

How much does a financial advisor make in Cape Coral? Explore median, entry-level, and senior salaries adjusted for Cape Coral's cost of living.

Median Salary
$96,180
per year in Cape Coral
Entry Level
$55,683
Starting salary
Senior Level
$136,677
Experienced professionals
Cost of Living
105
5% above national avg

Salary Breakdown by Experience Level

See how financial advisor salaries break down across different pay periods in Cape Coral.

PeriodEntry LevelMedianSenior
Annual$55,683$96,180$136,677
Monthly$4,640$8,015$11,390
Biweekly$2,142$3,699$5,257
Weekly$1,071$1,850$2,628
Hourly$27$46$66

Cape Coral vs National Average

How Cape Coral's financial advisor salaries compare to national figures.

Cape Coral Salary
$96,180
COL Index: 105
National Average
$64,780
COL Index: 100
Difference
+$31,400
Higher in Cape Coral

Cost of Living in Cape Coral

1-Bedroom Rent
$1,400
per month
Median Income
$58,420
per year
Population
204,510
residents
Rent % of Income
28.8%
median household
Cost of Living Index: 105 — A score of 100 represents the U.S. average. Salaries in Cape Coral have been adjusted to account for local cost differences.

About Financial Advisor

Overview

Advise clients on investments, retirement planning, and financial goals.

Education

Bachelor's degree in Finance or related field; CFP certification recommended

Key Skills

Investment ManagementFinancial PlanningClient CommunicationAnalysis

Growth Rate

Expected job growth: +21% over the next decade

Compare Cities: Financial Advisor Salary

See Financial Advisor salaries in other top cities.

New York, NY
$168,350
+75%
Los Angeles, CA
$121,940
+27%
Chicago, IL
$108,640
+13%
Houston, TX
$81,280
-15%
Phoenix, AZ
$91,490
-5%

Financial Tools to Explore

Use these Pulsafi calculators to understand your finances based on a financial advisor salary in Cape Coral.

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Cost of Living Calculator

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Rent vs Buy Calculator

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Financial Advisor Salary in Cape Coral, FL — Complete Guide

Median Salary Overview

The median salary for a financial advisor in Cape Coral, FL is $96,180 per year, adjusted for the local cost of living index of 105. This figure reflects typical earnings for experienced professionals in this role, considering Cape Coral's unique economic conditions.

Salary Range and Experience Levels

Entry-level financial advisor professionals in Cape Coral can expect to earn around $55,683 annually. As professionals gain experience, salaries typically increase, with senior-level financial advisors earning approximately $136,677 per year. This represents a 145% increase from entry to senior level.

Cost of Living Adjustment

Cape Coral's cost of living index of 105 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Cape Coral are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $64,780, the actual purchasing power must be considered in context.

Housing and Affordability

A significant portion of a financial advisor's salary in Cape Coral typically goes toward housing. With a 1-bedroom apartment averaging $1,400 per month, housing represents about 17.5% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.

Career Growth and Opportunities

Financial Advisors are in growing demand across the United States, with an expected job growth of 21% over the next decade. In Cape Coral, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.

Source: BLS OEWS May 2024Metro-level wage data for this occupation and area
Data source: Salary data on this page are sourced from Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) program May 2024 estimates. Figures are approximate and intended for informational purposes only. Actual salaries may vary based on employer, experience, education, certifications, and local market conditions. This page does not constitute financial or career advice. For the most current wage data, visit bls.gov.