Financial Advisor Salary in Lynn, MA
How much does a financial advisor make in Lynn? Explore median, entry-level, and senior salaries adjusted for Lynn's cost of living.
Salary Breakdown by Experience Level
See how financial advisor salaries break down across different pay periods in Lynn.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $53,991 | $93,257 | $132,524 |
| Monthly | $4,499 | $7,771 | $11,044 |
| Biweekly | $2,077 | $3,587 | $5,097 |
| Weekly | $1,038 | $1,793 | $2,549 |
| Hourly | $26 | $45 | $64 |
Lynn vs National Average
How Lynn's financial advisor salaries compare to national figures.
Cost of Living in Lynn
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
Growth Rate
Expected job growth: +21% over the next decade
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Financial Advisor Salary in Lynn, MA — Complete Guide
Median Salary Overview
The median salary for a financial advisor in Lynn, MA is $93,257 per year, adjusted for the local cost of living index of 118. This figure reflects typical earnings for experienced professionals in this role, considering Lynn's unique economic conditions.
Salary Range and Experience Levels
Entry-level financial advisor professionals in Lynn can expect to earn around $53,991 annually. As professionals gain experience, salaries typically increase, with senior-level financial advisors earning approximately $132,524 per year. This represents a 145% increase from entry to senior level.
Cost of Living Adjustment
Lynn's cost of living index of 118 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Lynn 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 Lynn typically goes toward housing. With a 1-bedroom apartment averaging $1,550 per month, housing represents about 19.9% 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 Lynn, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.