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Financial Advisor Salary in Cleveland, OH β€” 2026 Guide

Estimated salaries are adjusted for Cleveland's cost of living (index: 85). National data from BLS OEWS 2024; city adjustments reflect local market conditions.

Financial Advisor Salary in Cleveland β€” Key Numbers

$84,643
Median Salary
$51,094
25th Percentile
$139,783
75th Percentile
$203,320
90th Percentile
National median (Financial Advisor)$99,580
vs. National median-15.0%
Cleveland median household income$52,600
vs. City household income+60.9%

Cost of Living in Cleveland

Cost of Living Index
85(100 = avg)
Median Monthly Rent$950/mo
Rent-to-Income Ratio13.5%
Annual rent cost$11,400
Median Home Price$175,000
Home Price / Salary2.1Γ—
20% Down Payment$35,000
Years to save (20% rate)2.1 yrs

Rent-to-income below 28% is considered affordable; above 35% is cost-burdened. Home price multiple below 3Γ— is affordable; above 5Γ— is expensive by traditional guidelines.

Job Market in Cleveland

5.4%
Unemployment Rate
2,010,000
Metro Population
25 min
Avg Commute
37.8
Median Age

Cleveland has a metro population of 2,010,000, offering a large, diverse job market with many employers across all industries. The 5.4% unemployment rate is near the national average.

Frequently Asked Questions

How much does a Financial Advisor make in Cleveland, OH?

The estimated median salary for a Financial Advisor in Cleveland is $84,643 per year (2026). This is derived from the national BLS median of $99,580 adjusted by Cleveland's cost of living index (85). The typical salary range runs from $51,094 (25th percentile) to $139,783 (75th percentile), with top earners reaching $203,320.

Is Cleveland affordable for a Financial Advisor?

On a $84,643 annual salary, a Financial Advisor in Cleveland would spend approximately 13.5% of gross monthly income on median rent ($950/month). This is well within the 28% affordability threshold, making Cleveland relatively affordable for this profession. The median home price of $175,000 is 2.1Γ— the annual salary.

How does a Financial Advisor's salary compare to Cleveland's overall income?

Cleveland's median household income is $52,600. A Financial Advisor earning the city-adjusted median of $84,643 earns 60.9% more than the typical Cleveland household β€” placing them solidly in the middle-to-upper income tier for the city.

Salary data from U.S. Bureau of Labor Statistics (BLS) OEWS, 2024 release. City salary estimates adjusted by cost of living index. City data from Census Bureau, BLS, Zillow, and ApartmentAdvisor (2024–2025). Last updated: March 2026.