Financial Advisor · Salary Comparison · 2026
Financial Advisor Salary: Minneapolis, MN vs Boston, MA
Side-by-side comparison of salary, taxes, cost of living, and take-home pay for Financial Advisors in Minneapolis, MN and Boston, MA, based on BLS OEWS 2026 data.
1Which City Pays More After Tax?
Higher Gross Salary
✓ Boston, MA
$91,000 vs $112,000
Better Purchasing Power
✓ Minneapolis, MN
$81,982 vs $69,136
Best Take-Home (COL-Adj)
✓ Minneapolis, MN
$70,600 vs $60,688
2
Detailed Comparison
| Metric | Minneapolis, MN | Boston, MA | Diff |
|---|---|---|---|
| Median Annual Salary | $91,000 | $112,000▲ | -$21,000 |
| 25th Percentile | $70,070 | $86,240▲ | -$16,170 |
| 75th Percentile | $116,480 | $143,360▲ | -$26,880 |
| 90th Percentile | $145,600 | $179,200▲ | -$33,600 |
| Cost of Living Index | 111 | 162 | -51 |
| State Income Tax | 6.8% | 5%▲ | +1.7999999999999998% |
| COL-Adjusted Median | $81,982▲ | $69,136 | +$12,846 |
| Est. Annual Take-Home | $78,366 | $98,314▲ | -$19,948 |
| COL-Adj. Take-Home | $70,600▲ | $60,688 | +$9,912 |
| Total Employment | 17,600 | 33,600 | -16,000 |
▲ = Higher value wins for this metric. Diff = Minneapolis, MN minus Boston, MA.
3Summary Analysis
On paper, Boston, MA pays $21,000 more (median: $91,000 vs $112,000). However, after adjusting for cost of living (index 111 vs 162), Minneapolis, MN provides better purchasing power ($81,982 vs $69,136 equivalent). Boston, MA has the lower state tax rate (5% vs 6.8%).
Data: U.S. Bureau of Labor Statistics OEWS · 2026 · Cost-of-living indices from composite metro area data. Take-home estimates approximate only — consult a tax professional for accurate figures.