Oregon Financial Planner Salary

Oregonians know that Oregon is cooler than its neighbor to the south. Sandwiched between California to the south and Washington to the north, the state is home to hundreds of miles of gorgeous, rugged coastline and the Snake River, Crater Lake National Park and the Oregon Shakespeare Festival.

Oregon residents are lucky in that they don’t have to pay any sales tax in their state. They also don’t have to pump their own gas, which can be a bit surprising at first to state visitors. The state is home to more Leadership in Energy and Environmental Design-certified buildings per capita than any other state and more craft breweries than any other state.

The median household income in Oregon for 2019 is right on par with the national median household income at $62,818 and $62,843, respectively, according to the U.S. Census Bureau. The unemployment rate in December 2020 was 6.4%, which is .3 percentage points lower than the national unemployment rate of 6.7% but is 3.0 percentage points higher than December 2019, according to the U.S. Bureau of Labor Statistics (BLS).

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There currently are 986 registered Certified Financial Planners (CFPs) in Oregon, which represents 1.1% of the total number of CFPs in the U.S., according to the CFP Board. CFPs have fiduciary responsibility, which means they are required to act in the best interests of their clients rather than the best interest of the company they work for or themselves.

If you’re interested in working in finance or financial planning in Oregon, you’ll want to figure out whether you’re going to work as a fee-based advisor, charging your clients fees based on the amount of assets you’re managing, or a commission-based advisor, earning commissions on the sales of products and services.

The BLS provides salary data for financial advisors, stockbrokers and life insurance/annuity producers throughout the state in the regions of Bend-Redmond, Coast Oregon nonmetropolitan area, Corvallis, Eugene, Medford, Portland-Vancouver-Hillsboro and Salem.

Financial Advisor Salary in Oregon

Financial advisor salaries in Oregon are well above the state’s median household income across the board, with advisors in Corvallis earning the lowest annual mean salary at $77,320 and advisors in Eugene earning the most at $146,000 per year. Portland, interestingly, comes in fourth place as far as salaries go despite it being the state’s largest metropolitan area.

The BLS only lists three salary data points for highly experienced advisors making in the 90th percentile of all advisors: $167,300 in Bend-Redmond, $157,260 in Salem and $102,190 in Corvallis.

Area Name
Employment
Annual mean wage
Bend-Redmond
180
96790
Coast Oregon nonmetropolitan area
70
127050
Corvallis
50
77320
Eugene
160
146060
Medford
100
125440
Portland-Vancouver-Hillsboro
1620
117830
Salem
90
106760

Stockbroker Salary in Oregon

Stockbroker salaries in Oregon range from the low $40K range to the low $80K. The lowest-paying regions are Medford and Coast Oregon nonmetropolitan area with the highest salary being earned by brokers in Eugene at $81,020. For experienced brokers in the 75th percentile, the highest-paying regions are Salem at $113,430, followed by the Portland metro area at $77,230.

Area Name
Employment
Annual mean wage
Bend-Redmond
230
56170
Coast Oregon nonmetropolitan area
230
46770
Corvallis
40
48610
Eugene
250
81020
Medford
160
42300
Portland-Vancouver-Hillsboro
3490
69940
Salem
190
74830

Life/Annuity Producer Salary in Oregon

The salaries for life insurance/annuity producers in Oregon mirror those of stockbrokers more than financial advisors with Eugene again being the highest-paying region at $84,100, followed closely by the Portland metro at $81,450. The lowest-paying region is the coastal nonmetropolitan area at $45,550. At the high end of the spectrum, salaries for Portland agents jump to $98,920 at the 75th percentile and $157,860 at the 90th percentile.

Area Name
Employment
Annual mean wage
Bend-Redmond
110
61610
Coast Oregon nonmetropolitan area
310
45550
Corvallis
-
51700
Eugene
370
84100
Medford
210
58240
Portland-Vancouver-Hillsboro
2830
81450
Salem
430
54800

 

(Salary and job growth data reported by the U.S. Bureau of Labor Statistics in May 2019 for personal financial advisors; securities, commodities and financial services sales agents; and insurance sales agents. Figures represent national data, not school-specific information. Conditions in your area may vary. Information accessed February 2021.)