Facebook Ads CPM Benchmarks for Finance in United States for Conversion Campaigns

Cost Per Mille (CPM) is the cost advertisers pay for 1,000 impressions of their Facebook ad. In the Finance industry, Facebook ad costs can be typically higher due to high competition and valuable conversions. For campaigns targeting United States, advertisers often face higher costs due to high competition and purchasing power. Conversion campaigns typically have higher costs as they target users more likely to convert, but often deliver better return on ad spend. The data shown represents median values across multiple campaigns, and individual results may vary based on ad quality, audience targeting, and campaign optimization.

Why we use median instead of average

We use the median CTR because the underlying distribution of click-through rates is highly skewed, with a small share of campaigns achieving extremely high CTRs. These outliers can inflate a simple average, making it less representative of what most advertisers actually experience. By using the median—which sits at the midpoint of all campaigns—we provide a more rigorous and realistic benchmark that reflects the true underlying data model and helps you set attainable performance expectations.

Key Factors Affecting Facebook Ad Costs

• Competition within your selected industry and audience demographics
• Ad quality and relevance score – higher quality ads can lower costs
• Campaign objective and bid strategy
• Timing and seasonality – costs often increase during holiday periods
• Ad placement (News Feed, Instagram, Audience Network, etc.)

Note: This data represents industry median values and benchmarks. Your actual costs may vary based on specific targeting, ad creative quality, and campaign optimization.