Average Personal Financial Advisors Salary in Allentown-Bethlehem-Easton, PA-NJ
Personal Financial Advisors in the Allentown-Bethlehem-Easton, PA-NJ area earn an impressive average annual salary of $161,700. This figure slightly surpasses the national average of $160,360, indicating a strong local demand for financial expertise. The nuanced economic landscape and specific industry needs within this metropolitan region likely contribute to this competitive compensation.
Executive Summary
- Average Salary: $161,700 per year.
- Growth Trend: Salaries have shifted 3.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $242,550.
- Outlook: The job market for Personal Financial Advisors in Allentown-Bethlehem-Easton, PA-NJ, while not exceptionally concentrated with a Location Quotient of 0.56, supports a local workforce of 360 professionals. This indicates a stable, albeit not rapidly expanding, demand for these services within the region. The presence of nearly one job per thousand workers suggests consistent opportunities for skilled individuals in this sector.
Salary Overview
The average Personal Financial Advisors in Allentown-Bethlehem-Easton, PA-NJ earns+0.8%above the national average.
$77.7
$3,110
$13,475
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Personal Financial Advisor salaries in Allentown-Bethlehem-Easton, PA-NJ have experienced steady growth over the past four years. This trend is generally observed nationally, driven by increasing demand for financial planning services, evolving market complexities, and the accumulation of experience among professionals.
Personal Financial Advisors Salary Distribution in Allentown-Bethlehem-Easton, PA-NJ
Career progression for Personal Financial Advisors significantly impacts earning potential. Entry-level positions typically start at lower percentiles, while seasoned professionals with extensive experience and a proven track record can command salaries in the higher percentiles. The widening gap between entry-level and senior roles reflects the value placed on expertise, client management skills, and a deep understanding of financial markets.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $45,750 | $22 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $121,275 | $58.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $98,790 | $47.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $202,125 | $97.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $242,550 | $116.6 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$161,700
Gross Pay
Real Wage (Purchasing Power)
$161,700
Adjusted for COL (100)
The average annual salary of $161,700 in Allentown-Bethlehem-Easton, PA-NJ aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Personal Financial Advisor's salary in this area is equivalent to the national standard, offering a balanced lifestyle without significant financial strain due to living expenses.
Job Market Context
360
Total Jobs
0.985
Per 1K Jobs
0.56
Location Quotient
Allentown-Bethlehem-Easton, PA-NJ has 0.56x the national average concentration of Personal Financial Advisors jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
With a Location Quotient of 0.56, the market for Personal Financial Advisors in Allentown-Bethlehem-Easton, PA-NJ is less concentrated than the national average. This suggests that while there is a solid base of professionals, the field is not oversaturated, potentially offering good opportunities for those entering or looking to advance their careers. The demand is present, but the competition might be less intense compared to more specialized hubs.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Reading, PA Personal Financial Advisors Salary | $180,480↑ 12% | 30 mi |
| Trenton-Princeton, NJ Personal Financial Advisors Salary | $144,440↓ 11% | 45 mi |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Personal Financial Advisors Salary | $169,770↑ 5% | 47 mi |
| Scranton--Wilkes-Barre, PA Personal Financial Advisors Salary | $168,710↑ 4% | 57 mi |
Comparing salaries near Allentown-Bethlehem-Easton, PA-NJ
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Frequently Asked Questions
How much does a Personal Financial Advisors make in Allentown-Bethlehem-Easton, PA-NJ?
The median annual salary for a Personal Financial Advisors in Allentown-Bethlehem-Easton, PA-NJ is $161,700. This typically ranges from $45,750 for entry-level positions to $242,550 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Allentown-Bethlehem-Easton, PA-NJ is 0.8% higher than the national median of $160,360.
Is Allentown-Bethlehem-Easton, PA-NJ a lucrative place for Personal Financial Advisors?
Yes, it is a lucrative place for Personal Financial Advisors.The average salary of $161,700 is slightly above the national average, and the cost of living is exactly at the national average, indicating strong earning potential.
Is Allentown-Bethlehem-Easton, PA-NJ a good place to live for Personal Financial Advisors?
The Cost of Living Index in Allentown-Bethlehem-Easton, PA-NJ is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Allentown-Bethlehem-Easton, PA-NJ?
Some top paying nearby cities include Reading, PA ($180,480) and Trenton-Princeton, NJ.
How does the Allentown-Bethlehem-Easton, PA-NJ salary compare to the national average?
Personal Financial Advisors in Allentown-Bethlehem-Easton, PA-NJ earn an average of $161,700 annually, which is slightly higher than the national average of $160,360.
What is the Cost of Living in Allentown-Bethlehem-Easton, PA-NJ for Personal Financial Advisors?
The Cost of Living Index in Allentown-Bethlehem-Easton, PA-NJ is 100, which is precisely the national average, meaning your salary's purchasing power is standard.
How many Personal Financial Advisors work in Allentown-Bethlehem-Easton, PA-NJ?
There are approximately 360 Personal Financial Advisors employed in the Allentown-Bethlehem-Easton, PA-NJ metropolitan area.
Is the job market for Personal Financial Advisors saturated in this area?
With a Location Quotient of 0.56, the market is less concentrated than the national average, suggesting it is not oversaturated and offers reasonable opportunities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 360 employees in the Allentown-Bethlehem-Easton, PA-NJ area with a job density of 0.985 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Personal Financial Advisors • Data source: BLS OEWS 2024 •Jobs in Allentown-Bethlehem-Easton, PA-NJ