Average Personal Financial Advisors Salary in Asheville, NC
Personal Financial Advisors in Asheville, NC, earn an average annual salary of $130,720. This figure is notably below the national average of $160,360, suggesting that while the role is present, local market dynamics and potentially a different client base influence compensation levels compared to larger metropolitan areas.
Executive Summary
- Average Salary: $130,720 per year.
- Growth Trend: Salaries have shifted 1.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $220,530.
- Outlook: With a local workforce of 360 Personal Financial Advisors, Asheville presents a stable, albeit not expansive, job market for this profession. The Location Quotient of 1.1 indicates a slightly higher concentration of these roles than the national average, suggesting a steady demand that aligns with the community's needs for financial guidance.
Salary Overview
The average Personal Financial Advisors in Asheville, NC earns-18.5%below the national average.
$62.9
$2,514
$10,893
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 Asheville, NC, have experienced gradual growth over the past four years, mirroring national trends of increasing demand for financial planning services and a corresponding upward pressure on compensation.
Personal Financial Advisors Salary Distribution in Asheville, NC
The salary range for Personal Financial Advisors in Asheville, NC, typically expands significantly with experience. Entry-level positions may start considerably lower, while seasoned professionals with a proven track record and a robust client portfolio can command salaries well above the average, reflecting the value of expertise and client retention.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $41,770 | $20.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $98,040 | $47.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $117,730 | $56.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $163,400 | $78.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $220,530 | $106 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$130,720
Gross Pay
Real Wage (Purchasing Power)
$130,720
Adjusted for COL (100)
The average annual salary of $130,720 in Asheville, NC, aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a Personal Financial Advisor's income in Asheville is equivalent to that of someone earning the national average salary in a location with a national average cost of living.
Job Market Context
360
Total Jobs
1.926
Per 1K Jobs
1.1
Location Quotient
With a location quotient of 1.10, Asheville, NC has a slightly higher-than-average concentration of Personal Financial Advisors roles compared to the national norm.
A Location Quotient of 1.1 for Personal Financial Advisors in Asheville, NC, signifies a market that is slightly more concentrated than the national average. This suggests that while the profession is well-established and in demand locally, the job market is not oversaturated, offering a balanced environment for both job seekers and employers.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Greenville-Anderson-Greer, SC Personal Financial Advisors Salary | $128,420↓ 2% | 52 mi |
| Johnson City, TN Personal Financial Advisors Salary | $140,330↑ 7% | 54 mi |
| Spartanburg, SC Personal Financial Advisors Salary | $162,940↑ 25% | 56 mi |
| Kingsport-Bristol, TN-VA Personal Financial Advisors Salary | $132,450↑ 1% | 66 mi |
Comparing salaries near Asheville, NC
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Asheville, NC?
The median annual salary for a Personal Financial Advisors in Asheville, NC is $130,720. This typically ranges from $41,770 for entry-level positions to $220,530 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Asheville, NC is 18.5% lower than the national median of $160,360.
Is Asheville, NC a lucrative place for Personal Financial Advisors?
Yes, Asheville, NC offers a competitive salary for Personal Financial Advisors.The average salary of $130,720 is substantial, and with a cost of living at the national average, the purchasing power is strong. The slightly above-average concentration of these roles also indicates consistent local demand.
Is Asheville, NC a good place to live for Personal Financial Advisors?
The Cost of Living Index in Asheville, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Asheville, NC?
Some top paying nearby cities include Greenville-Anderson-Greer, SC ($128,420) and Johnson City, TN.
How does Asheville's Personal Financial Advisor salary compare to the national average?
The average salary for Personal Financial Advisors in Asheville, NC, is $130,720, which is below the national average of $160,360.
What is the job concentration for Personal Financial Advisors in Asheville, NC?
Asheville, NC has a Location Quotient of 1.1 for Personal Financial Advisors, indicating a slightly higher concentration of these professionals compared to the national average.
How does the cost of living in Asheville, NC affect the salary?
Asheville's cost of living index is 100, which is the national average. This means the $130,720 salary has purchasing power equivalent to the national average.
What is the total number of Personal Financial Advisors in Asheville, NC?
There are approximately 360 Personal Financial Advisors working in Asheville, NC.
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 Asheville, NC area with a job density of 1.926 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 Asheville, NC