Average Personal Financial Advisors Salary in Austin-Round Rock-San Marcos, TX
Personal Financial Advisors in the Austin-Round Rock-San Marcos, TX area earn an average annual salary of $138,430. This figure is notably below the national average of $160,360, suggesting that local market dynamics, such as demand and the concentration of financial services firms, play a significant role in compensation levels within this Texas metropolitan area.
Executive Summary
- Average Salary: $138,430 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $207,645.
- Outlook: With a local workforce of 1,680 Personal Financial Advisors, the Austin-Round Rock-San Marcos area demonstrates a substantial presence in this profession. The Location Quotient of 0.76 indicates a slightly lower concentration compared to the national average, suggesting that while the market is established, there may be room for growth and opportunity for new entrants or those looking to expand their services.
Salary Overview
The average Personal Financial Advisors in Austin-Round Rock-San Marcos, TX earns-13.7%below the national average.
$66.6
$2,662
$11,536
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data for this localized dataset is not provided, it is reasonable to assume that Personal Financial Advisor salaries in Austin-Round Rock-San Marcos have experienced growth over the past four years, mirroring national trends. Factors such as increasing demand for financial planning services, economic expansion in the region, and inflation likely contribute to a positive salary trajectory for professionals in this field.
Personal Financial Advisors Salary Distribution in Austin-Round Rock-San Marcos, TX
The career path for Personal Financial Advisors typically involves significant salary progression with experience. Entry-level advisors might start at the lower end of the pay scale, while seasoned professionals with extensive client bases and specialized expertise can command salaries well above the average. The gap between the 25th and 75th percentile salaries, though not provided here, would signify the extent of this career progression and the earning potential for senior advisors.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,000 | $24 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $103,823 | $49.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $95,800 | $46.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $173,038 | $83.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $207,645 | $99.8 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$138,430
Gross Pay
Real Wage (Purchasing Power)
$138,430
Adjusted for COL (100)
The average annual salary of $138,430 in Austin-Round Rock-San Marcos aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Personal Financial Advisor's salary in this region is equivalent to the national average, offering a stable financial environment without the premium often associated with higher cost-of-living areas.
Job Market Context
1,680
Total Jobs
1.331
Per 1K Jobs
0.76
Location Quotient
Austin-Round Rock-San Marcos, TX has 0.76x 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.
The Location Quotient of 0.76 for Personal Financial Advisors in Austin-Round Rock-San Marcos suggests that this profession is slightly less concentrated than the national average. This could imply a less saturated job market relative to other industries in the area, potentially offering a competitive edge for skilled advisors seeking employment or looking to establish their practice.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| North Region of Texas nonmetropolitan area Personal Financial Advisors Salary | $88,130↓ 36% | 53 mi |
| Northwestern Region of Texas nonmetropolitan area Personal Financial Advisors Salary | $75,830↓ 45% | 53 mi |
| Hill Country Region of Texas nonmetropolitan area Personal Financial Advisors Salary | $88,100↓ 36% | 53 mi |
| Eastern Region of Texas nonmetropolitan area Personal Financial Advisors Salary | $125,330↓ 9% | 53 mi |
Comparing salaries near Austin-Round Rock-San Marcos, TX
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Austin-Round Rock-San Marcos, TX?
The median annual salary for a Personal Financial Advisors in Austin-Round Rock-San Marcos, TX is $138,430. This typically ranges from $50,000 for entry-level positions to $207,645 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Austin-Round Rock-San Marcos, TX is 13.7% lower than the national median of $160,360.
Is Austin-Round Rock-San Marcos, TX a lucrative place for Personal Financial Advisors?
No, not as lucrative as the national average.While the average salary of $138,430 is substantial, it falls below the national average of $160,360. However, the cost of living is at the national average, making the salary's purchasing power comparable.
Is Austin-Round Rock-San Marcos, TX a good place to live for Personal Financial Advisors?
The Cost of Living Index in Austin-Round Rock-San Marcos, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Austin-Round Rock-San Marcos, TX?
Some top paying nearby cities include North Region of Texas nonmetropolitan area ($88,130) and Northwestern Region of Texas nonmetropolitan area.
How does the Austin-Round Rock-San Marcos salary compare to the national average?
The average salary for Personal Financial Advisors in Austin-Round Rock-San Marcos, TX is $138,430, which is lower than the national average of $160,360.
What is the concentration of Personal Financial Advisors in Austin-Round Rock-San Marcos, TX?
The concentration, measured by the Location Quotient, is 0.76, indicating a slightly lower presence of Personal Financial Advisors compared to the national average.
How many Personal Financial Advisors are there in the Austin-Round Rock-San Marcos, TX area?
There are approximately 1,680 Personal Financial Advisors employed in the Austin-Round Rock-San Marcos, TX metropolitan area.
Does the cost of living affect the Austin-Round Rock-San Marcos salary?
The cost of living in Austin-Round Rock-San Marcos is at the national average (100). Therefore, the nominal salary of $138,430 has a purchasing power equivalent to the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,680 employees in the Austin-Round Rock-San Marcos, TX area with a job density of 1.331 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Personal Financial Advisors Salaries by State
Top Jobs in Austin-Round Rock-San Marcos, TX
- All Occupations Salary in Austin-Round Rock-San Marcos, TX
- Office and Administrative Support Occupations Salary in Austin-Round Rock-San Marcos, TX
- Management Occupations Salary in Austin-Round Rock-San Marcos, TX
- Food Preparation and Serving Related Occupations Salary in Austin-Round Rock-San Marcos, TX
- Sales and Related Occupations Salary in Austin-Round Rock-San Marcos, TX
- Business and Financial Operations Occupations Salary in Austin-Round Rock-San Marcos, TX
- Transportation and Material Moving Occupations Salary in Austin-Round Rock-San Marcos, TX
- Computer and Mathematical Occupations Salary in Austin-Round Rock-San Marcos, TX
- Educational Instruction and Library Occupations Salary in Austin-Round Rock-San Marcos, TX
- Healthcare Practitioners and Technical Occupations Salary in Austin-Round Rock-San Marcos, TX
- Browse All Jobs in Austin-Round Rock-San Marcos, TX →
Semantic Salary Analysis for Personal Financial Advisors • Data source: BLS OEWS 2024 •Jobs in Austin-Round Rock-San Marcos, TX