Average Personal Financial Advisors Salary in Burlington-South Burlington, VT
Personal Financial Advisors in Burlington-South Burlington, VT, earn an average annual salary of $112,790. This figure is notably below the national average of $160,360, suggesting that local market dynamics and potentially a different economic landscape influence compensation in this Vermont region. Factors such as the local demand for financial advisory services and the overall economic health of the area contribute to this salary differential.
Executive Summary
- Average Salary: $112,790 per year.
- Growth Trend: Salaries have shifted 6.9% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $229,610.
- Outlook: The job market for Personal Financial Advisors in Burlington-South Burlington, VT, shows a moderate level of concentration, indicated by a Location Quotient of 1.23, slightly above the national average. With a total local workforce of 260 individuals in this role, the demand appears stable, suggesting a consistent need for financial expertise within the community. The presence of more advisors per capita than the national average implies a robust, albeit not rapidly expanding, market.
Salary Overview
The average Personal Financial Advisors in Burlington-South Burlington, VT earns-29.7%below the national average.
$54.2
$2,169
$9,399
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data for Burlington-South Burlington is not provided, it is reasonable to assume that salaries for Personal Financial Advisors in the region have experienced gradual growth over the past four years, mirroring national trends. Economic shifts, evolving client needs, and inflation typically drive incremental increases in compensation for skilled professionals in the financial sector.
Personal Financial Advisors Salary Distribution in Burlington-South Burlington, VT
Career progression for Personal Financial Advisors in Burlington-South Burlington, VT, is typically marked by significant salary increases with experience. Entry-level positions may start at a lower percentile, but as advisors gain expertise, build client portfolios, and potentially move into senior or specialized roles, their earning potential escalates considerably. The salary distribution across different experience levels would show a clear upward trend, with senior advisors commanding substantially higher compensation than their junior counterparts.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $51,090 | $24.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $84,593 | $40.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $81,360 | $39.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $140,988 | $67.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $229,610 | $110.4 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$112,790
Gross Pay
Real Wage (Purchasing Power)
$112,790
Adjusted for COL (100)
The average annual salary of $112,790 for Personal Financial Advisors in Burlington-South Burlington, VT, aligns perfectly with the national average cost of living index of 100. This means that the nominal salary offers purchasing power equivalent to the national average, providing a stable financial standing for advisors in this locale. While the salary is lower than the national average, the equivalent cost of living suggests that the take-home pay is relatively balanced within the local economic context.
Job Market Context
260
Total Jobs
2.166
Per 1K Jobs
1.23
Location Quotient
With a location quotient of 1.23, Burlington-South Burlington, VT has a slightly higher-than-average concentration of Personal Financial Advisors roles compared to the national norm.
A Location Quotient of 1.23 indicates that Personal Financial Advisors are more concentrated in Burlington-South Burlington, VT, than the national average. This suggests a slightly more competitive market for these professionals compared to other regions, but also signifies a strong demand and established presence of the profession within the local economy. The abundance of advisors relative to the general workforce points to a mature market where expertise is valued.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Northern Vermont nonmetropolitan area Personal Financial Advisors Salary | $112,070↓ 1% | 40 mi |
| Southern Vermont nonmetropolitan area Personal Financial Advisors Salary | $125,800↑ 12% | 40 mi |
| Glens Falls, NY Personal Financial Advisors Salary | $131,480↑ 17% | 84 mi |
Comparing salaries near Burlington-South Burlington, VT
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Burlington-South Burlington, VT?
The median annual salary for a Personal Financial Advisors in Burlington-South Burlington, VT is $112,790. This typically ranges from $51,090 for entry-level positions to $229,610 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Burlington-South Burlington, VT is 29.7% lower than the national median of $160,360.
Is Burlington-South Burlington, VT a lucrative place for Personal Financial Advisors?
Yes, with caveats.The average salary of $112,790 is below the national average, but the cost of living is also at the national average, making the purchasing power comparable. The Location Quotient suggests a healthy, albeit competitive, market.
Is Burlington-South Burlington, VT a good place to live for Personal Financial Advisors?
The Cost of Living Index in Burlington-South Burlington, VT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Burlington-South Burlington, VT?
Some top paying nearby cities include Northern Vermont nonmetropolitan area ($112,070) and Southern Vermont nonmetropolitan area.
How does the Burlington-South Burlington salary compare to the national average?
The average salary for Personal Financial Advisors in Burlington-South Burlington, VT, is $112,790, which is lower than the national average of $160,360.
What is the cost of living in Burlington-South Burlington, VT?
The cost of living in Burlington-South Burlington, VT, is at the national average, with an index of 100.
Is there high demand for Personal Financial Advisors in Burlington-South Burlington, VT?
The Location Quotient of 1.23 suggests a concentration of Personal Financial Advisors slightly above the national average, indicating a stable to strong demand within the local market.
How many Personal Financial Advisors are there in Burlington-South Burlington, VT?
There are approximately 260 Personal Financial Advisors in the Burlington-South Burlington, VT, local workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 260 employees in the Burlington-South Burlington, VT area with a job density of 2.166 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 Burlington-South Burlington, VT
- All Occupations Salary in Burlington-South Burlington, VT
- Office and Administrative Support Occupations Salary in Burlington-South Burlington, VT
- Sales and Related Occupations Salary in Burlington-South Burlington, VT
- Food Preparation and Serving Related Occupations Salary in Burlington-South Burlington, VT
- Management Occupations Salary in Burlington-South Burlington, VT
- Educational Instruction and Library Occupations Salary in Burlington-South Burlington, VT
- Healthcare Practitioners and Technical Occupations Salary in Burlington-South Burlington, VT
- Business and Financial Operations Occupations Salary in Burlington-South Burlington, VT
- Transportation and Material Moving Occupations Salary in Burlington-South Burlington, VT
- Production Occupations Salary in Burlington-South Burlington, VT
- Browse All Jobs in Burlington-South Burlington, VT →
Semantic Salary Analysis for Personal Financial Advisors • Data source: BLS OEWS 2024 •Jobs in Burlington-South Burlington, VT