Average Personal Financial Advisors Salary in Cape Coral-Fort Myers, FL
Personal Financial Advisors in the Cape Coral-Fort Myers, FL area earn an average annual salary of $139,940. This figure is notably below the national average of $160,360, suggesting localized economic factors or a different market dynamic at play. The specific pay rates in this region are influenced by the local demand for financial planning services and the overall economic health of the Southwest Florida area.
Executive Summary
- Average Salary: $139,940 per year.
- Growth Trend: Salaries have shifted 57.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $209,910.
- Outlook: With a total local workforce of 430 Personal Financial Advisors, the Cape Coral-Fort Myers area demonstrates a moderate concentration of these professionals. The Location Quotient of 0.82 indicates that the presence of these roles is slightly below the national average, suggesting that while the market is established, it may not be as saturated as other regions. The rate of 1.432 jobs per 1,000 workers further supports a stable, albeit not exceptionally high, demand for financial advisory services in this locale.
Salary Overview
The average Personal Financial Advisors in Cape Coral-Fort Myers, FL earns-12.7%below the national average.
$67.3
$2,691
$11,662
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data for the Cape Coral-Fort Myers region is not provided, it is generally assumed that salaries for Personal Financial Advisors have seen a consistent upward trend over the past four years, mirroring national patterns. This growth is typically driven by increasing demand for financial planning, evolving market complexities, and the need for expert guidance in wealth management and investment strategies. Such trends suggest that compensation in this field is likely to continue its positive trajectory.
Personal Financial Advisors Salary Distribution in Cape Coral-Fort Myers, FL
The career path for Personal Financial Advisors typically involves significant salary progression based on experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive client portfolios and proven track records can command salaries well into the higher percentiles. The widening gap between entry-level and senior compensation reflects the accumulation of expertise, client trust, and specialized knowledge crucial for long-term success in financial advisory roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $59,100 | $28.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $104,955 | $50.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $96,180 | $46.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $174,925 | $84.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $209,910 | $100.9 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$139,940
Gross Pay
Real Wage (Purchasing Power)
$139,940
Adjusted for COL (100)
The average annual salary of $139,940 for Personal Financial Advisors in Cape Coral-Fort Myers aligns perfectly with the national average cost of living, which is indexed at 100. This means that the purchasing power of the local salary is equivalent to the national average, offering a stable financial foundation for residents. While the salary is below the national average for the profession, the balanced cost of living ensures that the take-home pay maintains its relative value within the region.
Job Market Context
430
Total Jobs
1.432
Per 1K Jobs
0.82
Location Quotient
Cape Coral-Fort Myers, FL has 0.82x 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 0.82 for Personal Financial Advisors in Cape Coral-Fort Myers suggests a job market that is slightly less concentrated than the national average. This indicates that while the profession is present and active, there may be fewer advisors relative to the general workforce compared to other areas. This could translate to a potentially less competitive environment for new entrants or a market where experienced advisors might find ample opportunities to build their client base.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Punta Gorda, FL Personal Financial Advisors Salary | $146,940↑ 5% | 18 mi |
| North Port-Bradenton-Sarasota, FL Personal Financial Advisors Salary | $132,080↓ 6% | 31 mi |
| Naples-Marco Island, FL Personal Financial Advisors Salary | $227,070↑ 62% | 36 mi |
| Sebring, FL Personal Financial Advisors Salary | $107,590↓ 23% | 67 mi |
| North Florida nonmetropolitan area Personal Financial Advisors Salary | $104,710↓ 25% | 80 mi |
Comparing salaries near Cape Coral-Fort Myers, FL
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Cape Coral-Fort Myers, FL?
The median annual salary for a Personal Financial Advisors in Cape Coral-Fort Myers, FL is $139,940. This typically ranges from $59,100 for entry-level positions to $209,910 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Cape Coral-Fort Myers, FL is 12.7% lower than the national median of $160,360.
Is Cape Coral-Fort Myers, FL a lucrative place for Personal Financial Advisors?
Moderately lucrative, with a balanced cost of living.While the average salary of $139,940 is below the national average, the local cost of living being at the national average of 100 makes the compensation competitive within the region. The market is stable with a slightly lower concentration of professionals than the national average.
Is Cape Coral-Fort Myers, FL a good place to live for Personal Financial Advisors?
The Cost of Living Index in Cape Coral-Fort Myers, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Cape Coral-Fort Myers, FL?
Some top paying nearby cities include Punta Gorda, FL ($146,940) and North Port-Bradenton-Sarasota, FL.
How does the Cape Coral-Fort Myers salary compare to the national average?
The average salary for Personal Financial Advisors in Cape Coral-Fort Myers is $139,940, which is approximately 12.6% lower than the national average of $160,360.
What is the cost of living in Cape Coral-Fort Myers, FL?
The cost of living in Cape Coral-Fort Myers, FL is exactly at the national average, with an index of 100.
How concentrated is the Personal Financial Advisor job market in this area?
The job market for Personal Financial Advisors in Cape Coral-Fort Myers is slightly less concentrated than the national average, with a Location Quotient of 0.82.
What is the total number of Personal Financial Advisors in Cape Coral-Fort Myers?
There are approximately 430 Personal Financial Advisors working in the Cape Coral-Fort Myers area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 430 employees in the Cape Coral-Fort Myers, FL area with a job density of 1.432 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 Cape Coral-Fort Myers, FL
- All Occupations Salary in Cape Coral-Fort Myers, FL
- Office and Administrative Support Occupations Salary in Cape Coral-Fort Myers, FL
- Food Preparation and Serving Related Occupations Salary in Cape Coral-Fort Myers, FL
- Sales and Related Occupations Salary in Cape Coral-Fort Myers, FL
- Construction and Extraction Occupations Salary in Cape Coral-Fort Myers, FL
- Transportation and Material Moving Occupations Salary in Cape Coral-Fort Myers, FL
- Healthcare Practitioners and Technical Occupations Salary in Cape Coral-Fort Myers, FL
- Management Occupations Salary in Cape Coral-Fort Myers, FL
- Business and Financial Operations Occupations Salary in Cape Coral-Fort Myers, FL
- Installation, Maintenance, and Repair Occupations Salary in Cape Coral-Fort Myers, FL
- Browse All Jobs in Cape Coral-Fort Myers, FL →
Semantic Salary Analysis for Personal Financial Advisors • Data source: BLS OEWS 2024 •Jobs in Cape Coral-Fort Myers, FL