Average Personal Financial Advisors Salary in Champaign-Urbana, IL
The average salary for Personal Financial Advisorss in Champaign-Urbana, IL is $124,060. While this is lower than the national average, the cost of living in Champaign-Urbana, IL may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $124,060 per year.
- Growth Trend: Salaries have shifted 13.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $219,100.
- Outlook: The current demand for Personal Financial Advisorss is stable, with a local workforce of approximately 100 professionals. This role remains a specialized component of the broader Champaign-Urbana, IL economy.
Salary Overview
The average Personal Financial Advisors in Champaign-Urbana, IL earns-22.6%below the national average.
$59.6
$2,386
$10,338
Personal Financial Advisors Salary Trends (2020-2024)
Over the past 4 years, Personal Financial Advisors salaries in Champaign-Urbana, IL have shown healthy growth of 13.8%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Personal Financial Advisors Salary Distribution in Champaign-Urbana, IL
The earning potential for Personal Financial Advisorss in Champaign-Urbana, IL varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 4.3x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $51,280, while highly experienced professionals can command wages upwards of $219,100.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $51,280 | $24.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $93,045 | $44.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $105,230 | $50.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $155,075 | $74.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $219,100 | $105.3 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$124,060
Gross Pay
Real Wage (Purchasing Power)
$124,060
Adjusted for COL (100)
In Champaign-Urbana, IL, the Cost of Living Index is 100. This increases your effective purchasing power from $124,060 to $124,060.
Job Market Context
100
Total Jobs
0.913
Per 1K Jobs
0.52
Location Quotient
Champaign-Urbana, IL has 0.52x 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.
100 people work as Personal Financial Advisors in Champaign-Urbana, IL.
Only 0.913 out of every 1,000 local jobs are Personal Financial Advisors roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| West Central Illinois nonmetropolitan area Personal Financial Advisors Salary | $117,470↓ 5% | 41 mi |
| East Central Illinois nonmetropolitan area Personal Financial Advisors Salary | $109,240↓ 12% | 41 mi |
| Northwest Illinois nonmetropolitan area Personal Financial Advisors Salary | $98,490↓ 21% | 41 mi |
| South Illinois nonmetropolitan area Personal Financial Advisors Salary | $116,050↓ 6% | 41 mi |
Comparing salaries near Champaign-Urbana, IL
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Champaign-Urbana, IL?
The median annual salary for a Personal Financial Advisors in Champaign-Urbana, IL is $124,060. This typically ranges from $51,280 for entry-level positions to $219,100 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Champaign-Urbana, IL is 22.6% lower than the national median of $160,360.
Is Champaign-Urbana, IL a good place for Personal Financial Advisorss?
It depends on your priorities. While the average Personal Financial Advisors salary in Champaign-Urbana, IL is $124,060 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Champaign-Urbana, IL. See distinct detailed breakdown below.
Is Champaign-Urbana, IL a good place to live for Personal Financial Advisors?
The Cost of Living Index in Champaign-Urbana, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Champaign-Urbana, IL?
Some top paying nearby cities include West Central Illinois nonmetropolitan area ($117,470) and East Central Illinois nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 100 employees in the Champaign-Urbana, IL area with a job density of 0.913 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 Champaign-Urbana, IL