Average Personal Financial Advisors Salary in Dallas-Fort Worth-Arlington, TX
In the Dallas-Fort Worth-Arlington, TX metropolitan area, Personal Financial Advisors earn an average annual salary of $126,030. This figure is notably below the national average of $160,360, indicating that local market dynamics and potentially a different competitive landscape influence compensation. The cost of living in Dallas-Fort Worth-Arlington is precisely at the national average, making the salary's purchasing power a key consideration.
Executive Summary
- Average Salary: $126,030 per year.
- Growth Trend: Salaries have shifted 19.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $218,670.
- Outlook: With a local workforce of 6,300 Personal Financial Advisors, the Dallas-Fort Worth-Arlington area demonstrates a substantial presence in this field. The Location Quotient of 0.9 suggests that the concentration of these professionals is slightly below the national average, implying a stable but not exceptionally concentrated job market. This indicates a healthy demand for skilled advisors within the region.
Salary Overview
The average Personal Financial Advisors in Dallas-Fort Worth-Arlington, TX earns-21.4%below the national average.
$60.6
$2,424
$10,503
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data for the Dallas-Fort Worth-Arlington area is not provided, it is reasonable to assume a general upward trend in salaries for Personal Financial Advisors over the past four years, mirroring national trends. Economic growth and increasing demand for financial planning services typically drive salary increases in this sector.
Personal Financial Advisors Salary Distribution in Dallas-Fort Worth-Arlington, TX
The career trajectory for Personal Financial Advisors in Dallas-Fort Worth-Arlington typically involves significant salary growth with experience. Entry-level positions may start considerably lower than the average, while seasoned professionals with extensive client bases and proven track records can command salaries well above the $126,030 average. The percentile gaps in earnings clearly signify the progression and reward associated with career advancement and specialization.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $54,940 | $26.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $94,523 | $45.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $94,660 | $45.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $157,538 | $75.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $218,670 | $105.1 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$126,030
Gross Pay
Real Wage (Purchasing Power)
$126,030
Adjusted for COL (100)
The average annual salary of $126,030 in Dallas-Fort Worth-Arlington, TX, aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of the average salary is equivalent to the national average, suggesting that the nominal income translates directly to the expected standard of living without significant inflation or deflationary pressures impacting daily expenses.
Job Market Context
6,300
Total Jobs
1.573
Per 1K Jobs
0.9
Location Quotient
Dallas-Fort Worth-Arlington, TX has 0.90x 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.
A Location Quotient of 0.9 for Personal Financial Advisors in Dallas-Fort Worth-Arlington indicates that the concentration of these professionals is just slightly below the national average. This suggests a competitive market where the number of advisors is proportionate to the general workforce, but perhaps not saturated. It implies that opportunities exist, but employers may be selective in their hiring.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Waco, TX Personal Financial Advisors Salary | $93,780↓ 26% | 87 mi |
| Tyler, TX Personal Financial Advisors Salary | $127,750↑ 1% | 92 mi |
Comparing salaries near Dallas-Fort Worth-Arlington, TX
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Dallas-Fort Worth-Arlington, TX?
The median annual salary for a Personal Financial Advisors in Dallas-Fort Worth-Arlington, TX is $126,030. This typically ranges from $54,940 for entry-level positions to $218,670 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Dallas-Fort Worth-Arlington, TX is 21.4% lower than the national median of $160,360.
Is Dallas-Fort Worth-Arlington, TX a lucrative place for Personal Financial Advisors?
No, it is slightly less lucrative than the national average.While the average salary of $126,030 is substantial, it falls below the national average of $160,360. However, the cost of living being at the national average means the salary's purchasing power is standard.
Is Dallas-Fort Worth-Arlington, TX a good place to live for Personal Financial Advisors?
The Cost of Living Index in Dallas-Fort Worth-Arlington, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Dallas-Fort Worth-Arlington, TX?
Some top paying nearby cities include Waco, TX ($93,780) and Tyler, TX.
How does the Dallas-Fort Worth-Arlington salary compare to the national average?
The average salary for Personal Financial Advisors in Dallas-Fort Worth-Arlington is $126,030, which is lower than the national average of $160,360.
What is the cost of living in Dallas-Fort Worth-Arlington, TX?
The cost of living in Dallas-Fort Worth-Arlington, TX is exactly at the national average, indicated by a Cost of Living Index of 100.
How many Personal Financial Advisors are there in Dallas-Fort Worth-Arlington, TX?
There are approximately 6,300 Personal Financial Advisors working in the Dallas-Fort Worth-Arlington, TX metropolitan area.
Is the market for Personal Financial Advisors saturated in Dallas-Fort Worth-Arlington, TX?
With a Location Quotient of 0.9, the market is not saturated and is slightly less concentrated than the national average, suggesting a balanced competitive environment.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 6,300 employees in the Dallas-Fort Worth-Arlington, TX area with a job density of 1.573 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 Dallas-Fort Worth-Arlington, TX