Average Personal Financial Advisors Salary in Deltona-Daytona Beach-Ormond Beach, FL
Personal Financial Advisors in the Deltona-Daytona Beach-Ormond Beach, FL area earn an average annual salary of $140,320. This figure is notably below the national average of $160,360, suggesting that local market dynamics and demand play a significant role in compensation within this region. Factors such as the concentration of financial services firms and the overall economic landscape of Central Florida likely influence this pay scale.
Executive Summary
- Average Salary: $140,320 per year.
- Growth Trend: Salaries have shifted 22.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $210,480.
- Outlook: The local job market for Personal Financial Advisors in Deltona-Daytona Beach-Ormond Beach, FL, while not as concentrated as the national average (Location Quotient of 0.69), still supports a workforce of 260 professionals. The presence of 1.202 jobs per 1,000 workers indicates a steady, albeit not booming, demand for these services within the community. This suggests a stable environment for experienced advisors and potential for growth as the region continues to develop.
Salary Overview
The average Personal Financial Advisors in Deltona-Daytona Beach-Ormond Beach, FL earns-12.5%below the national average.
$67.5
$2,698
$11,693
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data for the Deltona-Daytona Beach-Ormond Beach, FL area is not provided, it is reasonable to assume that salaries for Personal Financial Advisors have experienced growth over the past four years, mirroring national trends. Economic recovery, increasing demand for financial planning services, and inflation typically drive upward salary adjustments in most professional fields, including financial advising.
Personal Financial Advisors Salary Distribution in Deltona-Daytona Beach-Ormond Beach, FL
Career progression for Personal Financial Advisors in Deltona-Daytona Beach-Ormond Beach, FL, is typically marked by increasing earning potential. Entry-level positions may start significantly below the average, while seasoned professionals with extensive experience and a proven track record can command salaries well above $140,320. The salary distribution, with higher percentiles representing senior roles, signifies substantial opportunities for financial reward through career advancement and specialization.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,460 | $20.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $105,240 | $50.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $76,210 | $36.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $175,400 | $84.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $210,480 | $101.2 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$140,320
Gross Pay
Real Wage (Purchasing Power)
$140,320
Adjusted for COL (100)
The average annual salary of $140,320 for Personal Financial Advisors in Deltona-Daytona Beach-Ormond Beach, FL, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of an advisor's salary in this region is equivalent to the national standard, offering a balanced financial lifestyle without the premium often associated with higher cost-of-living areas.
Job Market Context
260
Total Jobs
1.202
Per 1K Jobs
0.69
Location Quotient
Deltona-Daytona Beach-Ormond Beach, FL has 0.69x 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.
With a Location Quotient of 0.69, the Deltona-Daytona Beach-Ormond Beach, FL market is less concentrated with Personal Financial Advisors compared to the national average. This suggests that while the demand exists, the field may be less saturated, potentially offering more opportunities for new entrants or those looking to establish a practice. However, it also implies that the specialized demand might be lower than in major metropolitan hubs.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Orlando-Kissimmee-Sanford, FL Personal Financial Advisors Salary | $148,820↑ 6% | 27 mi |
| Wildwood-The Villages, FL Personal Financial Advisors Salary | $170,680↑ 22% | 49 mi |
| Ocala, FL Personal Financial Advisors Salary | $119,760↓ 15% | 60 mi |
| Palm Bay-Melbourne-Titusville, FL Personal Financial Advisors Salary | $107,830↓ 23% | 73 mi |
| Lakeland-Winter Haven, FL Personal Financial Advisors Salary | $115,910↓ 17% | 74 mi |
Comparing salaries near Deltona-Daytona Beach-Ormond Beach, FL
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Deltona-Daytona Beach-Ormond Beach, FL?
The median annual salary for a Personal Financial Advisors in Deltona-Daytona Beach-Ormond Beach, FL is $140,320. This typically ranges from $43,460 for entry-level positions to $210,480 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Deltona-Daytona Beach-Ormond Beach, FL is 12.5% lower than the national median of $160,360.
Is Deltona-Daytona Beach-Ormond Beach, FL a lucrative place for Personal Financial Advisors?
Moderately. While the average salary is below the national average, the cost of living is also at the national average, making the effective income comparable.The average salary of $140,320 is below the national average, but with a Cost of Living Index of 100, the purchasing power remains on par with national standards.
Is Deltona-Daytona Beach-Ormond Beach, FL a good place to live for Personal Financial Advisors?
The Cost of Living Index in Deltona-Daytona Beach-Ormond Beach, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Deltona-Daytona Beach-Ormond Beach, FL?
Some top paying nearby cities include Orlando-Kissimmee-Sanford, FL ($148,820) and Wildwood-The Villages, FL.
How does the local workforce size affect Personal Financial Advisor jobs?
A local workforce of 260 Personal Financial Advisors indicates a stable, established market. While not a massive concentration, it signifies consistent demand for financial advisory services within the Deltona-Daytona Beach-Ormond Beach, FL area.
What does a Location Quotient of 0.69 mean for Personal Financial Advisors?
A Location Quotient of 0.69 suggests that Personal Financial Advisors are less concentrated in Deltona-Daytona Beach-Ormond Beach, FL, compared to the national average. This could mean fewer competitors and potentially more opportunities for advisors.
How does the cost of living in Deltona-Daytona Beach-Ormond Beach, FL impact salary expectations?
With a Cost of Living Index of 100, the local cost of living matches the national average. Therefore, the average salary of $140,320 provides a standard level of purchasing power for residents.
Are there many job openings for Personal Financial Advisors in this area?
The presence of 1.202 jobs per 1,000 workers indicates a moderate level of job availability. While not exceptionally high, it suggests consistent opportunities for qualified Personal Financial Advisors.
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 Deltona-Daytona Beach-Ormond Beach, FL area with a job density of 1.202 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 Deltona-Daytona Beach-Ormond Beach, FL