Average Personal Financial Advisors Salary in East South Dakota nonmetropolitan area
Yes, East South Dakota nonmetropolitan area is a highly lucrative market for Personal Financial Advisorss. With an average annual salary of $183,310, professionals here earn significantly more than the national norm.
Executive Summary
- Average Salary: $183,310 per year.
- Growth Trend: Salaries have shifted 15.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $274,965.
- Outlook: The current demand for Personal Financial Advisorss is stable, with a local workforce of approximately 120 professionals. This role remains a specialized component of the broader East South Dakota nonmetropolitan area economy.
Salary Overview
The average Personal Financial Advisors in East South Dakota nonmetropolitan area earns+14.3%above the national average.
$88.1
$3,525
$15,276
Personal Financial Advisors Salary Trends (2020-2024)
Over the past 4 years, Personal Financial Advisors salaries in East South Dakota nonmetropolitan area have shown healthy growth of 15.0%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Personal Financial Advisors Salary Distribution in East South Dakota nonmetropolitan area
The earning potential for Personal Financial Advisorss in East South Dakota nonmetropolitan area varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 2.7x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $101,160, while highly experienced professionals can command wages upwards of $274,965.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $101,160 | $48.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $137,483 | $66.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $169,520 | $81.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $229,138 | $110.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $274,965 | $132.2 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$183,310
Gross Pay
Real Wage (Purchasing Power)
$183,310
Adjusted for COL (100)
In East South Dakota nonmetropolitan area, the Cost of Living Index is 100. This increases your effective purchasing power from $183,310 to $183,310.
Job Market Context
120
Total Jobs
0.902
Per 1K Jobs
0.51
Location Quotient
East South Dakota nonmetropolitan area has 0.51x 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.
120 people work as Personal Financial Advisors in East South Dakota nonmetropolitan area.
Only 0.902 out of every 1,000 local jobs are Personal Financial Advisors roles — this is a niche profession in the area.
Nearby Job Markets
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in East South Dakota nonmetropolitan area?
The median annual salary for a Personal Financial Advisors in East South Dakota nonmetropolitan area is $183,310. This typically ranges from $101,160 for entry-level positions to $274,965 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in East South Dakota nonmetropolitan area is 14.3% higher than the national median of $160,360.
Is East South Dakota nonmetropolitan area a good place for Personal Financial Advisorss?
Yes, East South Dakota nonmetropolitan area is financially attractive for Personal Financial Advisorss. The average salary of $183,310 exceeds the national average. See distinct detailed breakdown below.
Is East South Dakota nonmetropolitan area a good place to live for Personal Financial Advisors?
The Cost of Living Index in East South Dakota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 120 employees in the East South Dakota nonmetropolitan area area with a job density of 0.902 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 East South Dakota nonmetropolitan area