Average Personal Financial Advisors Salary in Eugene-Springfield, OR
Personal Financial Advisors in Eugene-Springfield, OR, earn an average annual salary of $139,090. This figure is notably below the national average of $160,360, suggesting that local market dynamics, such as industry demand and the cost of doing business, play a significant role in compensation within this specific region.
Executive Summary
- Average Salary: $139,090 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $208,635.
- Outlook: With a total local workforce of 210 Personal Financial Advisors, the Eugene-Springfield area presents a moderately sized, yet established, market for these professionals. The location quotient of 0.76 indicates a slightly lower concentration of these roles compared to the national average, implying that while the profession is present, it is not as dominant as in other regions, suggesting a stable but not rapidly expanding demand.
Salary Overview
The average Personal Financial Advisors in Eugene-Springfield, OR earns-13.3%below the national average.
$66.9
$2,675
$11,591
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data for Eugene-Springfield is not provided, it is generally assumed that the field of Personal Financial Advising has experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by an increasing need for financial planning services across various demographics, which would likely translate to modest salary increases for advisors in the region.
Personal Financial Advisors Salary Distribution in Eugene-Springfield, OR
The salary trajectory for Personal Financial Advisors in Eugene-Springfield, OR, is strongly influenced by experience. Entry-level positions typically start at a lower percentile, while seasoned professionals with a proven track record and specialized expertise can command significantly higher earnings, often reaching into the upper percentiles. The gap between entry-level and senior roles signifies substantial career progression opportunities and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,130 | $23.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $104,318 | $50.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $90,480 | $43.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $173,863 | $83.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $208,635 | $100.3 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$139,090
Gross Pay
Real Wage (Purchasing Power)
$139,090
Adjusted for COL (100)
The average annual salary of $139,090 in Eugene-Springfield, OR, aligns precisely with the national average cost of living index of 100. This means that the nominal salary offers purchasing power equivalent to the national average, providing a stable financial standing for advisors relative to the general cost of goods and services in the area.
Job Market Context
210
Total Jobs
1.334
Per 1K Jobs
0.76
Location Quotient
Eugene-Springfield, OR has 0.76x 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 0.76 for Personal Financial Advisors in Eugene-Springfield, OR, suggests that the job market for this profession is less concentrated than the national average. This indicates that while there is a consistent presence of these roles, the competition might be less intense compared to areas with a higher concentration, potentially offering a more accessible entry point for new advisors or those looking to relocate.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Corvallis, OR Personal Financial Advisors Salary | $103,540↓ 26% | 36 mi |
| Salem, OR Personal Financial Advisors Salary | $110,150↓ 21% | 60 mi |
| Coast Oregon nonmetropolitan area Personal Financial Advisors Salary | $107,700↓ 23% | 63 mi |
Comparing salaries near Eugene-Springfield, OR
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Eugene-Springfield, OR?
The median annual salary for a Personal Financial Advisors in Eugene-Springfield, OR is $139,090. This typically ranges from $48,130 for entry-level positions to $208,635 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Eugene-Springfield, OR is 13.3% lower than the national median of $160,360.
Is Eugene-Springfield, OR a lucrative place for Personal Financial Advisors?
No, not exceptionally lucrative compared to the national average.While the average salary of $139,090 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 Eugene-Springfield, OR a good place to live for Personal Financial Advisors?
The Cost of Living Index in Eugene-Springfield, OR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Eugene-Springfield, OR?
Some top paying nearby cities include Corvallis, OR ($103,540) and Salem, OR.
How does the number of Personal Financial Advisors in Eugene-Springfield compare nationally?
With 1.334 jobs per 1,000 workers, the concentration of Personal Financial Advisors in Eugene-Springfield is slightly below the national average, indicating a stable but not overly saturated market.
What is the significance of the Location Quotient for this role in Eugene-Springfield?
A Location Quotient of 0.76 suggests that Personal Financial Advisors are less prevalent in Eugene-Springfield compared to the national average. This could imply fewer job openings but potentially less competition.
Does the cost of living affect the value of a Personal Financial Advisor's salary in Eugene-Springfield?
No, the cost of living index is exactly 100, meaning the local cost of living is on par with the national average. Therefore, the $139,090 salary has standard purchasing power.
What factors might explain the salary difference compared to the national average?
The lower average salary could be influenced by regional economic factors, the specific demand within the local financial services industry, and the overall cost of doing business in the Eugene-Springfield area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 210 employees in the Eugene-Springfield, OR area with a job density of 1.334 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 Eugene-Springfield, OR