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Average Personal Financial Advisors Salary in Fayetteville-Springdale-Rogers, AR

Personal Financial Advisors in the Fayetteville-Springdale-Rogers, AR area earn an average annual salary of $140,030. This figure is notably below the national average of $160,360, suggesting that local market dynamics, such as demand and the cost of doing business, play a significant role in compensation levels within this region.

Executive Summary

  • Average Salary: $140,030 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $210,045.
  • Outlook: With a total local workforce of 270 Personal Financial Advisors, the market in Fayetteville-Springdale-Rogers, AR, indicates a moderate presence. The Location Quotient of 0.57 suggests that this profession is less concentrated here compared to the national average, implying a potentially less saturated but also possibly less robust demand for specialized financial advisory services.
2024 Market Data

Salary Overview

$140,030

The average Personal Financial Advisors in Fayetteville-Springdale-Rogers, AR earns-12.7%below the national average.

BreakdownBased on 40h/week
Hourly

$67.3

Weekly

$2,693

Monthly

$11,669

Personal Financial Advisors Salary Distribution in Fayetteville-Springdale-Rogers, AR

Career progression for Personal Financial Advisors in Fayetteville-Springdale-Rogers, AR, is typically marked by significant salary increases with experience. Entry-level positions may start considerably lower than the average, while seasoned professionals with extensive client portfolios and specialized expertise can command salaries well above the $140,030 average, reflecting the value of their accumulated knowledge and client trust.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$40,160$19.3
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$105,023$50.5
ManagerOversees team, compliance, and project delivery.50% (Median)$78,330$37.7
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$175,038$84.2
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$210,045$101

Detailed Personal Financial Advisors Market Analysis

Relocation Context

Nominal Salary

$140,030

Gross Pay

Real Wage (Purchasing Power)

$140,030

Adjusted for COL (100)

The average annual salary of $140,030 in Fayetteville-Springdale-Rogers, AR, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Personal Financial Advisor's salary in this area is equivalent to the national standard, offering a stable financial environment without the premium costs often associated with higher-than-average living expenses.

Job Market Context

270

Total Jobs

0.996

Per 1K Jobs

0.57

Location Quotient

Below Average

Fayetteville-Springdale-Rogers, AR has 0.57x 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 0.57 for Personal Financial Advisors in Fayetteville-Springdale-Rogers, AR, signifies that the concentration of these professionals is about half that of the national average. This lower concentration suggests a market that may be less competitive for new entrants but also indicates that the demand for these services might not be as deeply ingrained or as widespread as in more concentrated metropolitan areas.

Nearby Job Markets

Nearby Cities for Personal Financial Advisors

CitySalaryDist.
Fort Smith, AR-OK Personal Financial Advisors Salary$110,330↓ 21%51 mi
Joplin, MO-KS Personal Financial Advisors Salary$96,040↓ 31%72 mi
Springfield, MO Personal Financial Advisors Salary$131,340↓ 6%91 mi
Tulsa, OK Personal Financial Advisors Salary$118,700↓ 15%97 mi

Comparing salaries near Fayetteville-Springdale-Rogers, AR

Hiring Personal Financial Advisorss?

Frequently Asked Questions

How much does a Personal Financial Advisors make in Fayetteville-Springdale-Rogers, AR?

The median annual salary for a Personal Financial Advisors in Fayetteville-Springdale-Rogers, AR is $140,030. This typically ranges from $40,160 for entry-level positions to $210,045 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Fayetteville-Springdale-Rogers, AR is 12.7% lower than the national median of $160,360.

Is Fayetteville-Springdale-Rogers, AR a lucrative place for Personal Financial Advisors?

No, it is not as lucrative as the national average.While the average salary of $140,030 is substantial, it falls below the national average of $160,360. However, the cost of living is also at the national average, making the salary's purchasing power comparable.

Is Fayetteville-Springdale-Rogers, AR a good place to live for Personal Financial Advisors?

The Cost of Living Index in Fayetteville-Springdale-Rogers, AR is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Fayetteville-Springdale-Rogers, AR?

Some top paying nearby cities include Fort Smith, AR-OK ($110,330) and Joplin, MO-KS.

How does the Fayetteville-Springdale-Rogers, AR salary compare to the national average?

The average salary for Personal Financial Advisors in Fayetteville-Springdale-Rogers, AR, is $140,030, which is approximately $20,000 less than the national average of $160,360.

What is the concentration of Personal Financial Advisors in this region?

The Location Quotient is 0.57, meaning there are fewer Personal Financial Advisors per worker in Fayetteville-Springdale-Rogers, AR, compared to the national average.

How does the cost of living affect the salary?

With a Cost of Living Index of 100, the salary of $140,030 in Fayetteville-Springdale-Rogers, AR, has the same purchasing power as the national average salary.

What does the job market size suggest for Personal Financial Advisors?

The local workforce of 270 suggests a modest market size for Personal Financial Advisors in the Fayetteville-Springdale-Rogers, AR area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 270 employees in the Fayetteville-Springdale-Rogers, AR area with a job density of 0.996 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in Fayetteville-Springdale-Rogers, AR

Semantic Salary Analysis for Personal Financial Advisors • Data source: BLS OEWS 2024 •Jobs in Fayetteville-Springdale-Rogers, AR