Average Personal Financial Advisors Salary in Florence-Muscle Shoals, AL
The average salary for Personal Financial Advisorss in Florence-Muscle Shoals, AL is $101,670. While this is lower than the national average, the cost of living in Florence-Muscle Shoals, AL may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $101,670 per year.
- Growth Trend: Salaries have shifted 23.2% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $151,910.
- Outlook: The current demand for Personal Financial Advisorss is stable, with a local workforce of approximately 50 professionals. This role remains a specialized component of the broader Florence-Muscle Shoals, AL economy.
Salary Overview
The average Personal Financial Advisors in Florence-Muscle Shoals, AL earns-36.6%below the national average.
$48.9
$1,955
$8,473
Personal Financial Advisors Salary Trends (2020-2024)
Over the past 3 years, Personal Financial Advisors salaries in Florence-Muscle Shoals, AL have seen a slight adjustment of -23.2%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Personal Financial Advisors Salary Distribution in Florence-Muscle Shoals, AL
The earning potential for Personal Financial Advisorss in Florence-Muscle Shoals, AL varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 4.3x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $35,560, while highly experienced professionals can command wages upwards of $151,910.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,560 | $17.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $76,253 | $36.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $79,990 | $38.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $127,088 | $61.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $151,910 | $73 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$101,670
Gross Pay
Real Wage (Purchasing Power)
$101,670
Adjusted for COL (100)
In Florence-Muscle Shoals, AL, the Cost of Living Index is 100. This increases your effective purchasing power from $101,670 to $101,670.
Job Market Context
50
Total Jobs
0.816
Per 1K Jobs
0.47
Location Quotient
At 0.47x, Florence-Muscle Shoals, AL has a notably lower concentration of Personal Financial Advisors jobs than the national average. Opportunities in this area are relatively scarce for this profession.
50 people work as Personal Financial Advisors in Florence-Muscle Shoals, AL.
Only 0.816 out of every 1,000 local jobs are Personal Financial Advisors roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Decatur, AL Personal Financial Advisors Salary | $121,580↑ 20% | 42 mi |
| Huntsville, AL Personal Financial Advisors Salary | $142,730↑ 40% | 59 mi |
| West Tennessee nonmetropolitan area Personal Financial Advisors Salary | $131,140↑ 29% | 84 mi |
Comparing salaries near Florence-Muscle Shoals, AL
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Florence-Muscle Shoals, AL?
The median annual salary for a Personal Financial Advisors in Florence-Muscle Shoals, AL is $101,670. This typically ranges from $35,560 for entry-level positions to $151,910 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Florence-Muscle Shoals, AL is 36.6% lower than the national median of $160,360.
Is Florence-Muscle Shoals, AL a good place for Personal Financial Advisorss?
It depends on your priorities. While the average Personal Financial Advisors salary in Florence-Muscle Shoals, AL is $101,670 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Florence-Muscle Shoals, AL. See distinct detailed breakdown below.
Is Florence-Muscle Shoals, AL a good place to live for Personal Financial Advisors?
The Cost of Living Index in Florence-Muscle Shoals, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Florence-Muscle Shoals, AL?
Some top paying nearby cities include Decatur, AL ($121,580) and Huntsville, AL.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 50 employees in the Florence-Muscle Shoals, AL area with a job density of 0.816 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Personal Financial Advisors Salaries by State
Top Jobs in Florence-Muscle Shoals, AL
- All Occupations Salary in Florence-Muscle Shoals, AL
- Sales and Related Occupations Salary in Florence-Muscle Shoals, AL
- Food Preparation and Serving Related Occupations Salary in Florence-Muscle Shoals, AL
- Office and Administrative Support Occupations Salary in Florence-Muscle Shoals, AL
- Production Occupations Salary in Florence-Muscle Shoals, AL
- Transportation and Material Moving Occupations Salary in Florence-Muscle Shoals, AL
- Healthcare Practitioners and Technical Occupations Salary in Florence-Muscle Shoals, AL
- Educational Instruction and Library Occupations Salary in Florence-Muscle Shoals, AL
- Installation, Maintenance, and Repair Occupations Salary in Florence-Muscle Shoals, AL
- Construction and Extraction Occupations Salary in Florence-Muscle Shoals, AL
- Browse All Jobs in Florence-Muscle Shoals, AL →
Semantic Salary Analysis for Personal Financial Advisors • Data source: BLS OEWS 2024 •Jobs in Florence-Muscle Shoals, AL