Average Personal Financial Advisors Salary in Greensboro-High Point, NC
Personal Financial Advisors in Greensboro-High Point, NC, command an impressive average annual salary of $163,350. This figure slightly surpasses the national average of $160,360, indicating a competitive market. Local economic factors and demand within the region contribute to this favorable compensation.
Executive Summary
- Average Salary: $163,350 per year.
- Growth Trend: Salaries have shifted 23.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $245,025.
- Outlook: With a local workforce of 540 Personal Financial Advisors and a Location Quotient of 0.86, the Greensboro-High Point area exhibits a slightly below-average concentration compared to national benchmarks. While not a major hub for this specific profession, the presence of a dedicated workforce suggests a stable, albeit not rapidly expanding, demand for these services.
Salary Overview
The average Personal Financial Advisors in Greensboro-High Point, NC earns+1.9%above the national average.
$78.5
$3,141
$13,613
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Personal Financial Advisor salaries in Greensboro-High Point have experienced consistent growth over the past four years, mirroring national trends. Economic recovery and an increasing need for financial guidance typically drive upward salary adjustments in this sector.
Personal Financial Advisors Salary Distribution in Greensboro-High Point, NC
The career trajectory for Personal Financial Advisors in Greensboro-High Point offers significant earning potential. Entry-level positions may start closer to the lower percentiles, but with accumulated experience and demonstrated success, advisors can advance to senior roles commanding salaries well above the average. The widening gap between entry-level and senior compensation reflects the value placed on expertise and client management.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $52,290 | $25.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $122,513 | $58.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $108,130 | $52 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $204,188 | $98.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $245,025 | $117.8 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$163,350
Gross Pay
Real Wage (Purchasing Power)
$163,350
Adjusted for COL (100)
For Personal Financial Advisors considering a move to Greensboro-High Point, the average salary of $163,350 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of an advisor's income in this area is equivalent to the national average, offering a stable financial foundation without the premium often associated with higher-cost metropolitan areas.
Job Market Context
540
Total Jobs
1.511
Per 1K Jobs
0.86
Location Quotient
Greensboro-High Point, NC has 0.86x 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 0.86 suggests that Personal Financial Advisors are slightly less concentrated in Greensboro-High Point than the national average. This indicates a market that is neither oversaturated nor critically undersupplied, presenting a balanced environment for both new entrants and established professionals seeking opportunities.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Burlington, NC Personal Financial Advisors Salary | $172,490↑ 6% | 20 mi |
| Winston-Salem, NC Personal Financial Advisors Salary | $218,530↑ 34% | 23 mi |
| Eastern North Carolina nonmetropolitan area Personal Financial Advisors Salary | $231,700↑ 42% | 32 mi |
Comparing salaries near Greensboro-High Point, NC
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Greensboro-High Point, NC?
The median annual salary for a Personal Financial Advisors in Greensboro-High Point, NC is $163,350. This typically ranges from $52,290 for entry-level positions to $245,025 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Greensboro-High Point, NC is 1.9% higher than the national median of $160,360.
Is Greensboro-High Point, NC a lucrative place for Personal Financial Advisors?
Yes, it offers competitive compensation.Personal Financial Advisors in Greensboro-High Point earn an average of $163,350 annually, exceeding the national average. Coupled with a national average cost of living, this makes the area financially attractive for the profession.
Is Greensboro-High Point, NC a good place to live for Personal Financial Advisors?
The Cost of Living Index in Greensboro-High Point, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Greensboro-High Point, NC?
Some top paying nearby cities include Burlington, NC ($172,490) and Winston-Salem, NC.
How does the Greensboro-High Point salary compare to the national average?
The average annual salary for Personal Financial Advisors in Greensboro-High Point is $163,350, which is slightly higher than the national average of $160,360.
What is the concentration of Personal Financial Advisors in Greensboro-High Point?
The concentration, measured by the Location Quotient, is 0.86, indicating a slightly lower presence of Personal Financial Advisors compared to the national average.
How does the cost of living affect the Greensboro-High Point salary?
With a Cost of Living Index of 100, the Greensboro-High Point area matches the national average. Therefore, the $163,350 salary offers purchasing power equivalent to the national average.
What does the total local workforce number signify?
The total local workforce of 540 Personal Financial Advisors indicates a substantial, established presence of professionals in this field within the Greensboro-High Point region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 540 employees in the Greensboro-High Point, NC area with a job density of 1.511 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 Greensboro-High Point, NC