Average Personal Financial Advisors Salary in Greenville-Anderson-Greer, SC
Personal Financial Advisors in the Greenville-Anderson-Greer, SC area earn an average annual salary of $128,420. This figure is notably below the national average of $160,360, suggesting that local market dynamics and potentially lower demand contribute to this compensation difference. The specific economic landscape of the region plays a crucial role in shaping the earning potential for these professionals.
Executive Summary
- Average Salary: $128,420 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $231,910.
- Outlook: With a local workforce of 460 Personal Financial Advisors, the Greenville-Anderson-Greer, SC market exhibits a concentration (Location Quotient) of 0.61, indicating a slightly lower presence compared to the national average. While the absolute number of professionals is moderate, the lower LQ suggests that the demand might not be as robust as in more concentrated national hubs, though the presence of over a thousand jobs per 1,000 workers (1.069) points to a stable, albeit not booming, job market.
Salary Overview
The average Personal Financial Advisors in Greenville-Anderson-Greer, SC earns-19.9%below the national average.
$61.7
$2,470
$10,702
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data for this localized market isn't provided, it's reasonable to assume a general trend of salary growth for Personal Financial Advisors over the past four years, mirroring national patterns. Economic shifts, evolving client needs for financial planning, and the increasing complexity of investment vehicles likely contribute to upward pressure on compensation, even in areas with a lower concentration of professionals.
Personal Financial Advisors Salary Distribution in Greenville-Anderson-Greer, SC
The career trajectory for Personal Financial Advisors typically involves significant salary progression with experience. Entry-level advisors might start at a lower percentile of the salary range, while seasoned professionals with a proven track record and a robust client base can command salaries well into the higher percentiles. The gap between entry-level and senior roles signifies substantial earning potential as expertise and client portfolios grow.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $51,610 | $24.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $96,315 | $46.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $95,660 | $46 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $160,525 | $77.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $231,910 | $111.5 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$128,420
Gross Pay
Real Wage (Purchasing Power)
$128,420
Adjusted for COL (100)
For Personal Financial Advisors relocating to Greenville-Anderson-Greer, SC, the average salary of $128,420 aligns perfectly with the national average cost of living (100). This means that the purchasing power of the salary is neither significantly enhanced nor diminished by local expenses, offering a stable financial baseline compared to the rest of the country.
Job Market Context
460
Total Jobs
1.069
Per 1K Jobs
0.61
Location Quotient
Greenville-Anderson-Greer, SC has 0.61x 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 0.61 for Personal Financial Advisors in Greenville-Anderson-Greer, SC, indicates that this profession is less concentrated in this metropolitan area than the national average. This suggests a less saturated market, which could present opportunities for new entrants or those seeking to establish themselves, but also implies that the overall demand might be more limited compared to areas with a higher LQ.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Spartanburg, SC Personal Financial Advisors Salary | $162,940↑ 27% | 26 mi |
| Asheville, NC Personal Financial Advisors Salary | $130,720↑ 2% | 52 mi |
| Athens-Clarke County, GA Personal Financial Advisors Salary | $144,770↑ 13% | 84 mi |
Comparing salaries near Greenville-Anderson-Greer, SC
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Greenville-Anderson-Greer, SC?
The median annual salary for a Personal Financial Advisors in Greenville-Anderson-Greer, SC is $128,420. This typically ranges from $51,610 for entry-level positions to $231,910 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Greenville-Anderson-Greer, SC is 19.9% lower than the national median of $160,360.
Is Greenville-Anderson-Greer, SC a lucrative place for Personal Financial Advisors?
No, it is not as lucrative as the national average.The average salary of $128,420 is significantly lower than the national average of $160,360, although the cost of living is on par with the national average.
Is Greenville-Anderson-Greer, SC a good place to live for Personal Financial Advisors?
The Cost of Living Index in Greenville-Anderson-Greer, SC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Greenville-Anderson-Greer, SC?
Some top paying nearby cities include Spartanburg, SC ($162,940) and Asheville, NC.
How does the Greenville-Anderson-Greer, SC salary compare to the national average?
The average annual salary for Personal Financial Advisors in Greenville-Anderson-Greer, SC is $128,420, which is 20% lower than the national average of $160,360.
What is the cost of living in Greenville-Anderson-Greer, SC for Personal Financial Advisors?
The cost of living index in Greenville-Anderson-Greer, SC is 100, which is exactly the national average, meaning expenses are comparable to the rest of the United States.
How concentrated is the Personal Financial Advisor job market in Greenville-Anderson-Greer, SC?
The market has a Location Quotient of 0.61, indicating that Personal Financial Advisors are less concentrated in this area compared to the national average.
What is the total workforce size for Personal Financial Advisors in this area?
There are approximately 460 Personal Financial Advisors employed in the Greenville-Anderson-Greer, SC metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 460 employees in the Greenville-Anderson-Greer, SC area with a job density of 1.069 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 Greenville-Anderson-Greer, SC