Average Personal Financial Advisors Salary in Harrisburg-Carlisle, PA
Personal Financial Advisors in the Harrisburg-Carlisle, PA area earn an average annual salary of $133,880. This figure is notably below the national average of $160,360, suggesting that local market dynamics and potentially a different economic landscape influence compensation for this role within the region.
Executive Summary
- Average Salary: $133,880 per year.
- Growth Trend: Salaries have shifted 48.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $200,820.
- Outlook: With a local workforce of 430 Personal Financial Advisors and a Location Quotient of 0.74, the Harrisburg-Carlisle market indicates a slightly lower concentration of these professionals compared to the national average. While not indicating a scarcity, this suggests a stable, albeit not booming, demand for financial advisory services within the area.
Salary Overview
The average Personal Financial Advisors in Harrisburg-Carlisle, PA earns-16.5%below the national average.
$64.4
$2,575
$11,157
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data is not provided, it's generally assumed that salaries for Personal Financial Advisors across the nation, including in Harrisburg-Carlisle, have experienced steady growth over the past four years, driven by increasing demand for financial planning and wealth management services.
Personal Financial Advisors Salary Distribution in Harrisburg-Carlisle, PA
Career progression for Personal Financial Advisors in Harrisburg-Carlisle, as elsewhere, is typically marked by increasing earning potential. Entry-level positions may start significantly lower than the average, while seasoned advisors with extensive client bases and specialized expertise can command salaries well above the $133,880 average, reflecting years of experience and proven success.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $41,480 | $19.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $100,410 | $48.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $95,930 | $46.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $167,350 | $80.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $200,820 | $96.5 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$133,880
Gross Pay
Real Wage (Purchasing Power)
$133,880
Adjusted for COL (100)
The average salary of $133,880 in Harrisburg-Carlisle aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Personal Financial Advisor's salary in this region is equivalent to the national average, offering a stable financial environment without the added pressure of higher living expenses.
Job Market Context
430
Total Jobs
1.292
Per 1K Jobs
0.74
Location Quotient
Harrisburg-Carlisle, PA has 0.74x 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.
A Location Quotient of 0.74 for Personal Financial Advisors in Harrisburg-Carlisle signifies that the profession is less concentrated here than the national average. This suggests that while the market is stable, there may be fewer specialized roles or a less competitive environment for job seekers compared to more densely populated financial hubs.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| York-Hanover, PA Personal Financial Advisors Salary | $163,950↑ 22% | 23 mi |
| Lancaster, PA Personal Financial Advisors Salary | $152,370↑ 14% | 35 mi |
| Chambersburg, PA Personal Financial Advisors Salary | $109,210↓ 18% | 47 mi |
Comparing salaries near Harrisburg-Carlisle, PA
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Harrisburg-Carlisle, PA?
The median annual salary for a Personal Financial Advisors in Harrisburg-Carlisle, PA is $133,880. This typically ranges from $41,480 for entry-level positions to $200,820 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Harrisburg-Carlisle, PA is 16.5% lower than the national median of $160,360.
Is Harrisburg-Carlisle, PA a lucrative place for Personal Financial Advisors?
No, not exceptionally lucrative compared to the national average.While the average salary of $133,880 is substantial, it falls below the national average of $160,360, indicating that compensation in Harrisburg-Carlisle is not as high as in other regions.
Is Harrisburg-Carlisle, PA a good place to live for Personal Financial Advisors?
The Cost of Living Index in Harrisburg-Carlisle, PA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Harrisburg-Carlisle, PA?
Some top paying nearby cities include York-Hanover, PA ($163,950) and Lancaster, PA.
How does the local workforce size affect job prospects?
A local workforce of 430 Personal Financial Advisors suggests a moderate-sized market. This indicates a steady but not overwhelming number of opportunities, requiring advisors to be competitive and potentially specialized.
What does a Location Quotient of 0.74 mean for job seekers?
A Location Quotient below 1.0, like 0.74, means Personal Financial Advisors are less common in Harrisburg-Carlisle than the national average. This could translate to fewer job openings but potentially less competition for those available.
How does the Cost of Living impact the salary?
With a Cost of Living Index of 100, the national average, the $133,880 salary in Harrisburg-Carlisle offers purchasing power equivalent to the national average. This means your earnings will stretch as far as they would in most other parts of the country.
Are there many Personal Financial Advisor jobs per 1,000 workers in Harrisburg-Carlisle?
With 1.292 jobs per 1,000 workers, Harrisburg-Carlisle shows a moderate level of employment for Personal Financial Advisors relative to its overall workforce size, aligning with the slightly lower concentration indicated by the Location Quotient.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 430 employees in the Harrisburg-Carlisle, PA area with a job density of 1.292 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 Harrisburg-Carlisle, PA