Average Personal Financial Advisors Salary in Huntsville, AL
In Huntsville, AL, Personal Financial Advisors earn an average annual salary of $142,730. 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 state. Factors such as the concentration of financial services firms and the overall demand within the region contribute to this localized pay scale.
Executive Summary
- Average Salary: $142,730 per year.
- Growth Trend: Salaries have shifted 48.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $214,095.
- Outlook: The Personal Financial Advisor job market in Huntsville, AL, shows a modest presence with a total local workforce of 210 individuals. The Location Quotient of 0.47 indicates that this profession is less concentrated in Huntsville compared to the national average, suggesting a potentially less saturated but also perhaps less robust demand for these specialized roles within the immediate area.
Salary Overview
The average Personal Financial Advisors in Huntsville, AL earns-11.0%below the national average.
$68.6
$2,745
$11,894
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data for Huntsville is not provided, it is generally assumed that salaries for Personal Financial Advisors nationwide have experienced steady growth over the past four years, driven by increasing demand for financial planning services and evolving market conditions. This national trend likely influences local compensation, even if Huntsville's growth rate may differ.
Personal Financial Advisors Salary Distribution in Huntsville, AL
The salary range for Personal Financial Advisors in Huntsville, AL, can vary significantly based on experience. Entry-level positions typically command lower salaries, while seasoned professionals with extensive client portfolios and a proven track record can earn considerably more, potentially exceeding the average. The gap between lower and higher percentile earnings signifies the substantial career progression and earning potential available with increased expertise and tenure.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,910 | $17.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $107,048 | $51.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $89,260 | $42.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $178,413 | $85.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $214,095 | $102.9 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$142,730
Gross Pay
Real Wage (Purchasing Power)
$142,730
Adjusted for COL (100)
The average annual salary of $142,730 in Huntsville, AL, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Personal Financial Advisor's income in Huntsville is equivalent to the national average, offering a stable financial standing relative to the rest of the country.
Job Market Context
210
Total Jobs
0.826
Per 1K Jobs
0.47
Location Quotient
At 0.47x, Huntsville, 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.
With a Location Quotient of 0.47, Huntsville, AL, has a lower concentration of Personal Financial Advisors than the national average. This suggests that the job market for these professionals is not as saturated as in many other areas, potentially offering more opportunities for those entering the field or seeking to establish their practice, though it also implies a smaller overall industry presence.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Decatur, AL Personal Financial Advisors Salary | $121,580↓ 15% | 22 mi |
| Florence-Muscle Shoals, AL Personal Financial Advisors Salary | $101,670↓ 29% | 59 mi |
Comparing salaries near Huntsville, AL
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Huntsville, AL?
The median annual salary for a Personal Financial Advisors in Huntsville, AL is $142,730. This typically ranges from $36,910 for entry-level positions to $214,095 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Huntsville, AL is 11.0% lower than the national median of $160,360.
Is Huntsville, AL a lucrative place for Personal Financial Advisors?
No, not as lucrative as the national average.While Personal Financial Advisors in Huntsville earn a substantial $142,730 annually, this is below the national average of $160,360. However, the cost of living is on par with the national average, making the salary's purchasing power equivalent.
Is Huntsville, AL a good place to live for Personal Financial Advisors?
The Cost of Living Index in Huntsville, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Huntsville, AL?
Some top paying nearby cities include Decatur, AL ($121,580) and Florence-Muscle Shoals, AL.
How does Huntsville's Personal Financial Advisor salary compare to the national average?
Personal Financial Advisors in Huntsville, AL, earn an average of $142,730 annually, which is approximately 11% lower than the national average salary of $160,360.
What is the concentration of Personal Financial Advisors in Huntsville, AL?
Huntsville, AL, has a lower concentration of Personal Financial Advisors compared to the national average, indicated by a Location Quotient of 0.47. This means the profession is less common in Huntsville relative to its overall workforce size.
How does the cost of living in Huntsville affect salary perception?
Huntsville's Cost of Living Index is 100, matching the national average. Therefore, the nominal salary of $142,730 offers purchasing power equivalent to the national average, making it neither exceptionally high nor low in real terms.
What does the job market look like for Personal Financial Advisors in Huntsville?
The market is less concentrated than the national average, with 0.826 jobs per 1,000 workers. This suggests a potentially less competitive environment but also a smaller overall demand compared to more saturated markets.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 210 employees in the Huntsville, AL area with a job density of 0.826 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 Huntsville, AL