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Average Personal Financial Advisors Salary in Jackson, MS

Personal Financial Advisors in Jackson, MS, earn an average annual salary of $158,880. This figure is slightly below the national average of $160,360, indicating a localized market dynamic. Factors such as regional economic conditions and the specific demand within the Jackson metropolitan area likely influence this compensation.

Executive Summary

  • Average Salary: $158,880 per year.
  • Growth Trend: Salaries have shifted 44.9% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $238,320.
  • Outlook: With a local workforce of 360 Personal Financial Advisors, Jackson, MS, presents a modest but stable job market. The Location Quotient of 0.77 suggests that while the concentration of these professionals is slightly lower than the national average, there is still a consistent presence and demand for their services within the community.
2024 Market Data

Salary Overview

$158,880

The average Personal Financial Advisors in Jackson, MS earns-0.9%below the national average.

BreakdownBased on 40h/week
Hourly

$76.4

Weekly

$3,055

Monthly

$13,240

Personal Financial Advisors Salary Distribution in Jackson, MS

The career path for Personal Financial Advisors in Jackson, MS, typically shows significant salary progression with experience. Entry-level positions might start at a lower percentile, but seasoned professionals with a proven track record and specialized skills can command salaries in the higher percentiles, reflecting increased responsibility and client trust.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$40,800$19.6
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$119,160$57.3
ManagerOversees team, compliance, and project delivery.50% (Median)$78,530$37.8
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$198,600$95.5
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$238,320$114.6

Detailed Personal Financial Advisors Market Analysis

Relocation Context

Nominal Salary

$158,880

Gross Pay

Real Wage (Purchasing Power)

$158,880

Adjusted for COL (100)

The average salary of $158,880 in Jackson, MS, 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 Jackson is equivalent to the national average, offering a stable financial environment for residents.

Job Market Context

360

Total Jobs

1.342

Per 1K Jobs

0.77

Location Quotient

Below Average

Jackson, MS has 0.77x 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 0.77 indicates that Personal Financial Advisors are slightly less concentrated in Jackson, MS, compared to the national average. This suggests a potentially less saturated market, offering opportunities for skilled professionals to establish themselves and build a client base without facing intense competition.

Nearby Job Markets

Nearby Cities for Personal Financial Advisors

CitySalaryDist.
Lower East Mississippi nonmetropolitan area Personal Financial Advisors Salary$130,180↓ 18%43 mi
Hattiesburg, MS Personal Financial Advisors Salary$135,000↓ 15%87 mi

Comparing salaries near Jackson, MS

Hiring Personal Financial Advisorss?

Frequently Asked Questions

How much does a Personal Financial Advisors make in Jackson, MS?

The median annual salary for a Personal Financial Advisors in Jackson, MS is $158,880. This typically ranges from $40,800 for entry-level positions to $238,320 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Jackson, MS is 0.9% lower than the national median of $160,360.

Is Jackson, MS a lucrative place for Personal Financial Advisorss?

Yes, with a stable financial outlook.The average salary of $158,880 is competitive, especially considering the national average cost of living. While slightly below the national salary average, the stable cost of living ensures good purchasing power for advisors in Jackson.

Is Jackson, MS a good place to live for Personal Financial Advisors?

The Cost of Living Index in Jackson, MS is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Jackson, MS?

Some top paying nearby cities include Lower East Mississippi nonmetropolitan area ($130,180) and Hattiesburg, MS.

How does the Jackson, MS salary compare to the national average?

The average annual salary for Personal Financial Advisors in Jackson, MS, is $158,880, which is slightly lower than the national average of $160,360.

What is the concentration of Personal Financial Advisors in Jackson, MS?

The concentration, measured by the Location Quotient, is 0.77, indicating a slightly lower presence of Personal Financial Advisors compared to the national average.

How does the cost of living in Jackson, MS affect advisor salaries?

Jackson, MS, has a Cost of Living Index of 100, which is the national average. This means the $158,880 salary offers purchasing power equivalent to the national average.

What is the total number of Personal Financial Advisors in Jackson, MS?

There are approximately 360 Personal Financial Advisors working in the Jackson, MS area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 360 employees in the Jackson, MS area with a job density of 1.342 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Personal Financial Advisors • Data source: BLS OEWS 2024 •Jobs in Jackson, MS