Average Personal Financial Advisors Salary in Jacksonville, FL
Personal Financial Advisors in Jacksonville, FL, earn an impressive average annual salary of $170,100. This figure notably surpasses the national average of $160,360, indicating a strong demand and potentially higher earning potential within the local market. Factors such as the concentration of wealth, specific industry needs, and the overall economic landscape of Jacksonville likely contribute to this elevated compensation.
Executive Summary
- Average Salary: $170,100 per year.
- Growth Trend: Salaries have shifted 85.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $255,150.
- Outlook: With a local workforce of 1,800 Personal Financial Advisors, Jacksonville demonstrates a significant presence in this profession. The Location Quotient of 1.35 suggests that this role is more concentrated in Jacksonville than the national average, implying a robust and potentially growing job market for these professionals. The figure of 2.375 jobs per 1,000 workers further underscores the demand and availability of opportunities.
Salary Overview
The average Personal Financial Advisors in Jacksonville, FL earns+6.1%above the national average.
$81.8
$3,271
$14,175
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the salary for Personal Financial Advisors in Jacksonville has experienced consistent growth over the past four years, mirroring national trends. Economic expansion, evolving financial planning needs, and increased demand for expert advice typically drive upward salary adjustments in this field.
Personal Financial Advisors Salary Distribution in Jacksonville, FL
The career trajectory for Personal Financial Advisors in Jacksonville offers substantial earning potential. Entry-level positions typically start at lower percentiles, while seasoned professionals with extensive experience and a proven track record can command salaries in the upper percentiles. The significant salary gap between junior and senior advisors highlights the value placed on expertise, client portfolios, and long-term success in this role.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $56,930 | $27.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $127,575 | $61.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $96,720 | $46.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $212,625 | $102.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $255,150 | $122.7 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$170,100
Gross Pay
Real Wage (Purchasing Power)
$170,100
Adjusted for COL (100)
The average annual salary of $170,100 in Jacksonville 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 Jacksonville is equivalent to the national average, offering a stable financial standing without the immediate pressure of higher or lower living expenses.
Job Market Context
1,800
Total Jobs
2.375
Per 1K Jobs
1.35
Location Quotient
With a location quotient of 1.35, Jacksonville, FL has a slightly higher-than-average concentration of Personal Financial Advisors roles compared to the national norm.
Jacksonville's Location Quotient of 1.35 indicates a higher concentration of Personal Financial Advisors compared to the national average. This suggests a competitive yet well-established market where demand for these services is strong, potentially offering more specialized opportunities and a dynamic professional environment for advisors.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Brunswick-St. Simons, GA Personal Financial Advisors Salary | $135,220↓ 21% | 57 mi |
| Gainesville, FL Personal Financial Advisors Salary | $166,990↓ 2% | 60 mi |
| Ocala, FL Personal Financial Advisors Salary | $119,760↓ 30% | 85 mi |
Comparing salaries near Jacksonville, FL
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Jacksonville, FL?
The median annual salary for a Personal Financial Advisors in Jacksonville, FL is $170,100. This typically ranges from $56,930 for entry-level positions to $255,150 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Jacksonville, FL is 6.1% higher than the national median of $160,360.
Is Jacksonville, FL a lucrative place for Personal Financial Advisors?
Yes, Jacksonville, FL is a lucrative location for Personal Financial Advisors.The average salary of $170,100 significantly exceeds the national average, and the cost of living is on par with the national average, offering excellent purchasing power.
Is Jacksonville, FL a good place to live for Personal Financial Advisors?
The Cost of Living Index in Jacksonville, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Jacksonville, FL?
Some top paying nearby cities include Brunswick-St. Simons, GA ($135,220) and Gainesville, FL.
How does Jacksonville's Personal Financial Advisor salary compare to the national average?
Personal Financial Advisors in Jacksonville earn an average of $170,100 annually, which is $9,740 more than the national average of $160,360.
What is the job concentration for Personal Financial Advisors in Jacksonville?
Jacksonville has a Location Quotient of 1.35 for Personal Financial Advisors, meaning the profession is 35% more concentrated there than the national average.
How does the cost of living in Jacksonville affect salary perception?
With a Cost of Living Index of 100, Jacksonville's cost of living is exactly at the national average. This means the $170,100 salary offers a purchasing power equivalent to the national average.
What is the total number of Personal Financial Advisors in Jacksonville?
There are approximately 1,800 Personal Financial Advisors working in Jacksonville, FL.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,800 employees in the Jacksonville, FL area with a job density of 2.375 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 Jacksonville, FL