Average Personal Financial Advisors Salary in Kankakee, IL
The average salary for Personal Financial Advisorss in Kankakee, IL is $102,120. While this is lower than the national average, the cost of living in Kankakee, IL may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $102,120 per year.
- Growth Trend: Salaries have shifted 1.1% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $172,500.
- Outlook: The current demand for Personal Financial Advisorss is stable, with a local workforce of approximately 50 professionals. This role remains a specialized component of the broader Kankakee, IL economy.
Salary Overview
The average Personal Financial Advisors in Kankakee, IL earns-36.3%below the national average.
$49.1
$1,964
$8,510
Personal Financial Advisors Salary Trends (2020-2024)
Over the past 3 years, Personal Financial Advisors salaries in Kankakee, IL have seen a slight adjustment of -1.1%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Personal Financial Advisors Salary Distribution in Kankakee, IL
The earning potential for Personal Financial Advisorss in Kankakee, IL varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 5.3x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $32,700, while highly experienced professionals can command wages upwards of $172,500.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $32,700 | $15.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $76,590 | $36.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $82,550 | $39.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $127,650 | $61.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $172,500 | $82.9 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$102,120
Gross Pay
Real Wage (Purchasing Power)
$102,120
Adjusted for COL (100)
In Kankakee, IL, the Cost of Living Index is 100. This increases your effective purchasing power from $102,120 to $102,120.
Job Market Context
50
Total Jobs
1.111
Per 1K Jobs
0.63
Location Quotient
Kankakee, IL has 0.63x 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.
50 people work as Personal Financial Advisors in Kankakee, IL.
1.111 out of every 1,000 local jobs are Personal Financial Advisors positions — a typical concentration.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Chicago-Naperville-Elgin, IL-IN Personal Financial Advisors Salary | $162,700↑ 59% | 55 mi |
| Michigan City-La Porte, IN Personal Financial Advisors Salary | $89,190↓ 13% | 66 mi |
| Champaign-Urbana, IL Personal Financial Advisors Salary | $124,060↑ 21% | 72 mi |
| Lafayette-West Lafayette, IN Personal Financial Advisors Salary | $159,670↑ 56% | 72 mi |
| Bloomington, IL Personal Financial Advisors Salary | $123,240↑ 21% | 72 mi |
Comparing salaries near Kankakee, IL
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Kankakee, IL?
The median annual salary for a Personal Financial Advisors in Kankakee, IL is $102,120. This typically ranges from $32,700 for entry-level positions to $172,500 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Kankakee, IL is 36.3% lower than the national median of $160,360.
Is Kankakee, IL a good place for Personal Financial Advisorss?
It depends on your priorities. While the average Personal Financial Advisors salary in Kankakee, IL is $102,120 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Kankakee, IL. See distinct detailed breakdown below.
Is Kankakee, IL a good place to live for Personal Financial Advisors?
The Cost of Living Index in Kankakee, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Kankakee, IL?
Some top paying nearby cities include Chicago-Naperville-Elgin, IL-IN ($162,700) and Michigan City-La Porte, IN.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 50 employees in the Kankakee, IL area with a job density of 1.111 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Personal Financial Advisors Salaries by State
Top Jobs in Kankakee, IL
- All Occupations Salary in Kankakee, IL
- Healthcare Practitioners and Technical Occupations Salary in Kankakee, IL
- Office and Administrative Support Occupations Salary in Kankakee, IL
- Food Preparation and Serving Related Occupations Salary in Kankakee, IL
- Transportation and Material Moving Occupations Salary in Kankakee, IL
- Production Occupations Salary in Kankakee, IL
- Sales and Related Occupations Salary in Kankakee, IL
- Educational Instruction and Library Occupations Salary in Kankakee, IL
- Management Occupations Salary in Kankakee, IL
- Healthcare Support Occupations Salary in Kankakee, IL
- Browse All Jobs in Kankakee, IL →
Semantic Salary Analysis for Personal Financial Advisors • Data source: BLS OEWS 2024 •Jobs in Kankakee, IL