Average Personal Financial Advisors Salary in Kansas City, MO-KS
Personal Financial Advisors in Kansas City, MO-KS earn an impressive average annual salary of $160,460, virtually mirroring the national average of $160,360. This strong compensation reflects the specialized skills and fiduciary responsibilities inherent in financial advising, a demand that is well-supported within the Kansas City metropolitan area.
Executive Summary
- Average Salary: $160,460 per year.
- Growth Trend: Salaries have shifted 41.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $240,690.
- Outlook: The Kansas City market for Personal Financial Advisors is robust, with a local workforce of 2,820 professionals. The location quotient of 1.47 indicates a significantly higher concentration of these roles compared to the national average, suggesting a strong and potentially growing demand for financial advisory services within the region.
Salary Overview
The average Personal Financial Advisors in Kansas City, MO-KS earns+0.1%above the national average.
$77.2
$3,086
$13,372
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Personal Financial Advisor salaries in Kansas City have experienced steady growth over the past four years, aligning with national trends. Factors such as increasing demand for financial planning, evolving market conditions, and the need for expert guidance likely contribute to upward salary pressure in this profession.
Personal Financial Advisors Salary Distribution in Kansas City, MO-KS
Career progression for Personal Financial Advisors in Kansas City, MO-KS typically involves a significant salary increase with experience. Entry-level positions might start at a lower percentile, but as advisors gain experience, build client portfolios, and achieve senior status, their earning potential escalates considerably, with higher percentiles reflecting greater expertise and client trust.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $56,050 | $26.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $120,345 | $57.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $104,990 | $50.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $200,575 | $96.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $240,690 | $115.7 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$160,460
Gross Pay
Real Wage (Purchasing Power)
$160,460
Adjusted for COL (100)
The average annual salary of $160,460 in Kansas City, MO-KS is highly competitive, especially when considering the local Cost of Living Index is exactly at the national average of 100. This means that the purchasing power of a Personal Financial Advisor's income in Kansas City is equivalent to the national standard, offering a stable financial environment.
Job Market Context
2,820
Total Jobs
2.579
Per 1K Jobs
1.47
Location Quotient
With a location quotient of 1.47, Kansas City, MO-KS has a slightly higher-than-average concentration of Personal Financial Advisors roles compared to the national norm.
With a location quotient of 1.47, Kansas City, MO-KS demonstrates a concentration of Personal Financial Advisors that is 47% higher than the national average. This suggests a dynamic and potentially competitive job market where demand for these specialized services is notably strong, offering ample opportunities for both established professionals and newcomers.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Lawrence, KS Personal Financial Advisors Salary | $169,600↑ 6% | 38 mi |
| Topeka, KS Personal Financial Advisors Salary | $132,830↓ 17% | 60 mi |
Comparing salaries near Kansas City, MO-KS
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Kansas City, MO-KS?
The median annual salary for a Personal Financial Advisors in Kansas City, MO-KS is $160,460. This typically ranges from $56,050 for entry-level positions to $240,690 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Kansas City, MO-KS is 0.1% higher than the national median of $160,360.
Is Kansas City, MO-KS a lucrative place for Personal Financial Advisors?
Yes, Kansas City, MO-KS is a lucrative place for Personal Financial Advisors.The average salary is on par with the national average, and the cost of living is also at the national average, indicating strong earning potential and purchasing power.
Is Kansas City, MO-KS a good place to live for Personal Financial Advisors?
The Cost of Living Index in Kansas City, MO-KS is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Kansas City, MO-KS?
Some top paying nearby cities include Lawrence, KS ($169,600) and Topeka, KS.
How does the number of Personal Financial Advisors in Kansas City compare nationally?
Kansas City has 2.579 Personal Financial Advisors per 1,000 workers, which is higher than the national average, indicating a strong local presence in this profession.
What is the significance of the Location Quotient for Personal Financial Advisors in Kansas City?
A Location Quotient of 1.47 means that Personal Financial Advisors are 47% more concentrated in Kansas City than the national average, signaling robust local demand and a specialized job market.
Does experience significantly impact a Personal Financial Advisor's salary in Kansas City?
Yes, experience is a key driver of salary growth for Personal Financial Advisors, with senior roles commanding higher compensation than entry-level positions.
How does the cost of living affect the salary of a Personal Financial Advisor in Kansas City?
The cost of living in Kansas City is exactly at the national average (100), meaning the $160,460 salary offers a purchasing power equivalent to the national average, making it a financially stable location.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,820 employees in the Kansas City, MO-KS area with a job density of 2.579 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 Kansas City, MO-KS