Average Personal Financial Advisors Salary in Kansas nonmetropolitan area
Personal Financial Advisors in Kansas's nonmetropolitan areas are earning an impressive average annual salary of $179,010. This figure notably surpasses the national average of $160,360, indicating a strong demand and potentially higher value placed on financial advisory services in these regions. The unique economic landscape and specific client needs within these areas likely contribute to this elevated compensation.
Executive Summary
- Average Salary: $179,010 per year.
- Growth Trend: Salaries have shifted 172.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $268,515.
- Outlook: With a local workforce of 300 Personal Financial Advisors, the market in Kansas's nonmetropolitan areas presents a nuanced picture. The Location Quotient of 0.45 suggests that this profession is less concentrated here compared to the national average, implying a potentially less saturated but also possibly less robust job market. However, the presence of a dedicated workforce indicates ongoing opportunities for skilled professionals.
Salary Overview
The average Personal Financial Advisors in Kansas nonmetropolitan area earns+11.6%above the national average.
$86.1
$3,443
$14,918
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 nonmetropolitan areas have experienced growth over the past four years, mirroring national trends. Factors such as increasing demand for financial planning, evolving market complexities, and inflation likely contribute to a positive salary trajectory for professionals in this field.
Personal Financial Advisors Salary Distribution in Kansas nonmetropolitan area
Salary progression for Personal Financial Advisors typically scales significantly with experience. Entry-level positions may start at a lower percentile, but as advisors gain expertise, build client portfolios, and achieve professional certifications, their earning potential increases substantially. The widening gap between lower and higher salary percentiles clearly signifies the career progression and increased value associated with senior-level advisory roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,990 | $24 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $134,258 | $64.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,960 | $37.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $223,763 | $107.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $268,515 | $129.1 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$179,010
Gross Pay
Real Wage (Purchasing Power)
$179,010
Adjusted for COL (100)
The nominal average annual salary of $179,010 in Kansas's nonmetropolitan areas is particularly attractive when contrasted with the local Cost of Living Index of 100, which is precisely the national average. This means that the purchasing power of an advisor's earnings in this region is equivalent to the national standard, allowing for a comfortable lifestyle without the premium often associated with higher-paying metropolitan areas.
Job Market Context
300
Total Jobs
0.797
Per 1K Jobs
0.45
Location Quotient
At 0.45x, Kansas nonmetropolitan area has a notably lower concentration of Personal Financial Advisors jobs than the national average. Opportunities in this area are relatively scarce for this profession.
The Location Quotient of 0.45 for Personal Financial Advisors in Kansas's nonmetropolitan areas indicates a lower concentration of these professionals relative to the national average. This suggests that the job market may be less competitive, offering potential advantages for new entrants or those looking to establish themselves. While not a hub for the profession, the steady presence of 300 advisors points to a stable, albeit less dense, demand.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Manhattan, KS Personal Financial Advisors Salary | $123,690↓ 31% | 46 mi |
| Topeka, KS Personal Financial Advisors Salary | $132,830↓ 26% | 66 mi |
| Wichita, KS Personal Financial Advisors Salary | $164,200↓ 8% | 67 mi |
| Lawrence, KS Personal Financial Advisors Salary | $169,600↓ 5% | 84 mi |
Comparing salaries near Kansas nonmetropolitan area
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Kansas nonmetropolitan area?
The median annual salary for a Personal Financial Advisors in Kansas nonmetropolitan area is $179,010. This typically ranges from $49,990 for entry-level positions to $268,515 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Kansas nonmetropolitan area is 11.6% higher than the national median of $160,360.
Is Kansas nonmetropolitan area a lucrative place for Personal Financial Advisors?
Yes, it is a lucrative place for Personal Financial Advisors.Personal Financial Advisors in Kansas nonmetropolitan areas earn significantly above the national average salary, and with a cost of living at the national average, their effective purchasing power is high.
Is Kansas nonmetropolitan area a good place to live for Personal Financial Advisors?
The Cost of Living Index in Kansas nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Kansas nonmetropolitan area?
Some top paying nearby cities include Manhattan, KS ($123,690) and Topeka, KS.
How does the salary compare to the national average?
Personal Financial Advisors in Kansas nonmetropolitan areas earn an average of $179,010 annually, which is higher than the national average of $160,360.
What is the cost of living in Kansas nonmetropolitan areas?
The cost of living in Kansas nonmetropolitan areas is at the national average, indexed at 100.
How concentrated is the Personal Financial Advisor job market in this region?
The market has a Location Quotient of 0.45, meaning it is less concentrated than the national average, suggesting potentially less competition.
What is the total number of Personal Financial Advisors in this area?
There are approximately 300 Personal Financial Advisors employed in the Kansas nonmetropolitan areas.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 300 employees in the Kansas nonmetropolitan area area with a job density of 0.797 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 nonmetropolitan area