Average Personal Financial Advisors Salary in Kokomo, IN
The average salary for Personal Financial Advisorss in Kokomo, IN is $122,370. While this is lower than the national average, the cost of living in Kokomo, IN may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $122,370 per year.
- Growth Trend: Salaries have shifted 25.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $224,460.
- Outlook: The current demand for Personal Financial Advisorss is stable, with a local workforce of approximately 60 professionals. This role remains a specialized component of the broader Kokomo, IN economy.
Salary Overview
The average Personal Financial Advisors in Kokomo, IN earns-23.7%below the national average.
$58.8
$2,353
$10,198
Personal Financial Advisors Salary Trends (2020-2024)
Over the past 3 years, Personal Financial Advisors salaries in Kokomo, IN have experienced a rapid surge, growing by 25.6%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Personal Financial Advisors Salary Distribution in Kokomo, IN
The earning potential for Personal Financial Advisorss in Kokomo, IN varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 4.7x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $47,770, while highly experienced professionals can command wages upwards of $224,460.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,770 | $23 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $91,778 | $44.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $83,590 | $40.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $152,963 | $73.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $224,460 | $107.9 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$122,370
Gross Pay
Real Wage (Purchasing Power)
$122,370
Adjusted for COL (100)
In Kokomo, IN, the Cost of Living Index is 100. This increases your effective purchasing power from $122,370 to $122,370.
Job Market Context
60
Total Jobs
1.792
Per 1K Jobs
1.02
Location Quotient
With a location quotient of 1.02, Kokomo, IN has a slightly higher-than-average concentration of Personal Financial Advisors roles compared to the national norm.
60 people work as Personal Financial Advisors in Kokomo, IN.
1.792 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. |
|---|---|---|
| Lafayette-West Lafayette, IN Personal Financial Advisors Salary | $159,670↑ 30% | 39 mi |
| Muncie, IN Personal Financial Advisors Salary | $124,070↑ 1% | 43 mi |
| Northern Indiana nonmetropolitan area Personal Financial Advisors Salary | $113,830↓ 7% | 43 mi |
| Southern Indiana nonmetropolitan area Personal Financial Advisors Salary | $98,870↓ 19% | 43 mi |
| Central Indiana nonmetropolitan area Personal Financial Advisors Salary | $122,650↑ 0% | 43 mi |
Comparing salaries near Kokomo, IN
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Kokomo, IN?
The median annual salary for a Personal Financial Advisors in Kokomo, IN is $122,370. This typically ranges from $47,770 for entry-level positions to $224,460 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Kokomo, IN is 23.7% lower than the national median of $160,360.
Is Kokomo, IN a good place for Personal Financial Advisorss?
It depends on your priorities. While the average Personal Financial Advisors salary in Kokomo, IN is $122,370 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Kokomo, IN. See distinct detailed breakdown below.
Is Kokomo, IN a good place to live for Personal Financial Advisors?
The Cost of Living Index in Kokomo, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Kokomo, IN?
Some top paying nearby cities include Lafayette-West Lafayette, IN ($159,670) and Muncie, IN.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 60 employees in the Kokomo, IN area with a job density of 1.792 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 Kokomo, IN