Average Personal Financial Advisors Salary in Lafayette-West Lafayette, IN
The average salary for a Personal Financial Advisors in Lafayette-West Lafayette, IN is $159,670. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $159,670 per year.
- Growth Trend: Salaries have shifted 166.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $239,505.
- Outlook: The current demand for Personal Financial Advisorss is stable, with a local workforce of approximately 70 professionals. This role remains a specialized component of the broader Lafayette-West Lafayette, IN economy.
Salary Overview
The average Personal Financial Advisors in Lafayette-West Lafayette, IN earns-0.4%below the national average.
$76.8
$3,071
$13,306
Personal Financial Advisors Salary Trends (2020-2024)
Over the past 4 years, Personal Financial Advisors salaries in Lafayette-West Lafayette, IN have experienced a rapid surge, growing by 166.8%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Personal Financial Advisors Salary Distribution in Lafayette-West Lafayette, IN
The earning potential for Personal Financial Advisorss in Lafayette-West Lafayette, IN varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 4.9x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $48,390, while highly experienced professionals can command wages upwards of $239,505.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,390 | $23.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $119,753 | $57.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $97,120 | $46.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $199,588 | $96 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $239,505 | $115.1 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$159,670
Gross Pay
Real Wage (Purchasing Power)
$159,670
Adjusted for COL (100)
In Lafayette-West Lafayette, IN, the Cost of Living Index is 100. This increases your effective purchasing power from $159,670 to $159,670.
Job Market Context
70
Total Jobs
0.64
Per 1K Jobs
0.36
Location Quotient
At 0.36x, Lafayette-West Lafayette, IN has a notably lower concentration of Personal Financial Advisors jobs than the national average. Opportunities in this area are relatively scarce for this profession.
70 people work as Personal Financial Advisors in Lafayette-West Lafayette, IN.
Only 0.64 out of every 1,000 local jobs are Personal Financial Advisors roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Kokomo, IN Personal Financial Advisors Salary | $122,370↓ 23% | 39 mi |
| Northern Indiana nonmetropolitan area Personal Financial Advisors Salary | $113,830↓ 29% | 50 mi |
| Southern Indiana nonmetropolitan area Personal Financial Advisors Salary | $98,870↓ 38% | 50 mi |
| Central Indiana nonmetropolitan area Personal Financial Advisors Salary | $122,650↓ 23% | 50 mi |
| Indianapolis-Carmel-Greenwood, IN Personal Financial Advisors Salary | $189,370↑ 19% | 57 mi |
Comparing salaries near Lafayette-West Lafayette, IN
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Lafayette-West Lafayette, IN?
The median annual salary for a Personal Financial Advisors in Lafayette-West Lafayette, IN is $159,670. This typically ranges from $48,390 for entry-level positions to $239,505 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lafayette-West Lafayette, IN is 0.4% lower than the national median of $160,360.
Is Lafayette-West Lafayette, IN a good place for Personal Financial Advisorss?
It depends on your priorities. While the average Personal Financial Advisors salary in Lafayette-West Lafayette, IN is $159,670 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Lafayette-West Lafayette, IN. See distinct detailed breakdown below.
Is Lafayette-West Lafayette, IN a good place to live for Personal Financial Advisors?
The Cost of Living Index in Lafayette-West Lafayette, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lafayette-West Lafayette, IN?
Some top paying nearby cities include Kokomo, IN ($122,370) and Northern Indiana nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 70 employees in the Lafayette-West Lafayette, IN area with a job density of 0.64 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 Lafayette-West Lafayette, IN