Average Personal Financial Advisors Salary in Lexington Park, MD
The average salary for Personal Financial Advisorss in Lexington Park, MD is $84,620. While this is lower than the national average, the cost of living in Lexington Park, MD may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $84,620 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $137,500.
- Outlook: The current demand for Personal Financial Advisorss is stable, with a local workforce of approximately 80 professionals. This role remains a specialized component of the broader Lexington Park, MD economy.
Salary Overview
The average Personal Financial Advisors in Lexington Park, MD earns-47.2%below the national average.
$40.7
$1,627
$7,052
Personal Financial Advisors Salary Trends (2020-2024)
Historical trend data for Personal Financial Advisors in Lexington Park, MD is limited, but current market signals indicate a stable demand environment.
Personal Financial Advisors Salary Distribution in Lexington Park, MD
The earning potential for Personal Financial Advisorss in Lexington Park, MD varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.0x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $46,050, while highly experienced professionals can command wages upwards of $137,500.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,050 | $22.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $63,465 | $30.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $60,390 | $29 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $105,775 | $50.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $137,500 | $66.1 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$84,620
Gross Pay
Real Wage (Purchasing Power)
$84,620
Adjusted for COL (100)
In Lexington Park, MD, the Cost of Living Index is 100. This increases your effective purchasing power from $84,620 to $84,620.
Job Market Context
80
Total Jobs
1.165
Per 1K Jobs
0.66
Location Quotient
Lexington Park, MD has 0.66x 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.
80 people work as Personal Financial Advisors in Lexington Park, MD.
1.165 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. |
|---|---|---|
| Salisbury, MD Personal Financial Advisors Salary | $108,480↑ 28% | 47 mi |
| Washington-Arlington-Alexandria, DC-VA-MD-WV Personal Financial Advisors Salary | $170,870↑ 102% | 55 mi |
| Maryland nonmetropolitan area Personal Financial Advisors Salary | $118,000↑ 39% | 59 mi |
| Baltimore-Columbia-Towson, MD Personal Financial Advisors Salary | $168,930↑ 100% | 72 mi |
| Richmond, VA Personal Financial Advisors Salary | $142,740↑ 69% | 75 mi |
Comparing salaries near Lexington Park, MD
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Lexington Park, MD?
The median annual salary for a Personal Financial Advisors in Lexington Park, MD is $84,620. This typically ranges from $46,050 for entry-level positions to $137,500 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington Park, MD is 47.2% lower than the national median of $160,360.
Is Lexington Park, MD a good place for Personal Financial Advisorss?
It depends on your priorities. While the average Personal Financial Advisors salary in Lexington Park, MD is $84,620 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Lexington Park, MD. See distinct detailed breakdown below.
Is Lexington Park, MD a good place to live for Personal Financial Advisors?
The Cost of Living Index in Lexington Park, MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lexington Park, MD?
Some top paying nearby cities include Salisbury, MD ($108,480) and Washington-Arlington-Alexandria, DC-VA-MD-WV.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 80 employees in the Lexington Park, MD area with a job density of 1.165 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 Lexington Park, MD
- All Occupations Salary in Lexington Park, MD
- Business and Financial Operations Occupations Salary in Lexington Park, MD
- Office and Administrative Support Occupations Salary in Lexington Park, MD
- Food Preparation and Serving Related Occupations Salary in Lexington Park, MD
- Architecture and Engineering Occupations Salary in Lexington Park, MD
- Computer and Mathematical Occupations Salary in Lexington Park, MD
- Sales and Related Occupations Salary in Lexington Park, MD
- Management Occupations Salary in Lexington Park, MD
- Educational Instruction and Library Occupations Salary in Lexington Park, MD
- Healthcare Practitioners and Technical Occupations Salary in Lexington Park, MD
- Browse All Jobs in Lexington Park, MD →
Semantic Salary Analysis for Personal Financial Advisors • Data source: BLS OEWS 2024 •Jobs in Lexington Park, MD