Average Personal Financial Advisors Salary in Lincoln, NE
Personal Financial Advisors in Lincoln, NE, earn an average annual salary of $110,970. This figure is notably below the national average of $160,360, reflecting regional economic factors and demand dynamics specific to the Nebraska capital. While the nominal salary is lower, understanding the local market context is crucial for financial professionals.
Executive Summary
- Average Salary: $110,970 per year.
- Growth Trend: Salaries have shifted 8.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $198,360.
- Outlook: With a local workforce of 370 Personal Financial Advisors, Lincoln, NE, presents a stable, albeit not booming, job market for this profession. The Location Quotient of 1.18 suggests a slightly higher concentration of these roles compared to the national average, indicating a steady demand that aligns with the state's financial services sector needs. The presence of 2.062 jobs per 1,000 workers further supports a consistent, albeit moderate, employment landscape.
Salary Overview
The average Personal Financial Advisors in Lincoln, NE earns-30.8%below the national average.
$53.4
$2,134
$9,248
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data for Lincoln is not provided, it is reasonable to assume that Personal Financial Advisor salaries in the region have experienced gradual growth over the past four years, mirroring national trends. Economic expansion, evolving client needs for financial planning, and the increasing complexity of investment vehicles likely contribute to upward pressure on compensation, even in non-major metropolitan areas.
Personal Financial Advisors Salary Distribution in Lincoln, NE
Career progression for Personal Financial Advisors in Lincoln, NE, typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with established client bases and specialized expertise can command salaries in the upper percentiles. The gap between entry-level and senior roles signifies substantial earning potential and career advancement opportunities within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,580 | $16.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $83,228 | $40 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $71,990 | $34.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $138,713 | $66.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $198,360 | $95.4 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$110,970
Gross Pay
Real Wage (Purchasing Power)
$110,970
Adjusted for COL (100)
The average annual salary of $110,970 for Personal Financial Advisors in Lincoln, NE, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the salary in Lincoln is equivalent to the national average, offering a stable financial footing for advisors considering a move to or within the city.
Job Market Context
370
Total Jobs
2.062
Per 1K Jobs
1.18
Location Quotient
With a location quotient of 1.18, Lincoln, NE has a slightly higher-than-average concentration of Personal Financial Advisors roles compared to the national norm.
A Location Quotient of 1.18 indicates that Personal Financial Advisors are slightly more concentrated in Lincoln, NE, than the national average. This suggests a healthy, competitive market where the demand for these services is robust enough to support a slightly higher proportion of professionals. While not oversaturated, the market is well-established, offering opportunities for skilled advisors.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Omaha, NE-IA Personal Financial Advisors Salary | $154,420↑ 39% | 45 mi |
| South Nebraska nonmetropolitan area Personal Financial Advisors Salary | $85,110↓ 23% | 86 mi |
| Northeast Nebraska nonmetropolitan area Personal Financial Advisors Salary | $88,540↓ 20% | 86 mi |
| Northwest Nebraska nonmetropolitan area Personal Financial Advisors Salary | $78,270↓ 29% | 86 mi |
| Grand Island, NE Personal Financial Advisors Salary | $82,190↓ 26% | 88 mi |
Comparing salaries near Lincoln, NE
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Lincoln, NE?
The median annual salary for a Personal Financial Advisors in Lincoln, NE is $110,970. This typically ranges from $34,580 for entry-level positions to $198,360 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lincoln, NE is 30.8% lower than the national median of $160,360.
Is Lincoln, NE a lucrative place for Personal Financial Advisors?
Yes, with caveats regarding national comparisons.Lincoln, NE offers a competitive salary of $110,970, which holds its value due to a cost of living index matching the national average. The slightly higher concentration of advisors (LQ 1.18) indicates a stable demand for their services.
Is Lincoln, NE a good place to live for Personal Financial Advisors?
The Cost of Living Index in Lincoln, NE is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lincoln, NE?
Some top paying nearby cities include Omaha, NE-IA ($154,420) and South Nebraska nonmetropolitan area.
How does Lincoln's Personal Financial Advisor salary compare to the national average?
The average salary of $110,970 in Lincoln, NE, is below the national average of $160,360. However, the cost of living in Lincoln is also at the national average, meaning the salary's purchasing power is equivalent.
What is the job market like for Personal Financial Advisors in Lincoln, NE?
The job market is stable with a slightly higher concentration of Personal Financial Advisors than the national average (LQ 1.18). This indicates consistent demand and a healthy professional community.
Does experience significantly impact a Personal Financial Advisor's salary in Lincoln, NE?
Yes, experience plays a crucial role. Entry-level advisors typically earn less, while senior advisors with established clienteles and expertise can command significantly higher salaries, reflecting substantial career growth potential.
Is Lincoln, NE an affordable place to live for Personal Financial Advisors?
Yes, Lincoln, NE, is considered affordable as its Cost of Living Index is exactly at the national average of 100. This means the $110,970 salary provides purchasing power comparable to the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 370 employees in the Lincoln, NE area with a job density of 2.062 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 Lincoln, NE