Average Personal Financial Advisors Salary in Lynchburg, VA
The average salary for Personal Financial Advisorss in Lynchburg, VA is $143,100. While this is lower than the national average, the cost of living in Lynchburg, VA may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $143,100 per year.
- Growth Trend: Salaries have shifted 14.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $214,650.
- 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 Lynchburg, VA economy.
Salary Overview
The average Personal Financial Advisors in Lynchburg, VA earns-10.8%below the national average.
$68.8
$2,752
$11,925
Personal Financial Advisors Salary Trends (2020-2024)
Over the past 4 years, Personal Financial Advisors salaries in Lynchburg, VA have shown healthy growth of 14.9%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Personal Financial Advisors Salary Distribution in Lynchburg, VA
The earning potential for Personal Financial Advisorss in Lynchburg, VA varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 5.3x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $40,320, while highly experienced professionals can command wages upwards of $214,650.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,320 | $19.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $107,325 | $51.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $97,310 | $46.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $178,875 | $86 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $214,650 | $103.2 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$143,100
Gross Pay
Real Wage (Purchasing Power)
$143,100
Adjusted for COL (100)
In Lynchburg, VA, the Cost of Living Index is 100. This increases your effective purchasing power from $143,100 to $143,100.
Job Market Context
80
Total Jobs
0.783
Per 1K Jobs
0.45
Location Quotient
At 0.45x, Lynchburg, VA has a notably lower concentration of Personal Financial Advisors jobs than the national average. Opportunities in this area are relatively scarce for this profession.
80 people work as Personal Financial Advisors in Lynchburg, VA.
Only 0.783 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. |
|---|---|---|
| Roanoke, VA Personal Financial Advisors Salary | $133,750↓ 7% | 43 mi |
| Staunton-Stuarts Draft, VA Personal Financial Advisors Salary | $117,600↓ 18% | 53 mi |
| Charlottesville, VA Personal Financial Advisors Salary | $149,010↑ 4% | 59 mi |
| Southside Virginia nonmetropolitan area Personal Financial Advisors Salary | $126,290↓ 12% | 61 mi |
| Northern West Virginia nonmetropolitan area Personal Financial Advisors Salary | $90,100↓ 37% | 61 mi |
Comparing salaries near Lynchburg, VA
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Lynchburg, VA?
The median annual salary for a Personal Financial Advisors in Lynchburg, VA is $143,100. This typically ranges from $40,320 for entry-level positions to $214,650 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lynchburg, VA is 10.8% lower than the national median of $160,360.
Is Lynchburg, VA a good place for Personal Financial Advisorss?
It depends on your priorities. While the average Personal Financial Advisors salary in Lynchburg, VA is $143,100 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Lynchburg, VA. See distinct detailed breakdown below.
Is Lynchburg, VA a good place to live for Personal Financial Advisors?
The Cost of Living Index in Lynchburg, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lynchburg, VA?
Some top paying nearby cities include Roanoke, VA ($133,750) and Staunton-Stuarts Draft, VA.
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 Lynchburg, VA area with a job density of 0.783 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 Lynchburg, VA