Average Personal Financial Advisors Salary in Manchester-Nashua, NH
Personal Financial Advisors in the Manchester-Nashua, NH area earn an average annual salary of $95,630. This figure is notably below the national average of $160,360, suggesting localized market dynamics and potentially a different demand-supply equilibrium influence pay rates in this region. The specific economic conditions and industry concentration within Manchester-Nashua play a significant role in shaping compensation for these financial professionals.
Executive Summary
- Average Salary: $95,630 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $156,740.
- Outlook: The Manchester-Nashua region supports a local workforce of 940 Personal Financial Advisors, indicating a substantial presence within the financial services sector. With a Location Quotient of 2.64, the concentration of these roles is more than double the national average, signaling robust demand and a specialized market for financial advisory services in this area. The density of jobs per 1,000 workers further underscores the active employment landscape for this profession.
Salary Overview
The average Personal Financial Advisors in Manchester-Nashua, NH earns-40.4%below the national average.
$46
$1,839
$7,969
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Personal Financial Advisor salaries in Manchester-Nashua have experienced growth over the past four years, mirroring national trends. Factors such as increasing demand for financial planning, evolving market conditions, and inflation likely contribute to a steady upward trajectory in compensation for experienced professionals in this field.
Personal Financial Advisors Salary Distribution in Manchester-Nashua, NH
Salary progression for Personal Financial Advisors in Manchester-Nashua typically scales with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with a proven track record and specialized expertise can command significantly higher earnings. The widening gap between entry-level and senior-level salaries, often represented by percentile differences, clearly signifies the career advancement and earning potential available within this role.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $56,290 | $27.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $71,723 | $34.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $81,980 | $39.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $119,538 | $57.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $156,740 | $75.4 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$95,630
Gross Pay
Real Wage (Purchasing Power)
$95,630
Adjusted for COL (100)
The average annual salary of $95,630 for Personal Financial Advisors in Manchester-Nashua aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of the local salary is equivalent to the national average, offering a stable financial environment for advisors residing in the area. While the nominal salary is below the national average, the cost of living parity ensures that the take-home pay maintains its relative value.
Job Market Context
940
Total Jobs
4.634
Per 1K Jobs
2.64
Location Quotient
Manchester-Nashua, NH has 2.6x the national concentration of Personal Financial Advisors jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
A Location Quotient of 2.64 for Personal Financial Advisors in Manchester-Nashua indicates a highly concentrated job market, significantly exceeding the national average. This suggests that the region is a hub for this profession, with a greater proportion of jobs relative to the national distribution. Consequently, the market is competitive, but also offers abundant opportunities for those seeking to enter or advance within the financial advisory field.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Central New Hampshire nonmetropolitan area Personal Financial Advisors Salary | $109,760↑ 15% | 33 mi |
| Northern New Hampshire nonmetropolitan area Personal Financial Advisors Salary | $123,760↑ 29% | 33 mi |
| Southwestern New Hampshire nonmetropolitan area Personal Financial Advisors Salary | $98,590↑ 3% | 33 mi |
| Boston-Cambridge-Newton, MA-NH Personal Financial Advisors Salary | $145,990↑ 53% | 50 mi |
| Massachusetts nonmetropolitan area Personal Financial Advisors Salary | $145,850↑ 53% | 52 mi |
Comparing salaries near Manchester-Nashua, NH
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Manchester-Nashua, NH?
The median annual salary for a Personal Financial Advisors in Manchester-Nashua, NH is $95,630. This typically ranges from $56,290 for entry-level positions to $156,740 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Manchester-Nashua, NH is 40.4% lower than the national median of $160,360.
Is Manchester-Nashua, NH a lucrative place for Personal Financial Advisors?
Yes, with caveats.While the average salary of $95,630 is below the national average, the strong concentration of jobs (LQ 2.64) and a cost of living at the national average suggest a stable and opportunity-rich environment for financial advisors.
Is Manchester-Nashua, NH a good place to live for Personal Financial Advisors?
The Cost of Living Index in Manchester-Nashua, NH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Manchester-Nashua, NH?
Some top paying nearby cities include Central New Hampshire nonmetropolitan area ($109,760) and Northern New Hampshire nonmetropolitan area.
How does the local salary compare to the national average?
The average salary for Personal Financial Advisors in Manchester-Nashua, NH is $95,630, which is considerably lower than the national average of $160,360.
What is the concentration of Personal Financial Advisors in Manchester-Nashua, NH?
The concentration, measured by the Location Quotient, is 2.64, meaning there are more than 2.5 times the national average number of Personal Financial Advisors per worker in this area.
How does the cost of living affect the salary in Manchester-Nashua, NH?
The cost of living in Manchester-Nashua, NH is at the national average (100), so the $95,630 salary has purchasing power equivalent to the national average.
What does the job market look like for Personal Financial Advisors in this area?
The job market appears robust, with a significant local workforce of 940 and a high concentration of roles, indicating strong demand for financial advisory services.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 940 employees in the Manchester-Nashua, NH area with a job density of 4.634 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 Manchester-Nashua, NH