Average Personal Financial Advisors Salary in Mankato, MN
The average salary for Personal Financial Advisorss in Mankato, MN is $108,520. While this is lower than the national average, the cost of living in Mankato, MN may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $108,520 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $208,600.
- Outlook: The current demand for Personal Financial Advisorss is stable, with a local workforce of approximately 60 professionals. This role remains a specialized component of the broader Mankato, MN economy.
Salary Overview
The average Personal Financial Advisors in Mankato, MN earns-32.3%below the national average.
$52.2
$2,087
$9,043
Personal Financial Advisors Salary Trends (2020-2024)
Historical trend data for Personal Financial Advisors in Mankato, MN is limited, but current market signals indicate a stable demand environment.
Personal Financial Advisors Salary Distribution in Mankato, MN
The earning potential for Personal Financial Advisorss in Mankato, MN varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 5.4x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $38,320, while highly experienced professionals can command wages upwards of $208,600.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,320 | $18.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $81,390 | $39.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $91,410 | $43.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $135,650 | $65.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $208,600 | $100.3 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$108,520
Gross Pay
Real Wage (Purchasing Power)
$108,520
Adjusted for COL (100)
In Mankato, MN, the Cost of Living Index is 100. This increases your effective purchasing power from $108,520 to $108,520.
Job Market Context
60
Total Jobs
1.136
Per 1K Jobs
0.65
Location Quotient
Mankato, MN has 0.65x 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.
60 people work as Personal Financial Advisors in Mankato, MN.
1.136 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. |
|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI Personal Financial Advisors Salary | $142,780↑ 32% | 66 mi |
| Rochester, MN Personal Financial Advisors Salary | $133,640↑ 23% | 75 mi |
| St. Cloud, MN Personal Financial Advisors Salary | $116,290↑ 7% | 95 mi |
Comparing salaries near Mankato, MN
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Mankato, MN?
The median annual salary for a Personal Financial Advisors in Mankato, MN is $108,520. This typically ranges from $38,320 for entry-level positions to $208,600 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Mankato, MN is 32.3% lower than the national median of $160,360.
Is Mankato, MN a good place for Personal Financial Advisorss?
It depends on your priorities. While the average Personal Financial Advisors salary in Mankato, MN is $108,520 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Mankato, MN. See distinct detailed breakdown below.
Is Mankato, MN a good place to live for Personal Financial Advisors?
The Cost of Living Index in Mankato, MN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Mankato, MN?
Some top paying nearby cities include Minneapolis-St. Paul-Bloomington, MN-WI ($142,780) and Rochester, MN.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 60 employees in the Mankato, MN area with a job density of 1.136 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 Mankato, MN