Average Personal Financial Advisors Salary in Michigan City-La Porte, IN
The average salary for Personal Financial Advisorss in Michigan City-La Porte, IN is $89,190. While this is lower than the national average, the cost of living in Michigan City-La Porte, IN may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $89,190 per year.
- Growth Trend: Salaries have shifted 14.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $158,240.
- Outlook: The current demand for Personal Financial Advisorss is stable, with a local workforce of approximately 40 professionals. This role remains a specialized component of the broader Michigan City-La Porte, IN economy.
Salary Overview
The average Personal Financial Advisors in Michigan City-La Porte, IN earns-44.4%below the national average.
$42.9
$1,715
$7,433
Personal Financial Advisors Salary Trends (2020-2024)
Over the past 3 years, Personal Financial Advisors salaries in Michigan City-La Porte, IN have shown healthy growth of 14.1%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Personal Financial Advisors Salary Distribution in Michigan City-La Porte, IN
The earning potential for Personal Financial Advisorss in Michigan City-La Porte, IN varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.3x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $48,070, while highly experienced professionals can command wages upwards of $158,240.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,070 | $23.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $66,893 | $32.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $73,970 | $35.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $111,488 | $53.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $158,240 | $76.1 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$89,190
Gross Pay
Real Wage (Purchasing Power)
$89,190
Adjusted for COL (100)
In Michigan City-La Porte, IN, the Cost of Living Index is 100. This increases your effective purchasing power from $89,190 to $89,190.
Job Market Context
40
Total Jobs
0.89
Per 1K Jobs
0.51
Location Quotient
Michigan City-La Porte, IN has 0.51x 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.
40 people work as Personal Financial Advisors in Michigan City-La Porte, IN.
Only 0.89 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. |
|---|---|---|
| South Bend-Mishawaka, IN-MI Personal Financial Advisors Salary | $126,420↑ 42% | 31 mi |
| Niles, MI Personal Financial Advisors Salary | $156,700↑ 76% | 33 mi |
| Chicago-Naperville-Elgin, IL-IN Personal Financial Advisors Salary | $162,700↑ 82% | 41 mi |
| Elkhart-Goshen, IN Personal Financial Advisors Salary | $139,280↑ 56% | 47 mi |
| Kankakee, IL Personal Financial Advisors Salary | $102,120↑ 14% | 66 mi |
Comparing salaries near Michigan City-La Porte, IN
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Michigan City-La Porte, IN?
The median annual salary for a Personal Financial Advisors in Michigan City-La Porte, IN is $89,190. This typically ranges from $48,070 for entry-level positions to $158,240 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Michigan City-La Porte, IN is 44.4% lower than the national median of $160,360.
Is Michigan City-La Porte, IN a good place for Personal Financial Advisorss?
It depends on your priorities. While the average Personal Financial Advisors salary in Michigan City-La Porte, IN is $89,190 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Michigan City-La Porte, IN. See distinct detailed breakdown below.
Is Michigan City-La Porte, IN a good place to live for Personal Financial Advisors?
The Cost of Living Index in Michigan City-La Porte, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Michigan City-La Porte, IN?
Some top paying nearby cities include South Bend-Mishawaka, IN-MI ($126,420) and Niles, MI.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 40 employees in the Michigan City-La Porte, IN area with a job density of 0.89 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 Michigan City-La Porte, IN