Average Personal Financial Advisors Salary in Monroe, LA
Yes, Monroe, LA is a highly lucrative market for Personal Financial Advisorss. With an average annual salary of $213,860, professionals here earn significantly more than the national norm.
Executive Summary
- Average Salary: $213,860 per year.
- Growth Trend: Salaries have shifted 423.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $320,790.
- Outlook: The current demand for Personal Financial Advisorss is stable, with a local workforce of approximately 50 professionals. This role remains a specialized component of the broader Monroe, LA economy.
Salary Overview
The average Personal Financial Advisors in Monroe, LA earns+33.4%above the national average.
$102.8
$4,113
$17,822
Personal Financial Advisors Salary Trends (2020-2024)
Over the past 4 years, Personal Financial Advisors salaries in Monroe, LA have experienced a rapid surge, growing by 423.4%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Personal Financial Advisors Salary Distribution in Monroe, LA
The earning potential for Personal Financial Advisorss in Monroe, LA varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 8.5x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $37,580, while highly experienced professionals can command wages upwards of $320,790.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,580 | $18.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $160,395 | $77.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $93,470 | $44.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $267,325 | $128.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $320,790 | $154.2 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$213,860
Gross Pay
Real Wage (Purchasing Power)
$213,860
Adjusted for COL (100)
In Monroe, LA, the Cost of Living Index is 100. This increases your effective purchasing power from $213,860 to $213,860.
Job Market Context
50
Total Jobs
0.565
Per 1K Jobs
0.32
Location Quotient
At 0.32x, Monroe, LA has a notably lower concentration of Personal Financial Advisors jobs than the national average. Opportunities in this area are relatively scarce for this profession.
50 people work as Personal Financial Advisors in Monroe, LA.
Only 0.565 out of every 1,000 local jobs are Personal Financial Advisors roles — this is a niche profession in the area.
Nearby Job Markets
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Monroe, LA?
The median annual salary for a Personal Financial Advisors in Monroe, LA is $213,860. This typically ranges from $37,580 for entry-level positions to $320,790 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Monroe, LA is 33.4% higher than the national median of $160,360.
Is Monroe, LA a good place for Personal Financial Advisorss?
Yes, Monroe, LA is financially attractive for Personal Financial Advisorss. The average salary of $213,860 exceeds the national average. See distinct detailed breakdown below.
Is Monroe, LA a good place to live for Personal Financial Advisors?
The Cost of Living Index in Monroe, LA is 100. While higher than average, this often correlates with higher wages.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 50 employees in the Monroe, LA area with a job density of 0.565 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 Monroe, LA