Average Personal Financial Advisors Salary in Niles, MI
The average salary for a Personal Financial Advisors in Niles, MI is $156,700. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $156,700 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $235,050.
- 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 Niles, MI economy.
Salary Overview
The average Personal Financial Advisors in Niles, MI earns-2.3%below the national average.
$75.3
$3,013
$13,058
Personal Financial Advisors Salary Trends (2020-2024)
Historical trend data for Personal Financial Advisors in Niles, MI is limited, but current market signals indicate a stable demand environment.
Personal Financial Advisors Salary Distribution in Niles, MI
The earning potential for Personal Financial Advisorss in Niles, MI varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 6.1x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $38,560, while highly experienced professionals can command wages upwards of $235,050.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,560 | $18.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $117,525 | $56.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $89,210 | $42.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $195,875 | $94.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $235,050 | $113 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$156,700
Gross Pay
Real Wage (Purchasing Power)
$156,700
Adjusted for COL (100)
In Niles, MI, the Cost of Living Index is 100. This increases your effective purchasing power from $156,700 to $156,700.
Job Market Context
50
Total Jobs
0.86
Per 1K Jobs
0.49
Location Quotient
At 0.49x, Niles, MI 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 Niles, MI.
Only 0.86 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↓ 19% | 11 mi |
| Elkhart-Goshen, IN Personal Financial Advisors Salary | $139,280↓ 11% | 18 mi |
| Michigan City-La Porte, IN Personal Financial Advisors Salary | $89,190↓ 43% | 33 mi |
| Kalamazoo-Portage, MI Personal Financial Advisors Salary | $157,250↑ 0% | 45 mi |
Comparing salaries near Niles, MI
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Niles, MI?
The median annual salary for a Personal Financial Advisors in Niles, MI is $156,700. This typically ranges from $38,560 for entry-level positions to $235,050 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Niles, MI is 2.3% lower than the national median of $160,360.
Is Niles, MI a good place for Personal Financial Advisorss?
It depends on your priorities. While the average Personal Financial Advisors salary in Niles, MI is $156,700 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Niles, MI. See distinct detailed breakdown below.
Is Niles, MI a good place to live for Personal Financial Advisors?
The Cost of Living Index in Niles, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Niles, MI?
Some top paying nearby cities include South Bend-Mishawaka, IN-MI ($126,420) and Elkhart-Goshen, IN.
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 Niles, MI area with a job density of 0.86 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 Niles, MI