Average Personal Financial Advisors Salary in North Port-Bradenton-Sarasota, FL
Personal Financial Advisors in the North Port-Bradenton-Sarasota, FL area earn an average annual salary of $132,080. This figure is notably below the national average of $160,360, suggesting that local market dynamics, such as demand and the cost of doing business, play a significant role in compensation levels within this region.
Executive Summary
- Average Salary: $132,080 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $198,120.
- Outlook: The local job market for Personal Financial Advisors in North Port-Bradenton-Sarasota, FL, appears robust, with a total workforce of 910 individuals in this role. The Location Quotient of 1.54 indicates a higher concentration of these professionals compared to the national average, suggesting a sustained demand for their services within the region.
Salary Overview
The average Personal Financial Advisors in North Port-Bradenton-Sarasota, FL earns-17.6%below the national average.
$63.5
$2,540
$11,007
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Personal Financial Advisors in North Port-Bradenton-Sarasota, FL have experienced growth over the past four years, mirroring national trends. Factors such as increasing demand for financial planning services, evolving market conditions, and inflation likely contribute to upward pressure on compensation.
Personal Financial Advisors Salary Distribution in North Port-Bradenton-Sarasota, FL
Career progression for Personal Financial Advisors significantly impacts earning potential. Entry-level positions typically command lower salaries, while seasoned professionals with extensive experience and a proven track record can achieve substantially higher compensation. The percentile gaps in salary data reflect this scaling, with senior advisors often earning well above the average, signifying substantial career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,270 | $23.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $99,060 | $47.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $80,080 | $38.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $165,100 | $79.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $198,120 | $95.3 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$132,080
Gross Pay
Real Wage (Purchasing Power)
$132,080
Adjusted for COL (100)
The average annual salary of $132,080 in North Port-Bradenton-Sarasota, FL, is perfectly aligned with the local Cost of Living Index of 100. This means that the purchasing power of a Personal Financial Advisor's income in this area is equivalent to the national average, making it a stable financial environment for those in the profession.
Job Market Context
910
Total Jobs
2.71
Per 1K Jobs
1.54
Location Quotient
North Port-Bradenton-Sarasota, FL has 1.5x 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.
With a Location Quotient of 1.54, North Port-Bradenton-Sarasota, FL, demonstrates a concentration of Personal Financial Advisors that is 54% higher than the national average. This suggests a competitive yet potentially opportunity-rich market, where demand is strong enough to support a larger professional base than typically found elsewhere.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Punta Gorda, FL Personal Financial Advisors Salary | $146,940↑ 11% | 14 mi |
| Cape Coral-Fort Myers, FL Personal Financial Advisors Salary | $139,940↑ 6% | 31 mi |
| Sebring, FL Personal Financial Advisors Salary | $107,590↓ 19% | 54 mi |
| North Florida nonmetropolitan area Personal Financial Advisors Salary | $104,710↓ 21% | 58 mi |
Comparing salaries near North Port-Bradenton-Sarasota, FL
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in North Port-Bradenton-Sarasota, FL?
The median annual salary for a Personal Financial Advisors in North Port-Bradenton-Sarasota, FL is $132,080. This typically ranges from $48,270 for entry-level positions to $198,120 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in North Port-Bradenton-Sarasota, FL is 17.6% lower than the national median of $160,360.
Is North Port-Bradenton-Sarasota, FL a lucrative place for Personal Financial Advisors?
Yes, with a stable cost of living.While the average salary is below the national average, the cost of living is also at the national average, meaning your earnings have standard purchasing power. The high concentration of advisors indicates a strong local demand for these services.
Is North Port-Bradenton-Sarasota, FL a good place to live for Personal Financial Advisors?
The Cost of Living Index in North Port-Bradenton-Sarasota, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near North Port-Bradenton-Sarasota, FL?
Some top paying nearby cities include Punta Gorda, FL ($146,940) and Cape Coral-Fort Myers, FL.
How does the local salary compare to the national average?
Personal Financial Advisors in North Port-Bradenton-Sarasota, FL, earn an average of $132,080 annually, which is less than the national average of $160,360.
What is the significance of the Location Quotient (LQ) of 1.54?
An LQ of 1.54 means that Personal Financial Advisors are 54% more concentrated in the North Port-Bradenton-Sarasota, FL area than in the typical U.S. location, indicating a higher prevalence and potentially stronger local demand for these services.
How does the cost of living affect the salary in this area?
The cost of living in North Port-Bradenton-Sarasota, FL, is exactly at the national average (100). This means that the $132,080 salary offers purchasing power equivalent to the national average, making it a financially balanced location.
What is the total number of Personal Financial Advisors in this region?
There are approximately 910 Personal Financial Advisors working in the North Port-Bradenton-Sarasota, FL area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 910 employees in the North Port-Bradenton-Sarasota, FL area with a job density of 2.71 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 North Port-Bradenton-Sarasota, FL