Average Personal Financial Advisors Salary in Northwest Illinois nonmetropolitan area
The average salary for Personal Financial Advisorss in Northwest Illinois nonmetropolitan area is $98,490. While this is lower than the national average, the cost of living in Northwest Illinois nonmetropolitan area may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $98,490 per year.
- Growth Trend: Salaries have shifted 17.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $152,030.
- Outlook: The current demand for Personal Financial Advisorss is stable, with a local workforce of approximately 80 professionals. This role remains a specialized component of the broader Northwest Illinois nonmetropolitan area economy.
Salary Overview
The average Personal Financial Advisors in Northwest Illinois nonmetropolitan area earns-38.6%below the national average.
$47.4
$1,894
$8,208
Personal Financial Advisors Salary Trends (2020-2024)
Over the past 4 years, Personal Financial Advisors salaries in Northwest Illinois nonmetropolitan area have shown healthy growth of 17.7%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Personal Financial Advisors Salary Distribution in Northwest Illinois nonmetropolitan area
The earning potential for Personal Financial Advisorss in Northwest Illinois nonmetropolitan area 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 $45,680, while highly experienced professionals can command wages upwards of $152,030.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $45,680 | $22 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $73,868 | $35.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $71,950 | $34.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $123,113 | $59.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $152,030 | $73.1 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$98,490
Gross Pay
Real Wage (Purchasing Power)
$98,490
Adjusted for COL (100)
In Northwest Illinois nonmetropolitan area, the Cost of Living Index is 100. This increases your effective purchasing power from $98,490 to $98,490.
Job Market Context
80
Total Jobs
0.637
Per 1K Jobs
0.36
Location Quotient
At 0.36x, Northwest Illinois nonmetropolitan area has a notably lower concentration of Personal Financial Advisors jobs than the national average. Opportunities in this area are relatively scarce for this profession.
80 people work as Personal Financial Advisors in Northwest Illinois nonmetropolitan area.
Only 0.637 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. |
|---|---|---|
| Bloomington, IL Personal Financial Advisors Salary | $123,240↑ 25% | 9 mi |
| Champaign-Urbana, IL Personal Financial Advisors Salary | $124,060↑ 26% | 41 mi |
| Peoria, IL Personal Financial Advisors Salary | $128,730↑ 31% | 43 mi |
| Springfield, IL Personal Financial Advisors Salary | $135,750↑ 38% | 53 mi |
Comparing salaries near Northwest Illinois nonmetropolitan area
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Northwest Illinois nonmetropolitan area?
The median annual salary for a Personal Financial Advisors in Northwest Illinois nonmetropolitan area is $98,490. This typically ranges from $45,680 for entry-level positions to $152,030 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northwest Illinois nonmetropolitan area is 38.6% lower than the national median of $160,360.
Is Northwest Illinois nonmetropolitan area a good place for Personal Financial Advisorss?
It depends on your priorities. While the average Personal Financial Advisors salary in Northwest Illinois nonmetropolitan area is $98,490 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Northwest Illinois nonmetropolitan area. See distinct detailed breakdown below.
Is Northwest Illinois nonmetropolitan area a good place to live for Personal Financial Advisors?
The Cost of Living Index in Northwest Illinois nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northwest Illinois nonmetropolitan area?
Some top paying nearby cities include Bloomington, IL ($123,240) and Champaign-Urbana, IL.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 80 employees in the Northwest Illinois nonmetropolitan area area with a job density of 0.637 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 Northwest Illinois nonmetropolitan area