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Average Personal Financial Advisors Salary in Norwich-New London-Willimantic, CT

The average salary for Personal Financial Advisorss in Norwich-New London-Willimantic, CT is $113,020. While this is lower than the national average, the cost of living in Norwich-New London-Willimantic, CT may offset the difference, preserving real purchasing power.

Executive Summary

  • Average Salary: $113,020 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $187,490.
  • Outlook: The current demand for Personal Financial Advisorss is stable, with a local workforce of approximately 100 professionals. This role remains a specialized component of the broader Norwich-New London-Willimantic, CT economy.
2024 Market Data

Salary Overview

$113,020

The average Personal Financial Advisors in Norwich-New London-Willimantic, CT earns-29.5%below the national average.

BreakdownBased on 40h/week
Hourly

$54.3

Weekly

$2,173

Monthly

$9,418

Personal Financial Advisors Salary Distribution in Norwich-New London-Willimantic, CT

The earning potential for Personal Financial Advisorss in Norwich-New London-Willimantic, CT varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.2x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $58,430, while highly experienced professionals can command wages upwards of $187,490.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$58,430$28.1
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$84,765$40.8
ManagerOversees team, compliance, and project delivery.50% (Median)$78,170$37.6
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$141,275$67.9
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$187,490$90.1

Detailed Personal Financial Advisors Market Analysis

Relocation Context

Nominal Salary

$113,020

Gross Pay

Real Wage (Purchasing Power)

$113,020

Adjusted for COL (100)

In Norwich-New London-Willimantic, CT, the Cost of Living Index is 100. This increases your effective purchasing power from $113,020 to $113,020.

Job Market Context

100

Total Jobs

0.81

Per 1K Jobs

0.46

Location Quotient

Low Concentration

At 0.46x, Norwich-New London-Willimantic, CT has a notably lower concentration of Personal Financial Advisors jobs than the national average. Opportunities in this area are relatively scarce for this profession.

100 people work as Personal Financial Advisors in Norwich-New London-Willimantic, CT.

Only 0.81 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

CitySalaryDist.
Hartford-West Hartford-East Hartford, CT Personal Financial Advisors Salary$124,440↑ 10%34 mi
Connecticut nonmetropolitan area Personal Financial Advisors Salary$114,670↑ 1%35 mi
Providence-Warwick, RI-MA Personal Financial Advisors Salary$120,750↑ 7%39 mi
Springfield, MA Personal Financial Advisors Salary$160,510↑ 42%45 mi
New Haven, CT Personal Financial Advisors Salary$149,470↑ 32%46 mi

Comparing salaries near Norwich-New London-Willimantic, CT

Hiring Personal Financial Advisorss?

Frequently Asked Questions

How much does a Personal Financial Advisors make in Norwich-New London-Willimantic, CT?

The median annual salary for a Personal Financial Advisors in Norwich-New London-Willimantic, CT is $113,020. This typically ranges from $58,430 for entry-level positions to $187,490 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Norwich-New London-Willimantic, CT is 29.5% lower than the national median of $160,360.

Is Norwich-New London-Willimantic, CT a good place for Personal Financial Advisorss?

It depends on your priorities. While the average Personal Financial Advisors salary in Norwich-New London-Willimantic, CT is $113,020 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Norwich-New London-Willimantic, CT. See distinct detailed breakdown below.

Is Norwich-New London-Willimantic, CT a good place to live for Personal Financial Advisors?

The Cost of Living Index in Norwich-New London-Willimantic, CT is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Norwich-New London-Willimantic, CT?

Some top paying nearby cities include Hartford-West Hartford-East Hartford, CT ($124,440) and Connecticut nonmetropolitan area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 100 employees in the Norwich-New London-Willimantic, CT area with a job density of 0.81 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in Norwich-New London-Willimantic, CT

Semantic Salary Analysis for Personal Financial Advisors • Data source: BLS OEWS 2024 •Jobs in Norwich-New London-Willimantic, CT