Average Personal Financial Advisors Salary in Oklahoma City, OK
Personal Financial Advisors in Oklahoma City, OK, earn an average annual salary of $122,520. 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 the state.
Executive Summary
- Average Salary: $122,520 per year.
- Growth Trend: Salaries have shifted 68.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $183,780.
- Outlook: With a local workforce of 690 Personal Financial Advisors, Oklahoma City presents a moderate employment landscape for this profession. The Location Quotient of 0.59 indicates that the concentration of these roles is below the national average, suggesting that while opportunities exist, the market is not saturated, offering a stable environment for dedicated professionals.
Salary Overview
The average Personal Financial Advisors in Oklahoma City, OK earns-23.6%below the national average.
$58.9
$2,356
$10,210
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data for Oklahoma City is not provided, it is generally observed that the financial advisory sector experiences consistent growth, driven by increasing demand for financial planning services. It's reasonable to assume that salaries for Personal Financial Advisors in Oklahoma City have seen a steady upward trend over the past four years, mirroring national patterns of increased compensation for skilled professionals.
Personal Financial Advisors Salary Distribution in Oklahoma City, OK
The career trajectory for Personal Financial Advisors in Oklahoma City shows significant earning potential as experience grows. Entry-level positions typically start at the lower end of the salary spectrum, while seasoned professionals with extensive client portfolios and proven track records can command salaries well above the average. The percentile gaps in earnings clearly signify the rewards of career progression and specialization within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $23,990 | $11.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $91,890 | $44.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $92,340 | $44.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $153,150 | $73.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $183,780 | $88.4 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$122,520
Gross Pay
Real Wage (Purchasing Power)
$122,520
Adjusted for COL (100)
The average annual salary of $122,520 in Oklahoma City aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Personal Financial Advisor's income in Oklahoma City is equivalent to the national average, making it a financially stable location for professionals in this field.
Job Market Context
690
Total Jobs
1.036
Per 1K Jobs
0.59
Location Quotient
Oklahoma City, OK has 0.59x the national average concentration of Personal Financial Advisors jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The Location Quotient of 0.59 for Personal Financial Advisors in Oklahoma City signifies that the profession is less concentrated than the national average. This suggests a potentially less competitive market with opportunities for growth, as the demand for these services may be outpacing the local supply of advisors compared to the rest of the country.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Southeast Oklahoma nonmetropolitan area Personal Financial Advisors Salary | $108,190↓ 12% | 34 mi |
| Northeast Oklahoma nonmetropolitan area Personal Financial Advisors Salary | $135,720↑ 11% | 34 mi |
| Northwest Oklahoma nonmetropolitan area Personal Financial Advisors Salary | $100,070↓ 18% | 34 mi |
Comparing salaries near Oklahoma City, OK
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Oklahoma City, OK?
The median annual salary for a Personal Financial Advisors in Oklahoma City, OK is $122,520. This typically ranges from $23,990 for entry-level positions to $183,780 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Oklahoma City, OK is 23.6% lower than the national median of $160,360.
Is Oklahoma City, OK a lucrative place for Personal Financial Advisors?
No, not compared to the national average.While the average salary of $122,520 is substantial, it falls significantly short of the national average of $160,360. However, the cost of living being at the national average neutralizes some of this disparity.
Is Oklahoma City, OK a good place to live for Personal Financial Advisors?
The Cost of Living Index in Oklahoma City, OK is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Oklahoma City, OK?
Some top paying nearby cities include Southeast Oklahoma nonmetropolitan area ($108,190) and Northeast Oklahoma nonmetropolitan area.
What is the average salary for a Personal Financial Advisor in Oklahoma City, OK?
The average annual salary for a Personal Financial Advisor in Oklahoma City, OK is $122,520.
How does the Oklahoma City salary compare to the national average?
The average salary in Oklahoma City ($122,520) is lower than the national average ($160,360) for Personal Financial Advisors.
What is the concentration of Personal Financial Advisors in Oklahoma City?
The concentration, measured by the Location Quotient, is 0.59, which is below the national average of 1.0.
How does the cost of living in Oklahoma City affect the salary?
Oklahoma City has a Cost of Living Index of 100, which is the national average. This means the $122,520 salary has the same purchasing power as the national average salary.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 690 employees in the Oklahoma City, OK area with a job density of 1.036 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 Oklahoma City, OK