Average Personal Financial Advisors Salary in Paducah, KY-IL
The average salary for Personal Financial Advisorss in Paducah, KY-IL is $96,000. While this is lower than the national average, the cost of living in Paducah, KY-IL may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $96,000 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $151,340.
- Outlook: The current demand for Personal Financial Advisorss is stable, with a local workforce of approximately 30 professionals. This role remains a specialized component of the broader Paducah, KY-IL economy.
Salary Overview
The average Personal Financial Advisors in Paducah, KY-IL earns-40.1%below the national average.
$46.2
$1,846
$8,000
Personal Financial Advisors Salary Trends (2020-2024)
Historical trend data for Personal Financial Advisors in Paducah, KY-IL is limited, but current market signals indicate a stable demand environment.
Personal Financial Advisors Salary Distribution in Paducah, KY-IL
The earning potential for Personal Financial Advisorss in Paducah, KY-IL varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 4.4x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $34,460, while highly experienced professionals can command wages upwards of $151,340.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,460 | $16.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $72,000 | $34.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $67,800 | $32.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $120,000 | $57.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $151,340 | $72.8 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$96,000
Gross Pay
Real Wage (Purchasing Power)
$96,000
Adjusted for COL (100)
In Paducah, KY-IL, the Cost of Living Index is 100. This increases your effective purchasing power from $96,000 to $96,000.
Job Market Context
30
Total Jobs
0.65
Per 1K Jobs
0.37
Location Quotient
At 0.37x, Paducah, KY-IL has a notably lower concentration of Personal Financial Advisors jobs than the national average. Opportunities in this area are relatively scarce for this profession.
30 people work as Personal Financial Advisors in Paducah, KY-IL.
Only 0.65 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. |
|---|---|---|
| Cape Girardeau, MO-IL Personal Financial Advisors Salary | $113,360↑ 18% | 53 mi |
| Clarksville, TN-KY Personal Financial Advisors Salary | $107,050↑ 12% | 80 mi |
| Evansville, IN Personal Financial Advisors Salary | $133,020↑ 39% | 88 mi |
| Jackson, TN Personal Financial Advisors Salary | $97,960↑ 2% | 99 mi |
Comparing salaries near Paducah, KY-IL
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Paducah, KY-IL?
The median annual salary for a Personal Financial Advisors in Paducah, KY-IL is $96,000. This typically ranges from $34,460 for entry-level positions to $151,340 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Paducah, KY-IL is 40.1% lower than the national median of $160,360.
Is Paducah, KY-IL a good place for Personal Financial Advisorss?
It depends on your priorities. While the average Personal Financial Advisors salary in Paducah, KY-IL is $96,000 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Paducah, KY-IL. See distinct detailed breakdown below.
Is Paducah, KY-IL a good place to live for Personal Financial Advisors?
The Cost of Living Index in Paducah, KY-IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Paducah, KY-IL?
Some top paying nearby cities include Cape Girardeau, MO-IL ($113,360) and Clarksville, TN-KY.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 30 employees in the Paducah, KY-IL area with a job density of 0.65 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 Paducah, KY-IL