Average Personal Financial Advisors Salary in Pensacola-Ferry Pass-Brent, FL
Personal Financial Advisors in Pensacola-Ferry Pass-Brent, FL, earn an average annual salary of $123,500. This figure is notably below the national average of $160,360, reflecting localized market dynamics and potentially a different demand-supply equilibrium within the region. Factors such as the local economic landscape and the concentration of financial services firms contribute to this pay differential.
Executive Summary
- Average Salary: $123,500 per year.
- Growth Trend: Salaries have shifted 117.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $185,250.
- Outlook: The Pensacola-Ferry Pass-Brent, FL area supports a local workforce of 250 Personal Financial Advisors. With a Location Quotient of 0.76, the concentration of these professionals is slightly below the national average, suggesting a stable but not exceptionally high demand relative to other occupations. The presence of 1.327 jobs per 1,000 workers indicates a consistent, albeit moderate, job market for this role.
Salary Overview
The average Personal Financial Advisors in Pensacola-Ferry Pass-Brent, FL earns-23.0%below the national average.
$59.4
$2,375
$10,292
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Personal Financial Advisors across the nation, including in regions like Pensacola-Ferry Pass-Brent, FL, have experienced a steady upward trend over the past four years. This growth is typically driven by inflation, increasing demand for financial planning services, and the evolving complexity of financial markets, leading to incremental salary increases for experienced professionals.
Personal Financial Advisors Salary Distribution in Pensacola-Ferry Pass-Brent, FL
Career progression for Personal Financial Advisors in Pensacola-Ferry Pass-Brent, FL, significantly impacts earning potential. Entry-level positions typically start at a lower percentile of the salary range, while seasoned advisors with extensive experience and a proven track record can command salaries in the higher percentiles. The widening gap between entry-level and senior compensation signifies substantial opportunities for career advancement and increased earnings as expertise and client portfolios grow.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $42,950 | $20.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $92,625 | $44.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $74,510 | $35.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $154,375 | $74.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $185,250 | $89.1 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$123,500
Gross Pay
Real Wage (Purchasing Power)
$123,500
Adjusted for COL (100)
The average annual salary of $123,500 for Personal Financial Advisors in Pensacola-Ferry Pass-Brent, FL, aligns precisely with the national average cost of living, indicated by an index of 100. This means that the purchasing power of the local salary is equivalent to the national average, suggesting that the nominal salary offers a standard lifestyle relative to national benchmarks. While not affording a higher-than-average lifestyle, it provides a stable financial footing.
Job Market Context
250
Total Jobs
1.327
Per 1K Jobs
0.76
Location Quotient
Pensacola-Ferry Pass-Brent, FL has 0.76x 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.
A Location Quotient of 0.76 for Personal Financial Advisors in Pensacola-Ferry Pass-Brent, FL, indicates that this profession is slightly less concentrated in the area compared to the national average. This suggests that the job market is neither oversaturated nor experiencing exceptionally high demand relative to other occupations. It implies a balanced environment where opportunities exist, but competition may be less intense than in highly concentrated metropolitan areas.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Crestview-Fort Walton Beach-Destin, FL Personal Financial Advisors Salary | $136,630↑ 11% | 42 mi |
| Daphne-Fairhope-Foley, AL Personal Financial Advisors Salary | $139,470↑ 13% | 43 mi |
| Mobile, AL Personal Financial Advisors Salary | $131,500↑ 6% | 57 mi |
| Panama City-Panama City Beach, FL Personal Financial Advisors Salary | $143,400↑ 16% | 96 mi |
Comparing salaries near Pensacola-Ferry Pass-Brent, FL
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Pensacola-Ferry Pass-Brent, FL?
The median annual salary for a Personal Financial Advisors in Pensacola-Ferry Pass-Brent, FL is $123,500. This typically ranges from $42,950 for entry-level positions to $185,250 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Pensacola-Ferry Pass-Brent, FL is 23.0% lower than the national median of $160,360.
Is Pensacola-Ferry Pass-Brent, FL a lucrative place for Personal Financial Advisors?
No, not exceptionally lucrative compared to the national average.The average salary of $123,500 is below the national average of $160,360, although the cost of living is at the national average. This suggests that while the salary is standard, it does not offer a premium earning potential compared to other regions.
Is Pensacola-Ferry Pass-Brent, FL a good place to live for Personal Financial Advisors?
The Cost of Living Index in Pensacola-Ferry Pass-Brent, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Pensacola-Ferry Pass-Brent, FL?
Some top paying nearby cities include Crestview-Fort Walton Beach-Destin, FL ($136,630) and Daphne-Fairhope-Foley, AL.
How does the Pensacola-Ferry Pass-Brent, FL salary compare to the national average?
The average salary for Personal Financial Advisors in Pensacola-Ferry Pass-Brent, FL, is $123,500, which is approximately 23% lower than the national average of $160,360.
What is the cost of living in Pensacola-Ferry Pass-Brent, FL?
The cost of living index in Pensacola-Ferry Pass-Brent, FL, is 100, which is exactly the national average. This means that the general cost of goods and services is comparable to the rest of the United States.
How many Personal Financial Advisors are there in Pensacola-Ferry Pass-Brent, FL?
There are approximately 250 Personal Financial Advisors employed in the Pensacola-Ferry Pass-Brent, FL area, representing 1.327 jobs per 1,000 workers.
Is the job market for Personal Financial Advisors competitive in Pensacola-Ferry Pass-Brent, FL?
With a Location Quotient of 0.76, the market is slightly less concentrated than the national average, suggesting a moderate level of competition and a stable demand for qualified professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 250 employees in the Pensacola-Ferry Pass-Brent, FL area with a job density of 1.327 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 Pensacola-Ferry Pass-Brent, FL