Average Personal Financial Advisors Salary in Reading, PA
Personal Financial Advisors in Reading, PA, command an impressive average annual salary of $180,480, significantly exceeding the national average of $160,360. This elevated compensation is likely influenced by a specialized local demand and the specific economic landscape of the region, which supports higher remuneration for financial expertise.
Executive Summary
- Average Salary: $180,480 per year.
- Growth Trend: Salaries have shifted 93.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $270,720.
- Outlook: With a local workforce of 230 Personal Financial Advisors and a Location Quotient of 0.76, Reading, PA, presents a moderately concentrated but stable job market. While not exceeding the national concentration, the presence of a dedicated workforce suggests consistent demand for these specialized financial services within the community.
Salary Overview
The average Personal Financial Advisors in Reading, PA earns+12.5%above the national average.
$86.8
$3,471
$15,040
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Personal Financial Advisor salaries in Reading, PA, have experienced steady growth over the past four years, mirroring national trends. Factors such as increasing demand for financial planning, evolving market conditions, and inflation typically contribute to an upward trajectory in compensation for experienced professionals.
Personal Financial Advisors Salary Distribution in Reading, PA
The salary spectrum for Personal Financial Advisors in Reading, PA, naturally widens with experience. Entry-level positions typically fall within the lower percentiles, while seasoned professionals with extensive client portfolios and proven track records command salaries in the upper percentiles. This progression signifies substantial career growth and earning potential as advisors build their expertise and client base.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $42,540 | $20.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $135,360 | $65.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $100,770 | $48.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $225,600 | $108.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $270,720 | $130.2 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$180,480
Gross Pay
Real Wage (Purchasing Power)
$180,480
Adjusted for COL (100)
The average annual salary of $180,480 in Reading, PA, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Personal Financial Advisor's income in Reading is equivalent to the national average, offering a stable financial footing without the premium often associated with higher cost-of-living areas.
Job Market Context
230
Total Jobs
1.341
Per 1K Jobs
0.76
Location Quotient
Reading, PA 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 indicates that Personal Financial Advisors are slightly less concentrated in Reading, PA, compared to the national average. This suggests that while the profession is established, there may be opportunities for growth and less intense competition than in more saturated markets, potentially benefiting those seeking to enter or advance in the field locally.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Lancaster, PA Personal Financial Advisors Salary | $152,370↓ 16% | 29 mi |
| Allentown-Bethlehem-Easton, PA-NJ Personal Financial Advisors Salary | $161,700↓ 10% | 30 mi |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Personal Financial Advisors Salary | $169,770↓ 6% | 48 mi |
| York-Hanover, PA Personal Financial Advisors Salary | $163,950↓ 9% | 50 mi |
Comparing salaries near Reading, PA
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Reading, PA?
The median annual salary for a Personal Financial Advisors in Reading, PA is $180,480. This typically ranges from $42,540 for entry-level positions to $270,720 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Reading, PA is 12.5% higher than the national median of $160,360.
Is Reading, PA a lucrative place for Personal Financial Advisors?
Yes, Reading, PA offers lucrative opportunities for Personal Financial Advisors.The average salary of $180,480 significantly surpasses the national average, and the cost of living is on par with the national index, indicating strong earning potential.
Is Reading, PA a good place to live for Personal Financial Advisors?
The Cost of Living Index in Reading, PA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Reading, PA?
Some top paying nearby cities include Lancaster, PA ($152,370) and Allentown-Bethlehem-Easton, PA-NJ.
How does the Reading, PA Personal Financial Advisor salary compare to the national average?
Personal Financial Advisors in Reading, PA, earn an average of $180,480 annually, which is notably higher than the national average of $160,360.
What is the cost of living in Reading, PA for Personal Financial Advisors?
The cost of living in Reading, PA, is exactly at the national average, with an index of 100, meaning your salary's purchasing power is comparable to the national standard.
How concentrated is the Personal Financial Advisor job market in Reading, PA?
The job market has a Location Quotient of 0.76, indicating it is slightly less concentrated than the national average, suggesting a balanced level of competition and opportunity.
What is the total number of Personal Financial Advisors in Reading, PA?
There are approximately 230 Personal Financial Advisors employed in the Reading, PA area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Reading, PA area with a job density of 1.341 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Personal Financial Advisors Salaries by State
Top Jobs in Reading, PA
- All Occupations Salary in Reading, PA
- Transportation and Material Moving Occupations Salary in Reading, PA
- Production Occupations Salary in Reading, PA
- Office and Administrative Support Occupations Salary in Reading, PA
- Food Preparation and Serving Related Occupations Salary in Reading, PA
- Sales and Related Occupations Salary in Reading, PA
- Management Occupations Salary in Reading, PA
- Healthcare Practitioners and Technical Occupations Salary in Reading, PA
- Healthcare Support Occupations Salary in Reading, PA
- Educational Instruction and Library Occupations Salary in Reading, PA
- Browse All Jobs in Reading, PA →
Semantic Salary Analysis for Personal Financial Advisors • Data source: BLS OEWS 2024 •Jobs in Reading, PA