Average Personal Financial Advisors Salary in Roanoke, VA
The average salary for Personal Financial Advisorss in Roanoke, VA is $133,750. While this is lower than the national average, the cost of living in Roanoke, VA may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $133,750 per year.
- Growth Trend: Salaries have shifted 10.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $200,625.
- Outlook: The current demand for Personal Financial Advisorss is stable, with a local workforce of approximately 180 professionals. This role remains a specialized component of the broader Roanoke, VA economy.
Salary Overview
The average Personal Financial Advisors in Roanoke, VA earns-16.6%below the national average.
$64.3
$2,572
$11,146
Personal Financial Advisors Salary Trends (2020-2024)
Over the past 4 years, Personal Financial Advisors salaries in Roanoke, VA have shown healthy growth of 10.5%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Personal Financial Advisors Salary Distribution in Roanoke, VA
The earning potential for Personal Financial Advisorss in Roanoke, VA varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 4.0x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $49,590, while highly experienced professionals can command wages upwards of $200,625.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,590 | $23.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $100,313 | $48.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $99,990 | $48.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $167,188 | $80.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $200,625 | $96.5 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$133,750
Gross Pay
Real Wage (Purchasing Power)
$133,750
Adjusted for COL (100)
In Roanoke, VA, the Cost of Living Index is 100. This increases your effective purchasing power from $133,750 to $133,750.
Job Market Context
180
Total Jobs
1.188
Per 1K Jobs
0.68
Location Quotient
Roanoke, VA has 0.68x 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.
180 people work as Personal Financial Advisors in Roanoke, VA.
1.188 out of every 1,000 local jobs are Personal Financial Advisors positions — a typical concentration.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Blacksburg-Christiansburg-Radford, VA Personal Financial Advisors Salary | $100,780↓ 25% | 26 mi |
| Lynchburg, VA Personal Financial Advisors Salary | $143,100↑ 7% | 43 mi |
| Staunton-Stuarts Draft, VA Personal Financial Advisors Salary | $117,600↓ 12% | 78 mi |
| Greensboro-High Point, NC Personal Financial Advisors Salary | $163,350↑ 22% | 82 mi |
Comparing salaries near Roanoke, VA
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Roanoke, VA?
The median annual salary for a Personal Financial Advisors in Roanoke, VA is $133,750. This typically ranges from $49,590 for entry-level positions to $200,625 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Roanoke, VA is 16.6% lower than the national median of $160,360.
Is Roanoke, VA a good place for Personal Financial Advisorss?
It depends on your priorities. While the average Personal Financial Advisors salary in Roanoke, VA is $133,750 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Roanoke, VA. See distinct detailed breakdown below.
Is Roanoke, VA a good place to live for Personal Financial Advisors?
The Cost of Living Index in Roanoke, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Roanoke, VA?
Some top paying nearby cities include Blacksburg-Christiansburg-Radford, VA ($100,780) and Lynchburg, VA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 180 employees in the Roanoke, VA area with a job density of 1.188 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 Roanoke, VA