Average Personal Financial Advisors Salary in Rockford, IL
The average salary for Personal Financial Advisorss in Rockford, IL is $106,030. While this is lower than the national average, the cost of living in Rockford, IL may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $106,030 per year.
- Growth Trend: Salaries have shifted 7.1% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $176,510.
- Outlook: The current demand for Personal Financial Advisorss is stable, with a local workforce of approximately 140 professionals. This role remains a specialized component of the broader Rockford, IL economy.
Salary Overview
The average Personal Financial Advisors in Rockford, IL earns-33.9%below the national average.
$51
$2,039
$8,836
Personal Financial Advisors Salary Trends (2020-2024)
Over the past 4 years, Personal Financial Advisors salaries in Rockford, IL have seen a slight adjustment of -7.1%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Personal Financial Advisors Salary Distribution in Rockford, IL
The earning potential for Personal Financial Advisorss in Rockford, IL varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 2.8x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $63,860, while highly experienced professionals can command wages upwards of $176,510.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $63,860 | $30.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $79,523 | $38.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $86,100 | $41.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $132,538 | $63.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $176,510 | $84.9 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$106,030
Gross Pay
Real Wage (Purchasing Power)
$106,030
Adjusted for COL (100)
In Rockford, IL, the Cost of Living Index is 100. This increases your effective purchasing power from $106,030 to $106,030.
Job Market Context
140
Total Jobs
1.008
Per 1K Jobs
0.57
Location Quotient
Rockford, IL has 0.57x 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.
140 people work as Personal Financial Advisors in Rockford, IL.
1.008 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. |
|---|---|---|
| Janesville-Beloit, WI Personal Financial Advisors Salary | $143,720↑ 36% | 30 mi |
| Madison, WI Personal Financial Advisors Salary | $183,860↑ 73% | 59 mi |
| Kenosha, WI Personal Financial Advisors Salary | $135,960↑ 28% | 65 mi |
| Racine-Mount Pleasant, WI Personal Financial Advisors Salary | $148,950↑ 40% | 71 mi |
| Chicago-Naperville-Elgin, IL-IN Personal Financial Advisors Salary | $162,700↑ 53% | 78 mi |
Comparing salaries near Rockford, IL
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Rockford, IL?
The median annual salary for a Personal Financial Advisors in Rockford, IL is $106,030. This typically ranges from $63,860 for entry-level positions to $176,510 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Rockford, IL is 33.9% lower than the national median of $160,360.
Is Rockford, IL a good place for Personal Financial Advisorss?
It depends on your priorities. While the average Personal Financial Advisors salary in Rockford, IL is $106,030 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Rockford, IL. See distinct detailed breakdown below.
Is Rockford, IL a good place to live for Personal Financial Advisors?
The Cost of Living Index in Rockford, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Rockford, IL?
Some top paying nearby cities include Janesville-Beloit, WI ($143,720) and Madison, WI.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 140 employees in the Rockford, IL area with a job density of 1.008 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 Rockford, IL
- All Occupations Salary in Rockford, IL
- Production Occupations Salary in Rockford, IL
- Transportation and Material Moving Occupations Salary in Rockford, IL
- Office and Administrative Support Occupations Salary in Rockford, IL
- Food Preparation and Serving Related Occupations Salary in Rockford, IL
- Sales and Related Occupations Salary in Rockford, IL
- Healthcare Practitioners and Technical Occupations Salary in Rockford, IL
- Management Occupations Salary in Rockford, IL
- Educational Instruction and Library Occupations Salary in Rockford, IL
- Healthcare Support Occupations Salary in Rockford, IL
- Browse All Jobs in Rockford, IL →
Semantic Salary Analysis for Personal Financial Advisors • Data source: BLS OEWS 2024 •Jobs in Rockford, IL