Average Personal Financial Advisors Salary in San Diego-Chula Vista-Carlsbad, CA
Personal Financial Advisors in the San Diego-Chula Vista-Carlsbad, CA area earn an impressive average annual salary of $176,140. This figure significantly surpasses the national average of $160,360, indicating a strong demand and potentially higher value placed on financial advisory services within this specific metropolitan region. Local economic factors and a robust financial services sector likely contribute to this elevated compensation.
Executive Summary
- Average Salary: $176,140 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $264,210.
- Outlook: With a local workforce of 2,810 Personal Financial Advisors, the San Diego-Chula Vista-Carlsbad, CA market demonstrates a substantial presence in this field. The Location Quotient of 1.04 suggests that this profession is slightly more concentrated here than the national average, implying a healthy and potentially growing demand for these specialized skills within the local economy.
Salary Overview
The average Personal Financial Advisors in San Diego-Chula Vista-Carlsbad, CA earns+9.8%above the national average.
$84.7
$3,387
$14,678
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Personal Financial Advisors in San Diego-Chula Vista-Carlsbad, CA have experienced growth over the past four years, mirroring national trends. Factors such as increasing demand for financial planning, evolving market conditions, and inflation typically drive upward salary adjustments in professional services.
Personal Financial Advisors Salary Distribution in San Diego-Chula Vista-Carlsbad, CA
Career progression for Personal Financial Advisors in San Diego-Chula Vista-Carlsbad, CA is typically marked by increasing earning potential. Entry-level positions will command lower salaries, while seasoned professionals with extensive experience and a proven track record can expect to earn significantly more, often reaching into the higher percentiles of the salary range. The gap between entry-level and senior roles reflects the accumulation of expertise, client portfolios, and specialized knowledge.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $65,400 | $31.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $132,105 | $63.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $128,400 | $61.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $220,175 | $105.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $264,210 | $127 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$176,140
Gross Pay
Real Wage (Purchasing Power)
$176,140
Adjusted for COL (100)
The average annual salary of $176,140 in San Diego-Chula Vista-Carlsbad, CA is particularly attractive when viewed against the local Cost of Living Index of 100, which is precisely the national average. This means that the higher nominal income translates directly into strong purchasing power, allowing Personal Financial Advisors to enjoy a lifestyle comparable to the national standard without the financial strain often associated with higher cost-of-living areas.
Job Market Context
2,810
Total Jobs
1.832
Per 1K Jobs
1.04
Location Quotient
With a location quotient of 1.04, San Diego-Chula Vista-Carlsbad, CA has a slightly higher-than-average concentration of Personal Financial Advisors roles compared to the national norm.
The Location Quotient of 1.04 for Personal Financial Advisors in San Diego-Chula Vista-Carlsbad, CA indicates a market that is slightly more concentrated than the national average. This suggests a competitive landscape where employers may need to offer attractive compensation packages to secure top talent, while also signifying a robust demand for these services within the region, making it a favorable environment for professionals in this field.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Riverside-San Bernardino-Ontario, CA Personal Financial Advisors Salary | $137,460↓ 22% | 79 mi |
Comparing salaries near San Diego-Chula Vista-Carlsbad, CA
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in San Diego-Chula Vista-Carlsbad, CA?
The median annual salary for a Personal Financial Advisors in San Diego-Chula Vista-Carlsbad, CA is $176,140. This typically ranges from $65,400 for entry-level positions to $264,210 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in San Diego-Chula Vista-Carlsbad, CA is 9.8% higher than the national median of $160,360.
Is San Diego-Chula Vista-Carlsbad, CA a lucrative place for Personal Financial Advisorss?
Yes, it is a highly lucrative location for Personal Financial Advisors.The average salary of $176,140 significantly exceeds the national average, and the cost of living is on par with the national average, offering excellent earning potential and purchasing power.
Is San Diego-Chula Vista-Carlsbad, CA a good place to live for Personal Financial Advisors?
The Cost of Living Index in San Diego-Chula Vista-Carlsbad, CA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near San Diego-Chula Vista-Carlsbad, CA?
Some top paying nearby cities include Riverside-San Bernardino-Ontario, CA ($137,460) and others.
How does the San Diego Personal Financial Advisor salary compare to the national average?
Personal Financial Advisors in San Diego-Chula Vista-Carlsbad, CA earn an average of $176,140 annually, which is $15,780 more than the national average of $160,360.
What is the job concentration for Personal Financial Advisors in San Diego?
The Location Quotient of 1.04 indicates that Personal Financial Advisors are slightly more concentrated in San Diego-Chula Vista-Carlsbad, CA compared to the national average, suggesting a healthy presence and demand for the role.
How does the cost of living affect the San Diego Personal Financial Advisor salary?
With a Cost of Living Index of 100, the San Diego-Chula Vista-Carlsbad, CA area matches the national average. This means the higher average salary of $176,140 offers strong real purchasing power for advisors in the region.
What is the total number of Personal Financial Advisors in the San Diego area?
There are approximately 2,810 Personal Financial Advisors employed in the San Diego-Chula Vista-Carlsbad, CA metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,810 employees in the San Diego-Chula Vista-Carlsbad, CA area with a job density of 1.832 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 San Diego-Chula Vista-Carlsbad, CA