Average Personal Financial Advisors Salary in Santa Maria-Santa Barbara, CA
Personal Financial Advisors in the Santa Maria-Santa Barbara, CA area earn an impressive average annual salary of $163,280. This figure slightly surpasses the national average of $160,360, indicating a robust demand and potentially higher value placed on financial expertise within this specific region. Local economic factors and the concentration of wealth likely contribute to this favorable compensation.
Executive Summary
- Average Salary: $163,280 per year.
- Growth Trend: Salaries have shifted 1.4% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $244,920.
- Outlook: With a local workforce of 320 Personal Financial Advisors and a Location Quotient of 0.91, the job market in Santa Maria-Santa Barbara presents a stable, albeit slightly below national average, concentration of these professionals. The presence of 1.592 jobs per 1,000 workers suggests a consistent, ongoing need for financial advisory services, indicating a healthy demand that supports the current employment landscape.
Salary Overview
The average Personal Financial Advisors in Santa Maria-Santa Barbara, CA earns+1.8%above the national average.
$78.5
$3,140
$13,607
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Personal Financial Advisors in Santa Maria-Santa Barbara 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 drive upward salary adjustments for experienced professionals in this field.
Personal Financial Advisors Salary Distribution in Santa Maria-Santa Barbara, CA
Career progression for Personal Financial Advisors in Santa Maria-Santa Barbara significantly impacts earning potential. Entry-level positions may start closer to the lower percentiles, while seasoned advisors with extensive experience and a proven track record can command salaries well into the upper percentiles. The widening gap between entry-level and senior roles signifies substantial opportunities for salary growth through skill development and client acquisition.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $64,140 | $30.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $122,460 | $58.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $128,370 | $61.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $204,100 | $98.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $244,920 | $117.8 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$163,280
Gross Pay
Real Wage (Purchasing Power)
$163,280
Adjusted for COL (100)
The average annual salary of $163,280 in Santa Maria-Santa Barbara aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Personal Financial Advisor's salary in this region is equivalent to the national average, offering a balanced lifestyle without the added financial strain of a significantly higher cost of living.
Job Market Context
320
Total Jobs
1.592
Per 1K Jobs
0.91
Location Quotient
Santa Maria-Santa Barbara, CA has 0.91x 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 0.91 suggests that Personal Financial Advisors are slightly less concentrated in Santa Maria-Santa Barbara compared to the national average. This indicates a competitive market where professionals may find a good balance between job availability and the number of practitioners, potentially leading to strong opportunities for those with specialized skills or a robust client base.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| San Luis Obispo-Paso Robles, CA Personal Financial Advisors Salary | $123,880↓ 24% | 26 mi |
| Bakersfield-Delano, CA Personal Financial Advisors Salary | $131,380↓ 20% | 85 mi |
| Oxnard-Thousand Oaks-Ventura, CA Personal Financial Advisors Salary | $157,150↓ 4% | 88 mi |
| North Coast Region of California nonmetropolitan area Personal Financial Advisors Salary | $153,360↓ 6% | 92 mi |
| North Valley-Northern Mountains Region of California nonmetropolitan area Personal Financial Advisors Salary | $157,300↓ 4% | 92 mi |
Comparing salaries near Santa Maria-Santa Barbara, CA
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Santa Maria-Santa Barbara, CA?
The median annual salary for a Personal Financial Advisors in Santa Maria-Santa Barbara, CA is $163,280. This typically ranges from $64,140 for entry-level positions to $244,920 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Santa Maria-Santa Barbara, CA is 1.8% higher than the national median of $160,360.
Is Santa Maria-Santa Barbara, CA a lucrative place for Personal Financial Advisors?
Yes, it is a lucrative location for Personal Financial Advisors.The average salary of $163,280 is higher than the national average, and the cost of living is on par with the national average, offering excellent earning potential and purchasing power.
Is Santa Maria-Santa Barbara, CA a good place to live for Personal Financial Advisors?
The Cost of Living Index in Santa Maria-Santa Barbara, CA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Santa Maria-Santa Barbara, CA?
Some top paying nearby cities include San Luis Obispo-Paso Robles, CA ($123,880) and Bakersfield-Delano, CA.
How does the salary compare to the national average?
Personal Financial Advisors in Santa Maria-Santa Barbara earn an average of $163,280 annually, which is slightly above the national average of $160,360.
What is the cost of living in Santa Maria-Santa Barbara, CA?
The Cost of Living Index in Santa Maria-Santa Barbara is 100, which is exactly the national average, meaning expenses are comparable to the rest of the country.
How concentrated is the job market for Personal Financial Advisors in this area?
The Location Quotient of 0.91 indicates that the concentration of Personal Financial Advisors is slightly below the national average, suggesting a moderately competitive market.
What is the total number of Personal Financial Advisors in Santa Maria-Santa Barbara?
There are approximately 320 Personal Financial Advisors employed in the Santa Maria-Santa Barbara, CA area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 320 employees in the Santa Maria-Santa Barbara, CA area with a job density of 1.592 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 Santa Maria-Santa Barbara, CA