Average Personal Financial Advisors Salary in Savannah, GA
Personal Financial Advisors in Savannah, GA, earn an average annual salary of $148,780. This figure is slightly below the national average of $160,360, indicating a localized compensation structure influenced by regional economic factors and demand within the Savannah market. While not reaching the national benchmark, this salary reflects the specialized skills and responsibilities inherent in financial advisory roles within this specific geographic area.
Executive Summary
- Average Salary: $148,780 per year.
- Growth Trend: Salaries have shifted 20.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $223,170.
- Outlook: The job market for Personal Financial Advisors in Savannah, GA, is characterized by a modest local workforce of 210 professionals. With a Location Quotient of 0.62, the concentration of these roles is below the national average, suggesting a less saturated market compared to other regions. The presence of 1.082 jobs per 1,000 workers indicates a steady, albeit not exceptionally high, demand for financial advisory services within the Savannah metropolitan area.
Salary Overview
The average Personal Financial Advisors in Savannah, GA earns-7.2%below the national average.
$71.5
$2,861
$12,398
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data for Savannah is not provided, it is reasonable to assume that salaries for Personal Financial Advisors have experienced growth over the past four years, mirroring national trends. Economic shifts, evolving client needs for financial planning, and inflation typically drive an upward trajectory in compensation for skilled professionals in this sector.
Personal Financial Advisors Salary Distribution in Savannah, GA
The salary range for Personal Financial Advisors in Savannah, GA, naturally scales with experience. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with extensive client bases and proven track records can expect to earn significantly more, often reaching the higher percentiles. The gap between entry-level and senior roles highlights the substantial career progression and earning potential available within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,090 | $20.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $111,585 | $53.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $91,440 | $44 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $185,975 | $89.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $223,170 | $107.3 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$148,780
Gross Pay
Real Wage (Purchasing Power)
$148,780
Adjusted for COL (100)
A nominal salary of $148,780 in Savannah, GA, is positioned directly against a Cost of Living Index of 100, which represents the national average. This means that the purchasing power of a Personal Financial Advisor's salary in Savannah is equivalent to the national average. Therefore, the compensation is neither significantly enhanced nor diminished by the local cost of living, offering a standard lifestyle relative to national benchmarks.
Job Market Context
210
Total Jobs
1.082
Per 1K Jobs
0.62
Location Quotient
Savannah, GA has 0.62x 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.
The Location Quotient of 0.62 for Personal Financial Advisors in Savannah, GA, signifies that the concentration of these professionals is lower than the national average. This suggests that the job market is not overly saturated, potentially offering opportunities for skilled advisors. While demand exists, as indicated by the jobs per 1,000 workers metric, the lower concentration implies a competitive landscape where establishing a strong client base and demonstrating expertise will be key for success.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Hilton Head Island-Bluffton-Port Royal, SC Personal Financial Advisors Salary | $123,120↓ 17% | 28 mi |
| Brunswick-St. Simons, GA Personal Financial Advisors Salary | $135,220↓ 9% | 63 mi |
| Charleston-North Charleston, SC Personal Financial Advisors Salary | $139,840↓ 6% | 89 mi |
Comparing salaries near Savannah, GA
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Savannah, GA?
The median annual salary for a Personal Financial Advisors in Savannah, GA is $148,780. This typically ranges from $43,090 for entry-level positions to $223,170 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Savannah, GA is 7.2% lower than the national median of $160,360.
Is Savannah, GA a lucrative place for Personal Financial Advisorss?
No, not exceptionally lucrative compared to the national average.While the average salary of $148,780 is substantial, it falls below the national average of $160,360. However, the cost of living is also at the national average, meaning the salary offers standard purchasing power.
Is Savannah, GA a good place to live for Personal Financial Advisors?
The Cost of Living Index in Savannah, GA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Savannah, GA?
Some top paying nearby cities include Hilton Head Island-Bluffton-Port Royal, SC ($123,120) and Brunswick-St. Simons, GA.
How does Savannah's cost of living compare to the national average for Personal Financial Advisors?
Savannah, GA, has a Cost of Living Index of 100, which is exactly the national average. This means that the expenses for goods and services in Savannah are comparable to the national average, making the $148,780 salary hold average purchasing power.
What is the concentration of Personal Financial Advisors in Savannah, GA?
The concentration of Personal Financial Advisors in Savannah, GA, is measured by a Location Quotient of 0.62. This indicates that the presence of these professionals is 38% lower than the national average, suggesting a less dense market.
How many Personal Financial Advisors are there in Savannah, GA?
There are approximately 210 Personal Financial Advisors employed in Savannah, GA. This represents a relatively small local workforce for this specialized profession.
Are there many job openings for Personal Financial Advisors in Savannah, GA?
There are 1.082 jobs per 1,000 workers in Savannah, GA, for Personal Financial Advisors. This metric suggests a consistent, though not exceptionally high, level of demand for these services within the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 210 employees in the Savannah, GA area with a job density of 1.082 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 Savannah, GA