Average Personal Financial Advisors Salary in Seattle-Tacoma-Bellevue, WA
Personal Financial Advisors in the Seattle-Tacoma-Bellevue, WA area earn an impressive average annual salary of $157,800. This figure is slightly below the national average of $160,360, but the local market dynamics and cost of living play a significant role in this compensation. The concentration of financial services and the demand for expert advice in this thriving metropolitan area contribute to competitive pay.
Executive Summary
- Average Salary: $157,800 per year.
- Growth Trend: Salaries have shifted 35.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $236,700.
- Outlook: With a local workforce of 4,860 Personal Financial Advisors, the Seattle-Tacoma-Bellevue area demonstrates a substantial presence in this profession. The Location Quotient of 1.33 indicates that this region has a higher concentration of these roles compared to the national average, suggesting a robust and potentially growing job market with sustained demand for financial planning expertise.
Salary Overview
The average Personal Financial Advisors in Seattle-Tacoma-Bellevue, WA earns-1.6%below the national average.
$75.9
$3,035
$13,150
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 Seattle-Tacoma-Bellevue, WA have experienced steady growth over the past four years, mirroring national trends. Factors such as increasing demand for financial guidance, evolving market complexities, and inflation typically drive upward salary adjustments in this field.
Personal Financial Advisors Salary Distribution in Seattle-Tacoma-Bellevue, WA
The career trajectory for Personal Financial Advisors in Seattle-Tacoma-Bellevue, WA typically involves significant salary increases with experience. Entry-level positions may start at a lower percentile, but seasoned professionals with a proven track record and specialized skills can command salaries well into the higher percentiles, reflecting their value and expertise in managing client portfolios and financial futures.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $63,340 | $30.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $118,350 | $56.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $112,020 | $53.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $197,250 | $94.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $236,700 | $113.8 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$157,800
Gross Pay
Real Wage (Purchasing Power)
$157,800
Adjusted for COL (100)
The average annual salary of $157,800 in Seattle-Tacoma-Bellevue, WA 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 stable financial standing relative to the cost of goods and services.
Job Market Context
4,860
Total Jobs
2.332
Per 1K Jobs
1.33
Location Quotient
With a location quotient of 1.33, Seattle-Tacoma-Bellevue, WA has a slightly higher-than-average concentration of Personal Financial Advisors roles compared to the national norm.
A Location Quotient of 1.33 for Personal Financial Advisors in Seattle-Tacoma-Bellevue, WA signifies a market that is more concentrated with these professionals than the national average. This suggests a competitive environment where demand is strong enough to support a larger-than-average pool of advisors, indicating ample opportunities for both new entrants and experienced professionals.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Bremerton-Silverdale-Port Orchard, WA Personal Financial Advisors Salary | $157,170↓ 0% | 18 mi |
| Western Washington nonmetropolitan area Personal Financial Advisors Salary | $112,670↓ 29% | 42 mi |
| Olympia-Lacey-Tumwater, WA Personal Financial Advisors Salary | $133,630↓ 15% | 47 mi |
| Mount Vernon-Anacortes, WA Personal Financial Advisors Salary | $134,490↓ 15% | 56 mi |
Comparing salaries near Seattle-Tacoma-Bellevue, WA
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Seattle-Tacoma-Bellevue, WA?
The median annual salary for a Personal Financial Advisors in Seattle-Tacoma-Bellevue, WA is $157,800. This typically ranges from $63,340 for entry-level positions to $236,700 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Seattle-Tacoma-Bellevue, WA is 1.6% lower than the national median of $160,360.
Is Seattle-Tacoma-Bellevue, WA a lucrative place for Personal Financial Advisors?
Yes, it is a lucrative place for Personal Financial Advisors.The average salary of $157,800 is competitive, and the Location Quotient of 1.33 indicates a strong concentration of these roles, suggesting high demand.
Is Seattle-Tacoma-Bellevue, WA a good place to live for Personal Financial Advisors?
The Cost of Living Index in Seattle-Tacoma-Bellevue, WA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Seattle-Tacoma-Bellevue, WA?
Some top paying nearby cities include Bremerton-Silverdale-Port Orchard, WA ($157,170) and Western Washington nonmetropolitan area.
How does the Seattle-Tacoma-Bellevue salary compare to the national average?
The average salary for Personal Financial Advisors in Seattle-Tacoma-Bellevue, WA is $157,800, which is slightly lower than the national average of $160,360.
What is the total number of Personal Financial Advisors in the Seattle-Tacoma-Bellevue, WA area?
There are approximately 4,860 Personal Financial Advisors employed in the Seattle-Tacoma-Bellevue, WA metropolitan area.
How does the cost of living in Seattle-Tacoma-Bellevue, WA affect the salary?
The Cost of Living Index in Seattle-Tacoma-Bellevue, WA is 100, which is the national average. Therefore, the nominal salary of $157,800 has the same purchasing power as the national average salary.
Is the job market for Personal Financial Advisors strong in Seattle-Tacoma-Bellevue, WA?
Yes, the job market is considered strong, as indicated by a Location Quotient of 1.33, meaning there is a higher concentration of these jobs relative to the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,860 employees in the Seattle-Tacoma-Bellevue, WA area with a job density of 2.332 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 Seattle-Tacoma-Bellevue, WA