Average Personal Financial Advisors Salary in Southeast Minnesota nonmetropolitan area
The average salary for Personal Financial Advisorss in Southeast Minnesota nonmetropolitan area is $112,600. While this is lower than the national average, the cost of living in Southeast Minnesota nonmetropolitan area may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $112,600 per year.
- Growth Trend: Salaries have shifted 0.7% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $206,310.
- Outlook: The current demand for Personal Financial Advisorss is stable, with a local workforce of approximately 110 professionals. This role remains a specialized component of the broader Southeast Minnesota nonmetropolitan area economy.
Salary Overview
The average Personal Financial Advisors in Southeast Minnesota nonmetropolitan area earns-29.8%below the national average.
$54.1
$2,165
$9,383
Personal Financial Advisors Salary Trends (2020-2024)
Over the past 4 years, Personal Financial Advisors salaries in Southeast Minnesota nonmetropolitan area have seen a slight adjustment of -0.7%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Personal Financial Advisors Salary Distribution in Southeast Minnesota nonmetropolitan area
The earning potential for Personal Financial Advisorss in Southeast Minnesota nonmetropolitan area varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 4.1x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $50,600, while highly experienced professionals can command wages upwards of $206,310.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,600 | $24.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $84,450 | $40.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $78,640 | $37.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $140,750 | $67.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $206,310 | $99.2 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$112,600
Gross Pay
Real Wage (Purchasing Power)
$112,600
Adjusted for COL (100)
In Southeast Minnesota nonmetropolitan area, the Cost of Living Index is 100. This increases your effective purchasing power from $112,600 to $112,600.
Job Market Context
110
Total Jobs
0.72
Per 1K Jobs
0.41
Location Quotient
At 0.41x, Southeast Minnesota nonmetropolitan area has a notably lower concentration of Personal Financial Advisors jobs than the national average. Opportunities in this area are relatively scarce for this profession.
110 people work as Personal Financial Advisors in Southeast Minnesota nonmetropolitan area.
Only 0.72 out of every 1,000 local jobs are Personal Financial Advisors roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| St. Cloud, MN Personal Financial Advisors Salary | $116,290↑ 3% | 17 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI Personal Financial Advisors Salary | $142,780↑ 27% | 58 mi |
Comparing salaries near Southeast Minnesota nonmetropolitan area
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Southeast Minnesota nonmetropolitan area?
The median annual salary for a Personal Financial Advisors in Southeast Minnesota nonmetropolitan area is $112,600. This typically ranges from $50,600 for entry-level positions to $206,310 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southeast Minnesota nonmetropolitan area is 29.8% lower than the national median of $160,360.
Is Southeast Minnesota nonmetropolitan area a good place for Personal Financial Advisorss?
It depends on your priorities. While the average Personal Financial Advisors salary in Southeast Minnesota nonmetropolitan area is $112,600 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Southeast Minnesota nonmetropolitan area. See distinct detailed breakdown below.
Is Southeast Minnesota nonmetropolitan area a good place to live for Personal Financial Advisors?
The Cost of Living Index in Southeast Minnesota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southeast Minnesota nonmetropolitan area?
Some top paying nearby cities include St. Cloud, MN ($116,290) and Minneapolis-St. Paul-Bloomington, MN-WI.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 110 employees in the Southeast Minnesota nonmetropolitan area area with a job density of 0.72 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 Southeast Minnesota nonmetropolitan area