Average Personal Financial Advisors Salary in Southern Indiana nonmetropolitan area
The average salary for Personal Financial Advisorss in Southern Indiana nonmetropolitan area is $98,870. While this is lower than the national average, the cost of living in Southern Indiana nonmetropolitan area may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $98,870 per year.
- Growth Trend: Salaries have shifted 3.5% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $214,110.
- Outlook: The current demand for Personal Financial Advisorss is stable, with a local workforce of approximately 120 professionals. This role remains a specialized component of the broader Southern Indiana nonmetropolitan area economy.
Salary Overview
The average Personal Financial Advisors in Southern Indiana nonmetropolitan area earns-38.3%below the national average.
$47.5
$1,901
$8,239
Personal Financial Advisors Salary Trends (2020-2024)
Over the past 4 years, Personal Financial Advisors salaries in Southern Indiana nonmetropolitan area have seen a slight adjustment of -3.5%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Personal Financial Advisors Salary Distribution in Southern Indiana nonmetropolitan area
The earning potential for Personal Financial Advisorss in Southern Indiana nonmetropolitan area varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 4.4x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $48,200, while highly experienced professionals can command wages upwards of $214,110.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,200 | $23.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $74,153 | $35.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $57,300 | $27.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $123,588 | $59.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $214,110 | $102.9 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$98,870
Gross Pay
Real Wage (Purchasing Power)
$98,870
Adjusted for COL (100)
In Southern Indiana nonmetropolitan area, the Cost of Living Index is 100. This increases your effective purchasing power from $98,870 to $98,870.
Job Market Context
120
Total Jobs
0.623
Per 1K Jobs
0.36
Location Quotient
At 0.36x, Southern Indiana 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.
120 people work as Personal Financial Advisors in Southern Indiana nonmetropolitan area.
Only 0.623 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. |
|---|---|---|
| Indianapolis-Carmel-Greenwood, IN Personal Financial Advisors Salary | $189,370↑ 92% | 8 mi |
| Kokomo, IN Personal Financial Advisors Salary | $122,370↑ 24% | 43 mi |
| Columbus, IN Personal Financial Advisors Salary | $108,850↑ 10% | 48 mi |
| Bloomington, IN Personal Financial Advisors Salary | $118,490↑ 20% | 49 mi |
| Lafayette-West Lafayette, IN Personal Financial Advisors Salary | $159,670↑ 61% | 50 mi |
Comparing salaries near Southern Indiana nonmetropolitan area
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Southern Indiana nonmetropolitan area?
The median annual salary for a Personal Financial Advisors in Southern Indiana nonmetropolitan area is $98,870. This typically ranges from $48,200 for entry-level positions to $214,110 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southern Indiana nonmetropolitan area is 38.3% lower than the national median of $160,360.
Is Southern Indiana nonmetropolitan area a good place for Personal Financial Advisorss?
It depends on your priorities. While the average Personal Financial Advisors salary in Southern Indiana nonmetropolitan area is $98,870 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Southern Indiana nonmetropolitan area. See distinct detailed breakdown below.
Is Southern Indiana nonmetropolitan area a good place to live for Personal Financial Advisors?
The Cost of Living Index in Southern Indiana nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southern Indiana nonmetropolitan area?
Some top paying nearby cities include Indianapolis-Carmel-Greenwood, IN ($189,370) and Kokomo, IN.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 120 employees in the Southern Indiana nonmetropolitan area area with a job density of 0.623 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 Southern Indiana nonmetropolitan area