Average Personal Financial Advisors Salary in Southwest Minnesota nonmetropolitan area
The average salary for Personal Financial Advisorss in Southwest Minnesota nonmetropolitan area is $119,650. While this is lower than the national average, the cost of living in Southwest Minnesota nonmetropolitan area may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $119,650 per year.
- Growth Trend: Salaries have shifted 9.4% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $179,475.
- Outlook: The current demand for Personal Financial Advisorss is stable, with a local workforce of approximately 140 professionals. This role remains a specialized component of the broader Southwest Minnesota nonmetropolitan area economy.
Salary Overview
The average Personal Financial Advisors in Southwest Minnesota nonmetropolitan area earns-25.4%below the national average.
$57.5
$2,301
$9,971
Personal Financial Advisors Salary Trends (2020-2024)
Over the past 3 years, Personal Financial Advisors salaries in Southwest Minnesota nonmetropolitan area have seen a slight adjustment of -9.4%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Personal Financial Advisors Salary Distribution in Southwest Minnesota nonmetropolitan area
The earning potential for Personal Financial Advisorss in Southwest Minnesota nonmetropolitan area varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.8x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $47,170, while highly experienced professionals can command wages upwards of $179,475.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,170 | $22.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $89,738 | $43.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $81,600 | $39.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $149,563 | $71.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $179,475 | $86.3 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$119,650
Gross Pay
Real Wage (Purchasing Power)
$119,650
Adjusted for COL (100)
In Southwest Minnesota nonmetropolitan area, the Cost of Living Index is 100. This increases your effective purchasing power from $119,650 to $119,650.
Job Market Context
140
Total Jobs
1.204
Per 1K Jobs
0.69
Location Quotient
Southwest Minnesota nonmetropolitan area has 0.69x 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.
140 people work as Personal Financial Advisors in Southwest Minnesota nonmetropolitan area.
1.204 out of every 1,000 local jobs are Personal Financial Advisors positions — a typical concentration.
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↑ 19% | 58 mi |
Comparing salaries near Southwest Minnesota nonmetropolitan area
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Southwest Minnesota nonmetropolitan area?
The median annual salary for a Personal Financial Advisors in Southwest Minnesota nonmetropolitan area is $119,650. This typically ranges from $47,170 for entry-level positions to $179,475 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Minnesota nonmetropolitan area is 25.4% lower than the national median of $160,360.
Is Southwest Minnesota nonmetropolitan area a good place for Personal Financial Advisorss?
It depends on your priorities. While the average Personal Financial Advisors salary in Southwest Minnesota nonmetropolitan area is $119,650 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Southwest Minnesota nonmetropolitan area. See distinct detailed breakdown below.
Is Southwest Minnesota nonmetropolitan area a good place to live for Personal Financial Advisors?
The Cost of Living Index in Southwest Minnesota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest 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 140 employees in the Southwest Minnesota nonmetropolitan area area with a job density of 1.204 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Personal Financial Advisors Salaries by State
Top Jobs in Southwest Minnesota nonmetropolitan area
- All Occupations Salary in Southwest Minnesota nonmetropolitan area
- Production Occupations Salary in Southwest Minnesota nonmetropolitan area
- Office and Administrative Support Occupations Salary in Southwest Minnesota nonmetropolitan area
- Transportation and Material Moving Occupations Salary in Southwest Minnesota nonmetropolitan area
- Sales and Related Occupations Salary in Southwest Minnesota nonmetropolitan area
- Food Preparation and Serving Related Occupations Salary in Southwest Minnesota nonmetropolitan area
- Healthcare Support Occupations Salary in Southwest Minnesota nonmetropolitan area
- Educational Instruction and Library Occupations Salary in Southwest Minnesota nonmetropolitan area
- Healthcare Practitioners and Technical Occupations Salary in Southwest Minnesota nonmetropolitan area
- Management Occupations Salary in Southwest Minnesota nonmetropolitan area
- Browse All Jobs in Southwest Minnesota nonmetropolitan area →
Semantic Salary Analysis for Personal Financial Advisors • Data source: BLS OEWS 2024 •Jobs in Southwest Minnesota nonmetropolitan area