Average Personal Financial Advisors Salary in Springfield, MA
The average salary for a Personal Financial Advisors in Springfield, MA is $160,510. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $160,510 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $240,765.
- Outlook: The current demand for Personal Financial Advisorss is stable, with a local workforce of approximately 170 professionals. This role remains a specialized component of the broader Springfield, MA economy.
Salary Overview
The average Personal Financial Advisors in Springfield, MA earns+0.1%above the national average.
$77.2
$3,087
$13,376
Personal Financial Advisors Salary Trends (2020-2024)
Historical trend data for Personal Financial Advisors in Springfield, MA is limited, but current market signals indicate a stable demand environment.
Personal Financial Advisors Salary Distribution in Springfield, MA
The earning potential for Personal Financial Advisorss in Springfield, MA varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 4.0x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $59,950, while highly experienced professionals can command wages upwards of $240,765.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $59,950 | $28.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $120,383 | $57.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $102,210 | $49.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $200,638 | $96.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $240,765 | $115.8 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$160,510
Gross Pay
Real Wage (Purchasing Power)
$160,510
Adjusted for COL (100)
In Springfield, MA, the Cost of Living Index is 100. This increases your effective purchasing power from $160,510 to $160,510.
Job Market Context
170
Total Jobs
0.851
Per 1K Jobs
0.49
Location Quotient
At 0.49x, Springfield, MA has a notably lower concentration of Personal Financial Advisors jobs than the national average. Opportunities in this area are relatively scarce for this profession.
170 people work as Personal Financial Advisors in Springfield, MA.
Only 0.851 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. |
|---|---|---|
| Hartford-West Hartford-East Hartford, CT Personal Financial Advisors Salary | $124,440↓ 22% | 25 mi |
| Connecticut nonmetropolitan area Personal Financial Advisors Salary | $114,670↓ 29% | 37 mi |
| Worcester, MA Personal Financial Advisors Salary | $152,160↓ 5% | 39 mi |
| Pittsfield, MA Personal Financial Advisors Salary | $162,070↑ 1% | 44 mi |
Comparing salaries near Springfield, MA
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Springfield, MA?
The median annual salary for a Personal Financial Advisors in Springfield, MA is $160,510. This typically ranges from $59,950 for entry-level positions to $240,765 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, MA is 0.1% higher than the national median of $160,360.
Is Springfield, MA a good place for Personal Financial Advisorss?
Yes, Springfield, MA is financially attractive for Personal Financial Advisorss. The average salary of $160,510 exceeds the national average. See distinct detailed breakdown below.
Is Springfield, MA a good place to live for Personal Financial Advisors?
The Cost of Living Index in Springfield, MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Springfield, MA?
Some top paying nearby cities include Hartford-West Hartford-East Hartford, CT ($124,440) and Connecticut nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 170 employees in the Springfield, MA area with a job density of 0.851 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 Springfield, MA