Average Personal Financial Advisors Salary in Tampa-St. Petersburg-Clearwater, FL
Personal Financial Advisors in the Tampa-St. Petersburg-Clearwater, FL area earn an average annual salary of $146,450. This figure is slightly below the national average of $160,360, suggesting a localized market dynamic that influences compensation. Factors such as regional economic conditions and the specific demand within the Florida market contribute to this pay scale.
Executive Summary
- Average Salary: $146,450 per year.
- Growth Trend: Salaries have shifted 51.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $219,675.
- Outlook: The Tampa-St. Petersburg-Clearwater metropolitan area boasts a robust job market for Personal Financial Advisors, with a total local workforce of 4,490 professionals. The Location Quotient of 1.77 indicates a significantly higher concentration of these roles compared to the national average, signaling strong and sustained demand for financial advisory services in the region.
Salary Overview
The average Personal Financial Advisors in Tampa-St. Petersburg-Clearwater, FL earns-8.7%below the national average.
$70.4
$2,816
$12,204
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data for this exact period isn't provided, it's reasonable to assume a positive salary growth trend for Personal Financial Advisors in Tampa-St. Petersburg-Clearwater over the past four years. Economic expansion and increasing demand for financial planning services nationally typically translate to upward salary adjustments, reflecting both inflation and increased value placed on experienced advisors.
Personal Financial Advisors Salary Distribution in Tampa-St. Petersburg-Clearwater, FL
Career progression for Personal Financial Advisors in Tampa-St. Petersburg-Clearwater is marked by significant salary increases with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with a proven track record and extensive client portfolios can command salaries in the upper percentiles, reflecting their expertise and value to clients.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,470 | $23.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $109,838 | $52.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $79,320 | $38.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $183,063 | $88 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $219,675 | $105.6 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$146,450
Gross Pay
Real Wage (Purchasing Power)
$146,450
Adjusted for COL (100)
The nominal average salary of $146,450 in Tampa-St. Petersburg-Clearwater 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 environment for residents.
Job Market Context
4,490
Total Jobs
3.111
Per 1K Jobs
1.77
Location Quotient
Tampa-St. Petersburg-Clearwater, FL has 1.8x the national concentration of Personal Financial Advisors jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
With a Location Quotient of 1.77, Tampa-St. Petersburg-Clearwater demonstrates a market that is 77% more concentrated with Personal Financial Advisors than the national average. This suggests a competitive yet abundant job market, where opportunities are plentiful, but professionals may face more competition for top roles or clients.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Lakeland-Winter Haven, FL Personal Financial Advisors Salary | $115,910↓ 21% | 32 mi |
| North Florida nonmetropolitan area Personal Financial Advisors Salary | $104,710↓ 29% | 49 mi |
| Homosassa Springs, FL Personal Financial Advisors Salary | $113,750↓ 22% | 60 mi |
| Wildwood-The Villages, FL Personal Financial Advisors Salary | $170,680↑ 17% | 63 mi |
Comparing salaries near Tampa-St. Petersburg-Clearwater, FL
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Tampa-St. Petersburg-Clearwater, FL?
The median annual salary for a Personal Financial Advisors in Tampa-St. Petersburg-Clearwater, FL is $146,450. This typically ranges from $49,470 for entry-level positions to $219,675 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Tampa-St. Petersburg-Clearwater, FL is 8.7% lower than the national median of $160,360.
Is Tampa-St. Petersburg-Clearwater, FL a lucrative place for Personal Financial Advisors?
Yes, with a caveat.While the average salary is slightly below the national average, the high concentration of advisors and a national average cost of living make it a stable and opportunity-rich environment for financial professionals.
Is Tampa-St. Petersburg-Clearwater, FL a good place to live for Personal Financial Advisors?
The Cost of Living Index in Tampa-St. Petersburg-Clearwater, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Tampa-St. Petersburg-Clearwater, FL?
Some top paying nearby cities include Lakeland-Winter Haven, FL ($115,910) and North Florida nonmetropolitan area.
How does the Tampa-St. Petersburg-Clearwater salary compare to the national average?
The average salary for Personal Financial Advisors in Tampa-St. Petersburg-Clearwater is $146,450, which is slightly lower than the national average of $160,360.
What is the concentration of Personal Financial Advisors in this area?
The Location Quotient is 1.77, indicating that Personal Financial Advisors are 77% more concentrated in Tampa-St. Petersburg-Clearwater compared to the national average.
How does the cost of living affect the salary in Tampa-St. Petersburg-Clearwater?
The cost of living index is 100, which is the national average. Therefore, the average salary of $146,450 offers purchasing power equivalent to the national average.
What does the job market look like for Personal Financial Advisors in this region?
The job market is robust, with 3.111 jobs per 1,000 workers and a significant concentration of professionals, suggesting strong demand and ample opportunities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,490 employees in the Tampa-St. Petersburg-Clearwater, FL area with a job density of 3.111 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 Tampa-St. Petersburg-Clearwater, FL