Average Personal Financial Advisors Salary in Trenton-Princeton, NJ
Personal Financial Advisors in the Trenton-Princeton, NJ area earn an average annual salary of $144,440. This figure is notably below the national average of $160,360, suggesting that while the role is present, local market dynamics or specific industry concentrations may influence compensation levels compared to broader national trends.
Executive Summary
- Average Salary: $144,440 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $216,660.
- Outlook: With a local workforce of 690 Personal Financial Advisors, the Trenton-Princeton area demonstrates a significant presence in this field. The Location Quotient of 1.63 indicates a concentration of these professionals that is 63% higher than the national average, signaling robust local demand and a potentially competitive job market for aspiring advisors.
Salary Overview
The average Personal Financial Advisors in Trenton-Princeton, NJ earns-9.9%below the national average.
$69.4
$2,778
$12,037
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data for Trenton-Princeton is not provided, it is generally assumed that the Personal Financial Advisor role has experienced steady salary growth over the past four years, mirroring national trends. Factors such as increasing demand for financial planning services, evolving market conditions, and inflation typically contribute to upward salary adjustments in this profession.
Personal Financial Advisors Salary Distribution in Trenton-Princeton, NJ
The career trajectory for Personal Financial Advisors typically involves significant salary increases with experience. Entry-level positions might start at a lower percentile, while seasoned professionals with extensive client portfolios and proven track records can command salaries well into the higher percentiles, reflecting their accumulated expertise and value.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $66,900 | $32.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $108,330 | $52.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $102,590 | $49.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $180,550 | $86.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $216,660 | $104.2 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$144,440
Gross Pay
Real Wage (Purchasing Power)
$144,440
Adjusted for COL (100)
The average annual salary of $144,440 in Trenton-Princeton, NJ, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of an advisor's salary in this region is equivalent to the national average, offering a stable financial environment without the added pressure of higher or lower living expenses.
Job Market Context
690
Total Jobs
2.867
Per 1K Jobs
1.63
Location Quotient
Trenton-Princeton, NJ has 1.6x 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.
The Location Quotient of 1.63 for Personal Financial Advisors in Trenton-Princeton signifies a substantial concentration of talent and opportunity relative to the national average. This elevated quotient suggests that the region is a key hub for financial advisory services, potentially offering more specialized roles and a dynamic professional network for individuals in this career.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Personal Financial Advisors Salary | $169,770↑ 18% | 28 mi |
| Allentown-Bethlehem-Easton, PA-NJ Personal Financial Advisors Salary | $161,700↑ 12% | 45 mi |
| New York-Newark-Jersey City, NY-NJ Personal Financial Advisors Salary | $230,810↑ 60% | 52 mi |
| Atlantic City-Hammonton, NJ Personal Financial Advisors Salary | $154,700↑ 7% | 61 mi |
Comparing salaries near Trenton-Princeton, NJ
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Trenton-Princeton, NJ?
The median annual salary for a Personal Financial Advisors in Trenton-Princeton, NJ is $144,440. This typically ranges from $66,900 for entry-level positions to $216,660 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Trenton-Princeton, NJ is 9.9% lower than the national median of $160,360.
Is Trenton-Princeton, NJ a lucrative place for Personal Financial Advisors?
Yes, with a caveat.While the average salary of $144,440 is below the national average, the strong Location Quotient of 1.63 indicates a concentrated market with potentially ample opportunities and career growth.
Is Trenton-Princeton, NJ a good place to live for Personal Financial Advisors?
The Cost of Living Index in Trenton-Princeton, NJ is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Trenton-Princeton, NJ?
Some top paying nearby cities include Philadelphia-Camden-Wilmington, PA-NJ-DE-MD ($169,770) and Allentown-Bethlehem-Easton, PA-NJ.
How does the Trenton-Princeton salary compare to the national average?
The average salary for Personal Financial Advisors in Trenton-Princeton, NJ is $144,440, which is $15,920 less than the national average of $160,360.
What is the significance of the Location Quotient (LQ) in Trenton-Princeton?
An LQ of 1.63 means that Personal Financial Advisors are 63% more concentrated in Trenton-Princeton than the national average, indicating a stronger presence and potentially higher demand for these professionals in the area.
How does the Cost of Living affect the salary in Trenton-Princeton?
With a Cost of Living Index of 100, the national average, the $144,440 salary in Trenton-Princeton offers purchasing power equivalent to the national average, making it a stable financial environment.
What is the total number of Personal Financial Advisors in Trenton-Princeton?
There are approximately 690 Personal Financial Advisors employed in the Trenton-Princeton, NJ area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 690 employees in the Trenton-Princeton, NJ area with a job density of 2.867 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 Trenton-Princeton, NJ