Average Personal Financial Advisors Salary in Tulsa, OK
Personal Financial Advisors in Tulsa, OK, earn an average annual salary of $118,700. This figure is notably below the national average of $160,360, reflecting regional economic factors and demand specific to the Oklahoma market. While the nominal salary is lower, understanding the local cost of living is crucial for a complete financial picture.
Executive Summary
- Average Salary: $118,700 per year.
- Growth Trend: Salaries have shifted 11.7% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $178,050.
- Outlook: With a total local workforce of 430 Personal Financial Advisors, Tulsa presents a moderate employment landscape for this profession. The Location Quotient of 0.54 indicates that this role is less concentrated in Tulsa compared to the national average, suggesting a potentially less saturated but also less robust demand for specialized financial advisory services within the immediate area.
Salary Overview
The average Personal Financial Advisors in Tulsa, OK earns-26.0%below the national average.
$57.1
$2,283
$9,892
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data for Tulsa is not provided, the Personal Financial Advisor field nationally has experienced consistent growth over the past four years, driven by an aging population and increasing financial complexity. It is reasonable to assume that Tulsa has mirrored this trend to some extent, with potential for salary increases aligning with broader economic recovery and evolving client needs.
Personal Financial Advisors Salary Distribution in Tulsa, OK
Salary progression for Personal Financial Advisors in Tulsa, much like nationwide, is significantly influenced by experience. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with extensive client portfolios and specialized certifications can command salaries well above the average. The percentile gaps in earnings clearly signify the career trajectory and earning potential as advisors advance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $28,460 | $13.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $89,025 | $42.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $68,100 | $32.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $148,375 | $71.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $178,050 | $85.6 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$118,700
Gross Pay
Real Wage (Purchasing Power)
$118,700
Adjusted for COL (100)
The average annual salary of $118,700 for Personal Financial Advisors in Tulsa aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of an advisor's salary in Tulsa is equivalent to the national average, making the nominal salary figure a direct reflection of real-term financial standing without significant inflation or deflationary pressures.
Job Market Context
430
Total Jobs
0.951
Per 1K Jobs
0.54
Location Quotient
Tulsa, OK has 0.54x 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.
A Location Quotient of 0.54 for Personal Financial Advisors in Tulsa signifies that the concentration of these professionals is about half that of the national average. This suggests that while the demand might not be as high as in major metropolitan hubs, the market is less saturated, potentially offering opportunities for advisors who can establish a strong client base without facing intense competition.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Southeast Oklahoma nonmetropolitan area Personal Financial Advisors Salary | $108,190↓ 9% | 69 mi |
| Northeast Oklahoma nonmetropolitan area Personal Financial Advisors Salary | $135,720↑ 14% | 69 mi |
| Northwest Oklahoma nonmetropolitan area Personal Financial Advisors Salary | $100,070↓ 16% | 69 mi |
| Fayetteville-Springdale-Rogers, AR Personal Financial Advisors Salary | $140,030↑ 18% | 97 mi |
Comparing salaries near Tulsa, OK
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Tulsa, OK?
The median annual salary for a Personal Financial Advisors in Tulsa, OK is $118,700. This typically ranges from $28,460 for entry-level positions to $178,050 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Tulsa, OK is 26.0% lower than the national median of $160,360.
Is Tulsa, OK a lucrative place for Personal Financial Advisors?
No, not exceptionally lucrative compared to the national average.While the average salary of $118,700 is substantial, it falls significantly short of the national average of $160,360. However, the cost of living being at the national average means the salary's purchasing power is standard.
Is Tulsa, OK a good place to live for Personal Financial Advisors?
The Cost of Living Index in Tulsa, OK is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Tulsa, OK?
Some top paying nearby cities include Southeast Oklahoma nonmetropolitan area ($108,190) and Northeast Oklahoma nonmetropolitan area.
How does Tulsa's Personal Financial Advisor salary compare to the national average?
The average salary in Tulsa ($118,700) is approximately 26% lower than the national average ($160,360).
What is the job market like for Personal Financial Advisors in Tulsa?
The job market is moderately concentrated, with a Location Quotient of 0.54, indicating fewer advisors per capita than the national average. There are approximately 0.951 jobs per 1,000 workers in this field locally.
Does the cost of living in Tulsa affect the value of the salary?
No, the cost of living in Tulsa is exactly at the national average (100), meaning the $118,700 salary has standard purchasing power relative to the rest of the country.
How many Personal Financial Advisors are there in Tulsa?
There are approximately 430 Personal Financial Advisors employed in the Tulsa, OK area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 430 employees in the Tulsa, OK area with a job density of 0.951 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 Tulsa, OK