Average Personal Financial Advisors Salary in Waco, TX
The average salary for Personal Financial Advisorss in Waco, TX is $93,780. While this is lower than the national average, the cost of living in Waco, TX may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $93,780 per year.
- Growth Trend: Salaries have shifted 1.4% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $137,970.
- Outlook: The current demand for Personal Financial Advisorss is stable, with a local workforce of approximately 120 professionals. This role remains a specialized component of the broader Waco, TX economy.
Salary Overview
The average Personal Financial Advisors in Waco, TX earns-41.5%below the national average.
$45.1
$1,803
$7,815
Personal Financial Advisors Salary Trends (2020-2024)
Over the past 4 years, Personal Financial Advisors salaries in Waco, TX have seen a slight adjustment of -1.4%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Personal Financial Advisors Salary Distribution in Waco, TX
The earning potential for Personal Financial Advisorss in Waco, TX varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.7x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $37,360, while highly experienced professionals can command wages upwards of $137,970.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,360 | $18 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $70,335 | $33.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $74,930 | $36 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $117,225 | $56.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $137,970 | $66.3 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$93,780
Gross Pay
Real Wage (Purchasing Power)
$93,780
Adjusted for COL (100)
In Waco, TX, the Cost of Living Index is 100. This increases your effective purchasing power from $93,780 to $93,780.
Job Market Context
120
Total Jobs
0.896
Per 1K Jobs
0.51
Location Quotient
Waco, TX has 0.51x 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.
120 people work as Personal Financial Advisors in Waco, TX.
Only 0.896 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. |
|---|---|---|
| North Region of Texas nonmetropolitan area Personal Financial Advisors Salary | $88,130↓ 6% | 41 mi |
| Northwestern Region of Texas nonmetropolitan area Personal Financial Advisors Salary | $75,830↓ 19% | 41 mi |
| Hill Country Region of Texas nonmetropolitan area Personal Financial Advisors Salary | $88,100↓ 6% | 41 mi |
| Eastern Region of Texas nonmetropolitan area Personal Financial Advisors Salary | $125,330↑ 34% | 41 mi |
Comparing salaries near Waco, TX
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Waco, TX?
The median annual salary for a Personal Financial Advisors in Waco, TX is $93,780. This typically ranges from $37,360 for entry-level positions to $137,970 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waco, TX is 41.5% lower than the national median of $160,360.
Is Waco, TX a good place for Personal Financial Advisorss?
It depends on your priorities. While the average Personal Financial Advisors salary in Waco, TX is $93,780 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Waco, TX. See distinct detailed breakdown below.
Is Waco, TX a good place to live for Personal Financial Advisors?
The Cost of Living Index in Waco, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waco, TX?
Some top paying nearby cities include North Region of Texas nonmetropolitan area ($88,130) and Northwestern Region of Texas 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 120 employees in the Waco, TX area with a job density of 0.896 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 Waco, TX