Average Personal Financial Advisors Salary in Waterloo-Cedar Falls, IA
The average salary for Personal Financial Advisorss in Waterloo-Cedar Falls, IA is $112,300. While this is lower than the national average, the cost of living in Waterloo-Cedar Falls, IA may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $112,300 per year.
- Growth Trend: Salaries have shifted 36.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $204,350.
- 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 Waterloo-Cedar Falls, IA economy.
Salary Overview
The average Personal Financial Advisors in Waterloo-Cedar Falls, IA earns-30.0%below the national average.
$54
$2,160
$9,358
Personal Financial Advisors Salary Trends (2020-2024)
Over the past 4 years, Personal Financial Advisors salaries in Waterloo-Cedar Falls, IA have experienced a rapid surge, growing by 36.4%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Personal Financial Advisors Salary Distribution in Waterloo-Cedar Falls, IA
The earning potential for Personal Financial Advisorss in Waterloo-Cedar Falls, IA varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 5.4x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $37,750, while highly experienced professionals can command wages upwards of $204,350.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,750 | $18.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $84,225 | $40.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $75,550 | $36.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $140,375 | $67.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $204,350 | $98.2 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$112,300
Gross Pay
Real Wage (Purchasing Power)
$112,300
Adjusted for COL (100)
In Waterloo-Cedar Falls, IA, the Cost of Living Index is 100. This increases your effective purchasing power from $112,300 to $112,300.
Job Market Context
120
Total Jobs
1.438
Per 1K Jobs
0.82
Location Quotient
Waterloo-Cedar Falls, IA has 0.82x 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 Waterloo-Cedar Falls, IA.
1.438 out of every 1,000 local jobs are Personal Financial Advisors positions — a typical concentration.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Cedar Rapids, IA Personal Financial Advisors Salary | $127,150↑ 13% | 50 mi |
| Southeast Iowa nonmetropolitan area Personal Financial Advisors Salary | $181,720↑ 62% | 55 mi |
| Northwest Iowa nonmetropolitan area Personal Financial Advisors Salary | $109,560↓ 2% | 55 mi |
| Northeast Iowa nonmetropolitan area Personal Financial Advisors Salary | $119,250↑ 6% | 55 mi |
| Southwest Iowa nonmetropolitan area Personal Financial Advisors Salary | $96,690↓ 14% | 55 mi |
Comparing salaries near Waterloo-Cedar Falls, IA
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Waterloo-Cedar Falls, IA?
The median annual salary for a Personal Financial Advisors in Waterloo-Cedar Falls, IA is $112,300. This typically ranges from $37,750 for entry-level positions to $204,350 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waterloo-Cedar Falls, IA is 30.0% lower than the national median of $160,360.
Is Waterloo-Cedar Falls, IA a good place for Personal Financial Advisorss?
It depends on your priorities. While the average Personal Financial Advisors salary in Waterloo-Cedar Falls, IA is $112,300 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Waterloo-Cedar Falls, IA. See distinct detailed breakdown below.
Is Waterloo-Cedar Falls, IA a good place to live for Personal Financial Advisors?
The Cost of Living Index in Waterloo-Cedar Falls, IA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waterloo-Cedar Falls, IA?
Some top paying nearby cities include Cedar Rapids, IA ($127,150) and Southeast Iowa 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 Waterloo-Cedar Falls, IA area with a job density of 1.438 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 Waterloo-Cedar Falls, IA