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Average Personal Financial Advisors Salary in West Central Illinois nonmetropolitan area

The average salary for Personal Financial Advisorss in West Central Illinois nonmetropolitan area is $117,470. While this is lower than the national average, the cost of living in West Central Illinois nonmetropolitan area may offset the difference, preserving real purchasing power.

Executive Summary

  • Average Salary: $117,470 per year.
  • Growth Trend: Salaries have shifted 1.8% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $196,090.
  • Outlook: The current demand for Personal Financial Advisorss is stable, with a local workforce of approximately 140 professionals. This role remains a specialized component of the broader West Central Illinois nonmetropolitan area economy.
2024 Market Data

Salary Overview

$117,470

The average Personal Financial Advisors in West Central Illinois nonmetropolitan area earns-26.7%below the national average.

BreakdownBased on 40h/week
Hourly

$56.5

Weekly

$2,259

Monthly

$9,789

Personal Financial Advisors Salary Distribution in West Central Illinois nonmetropolitan area

The earning potential for Personal Financial Advisorss in West Central Illinois nonmetropolitan area varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 4.2x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $46,480, while highly experienced professionals can command wages upwards of $196,090.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$46,480$22.3
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$88,103$42.4
ManagerOversees team, compliance, and project delivery.50% (Median)$93,540$45
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$146,838$70.6
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$196,090$94.3

Detailed Personal Financial Advisors Market Analysis

Relocation Context

Nominal Salary

$117,470

Gross Pay

Real Wage (Purchasing Power)

$117,470

Adjusted for COL (100)

In West Central Illinois nonmetropolitan area, the Cost of Living Index is 100. This increases your effective purchasing power from $117,470 to $117,470.

Job Market Context

140

Total Jobs

0.849

Per 1K Jobs

0.48

Location Quotient

Low Concentration

At 0.48x, West Central Illinois nonmetropolitan area has a notably lower concentration of Personal Financial Advisors jobs than the national average. Opportunities in this area are relatively scarce for this profession.

140 people work as Personal Financial Advisors in West Central Illinois nonmetropolitan area.

Only 0.849 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

CitySalaryDist.
Bloomington, IL Personal Financial Advisors Salary$123,240↑ 5%9 mi
Champaign-Urbana, IL Personal Financial Advisors Salary$124,060↑ 6%41 mi
Peoria, IL Personal Financial Advisors Salary$128,730↑ 10%43 mi
Springfield, IL Personal Financial Advisors Salary$135,750↑ 16%53 mi

Comparing salaries near West Central Illinois nonmetropolitan area

Hiring Personal Financial Advisorss?

Frequently Asked Questions

How much does a Personal Financial Advisors make in West Central Illinois nonmetropolitan area?

The median annual salary for a Personal Financial Advisors in West Central Illinois nonmetropolitan area is $117,470. This typically ranges from $46,480 for entry-level positions to $196,090 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in West Central Illinois nonmetropolitan area is 26.7% lower than the national median of $160,360.

Is West Central Illinois nonmetropolitan area a good place for Personal Financial Advisorss?

It depends on your priorities. While the average Personal Financial Advisors salary in West Central Illinois nonmetropolitan area is $117,470 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of West Central Illinois nonmetropolitan area. See distinct detailed breakdown below.

Is West Central Illinois nonmetropolitan area a good place to live for Personal Financial Advisors?

The Cost of Living Index in West Central Illinois nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near West Central Illinois nonmetropolitan area?

Some top paying nearby cities include Bloomington, IL ($123,240) and Champaign-Urbana, IL.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 140 employees in the West Central Illinois nonmetropolitan area area with a job density of 0.849 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in West Central Illinois nonmetropolitan area

Semantic Salary Analysis for Personal Financial Advisors • Data source: BLS OEWS 2024 •Jobs in West Central Illinois nonmetropolitan area