Average Personal Financial Advisors Salary in West Tennessee nonmetropolitan area
The average salary for Personal Financial Advisorss in West Tennessee nonmetropolitan area is $131,140. While this is lower than the national average, the cost of living in West Tennessee nonmetropolitan area may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $131,140 per year.
- Growth Trend: Salaries have shifted 87.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $219,990.
- Outlook: The current demand for Personal Financial Advisorss is stable, with a local workforce of approximately 60 professionals. This role remains a specialized component of the broader West Tennessee nonmetropolitan area economy.
Salary Overview
The average Personal Financial Advisors in West Tennessee nonmetropolitan area earns-18.2%below the national average.
$63.1
$2,522
$10,928
Personal Financial Advisors Salary Trends (2020-2024)
Over the past 4 years, Personal Financial Advisors salaries in West Tennessee nonmetropolitan area have experienced a rapid surge, growing by 87.8%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Personal Financial Advisors Salary Distribution in West Tennessee nonmetropolitan area
The earning potential for Personal Financial Advisorss in West Tennessee nonmetropolitan area varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 5.9x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $37,420, while highly experienced professionals can command wages upwards of $219,990.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,420 | $18 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $98,355 | $47.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $94,110 | $45.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $163,925 | $78.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $219,990 | $105.8 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$131,140
Gross Pay
Real Wage (Purchasing Power)
$131,140
Adjusted for COL (100)
In West Tennessee nonmetropolitan area, the Cost of Living Index is 100. This increases your effective purchasing power from $131,140 to $131,140.
Job Market Context
60
Total Jobs
0.545
Per 1K Jobs
0.31
Location Quotient
At 0.31x, West Tennessee 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.
60 people work as Personal Financial Advisors in West Tennessee nonmetropolitan area.
Only 0.545 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. |
|---|---|---|
| Nashville-Davidson--Murfreesboro--Franklin, TN Personal Financial Advisors Salary | $145,900↑ 11% | 29 mi |
| Clarksville, TN-KY Personal Financial Advisors Salary | $107,050↓ 18% | 67 mi |
| Huntsville, AL Personal Financial Advisors Salary | $142,730↑ 9% | 73 mi |
| Decatur, AL Personal Financial Advisors Salary | $121,580↓ 7% | 83 mi |
| Florence-Muscle Shoals, AL Personal Financial Advisors Salary | $101,670↓ 22% | 84 mi |
Comparing salaries near West Tennessee nonmetropolitan area
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in West Tennessee nonmetropolitan area?
The median annual salary for a Personal Financial Advisors in West Tennessee nonmetropolitan area is $131,140. This typically ranges from $37,420 for entry-level positions to $219,990 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in West Tennessee nonmetropolitan area is 18.2% lower than the national median of $160,360.
Is West Tennessee nonmetropolitan area a good place for Personal Financial Advisorss?
It depends on your priorities. While the average Personal Financial Advisors salary in West Tennessee nonmetropolitan area is $131,140 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of West Tennessee nonmetropolitan area. See distinct detailed breakdown below.
Is West Tennessee nonmetropolitan area a good place to live for Personal Financial Advisors?
The Cost of Living Index in West Tennessee nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near West Tennessee nonmetropolitan area?
Some top paying nearby cities include Nashville-Davidson--Murfreesboro--Franklin, TN ($145,900) and Clarksville, TN-KY.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 60 employees in the West Tennessee nonmetropolitan area area with a job density of 0.545 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 West Tennessee nonmetropolitan area