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Average Personal Financial Advisors Salary in Wichita, KS

Personal Financial Advisors in Wichita, KS, earn an impressive average annual salary of $164,200. This figure slightly surpasses the national average of $160,360, indicating a stable demand for financial expertise within the region. The local economic landscape and the specific needs of Wichita's population likely contribute to this competitive compensation.

Executive Summary

  • Average Salary: $164,200 per year.
  • Growth Trend: Salaries have shifted 35.6% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $246,300.
  • Outlook: With a local workforce of 440 Personal Financial Advisors and a Location Quotient of 0.81, Wichita presents a moderately concentrated job market. While not exceeding the national average concentration, the presence of a substantial number of professionals suggests a consistent need for their services, indicating a robust and stable job market for those in this field.
2024 Market Data

Salary Overview

$164,200

The average Personal Financial Advisors in Wichita, KS earns+2.4%above the national average.

BreakdownBased on 40h/week
Hourly

$78.9

Weekly

$3,158

Monthly

$13,683

Personal Financial Advisors Salary Distribution in Wichita, KS

The career trajectory for Personal Financial Advisors in Wichita, KS, typically involves significant salary growth with experience. Entry-level positions may start at a lower percentile, but as advisors gain expertise, build client portfolios, and achieve higher performance metrics, their earnings can ascend to the upper percentiles. These percentile gaps clearly signify the substantial career progression and earning potential available.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$49,990$24
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$123,150$59.2
ManagerOversees team, compliance, and project delivery.50% (Median)$96,920$46.6
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$205,250$98.7
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$246,300$118.4

Detailed Personal Financial Advisors Market Analysis

Relocation Context

Nominal Salary

$164,200

Gross Pay

Real Wage (Purchasing Power)

$164,200

Adjusted for COL (100)

A nominal salary of $164,200 in Wichita, KS, is particularly advantageous given the local Cost of Living Index is exactly at the national average of 100. This means that the purchasing power of an advisor's income in Wichita is equivalent to the national average, allowing them to maintain a comparable standard of living without financial strain.

Job Market Context

440

Total Jobs

1.419

Per 1K Jobs

0.81

Location Quotient

Below Average

Wichita, KS has 0.81x 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.

The Location Quotient of 0.81 for Personal Financial Advisors in Wichita, KS, suggests that the profession is slightly less concentrated than the national average. This indicates a healthy job market where demand is present but not oversaturated, potentially offering good opportunities for skilled professionals without intense competition.

Nearby Job Markets

Nearby Cities for Personal Financial Advisors

CitySalaryDist.
Kansas nonmetropolitan area Personal Financial Advisors Salary$179,010↑ 9%67 mi

Comparing salaries near Wichita, KS

Hiring Personal Financial Advisorss?

Frequently Asked Questions

How much does a Personal Financial Advisors make in Wichita, KS?

The median annual salary for a Personal Financial Advisors in Wichita, KS is $164,200. This typically ranges from $49,990 for entry-level positions to $246,300 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Wichita, KS is 2.4% higher than the national median of $160,360.

Is Wichita, KS a lucrative place for Personal Financial Advisors?

Yes, Wichita, KS offers a lucrative environment for Personal Financial Advisors.The average salary of $164,200 is higher than the national average, and the cost of living is on par with the national average, enhancing earning potential.

Is Wichita, KS a good place to live for Personal Financial Advisors?

The Cost of Living Index in Wichita, KS is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Wichita, KS?

Some top paying nearby cities include Kansas nonmetropolitan area ($179,010) and others.

How does Wichita's Personal Financial Advisor salary compare to the national average?

Personal Financial Advisors in Wichita, KS, earn an average of $164,200 annually, which is slightly above the national average of $160,360.

What is the concentration of Personal Financial Advisors in Wichita, KS?

The concentration, measured by the Location Quotient, is 0.81, indicating that the presence of Personal Financial Advisors in Wichita is slightly below the national average.

How does the cost of living in Wichita affect salary perception?

With a Cost of Living Index of 100, Wichita's cost of living matches the national average, meaning the $164,200 salary offers average purchasing power.

What is the total number of Personal Financial Advisors in Wichita, KS?

There are approximately 440 Personal Financial Advisors employed in the Wichita, KS area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 440 employees in the Wichita, KS area with a job density of 1.419 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Personal Financial Advisors • Data source: BLS OEWS 2024 •Jobs in Wichita, KS