Average Personal Financial Advisors Salary in Wilmington, NC
Personal Financial Advisors in Wilmington, NC, earn an average annual salary of $158,370. This figure is slightly below the national average of $160,360, indicating a competitive but slightly less lucrative market compared to the broader U.S. The local economic landscape and demand for specialized financial guidance contribute to this compensation level.
Executive Summary
- Average Salary: $158,370 per year.
- Growth Trend: Salaries have shifted 102.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $237,555.
- Outlook: Wilmington, NC, hosts a local workforce of 310 Personal Financial Advisors, with 1.672 jobs per 1,000 workers. The location quotient of 0.95 suggests that the concentration of these professionals is nearly on par with the national average, indicating a stable and consistent demand for their services within the region.
Salary Overview
The average Personal Financial Advisors in Wilmington, NC earns-1.2%below the national average.
$76.1
$3,046
$13,198
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the demand for Personal Financial Advisors has seen steady growth over the past four years, driven by an aging population and increasing financial complexity. This trend likely translates to a commensurate increase in average salaries within Wilmington, NC, reflecting the evolving market dynamics and the rising value placed on expert financial planning.
Personal Financial Advisors Salary Distribution in Wilmington, NC
The career trajectory for Personal Financial Advisors in Wilmington, NC, typically shows significant salary increases with experience. Entry-level positions may start at a lower percentile, but as advisors gain expertise, build client portfolios, and achieve senior status, their earning potential escalates considerably. The widening gap between entry-level and senior-level salaries reflects the value of accumulated knowledge, client trust, and proven performance in this profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,000 | $22.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $118,778 | $57.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $106,960 | $51.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $197,963 | $95.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $237,555 | $114.2 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$158,370
Gross Pay
Real Wage (Purchasing Power)
$158,370
Adjusted for COL (100)
With an average annual salary of $158,370 and a Cost of Living Index of 100, Personal Financial Advisors in Wilmington, NC, find their nominal earnings align perfectly with the national cost of living. This means that the purchasing power of their salary in Wilmington is equivalent to the national average, offering a stable financial foundation for residents.
Job Market Context
310
Total Jobs
1.672
Per 1K Jobs
0.95
Location Quotient
Wilmington, NC has 0.95x 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 0.95 for Personal Financial Advisors in Wilmington, NC, indicates a job market that is closely aligned with the national average in terms of professional concentration. This suggests a healthy, competitive environment where opportunities are available, but the market is not oversaturated, providing a balanced landscape for both job seekers and established professionals.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Myrtle Beach-Conway-North Myrtle Beach, SC Personal Financial Advisors Salary | $152,290↓ 4% | 67 mi |
| Fayetteville, NC Personal Financial Advisors Salary | $139,270↓ 12% | 87 mi |
| Greenville, NC Personal Financial Advisors Salary | $112,630↓ 29% | 100 mi |
Comparing salaries near Wilmington, NC
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Wilmington, NC?
The median annual salary for a Personal Financial Advisors in Wilmington, NC is $158,370. This typically ranges from $46,000 for entry-level positions to $237,555 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Wilmington, NC is 1.2% lower than the national median of $160,360.
Is Wilmington, NC a lucrative place for Personal Financial Advisors?
Yes, Wilmington, NC offers a competitive salary for Personal Financial Advisors.The average salary of $158,370 is strong, and with a Cost of Living Index of 100, the purchasing power is equivalent to the national average, making it financially attractive.
Is Wilmington, NC a good place to live for Personal Financial Advisors?
The Cost of Living Index in Wilmington, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Wilmington, NC?
Some top paying nearby cities include Myrtle Beach-Conway-North Myrtle Beach, SC ($152,290) and Fayetteville, NC.
How does Wilmington's Personal Financial Advisor salary compare to the national average?
Personal Financial Advisors in Wilmington, NC, earn an average of $158,370 annually, which is slightly below the national average of $160,360.
What is the concentration of Personal Financial Advisors in Wilmington, NC?
Wilmington, NC has a location quotient of 0.95 for Personal Financial Advisors, indicating a concentration very close to the national average.
How does the cost of living in Wilmington, NC affect salary perception?
Wilmington, NC has a Cost of Living Index of 100, meaning the $158,370 salary has the same purchasing power as the national average salary.
What is the total number of Personal Financial Advisors in Wilmington, NC?
There are approximately 310 Personal Financial Advisors employed in Wilmington, NC.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 310 employees in the Wilmington, NC area with a job density of 1.672 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 Wilmington, NC