The annual salary statistics of personal financial advisors in Birmingham-Hoover, Alabama is shown in Table 1. The wage statistics of personal financial advisors in Birmingham-Hoover is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $45,350 |
| 25th Percentile Wage | $58,540 |
| 50th Percentile Wage | $83,040 |
| 75th Percentile Wage | $142,190 |
| 90th Percentile Wage | $236,100 |
Table 1 shows the average annual salary for personal financial advisors in Birmingham-Hoover, Alabama in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $236,100. The median (50th percentile) annual salary is $83,040. The average annual salary for the bottom 10 percent earners is $45,350.
The table and chart below show the trend of the median salary of personal financial advisors from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $83,040 | -20.54% | 18.20% |
| 2021 | $100,100 | -19.46% | - |
| 2020 | $119,580 | 21.22% | - |
| 2019 | $94,200 | 13.46% | - |
| 2018 | $81,520 | 0.80% | - |
| 2017 | $80,870 | -0.42% | - |
| 2016 | $81,210 | -8.27% | - |
| 2015 | $87,930 | 11.66% | - |
| 2014 | $77,680 | -4.48% | - |
| 2013 | $81,160 | 16.30% | - |
| 2012 | $67,930 | - | - |
From Table 3 we note that with a median annual salary of $83,040, Birmingham-Hoover is the second highest paying city for personal financial advisors in state of Alabama, following the highest paying city Northeast Alabama nonmetropolitan area (median annual salary of $100,900). Compared with Northeast Alabama nonmetropolitan area, the median annual salary of personal financial advisors in Birmingham-Hoover is 17.7 percent (17.7%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Northeast Alabama nonmetropolitan area | |
| Birmingham-Hoover | |
| Montgomery | |
| Mobile | |
| Huntsville | |
| Tuscaloosa | |
| Daphne-Fairhope-Foley | |
| Decatur | |
| Dothan | |
| Southwest Alabama nonmetropolitan area | |
| Auburn-Opelika | |
| Florence-Muscle Shoals |