The annual salary statistics of personal financial advisors in Daphne-Fairhope-Foley, Alabama is shown in Table 1. The wage statistics of personal financial advisors in Daphne-Fairhope-Foley 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 | $34,890 |
| 25th Percentile Wage | $47,780 |
| 50th Percentile Wage | $67,800 |
| 75th Percentile Wage | $134,050 |
| 90th Percentile Wage | $194,900 |
Table 1 shows the average annual salary for personal financial advisors in Daphne-Fairhope-Foley, Alabama in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $194,900. The median (50th percentile) annual salary is $67,800. The average annual salary for the bottom 10 percent earners is $34,890.
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 | $67,800 | -48.94% | -19.53% |
| 2021 | $100,980 | 22.31% | - |
| 2020 | $78,450 | 10.44% | - |
| 2019 | $70,260 | -3.64% | - |
| 2018 | $72,820 | -9.21% | - |
| 2017 | $79,530 | -1.90% | - |
| 2016 | $81,040 | 5.85% | - |
| 2015 | $76,300 | -6.21% | - |
| 2012 | $81,040 | - | - |
From Table 3 we note that the median annual salary of $67,800 in Daphne-Fairhope-Foley is in the middle of salary range for personal financial advisors in state of Alabama. In comparison, the annual salary of personal financial advisors in Daphne-Fairhope-Foley is 32.8 percent (32.8%) lower than that in the highest paying Northeast Alabama nonmetropolitan area and 27.7 percent (27.7%) higher than that in the lowest paying Florence-Muscle Shoals.
| 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 |