The annual salary statistics of personal financial advisors in Florence-Muscle Shoals, Alabama is shown in Table 1. The wage data of personal financial advisors in Florence-Muscle Shoals 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 | $34,390 |
| 25th Percentile Wage | $37,200 |
| 50th Percentile Wage | $48,990 |
| 75th Percentile Wage | $77,930 |
| 90th Percentile Wage | $174,860 |
Table 1 shows the average annual salary for personal financial advisors in Florence-Muscle Shoals, Alabama in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $174,860. The median (50th percentile) annual salary is $48,990. The average annual salary for the bottom 10 percent earners is $34,390.
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 | $48,990 | -96.65% | -68.16% |
| 2021 | $96,340 | 14.49% | - |
| 2016 | $82,380 | -7.68% | - |
| 2015 | $88,710 | 23.26% | - |
| 2014 | $68,080 | -21.00% | - |
| 2012 | $82,380 | - | - |
From Table 3 we note that with a median annual salary of $48,990, Florence-Muscle Shoals is the lowest paying city for personal financial advisors in state of Alabama, following city of Northeast Alabama nonmetropolitan area (median annual salary of $100,900). Also we note that in comparison, the annual salary of personal financial advisors in Florence-Muscle Shoals is about 51.4 percent (51.4%) lower than that of the highest paying city Northeast Alabama nonmetropolitan area.
| 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 |