The annual salary statistics of personal financial advisors in Miami-Miami Beach-Kendall, Florida is shown in Table 1. The wage statistics of personal financial advisors in Miami-Miami Beach-Kendall 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 | $40,530 |
| 25th Percentile Wage | $73,290 |
| 50th Percentile Wage | $108,560 |
| 75th Percentile Wage | $171,310 |
| 90th Percentile Wage | $184,810 |
Table 1 shows the average annual salary for personal financial advisors in Miami-Miami Beach-Kendall, Florida in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $184,810. The median (50th percentile) annual salary is $108,560. The average annual salary for the bottom 10 percent earners is $40,530.
The table and chart below show the trend of the median salary of personal financial advisors from 2012 to 2017.
| Year | Median Salary | Yearly Growth | 5-Year Growth |
|---|---|---|---|
| 2017 | $108,560 | -2.86% | 26.50% |
| 2016 | $111,660 | 5.58% | - |
| 2015 | $105,430 | 3.63% | - |
| 2014 | $101,600 | 6.66% | - |
| 2013 | $94,830 | 15.86% | - |
| 2012 | $79,790 | - | - |
From Table 3 we note that with a median annual salary of $108,560, Miami-Miami Beach-Kendall is the second highest paying city for personal financial advisors in state of Florida, following the highest paying city West Palm Beach-Boca Raton-Boynton Beach (median annual salary of $112,180). Compared with West Palm Beach-Boca Raton-Boynton Beach, the median annual salary of personal financial advisors in Miami-Miami Beach-Kendall is 3.2 percent (3.2%) lower.