The annual salary statistics of personal financial advisors in Palm Bay-Melbourne-Titusville, Florida is shown in Table 1. The wage data of personal financial advisors in Palm Bay-Melbourne-Titusville 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 | $30,570 |
| 25th Percentile Wage | $40,390 |
| 50th Percentile Wage | $52,050 |
| 75th Percentile Wage | $95,440 |
| 90th Percentile Wage | $193,470 |
Table 1 shows the average annual salary for personal financial advisors in Palm Bay-Melbourne-Titusville, Florida in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $193,470. The median (50th percentile) annual salary is $52,050. The average annual salary for the bottom 10 percent earners is $30,570.
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 | $52,050 | 4.13% | -18.83% |
| 2021 | $49,900 | -82.75% | - |
| 2018 | $91,190 | -2.53% | - |
| 2017 | $93,500 | -23.02% | - |
| 2016 | $115,020 | -11.89% | - |
| 2015 | $128,700 | 25.58% | - |
| 2014 | $95,780 | 17.01% | - |
| 2013 | $79,490 | 22.19% | - |
| 2012 | $61,850 | - | - |
From Table 3 we note that the median annual salary of $52,050 in Palm Bay-Melbourne-Titusville is in the middle of salary range for personal financial advisors in state of Florida. In comparison, the annual salary of personal financial advisors in Palm Bay-Melbourne-Titusville is 53.6 percent (53.6%) lower than that in the highest paying West Palm Beach-Boca Raton-Boynton Beach and .7 percent (.7%) higher than that in the lowest paying Sebring.