The annual salary statistics of personal financial advisors in Davenport-Moline-Rock Island, Iowa is shown in Table 1. The wage information of personal financial advisors in Davenport-Moline-Rock Island 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 | $38,980 |
| 25th Percentile Wage | $57,780 |
| 50th Percentile Wage | $92,330 |
| 75th Percentile Wage | $172,390 |
| 90th Percentile Wage | $138,570 |
Table 1 shows the average annual salary for personal financial advisors in Davenport-Moline-Rock Island, Iowa in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $138,570. The median (50th percentile) annual salary is $92,330. The average annual salary for the bottom 10 percent earners is $38,980.
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 | $92,330 | 14.24% | 30.73% |
| 2021 | $79,180 | -0.51% | - |
| 2020 | $79,580 | 0.80% | - |
| 2019 | $78,940 | -8.97% | - |
| 2018 | $86,020 | -8.99% | - |
| 2017 | $93,750 | -0.02% | - |
| 2016 | $93,770 | 1.65% | - |
| 2015 | $92,220 | 12.05% | - |
| 2014 | $81,110 | 7.82% | - |
| 2013 | $74,770 | 14.46% | - |
| 2012 | $63,960 | - | - |
From Table 3 we note that with a median annual salary of $92,330, Davenport-Moline-Rock Island is the second highest paying city for personal financial advisors in state of Iowa, following the highest paying city Waterloo-Cedar Falls (median annual salary of $100,990). Compared with Waterloo-Cedar Falls, the median annual salary of personal financial advisors in Davenport-Moline-Rock Island is 8.6 percent (8.6%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Waterloo-Cedar Falls | |
| Davenport-Moline-Rock Island | |
| Cedar Rapids | |
| Ames | |
| Iowa City | |
| Northeast Iowa nonmetropolitan area | |
| Southwest Iowa nonmetropolitan area | |
| Dubuque | |
| Northwest Iowa nonmetropolitan area | |
| Des Moines-West Des Moines | |
| Southeast Iowa nonmetropolitan area |