The annual salary statistics of personal financial advisors in Des Moines-West Des Moines, Iowa is shown in Table 1. The wage data of personal financial advisors in Des Moines-West Des Moines 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 | $35,570 |
| 25th Percentile Wage | $37,680 |
| 50th Percentile Wage | $75,990 |
| 75th Percentile Wage | $125,120 |
| 90th Percentile Wage | $197,360 |
Table 1 shows the average annual salary for personal financial advisors in Des Moines-West Des Moines, Iowa in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $197,360. The median (50th percentile) annual salary is $75,990. The average annual salary for the bottom 10 percent earners is $35,570.
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 | $75,990 | -6.62% | 2.00% |
| 2021 | $81,020 | 11.32% | - |
| 2020 | $71,850 | -1.39% | - |
| 2019 | $72,850 | -4.27% | - |
| 2018 | $75,960 | 15.27% | - |
| 2017 | $64,360 | 5.14% | - |
| 2016 | $61,050 | 2.62% | - |
| 2015 | $59,450 | -21.33% | - |
| 2014 | $72,130 | -7.96% | - |
| 2013 | $77,870 | 4.37% | - |
| 2012 | $74,470 | - | - |
From Table 3 we note that the median annual salary of $75,990 in Des Moines-West Des Moines is in the middle of salary range for personal financial advisors in state of Iowa. In comparison, the annual salary of personal financial advisors in Des Moines-West Des Moines is 24.8 percent (24.8%) lower than that in the highest paying Waterloo-Cedar Falls and 19.4 percent (19.4%) higher than that in the lowest paying Southeast Iowa nonmetropolitan area.
| 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 |