The annual salary statistics of personal financial advisors in Southeast Iowa nonmetropolitan area, Iowa is shown in Table 1. The wage information of personal financial advisors in Southeast Iowa nonmetropolitan area 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 | $37,540 |
| 25th Percentile Wage | $45,500 |
| 50th Percentile Wage | $61,240 |
| 75th Percentile Wage | $122,250 |
| 90th Percentile Wage | $213,510 |
Table 1 shows the average annual salary for personal financial advisors in Southeast Iowa nonmetropolitan area, Iowa in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $213,510. The median (50th percentile) annual salary is $61,240. The average annual salary for the bottom 10 percent earners is $37,540.
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 | $61,240 | -25.29% | 9.96% |
| 2021 | $76,730 | 9.28% | - |
| 2020 | $69,610 | 4.57% | - |
| 2019 | $66,430 | 14.14% | - |
| 2018 | $57,040 | -3.65% | - |
| 2017 | $59,120 | 1.35% | - |
| 2016 | $58,320 | -0.82% | - |
| 2015 | $58,800 | -2.65% | - |
| 2014 | $60,360 | 8.65% | - |
| 2012 | $55,140 | - | - |
From Table 3 we note that with a median annual salary of $61,240, Southeast Iowa nonmetropolitan area is the lowest paying city for personal financial advisors in state of Iowa, following city of Waterloo-Cedar Falls (median annual salary of $100,990). In comparison, the median annual salary of personal financial advisors in Southeast Iowa nonmetropolitan area is 39.4 percent (39.4%) lower than that in the highest paying city Waterloo-Cedar Falls.
| 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 |