The annual salary statistics of personal financial advisors in Waterloo-Cedar Falls, Iowa is shown in Table 1. The wage information of personal financial advisors in Waterloo-Cedar Falls 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 | $39,850 |
| 25th Percentile Wage | $60,730 |
| 50th Percentile Wage | $100,990 |
| 75th Percentile Wage | $183,930 |
| 90th Percentile Wage | $132,460 |
Table 1 shows the average annual salary for personal financial advisors in Waterloo-Cedar Falls, Iowa in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $132,460. The median (50th percentile) annual salary is $100,990. The average annual salary for the bottom 10 percent earners is $39,850.
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 | $100,990 | 20.41% | 60.99% |
| 2021 | $80,380 | 19.52% | - |
| 2020 | $64,690 | 4.10% | - |
| 2019 | $62,040 | 9.82% | - |
| 2018 | $55,950 | -11.71% | - |
| 2017 | $62,500 | 5.87% | - |
| 2015 | $58,830 | 6.66% | - |
| 2014 | $54,910 | 21.02% | - |
| 2013 | $43,370 | 9.15% | - |
| 2012 | $39,400 | - | - |
From Table 3 we note that with a median annual salary of $100,990, Waterloo-Cedar Falls is the highest paying city for personal financial advisors in state of Iowa, followed by Davenport-Moline-Rock Island (median annual salary $92,330). In comparison, the median annual salary of personal financial advisors in Waterloo-Cedar Falls is 8.6 percent (8.6%) higher than that in Davenport-Moline-Rock Island.
| 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 |