The annual salary statistics of personal financial advisors in Chicago-Joliet-Naperville (IL-IN-WI Area), Illinois is shown in Table 1. The wage statistics of personal financial advisors in Chicago-Joliet-Naperville (IL-IN-WI 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 | $47,230 |
| 25th Percentile Wage | $59,990 |
| 50th Percentile Wage | $82,720 |
| 75th Percentile Wage | $134,780 |
| 90th Percentile Wage | $180,030 |
Table 1 shows the average annual salary for personal financial advisors in Chicago-Joliet-Naperville (IL-IN-WI Area), Illinois in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $180,030. The median (50th percentile) annual salary is $82,720. The average annual salary for the bottom 10 percent earners is $47,230.
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 | $82,720 | -19.55% | 15.62% |
| 2021 | $98,890 | 0.74% | - |
| 2020 | $98,160 | -16.61% | - |
| 2019 | $114,460 | 18.55% | - |
| 2018 | $93,230 | 7.72% | - |
| 2017 | $86,030 | 2.64% | - |
| 2016 | $83,760 | 2.64% | - |
| 2015 | $81,550 | 7.09% | - |
| 2014 | $75,770 | 6.49% | - |
| 2013 | $70,850 | 1.48% | - |
| 2012 | $69,800 | - | - |
From Table 3 we note that the median annual salary of $82,720 in Chicago-Joliet-Naperville (IL-IN-WI Area) is in the middle of salary range for personal financial advisors in state of Illinois. In comparison, the annual salary of personal financial advisors in Chicago-Joliet-Naperville (IL-IN-WI Area) is 4.5 percent (4.5%) lower than that in the highest paying Chicago-Joliet-Naperville (IL Metropolitan Division) and 47.1 percent (47.1%) higher than that in the lowest paying Bloomington-Normal.
| Cities/Areas | Median Annual Salary |
|---|---|
| Chicago-Joliet-Naperville (IL Metropolitan Division) | |
| Kankakee-Bradley | |
| Chicago-Joliet-Naperville (IL-IN-WI Area) | |
| West Central Illinois nonmetropolitan area | |
| Champaign-Urbana | |
| Rockford | |
| Springfield | |
| Peoria | |
| Decatur | |
| Bloomington | |
| South Illinois nonmetropolitan area | |
| Carbondale-Marion | |
| Northwest Illinois nonmetropolitan area | |
| East Central Illinois nonmetropolitan area | |
| Bloomington-Normal |