The annual salary statistics of personal financial advisors in Elkhart-Goshen, Indiana is shown in Table 1. The wage information of personal financial advisors in Elkhart-Goshen 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 | $40,200 |
| 25th Percentile Wage | $47,710 |
| 50th Percentile Wage | $64,380 |
| 75th Percentile Wage | $137,590 |
| 90th Percentile Wage | $168,480 |
Table 1 shows the average annual salary for personal financial advisors in Elkhart-Goshen, Indiana in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $168,480. The median (50th percentile) annual salary is $64,380. The average annual salary for the bottom 10 percent earners is $40,200.
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 | $64,380 | 3.79% | 25.02% |
| 2021 | $61,940 | -42.90% | - |
| 2018 | $88,510 | -4.26% | - |
| 2017 | $92,280 | 26.44% | - |
| 2013 | $67,880 | 28.89% | - |
| 2012 | $48,270 | - | - |
From Table 3 we note that the median annual salary of $64,380 in Elkhart-Goshen is in the middle of salary range for personal financial advisors in state of Indiana. In comparison, the annual salary of personal financial advisors in Elkhart-Goshen is 35.2 percent (35.2%) lower than that in the highest paying Indianapolis-Carmel and 9.9 percent (9.9%) higher than that in the lowest paying Central Indiana nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Indianapolis-Carmel | |
| Kokomo | |
| Lafayette | |
| Columbus | |
| Muncie | |
| Northern Indiana nonmetropolitan area | |
| Elkhart-Goshen | |
| Lafayette-West Lafayette | |
| Michigan City-La Porte | |
| Southern Indiana nonmetropolitan area | |
| Fort Wayne | |
| Gary | |
| Bloomington | |
| Terre Haute | |
| Central Indiana nonmetropolitan area |