The annual salary statistics of personal financial advisors in Lafayette-West Lafayette, Indiana is shown in Table 1. The wage data of personal financial advisors in Lafayette-West Lafayette 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 | $47,370 |
| 25th Percentile Wage | $47,650 |
| 50th Percentile Wage | $63,970 |
| 75th Percentile Wage | $105,210 |
| 90th Percentile Wage | $203,960 |
Table 1 shows the average annual salary for personal financial advisors in Lafayette-West Lafayette, Indiana in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $203,960. The median (50th percentile) annual salary is $63,970. The average annual salary for the bottom 10 percent earners is $47,370.
The table and chart below show the trend of the median salary of personal financial advisors from 2012 to 2021.
| Year | Median Salary | Yearly Growth | 9-Year Growth |
|---|---|---|---|
| 2021 | $63,970 | 7.24% | -2.88% |
| 2020 | $59,340 | 0.94% | - |
| 2019 | $58,780 | 2.82% | - |
| 2018 | $57,120 | -21.67% | - |
| 2017 | $69,500 | 5.31% | - |
| 2016 | $65,810 | 0.00% | - |
| 2012 | $65,810 | - | - |
From Table 3 we note that the median annual salary of $63,970 in Lafayette-West Lafayette 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 Lafayette-West Lafayette is 35.6 percent (35.6%) lower than that in the highest paying Indianapolis-Carmel and 9.4 percent (9.4%) 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 |