The annual salary statistics of personal financial advisors in Lexington-Fayette, Kentucky is shown in Table 1. The wage data of personal financial advisors in Lexington-Fayette 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 | $46,350 |
| 25th Percentile Wage | $58,660 |
| 50th Percentile Wage | $77,860 |
| 75th Percentile Wage | $162,910 |
| 90th Percentile Wage | $197,060 |
Table 1 shows the average annual salary for personal financial advisors in Lexington-Fayette, Kentucky in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $197,060. The median (50th percentile) annual salary is $77,860. The average annual salary for the bottom 10 percent earners is $46,350.
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 | $77,860 | -7.39% | 42.49% |
| 2021 | $83,610 | 16.76% | - |
| 2020 | $69,600 | 7.26% | - |
| 2019 | $64,550 | 6.68% | - |
| 2018 | $60,240 | -5.36% | - |
| 2017 | $63,470 | -18.51% | - |
| 2016 | $75,220 | 1.10% | - |
| 2015 | $74,390 | 10.11% | - |
| 2014 | $66,870 | 33.03% | - |
| 2012 | $44,780 | - | - |
From Table 3 we note that the median annual salary of $77,860 in Lexington-Fayette is in the middle of salary range for personal financial advisors in state of Kentucky. In comparison, the annual salary of personal financial advisors in Lexington-Fayette is 6.7 percent (6.7%) lower than that in the highest paying Louisville-Jefferson County and 22.1 percent (22.1%) higher than that in the lowest paying East Kentucky nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Louisville-Jefferson County | |
| Elizabethtown | |
| Lexington-Fayette | |
| South Central Kentucky nonmetropolitan area | |
| West Kentucky nonmetropolitan area | |
| West Central Kentucky nonmetropolitan area | |
| Owensboro | |
| Bowling Green | |
| Evansville | |
| East Kentucky nonmetropolitan area |