The annual salary statistics of personal financial advisors in Portland-South Portland-Biddeford, Maine is shown in Table 1. The wage statistics of personal financial advisors in Portland-South Portland-Biddeford 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 | $46,010 |
| 25th Percentile Wage | $78,060 |
| 50th Percentile Wage | $127,000 |
| 75th Percentile Wage | $168,270 |
| 90th Percentile Wage | $197,260 |
Table 1 shows the average annual salary for personal financial advisors in Portland-South Portland-Biddeford, Maine in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $197,260. The median (50th percentile) annual salary is $127,000. The average annual salary for the bottom 10 percent earners is $46,010.
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 | $127,000 | -6.13% | 48.01% |
| 2021 | $134,780 | 0.42% | - |
| 2020 | $134,220 | 13.58% | - |
| 2019 | $115,990 | 10.61% | - |
| 2018 | $103,680 | 9.72% | - |
| 2017 | $93,600 | -43.96% | - |
| 2016 | $134,750 | 15.41% | - |
| 2015 | $113,980 | 8.31% | - |
| 2014 | $104,510 | 27.28% | - |
| 2013 | $76,000 | 13.12% | - |
| 2012 | $66,030 | - | - |
From Table 3 we note that with a median annual salary of $127,000, Portland-South Portland-Biddeford is the second highest paying city for personal financial advisors in state of Maine, following the highest paying city Lewiston-Auburn (median annual salary of $134,670). Compared with Lewiston-Auburn, the median annual salary of personal financial advisors in Portland-South Portland-Biddeford is 5.7 percent (5.7%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Lewiston-Auburn | |
| Portland-South Portland-Biddeford | |
| Bangor | |
| Southwest Maine nonmetropolitan area | |
| Northeast Maine nonmetropolitan area |