The annual salary statistics of personal financial advisors in Reno-Sparks, Nevada is shown in Table 1. The wage information of personal financial advisors in Reno-Sparks 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 | $56,470 |
| 50th Percentile Wage | $68,600 |
| 75th Percentile Wage | $129,930 |
| 90th Percentile Wage | No Data |
Table 1 shows the average annual salary for personal financial advisors in Reno-Sparks, Nevada in 5 percentile scales. The average annual salary for the 75th percentile (the top 25 percent of the highest paid) is $129,930. The median (50th percentile) annual salary is $68,600. 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 | $68,600 | -3.70% | 19.68% |
| 2020 | $71,140 | -14.49% | - |
| 2019 | $81,450 | -10.87% | - |
| 2018 | $90,300 | 3.21% | - |
| 2017 | $87,400 | -41.76% | - |
| 2016 | $123,900 | 32.41% | - |
| 2015 | $83,740 | -16.61% | - |
| 2014 | $97,650 | -6.59% | - |
| 2013 | $104,090 | 47.07% | - |
| 2012 | $55,100 | - | - |
From Table 3 we note that with a median annual salary of $68,600, Reno-Sparks is the lowest paying city for personal financial advisors in state of Nevada, following city of Las Vegas-Paradise (median annual salary of $100,130). In comparison, the median annual salary of personal financial advisors in Reno-Sparks is 31.5 percent (31.5%) lower than that in the highest paying city Las Vegas-Paradise.
| Cities/Areas | Median Annual Salary |
|---|---|
| Las Vegas-Paradise | |
| Nevada nonmetropolitan area | |
| Reno-Sparks |