The annual salary statistics of personal financial advisors in Buffalo-Niagara Falls, New York is shown in Table 1. The wage data of personal financial advisors in Buffalo-Niagara Falls 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 | $50,770 |
| 25th Percentile Wage | $75,050 |
| 50th Percentile Wage | $80,290 |
| 75th Percentile Wage | $166,760 |
| 90th Percentile Wage | $180,520 |
Table 1 shows the average annual salary for personal financial advisors in Buffalo-Niagara Falls, New York in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $180,520. The median (50th percentile) annual salary is $80,290. The average annual salary for the bottom 10 percent earners is $50,770.
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 | $80,290 | 2.93% | -41.15% |
| 2021 | $77,940 | -18.92% | - |
| 2020 | $92,690 | -2.58% | - |
| 2019 | $95,080 | -0.84% | - |
| 2018 | $95,880 | -8.34% | - |
| 2017 | $103,880 | -9.10% | - |
| 2016 | $113,330 | 15.86% | - |
| 2015 | $95,360 | 33.76% | - |
| 2014 | $63,170 | 10.05% | - |
| 2013 | $56,820 | -99.45% | - |
| 2012 | $113,330 | - | - |
From Table 3 we note that the median annual salary of $80,290 in Buffalo-Niagara Falls is in the middle of salary range for personal financial advisors in state of New York. In comparison, the annual salary of personal financial advisors in Buffalo-Niagara Falls is 52.2 percent (52.2%) lower than that in the highest paying New York-Northern New Jersey-Long Island and 8.0 percent (8.0%) higher than that in the lowest paying Syracuse.