The annual salary statistics of personal financial advisors in Newark-Union, Pennsylvania is shown in Table 1. The wage information of personal financial advisors in Newark-Union 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 | $51,970 |
| 25th Percentile Wage | $62,740 |
| 50th Percentile Wage | $92,370 |
| 75th Percentile Wage | $152,250 |
| 90th Percentile Wage | $186,820 |
Table 1 shows the average annual salary for personal financial advisors in Newark-Union, Pennsylvania in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $186,820. The median (50th percentile) annual salary is $92,370. The average annual salary for the bottom 10 percent earners is $51,970.
The table and chart below show the trend of the median salary of personal financial advisors from 2012 to 2017.
| Year | Median Salary | Yearly Growth | 5-Year Growth |
|---|---|---|---|
| 2017 | $92,370 | -12.68% | 12.35% |
| 2016 | $104,080 | 0.07% | - |
| 2015 | $104,010 | 5.45% | - |
| 2014 | $98,340 | 12.09% | - |
| 2013 | $86,450 | 6.35% | - |
| 2012 | $80,960 | - | - |
From Table 3 we note that the median annual salary of $92,370 in Newark-Union is in the middle of salary range for personal financial advisors in state of Pennsylvania. In comparison, the annual salary of personal financial advisors in Newark-Union is 28.7 percent (28.7%) lower than that in the highest paying Pittsburgh and 33.8 percent (33.8%) higher than that in the lowest paying East Central Pennsylvania nonmetropolitan area.