The annual salary statistics of personal financial advisors in McAllen-Edinburg-Mission, Texas is shown in Table 1. The wage data of personal financial advisors in McAllen-Edinburg-Mission 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 | $30,020 |
| 25th Percentile Wage | $43,800 |
| 50th Percentile Wage | $64,890 |
| 75th Percentile Wage | $87,620 |
| 90th Percentile Wage | $161,520 |
Table 1 shows the average annual salary for personal financial advisors in McAllen-Edinburg-Mission, Texas in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $161,520. The median (50th percentile) annual salary is $64,890. The average annual salary for the bottom 10 percent earners is $30,020.
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 | $64,890 | 4.81% | 40.11% |
| 2021 | $61,770 | -34.66% | - |
| 2020 | $83,180 | -17.05% | - |
| 2018 | $97,360 | 60.09% | - |
| 2012 | $38,860 | - | - |
From Table 3 we note that the median annual salary of $64,890 in McAllen-Edinburg-Mission is in the middle of salary range for personal financial advisors in state of Texas. In comparison, the annual salary of personal financial advisors in McAllen-Edinburg-Mission is 39.4 percent (39.4%) lower than that in the highest paying Dallas-Plano-Irving and 41.7 percent (41.7%) higher than that in the lowest paying Laredo.