The annual salary statistics of personal financial advisors in Sherman-Denison, Texas is shown in Table 1. The wage statistics of personal financial advisors in Sherman-Denison 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 | $29,970 |
| 25th Percentile Wage | $29,970 |
| 50th Percentile Wage | $46,500 |
| 75th Percentile Wage | $60,370 |
| 90th Percentile Wage | $160,170 |
Table 1 shows the average annual salary for personal financial advisors in Sherman-Denison, Texas in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $160,170. The median (50th percentile) annual salary is $46,500. The average annual salary for the bottom 10 percent earners is $29,970.
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 | $46,500 | -95.76% | -43.33% |
| 2015 | $91,030 | 41.90% | - |
| 2014 | $52,890 | -13.82% | - |
| 2013 | $60,200 | -10.71% | - |
| 2012 | $66,650 | - | - |
From Table 3 we note that the median annual salary of $46,500 in Sherman-Denison 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 Sherman-Denison is 56.6 percent (56.6%) lower than that in the highest paying Dallas-Plano-Irving and 18.6 percent (18.6%) higher than that in the lowest paying Laredo.