The annual salary statistics of personal financial advisors in Provo-Orem, Utah is shown in Table 1. The wage statistics of personal financial advisors in Provo-Orem 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 | $44,340 |
| 25th Percentile Wage | $50,970 |
| 50th Percentile Wage | $54,090 |
| 75th Percentile Wage | $78,920 |
| 90th Percentile Wage | $157,800 |
Table 1 shows the average annual salary for personal financial advisors in Provo-Orem, Utah in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $157,800. The median (50th percentile) annual salary is $54,090. The average annual salary for the bottom 10 percent earners is $44,340.
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 | $54,090 | 5.23% | -1.44% |
| 2021 | $51,260 | -5.19% | - |
| 2020 | $53,920 | -66.62% | - |
| 2019 | $89,840 | 6.43% | - |
| 2018 | $84,060 | 13.35% | - |
| 2017 | $72,840 | 11.45% | - |
| 2016 | $64,500 | 14.85% | - |
| 2015 | $54,920 | -6.90% | - |
| 2014 | $58,710 | -14.39% | - |
| 2013 | $67,160 | 18.30% | - |
| 2012 | $54,870 | - | - |
From Table 3 we note that the median annual salary of $54,090 in Provo-Orem is in the middle of salary range for personal financial advisors in state of Utah. In comparison, the annual salary of personal financial advisors in Provo-Orem is 30.1 percent (30.1%) lower than that in the highest paying St George and 24.7 percent (24.7%) higher than that in the lowest paying Eastern Utah nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| St George | |
| Ogden-Clearfield | |
| Salt Lake City | |
| Provo-Orem | |
| Logan | |
| Eastern Utah nonmetropolitan area |