The annual salary statistics of personal financial advisors in Charlottesville, Virginia is shown in Table 1. The wage statistics of personal financial advisors in Charlottesville 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 | $40,070 |
| 25th Percentile Wage | $57,110 |
| 50th Percentile Wage | $91,540 |
| 75th Percentile Wage | $160,690 |
| 90th Percentile Wage | No Data |
Table 1 shows the average annual salary for personal financial advisors in Charlottesville, Virginia in 5 percentile scales. The average annual salary for the 75th percentile (the top 25 percent of the highest paid) is $160,690. The median (50th percentile) annual salary is $91,540. The average annual salary for the bottom 10 percent earners is $40,070.
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 | $91,540 | -13.11% | 25.73% |
| 2021 | $103,540 | -14.21% | - |
| 2020 | $118,250 | 6.21% | - |
| 2019 | $110,910 | -3.77% | - |
| 2018 | $115,090 | 8.94% | - |
| 2017 | $104,800 | -50.16% | - |
| 2016 | $157,370 | 23.61% | - |
| 2015 | $120,220 | 38.51% | - |
| 2014 | $73,920 | 4.36% | - |
| 2013 | $70,700 | 3.83% | - |
| 2012 | $67,990 | - | - |
From Table 3 we note that with a median annual salary of $91,540, Charlottesville is the second highest paying city for personal financial advisors in state of Virginia, following the highest paying city Richmond (median annual salary of $97,300). Compared with Richmond, the median annual salary of personal financial advisors in Charlottesville is 5.9 percent (5.9%) lower.