The annual salary statistics of personal financial advisors in Kingsport-Bristol-Bristol, Virginia is shown in Table 1. The wage data of personal financial advisors in Kingsport-Bristol-Bristol 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 | $36,940 |
| 25th Percentile Wage | $49,610 |
| 50th Percentile Wage | $60,990 |
| 75th Percentile Wage | $84,470 |
| 90th Percentile Wage | $159,040 |
Table 1 shows the average annual salary for personal financial advisors in Kingsport-Bristol-Bristol, Virginia in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $159,040. The median (50th percentile) annual salary is $60,990. The average annual salary for the bottom 10 percent earners is $36,940.
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 | $60,990 | -3.39% | 13.99% |
| 2021 | $63,060 | 6.07% | - |
| 2017 | $59,230 | -30.95% | - |
| 2016 | $77,560 | 26.01% | - |
| 2014 | $57,390 | 13.17% | - |
| 2013 | $49,830 | -5.28% | - |
| 2012 | $52,460 | - | - |
From Table 3 we note that the median annual salary of $60,990 in Kingsport-Bristol-Bristol is in the middle of salary range for personal financial advisors in state of Virginia. In comparison, the annual salary of personal financial advisors in Kingsport-Bristol-Bristol is 37.3 percent (37.3%) lower than that in the highest paying Richmond and 38.6 percent (38.6%) higher than that in the lowest paying Northwestern Virginia nonmetropolitan area.