The annual salary statistics of personal financial advisors in Hagerstown-Martinsburg, West Virginia is shown in Table 1. The wage data of personal financial advisors in Hagerstown-Martinsburg 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 | $38,080 |
| 25th Percentile Wage | $51,020 |
| 50th Percentile Wage | $71,950 |
| 75th Percentile Wage | $126,010 |
| 90th Percentile Wage | $103,390 |
Table 1 shows the average annual salary for personal financial advisors in Hagerstown-Martinsburg, West Virginia in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $103,390. The median (50th percentile) annual salary is $71,950. The average annual salary for the bottom 10 percent earners is $38,080.
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 | $71,950 | -1.32% | 40.74% |
| 2021 | $72,900 | -30.05% | - |
| 2020 | $94,810 | -0.66% | - |
| 2019 | $95,440 | 19.34% | - |
| 2018 | $76,980 | -0.03% | - |
| 2017 | $77,000 | 3.01% | - |
| 2016 | $74,680 | 3.33% | - |
| 2015 | $72,190 | 1.70% | - |
| 2014 | $70,960 | 10.40% | - |
| 2013 | $63,580 | 32.93% | - |
| 2012 | $42,640 | - | - |
From Table 3 we note that the median annual salary of $71,950 in Hagerstown-Martinsburg is in the middle of salary range for personal financial advisors in state of West Virginia. In comparison, the annual salary of personal financial advisors in Hagerstown-Martinsburg is 25.2 percent (25.2%) lower than that in the highest paying Washington-Arlington-Alexandria and 43.7 percent (43.7%) higher than that in the lowest paying North Central West Virginia nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Washington-Arlington-Alexandria | |
| Wheeling | |
| Cumberland | |
| Beckley | |
| Hagerstown-Martinsburg | |
| Winchester | |
| Morgantown | |
| Charleston | |
| Huntington-Ashland | |
| Parkersburg-Marietta-Vienna | |
| North Central West Virginia nonmetropolitan area |