The annual salary statistics of personal financial advisors in Nashville-Davidson--Murfreesboro--Franklin, Tennessee is shown in Table 1. The wage data of personal financial advisors in Nashville-Davidson--Murfreesboro--Franklin 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 | $41,500 |
| 25th Percentile Wage | $60,190 |
| 50th Percentile Wage | $77,880 |
| 75th Percentile Wage | $135,160 |
| 90th Percentile Wage | $218,900 |
Table 1 shows the average annual salary for personal financial advisors in Nashville-Davidson--Murfreesboro--Franklin, Tennessee in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $218,900. The median (50th percentile) annual salary is $77,880. The average annual salary for the bottom 10 percent earners is $41,500.
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 | $77,880 | -4.24% | 5.61% |
| 2021 | $81,180 | 4.14% | - |
| 2020 | $77,820 | 17.27% | - |
| 2019 | $64,380 | -3.77% | - |
| 2018 | $66,810 | -8.94% | - |
| 2017 | $72,780 | -13.88% | - |
| 2016 | $82,880 | -11.72% | - |
| 2015 | $92,590 | -4.70% | - |
| 2014 | $96,940 | -9.25% | - |
| 2013 | $105,910 | 30.59% | - |
| 2012 | $73,510 | - | - |
From Table 3 we note that with a median annual salary of $77,880, Nashville-Davidson--Murfreesboro--Franklin is the highest paying city for personal financial advisors in state of Tennessee, followed by Chattanooga (median annual salary $76,810). In comparison, the median annual salary of personal financial advisors in Nashville-Davidson--Murfreesboro--Franklin is 1.4 percent (1.4%) higher than that in Chattanooga.
| Cities/Areas | Median Annual Salary |
|---|---|
| Nashville-Davidson--Murfreesboro--Franklin | |
| Chattanooga | |
| Johnson City | |
| North Central Tennessee nonmetropolitan area | |
| Clarksville | |
| Memphis | |
| Knoxville | |
| South Central Tennessee nonmetropolitan area | |
| Eastern Tennessee nonmetropolitan area | |
| Western Tennessee nonmetropolitan area | |
| Jackson |