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Top Paying Metropolitan Areas for Financial Advisor Profession

Believe it or not, Cheyenne, Wyoming is the metropolitan area that pays its financial advisors the most money—by far. The mean annual wage for personal financial advisors in that area is $171,580. The next four highest metropolitan areas trail far behind: San Francisco ($139,300); New York ($138,680); Worcester, Massachusetts (135,280); and Trenton-Ewing, New Jersey ($129,280).

Bear in mind, however, that we don’t know how many personal financial advisors work in the Cheyenne area. It’s possible that it is only a handful, and they were all well paid. If that’s the case, Cheyenne is probably not the best location for starting your career as a financial advisor because there aren’t many jobs. We do know that the New York metropolitan area had over 20,000 jobs for personal financial advisors in 2008.

This chart displays annual mean salaries for Financial Planners in the U.S. The data was collected by the Bureau of Labor Statistics OES - May 2008.

As you decide on your career path, it is important to consider where you can practice your profession and live the lifestyle you want. As a personal financial advisor you will find more opportunities in urban areas. However, if you have your heart set on being a financial advisor and you long to live a country life, don’t be discouraged. People who live in the country need financial advice. You won’t find as many job openings in the country as in the city, but after all, you just need one. Or you can set yourself up in a business of your own once you get some experience.

Related Charts for Financial Planner Salaries:

Financial Planner Pay Scale - Major Metropolitan Areas

Financial Planner Salaries - Top Paying States

Financial Planner Salary Ranges - Top Paying Industries

The bar graph above shows the cities with the highest financial planner salaries. The data is displayed below in table format: