How to Become a Personal Financial Advisors in Kentucky
Personal Financial Advisors in Kentucky earn a median salary of $79,100/year, which is 23% below the national average. Kentucky has a state income tax of ~4.0%. After taxes and rent, a personal financial advisors takes home approximately $3,660/month. Most positions require Bachelor's degree.
What a personal financial advisors can afford in Kentucky
Becoming a personal financial advisors in Kentucky
Meet education requirements
Personal Financial Advisors positions in Kentucky typically require Bachelor's degree. Programs are available at colleges and training institutions across Kentucky. Research accredited programs in your area.
Gain required experience
Many personal financial advisors positions in Kentucky require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Kentucky licensure or certification
Kentucky may require specific licensing or professional certification for personal financial advisorss. Requirements vary by state — contact the Kentucky Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Kentucky
Kentucky employs 1,870 personal financial advisors. The highest concentrations are in Louisville/Jefferson County and Lexington-Fayette.
Personal Financial Advisors salary by metro area in Kentucky
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Louisville/Jefferson County | $81K | $39/hr | 710 |
| Lexington-Fayette | $78K | $37.73/hr | 220 |
| Paducah | $68K | $32.6/hr | 30 |
| Bowling Green | $66K | $31.62/hr | 60 |
Personal Financial Advisors salary range in Kentucky
Personal Financial Advisors careers in other states
Frequently asked questions
How much does a personal financial advisors make in Kentucky?▼
The median personal financial advisors salary in Kentucky is $79,100 per year ($38.03/hr). This is 23% below the national median of $102,140. Salaries range from $46,280 to $0.
What are the requirements to become a personal financial advisors in Kentucky?▼
Personal Financial Advisors positions in Kentucky typically require Bachelor's degree. Kentucky may have specific licensing or certification requirements. Check with the Kentucky licensing board or department of labor for current requirements.
Can a personal financial advisors afford to live in Kentucky?▼
At the median salary of $79,100, a personal financial advisors in Kentucky would take home approximately $5,072/month after taxes. With median 2-bedroom rent at $1,412/month, that's 27.8% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for personal financial advisors in Kentucky?▼
The highest paying metro areas for personal financial advisors in Kentucky are Louisville/Jefferson County ($81,110), Lexington-Fayette ($78,470), Paducah ($67,800). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does Kentucky have state income tax for personal financial advisors?▼
Yes, Kentucky has a state income tax rate of approximately 4.0%. On a $79,100 salary, this means roughly $3,164/year in state income tax. Use our take-home pay calculator for a detailed breakdown.