Personal Financial Advisors Salary in Elkhart-Goshen, IN
The median pay for a personal financial advisors in Elkhart-Goshen, IN is $101,340/year ($48.72/hour), per BLS data. Entry-level workers start around $46K. (BLS did not publish a top-end figure for this area.) Cost of living is below average (RPP 90.33), which stretches that salary to about $112,189 in buying power. Rent on a 2-bedroom averages $1,183/month, or 18.1% of estimated take-home pay.
AffordMap analysis of BLS Occupational Employment and Wage Statistics (latest release, May 2024)
So what does $101K get you in Elkhart-Goshen?
About personal financial advisors
Compensation breakdown
Annual earnings by percentile, Elkhart-Goshen, IN
Entry-level personal financial advisors (10th percentile) start around $46K. Mid-career wages sit at $101K.BLS did not publish 90th percentile data for this occupation in this area (sample size too small).
Personal Financial Advisors pay across states
Median income ranked highest to lowest, compared to the national figure
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| New York | $168K | +64% | 28,820 |
| Idaho | $136K | +34% | 930 |
| California | $129K | +26% | 34,070 |
| Delaware | $128K | +25% | 600 |
| New Jersey | $124K | +21% | 6,830 |
| South Dakota | $123K | +21% | 500 |
| Maryland | $123K | +20% | 5,560 |
| Wisconsin | $116K | +13% | 5,240 |
| Washington | $112K | +10% | 6,510 |
| Connecticut | $107K | +5% | 3,990 |
| Illinois | $104K | +2% | 10,410 |
| Pennsylvania | $103K | +1% | 12,370 |
| Indiana | $102K | -0% | 5,370 |
| Massachusetts | $101K | -1% | 7,410 |
| Rhode Island | $101K | -1% | 1,290 |
Track personal financial advisors salary changes
BLS updates this data quarterly. We'll email you when Elkhart-Goshen numbers change.
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Frequently asked questions
How much do personal financial advisors make in Elkhart-Goshen, IN?
The median is $101,340 a year - that works out to about $48.72 an hour. The range is wide: entry-level workers start around $46,000. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $101K enough to live in Elkhart-Goshen?
On that salary, you'd take home roughly $6,382/month after taxes. A 2-bedroom here rents for about $1,183/month (HUD Fair Market Rent), which eats 18.5% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a personal financial advisors salary go in Elkhart-Goshen?
Elkhart-Goshen has a Regional Price Parity of 90.33 (100 is the national average). That's below average - your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median personal financial advisors salary is worth about $112,189 in national-average purchasing power.
Where do personal financial advisors get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.