Personal Financial Advisors Salary
The median pay for a personal financial advisors in Mississippi is $63,300/year ($30.43/hour), per BLS data. The range runs from $44K at the entry level to $313K for experienced workers. Note: the mean (average) wage is $118K, significantly higher than the median. This typically reflects a mix of employment settings including academic and private practice positions. Cost of living is below average (RPP 88.9), which stretches that salary to about $71,204 in buying power. Rent on a 2-bedroom averages $1,077/month, or 25.9% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across Mississippi. Jump to a metro for precise data:
So what does $63K get you in Mississippi?
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What this looks like in Mississippi
Pay for personal financial advisors in Mississippi runs about 40% below the U.S. median of $105K. Rent runs $1,077/month for a 2-bedroom (HUD FMR), taking 25.9% of the median take-home. That's within the 30% rule, though not by much. Regional Price Parity sits at 88.9 (national = 100), meaning everyday costs run about 11% cheaper here. Your dollar stretches further than the headline salary suggests. Use the affordability calculator above to model your specific situation.
Compensation breakdown
Annual earnings by percentile, Mississippi
Entry-level personal financial advisors (10th percentile) start around $44K. Mid-career wages sit at $63K. Top earners bring in $313K or more, a $269K spread from bottom to top.
Personal Financial Advisors salary by metro in Mississippi
3 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Jackson | $82K | +29% | 300 |
| Hattiesburg | $81K | +27% | 50 |
| Gulfport-Biloxi | $64K | +1% | 80 |
Compare to other states
Track personal financial advisors salary changes
BLS updates this data quarterly. We'll email you when Mississippi numbers change.
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Frequently asked questions
Can a personal financial advisor afford a 2BR apartment alone in Mississippi?
Yes — at the median salary of $63K, rent takes 25.9% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,077/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for personal financial advisors in Mississippi?
The 10th-percentile wage — what new personal financial advisors typically earn — is $44K/year. Take-home on that works out to about $2,633/month. At HUD’s $1,077/month FMR, rent would take 41% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is personal financial advisor a high-paying job in Mississippi?
Local pay runs 40% below the national median — $63K here vs. $105K nationally. Cost of living is 11% below the national average, which narrows that gap in real purchasing power.
How does Mississippi compare to the national average for personal financial advisors?
Mississippi pays $63K median vs. the U.S. average of $105K — that’s -40%. After adjusting for local cost of living (RPP 88.9), the purchasing-power equivalent is $71K — below the national median.
How much do personal financial advisors make in Mississippi?
The median is $63,300 a year, that works out to about $30 an hour. But the range is wide: entry-level workers start around $43,880, and experienced personal financial advisors can clear $312,580. The mean (average) is $117,880, reflecting that some workers earn substantially more. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $63K enough to live in Mississippi?
On that salary, you'd take home roughly $4,160/month after taxes. A 2-bedroom here rents for about $1,077/month, which eats 25.9% 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 Mississippi?
Mississippi has a Regional Price Parity of 88.9 (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 $71,204 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.