Financial Advisor Salary in Carmel-by-the-Sea, CA
How much does a financial advisor make in Carmel-by-the-Sea? Explore median, entry-level, and senior salaries adjusted for Carmel-by-the-Sea's cost of living.
Salary Breakdown by Experience Level
See how financial advisor salaries break down across different pay periods in Carmel-by-the-Sea.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $79,208 | $136,815 | $194,422 |
| Monthly | $6,601 | $11,401 | $16,202 |
| Biweekly | $3,046 | $5,262 | $7,478 |
| Weekly | $1,523 | $2,631 | $3,739 |
| Hourly | $38 | $66 | $93 |
Carmel-by-the-Sea vs National Average
How Carmel-by-the-Sea's financial advisor salaries compare to national figures.
Cost of Living in Carmel-by-the-Sea
About Financial Advisor
Overview
Advise clients on investments, retirement planning, and financial goals.
Education
Bachelor's degree in Finance or related field; CFP certification recommended
Key Skills
Growth Rate
Expected job growth: +21% over the next decade
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Financial Advisor Salary in Carmel-by-the-Sea, CA — Complete Guide
Median Salary Overview
The median salary for a financial advisor in Carmel-by-the-Sea, CA is $136,815 per year, adjusted for the local cost of living index of 165. This figure reflects typical earnings for experienced professionals in this role, considering Carmel-by-the-Sea's unique economic conditions.
Salary Range and Experience Levels
Entry-level financial advisor professionals in Carmel-by-the-Sea can expect to earn around $79,208 annually. As professionals gain experience, salaries typically increase, with senior-level financial advisors earning approximately $194,422 per year. This represents a 145% increase from entry to senior level.
Cost of Living Adjustment
Carmel-by-the-Sea's cost of living index of 165 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Carmel-by-the-Sea are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $64,780, the actual purchasing power must be considered in context.
Housing and Affordability
A significant portion of a financial advisor's salary in Carmel-by-the-Sea typically goes toward housing. With a 1-bedroom apartment averaging $2,500 per month, housing represents about 21.9% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.
Career Growth and Opportunities
Financial Advisors are in growing demand across the United States, with an expected job growth of 21% over the next decade. In Carmel-by-the-Sea, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.