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Financial Advisor Salary in Cedar Park, TX

How much does a financial advisor make in Cedar Park? Explore median, entry-level, and senior salaries adjusted for Cedar Park's cost of living.

Median Salary
$95,800
per year in Cedar Park
Entry Level
$55,463
Starting salary
Senior Level
$136,137
Experienced professionals
Cost of Living
104
4% above national avg

Salary Breakdown by Experience Level

See how financial advisor salaries break down across different pay periods in Cedar Park.

PeriodEntry LevelMedianSenior
Annual$55,463$95,800$136,137
Monthly$4,622$7,983$11,345
Biweekly$2,133$3,685$5,236
Weekly$1,067$1,842$2,618
Hourly$27$46$65

Cedar Park vs National Average

How Cedar Park's financial advisor salaries compare to national figures.

Cedar Park Salary
$95,800
COL Index: 104
National Average
$64,780
COL Index: 100
Difference
+$31,020
Higher in Cedar Park

Cost of Living in Cedar Park

1-Bedroom Rent
$1,200
per month
Median Income
$78,821
per year
Population
79,462
residents
Rent % of Income
18.3%
median household
Cost of Living Index: 104 — A score of 100 represents the U.S. average. Salaries in Cedar Park have been adjusted to account for local cost differences.

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

Investment ManagementFinancial PlanningClient CommunicationAnalysis

Growth Rate

Expected job growth: +21% over the next decade

Compare Cities: Financial Advisor Salary

See Financial Advisor salaries in other top cities.

New York, NY
$168,350
+76%
Los Angeles, CA
$121,940
+27%
Chicago, IL
$108,640
+13%
Houston, TX
$81,280
-15%
Phoenix, AZ
$91,490
-4%

Financial Tools to Explore

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Financial Advisor Salary in Cedar Park, TX — Complete Guide

Median Salary Overview

The median salary for a financial advisor in Cedar Park, TX is $95,800 per year, adjusted for the local cost of living index of 104. This figure reflects typical earnings for experienced professionals in this role, considering Cedar Park's unique economic conditions.

Salary Range and Experience Levels

Entry-level financial advisor professionals in Cedar Park can expect to earn around $55,463 annually. As professionals gain experience, salaries typically increase, with senior-level financial advisors earning approximately $136,137 per year. This represents a 145% increase from entry to senior level.

Cost of Living Adjustment

Cedar Park's cost of living index of 104 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Cedar Park 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 Cedar Park typically goes toward housing. With a 1-bedroom apartment averaging $1,200 per month, housing represents about 15.0% 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 Cedar Park, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.

Source: BLS OEWS May 2024Metro-level wage data for this occupation and area
Data source: Salary data on this page are sourced from Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) program May 2024 estimates. Figures are approximate and intended for informational purposes only. Actual salaries may vary based on employer, experience, education, certifications, and local market conditions. This page does not constitute financial or career advice. For the most current wage data, visit bls.gov.