Financial Advisor Salary in Durham, NC
How much does a financial advisor make in Durham? Explore median, entry-level, and senior salaries adjusted for Durham's cost of living.
Salary Breakdown by Experience Level
See how financial advisor salaries break down across different pay periods in Durham.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $35,622 | $61,530 | $87,438 |
| Monthly | $2,969 | $5,128 | $7,287 |
| Biweekly | $1,370 | $2,367 | $3,363 |
| Weekly | $685 | $1,183 | $1,682 |
| Hourly | $17 | $30 | $42 |
Durham vs National Average
How Durham's financial advisor salaries compare to national figures.
Cost of Living in Durham
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
Compare Cities: Financial Advisor Salary
See Financial Advisor salaries in other top cities.
Financial Tools to Explore
Use these Pulsafi calculators to understand your finances based on a financial advisor salary in Durham.
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Cost of Living Calculator
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Rent vs Buy Calculator
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Financial Advisor Salary in Durham, NC — Complete Guide
Median Salary Overview
The median salary for a financial advisor in Durham, NC is $61,530 per year, adjusted for the local cost of living index of 112. This figure reflects typical earnings for experienced professionals in this role, considering Durham's unique economic conditions.
Salary Range and Experience Levels
Entry-level financial advisor professionals in Durham can expect to earn around $35,622 annually. As professionals gain experience, salaries typically increase, with senior-level financial advisors earning approximately $87,438 per year. This represents a 145% increase from entry to senior level.
Cost of Living Adjustment
Durham's cost of living index of 112 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Durham 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 Durham typically goes toward housing. With a 1-bedroom apartment averaging $1,650 per month, housing represents about 32.2% 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 Durham, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.