Financial Advisor Salary in Winston-Salem, NC
How much does a financial advisor make in Winston-Salem? Explore median, entry-level, and senior salaries adjusted for Winston-Salem's cost of living.
Salary Breakdown by Experience Level
See how financial advisor salaries break down across different pay periods in Winston-Salem.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $34,324 | $59,287 | $84,250 |
| Monthly | $2,860 | $4,941 | $7,021 |
| Biweekly | $1,320 | $2,280 | $3,240 |
| Weekly | $660 | $1,140 | $1,620 |
| Hourly | $17 | $29 | $41 |
Winston-Salem vs National Average
How Winston-Salem's financial advisor salaries compare to national figures.
Cost of Living in Winston-Salem
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 Winston-Salem, NC — Complete Guide
Median Salary Overview
The median salary for a financial advisor in Winston-Salem, NC is $59,287 per year, adjusted for the local cost of living index of 104. This figure reflects typical earnings for experienced professionals in this role, considering Winston-Salem's unique economic conditions.
Salary Range and Experience Levels
Entry-level financial advisor professionals in Winston-Salem can expect to earn around $34,324 annually. As professionals gain experience, salaries typically increase, with senior-level financial advisors earning approximately $84,250 per year. This represents a 145% increase from entry to senior level.
Cost of Living Adjustment
Winston-Salem's cost of living index of 104 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Winston-Salem 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 Winston-Salem typically goes toward housing. With a 1-bedroom apartment averaging $1,400 per month, housing represents about 28.3% 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 Winston-Salem, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.