The job outlook for personal financial advisors is promising. According to the Bureau of Labor Statistics, the number of advisory jobs is projected to grow 13% from 2022 to 2032, far outpacing the 3% average forecast for all other occupations.

The potential for high income is also inviting. The median annual salary for advisors as of May was $99,580, the bureau noted.

But other factors also play into compensation for advisors, things such as location, demographics, average annual wages and the strength of an area’s financial services sector.

So if you are looking to break into the industry or to acquire leads from a certain area, SmartAsset has helped you narrow your choices. A recent study by the financial information provider highlighted the states where advisors’ salaries and employment rose or plummeted from 2022 to 2023.

Three states in particular—Washington, Oregon and Nebraska—saw a nearly 10% decline in both advisor employment and income over one year.

“I would really stay away from those states and really focus on a state where things seem to be moving,” said Jaclyn DeJohn, managing editor at SmartAsset. She noted, however, that where an advisor earns the most can change over time.

DeJohn said the best bet if you are an advisor looking for employment would be to focus on states that had growth both in employment and income. This, she said, suggests that “there is a demand that’s not being met.” Five of the states she pointed to had double-digit growth in both areas year-over-year. Three of those states are among the top 10; the other two, Hawaii and Virginia, ranked 17th and 18th.

The study analyzed data from the Bureau of Labor Statistics to rank those 46 states with available data—plus the District of Columbia—according to their percentage change in median income for personal financial advisors between 2022 and 2023. Alabama, Maine, Mississippi and Wyoming did not have median income data available for 2023.

Here are the top 10 states where advisors’ pay grew the most year-over-year, according to SmartAsset:

10. Georgia

2023 median income: $98,330 (+20.3%)
2022 median income: $81,730
2023 number of personal financial advisors: 7,220 (-5.6%)
2022 number of personal financial advisors: 7,650