Personal Financial Advisor salary in Michigan
Personal Financial Advisors in Michigan earn a median of $77,930 a year ($37.47 an hour), based on BLS data for 6,570 workers.
Pay ranges from $44,780 for the lowest-paid 10% to $288,860 for the top 10%. That is 26% lower than the national median of $105,070. Michigan ranks 42nd of 49 states for personal financial advisors pay. There are 1.5 personal financial advisors per 1,000 jobs here — close to the national average. The average (mean) salary is $121,890, above the median because a few high earners pull it up.
Pay range for personal financial advisors in Michigan
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $44,780 | $21.53 |
| 25th percentile | $49,570 | $23.83 |
| Median | $77,930 | $37.47 |
| 75th percentile | $138,640 | $66.65 |
| 90th percentile (top earners) | $288,860 | $138.87 |
| Average (mean) | $121,890 | $58.60 |
Half of personal financial advisors earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $6,494.17 |
| Semi-monthly (24 a year) | $3,247.08 |
| Biweekly (26 a year) | $2,997.31 |
| Weekly | $1,498.65 |
| Hourly | $37.47 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Personal Financial Advisor salary in cities in Michigan
| Metro area | Median salary | Workers |
|---|---|---|
| Muskegon-Norton Shores, MI | $159,990 | 100 |
| Jackson, MI | $111,990 | 40 |
| Monroe, MI | $98,090 | 70 |
| Flint, MI | $96,140 | 160 |
| Ann Arbor, MI | $95,840 | 320 |
| Grand Rapids-Wyoming-Kentwood, MI | $89,410 | 840 |
| Traverse City, MI | $88,100 | 130 |
| Lansing-East Lansing, MI | $86,220 | 210 |
| Niles, MI | $82,780 | 60 |
| Kalamazoo-Portage, MI | $77,890 | 230 |
| Detroit-Warren-Dearborn, MI | $76,830 | 3,430 |
| South Bend-Mishawaka, IN-MI | $74,510 | 220 |
| Saginaw, MI | $71,560 | 110 |
| Battle Creek, MI | $54,470 | 30 |
Highest-paying states for personal financial advisors
| State | Median salary |
|---|---|
| New York | $166,400 |
| New Jersey | $158,570 |
| California | $130,330 |
| Connecticut | $129,720 |
| South Dakota | $128,720 |
| Massachusetts | $125,670 |
| Delaware | $125,050 |
| Oregon | $122,830 |
| Illinois | $120,130 |
| Wisconsin | $119,430 |
Related jobs in Michigan
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $78,820 | $37.89 |
| Loan Officer | $74,470 | $35.80 |
| Financial and Investment Analysts | $95,420 | $45.88 |
| Financial Specialists, All Other | $75,040 | $36.08 |
| Insurance Underwriter | $77,380 | $37.20 |
| Property Appraisers and Assessors | $64,270 | $30.90 |
| Tax Preparer | $46,400 | $22.31 |
| Credit Analyst | $74,640 | $35.89 |
| Credit Counselor | $52,160 | $25.08 |
| Financial Risk Specialist | $103,940 | $49.97 |
| Tax Examiners and Collectors, and Revenue Agents | $63,440 | $30.50 |
| Budget Analyst | $96,430 | $46.36 |
| Financial Examiner | $71,050 | $34.16 |
| Human Resources Specialist | $69,520 | $33.42 |
More: Business and Financial Operations Occupations · all salaries in Michigan
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2052. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a personal financial advisor make in Michigan?
The median salary for personal financial advisors in Michigan is $77,930 a year, or $37.47 an hour. Pay ranges from $44,780 for the lowest-paid 10% to $288,860 for the top 10%.
How much do the highest-paid personal financial advisors make in Michigan?
The top 10% of personal financial advisors in Michigan earn at least $288,860 a year. The top 25% earn $138,640 or more.
What is the starting pay for personal financial advisors in Michigan?
Entry-level pay (the 10th percentile) is about $44,780 a year, and a quarter of personal financial advisors earn $49,570 or less.
How many personal financial advisors work in Michigan?
About 6,570 personal financial advisors are employed in Michigan, not counting the self-employed.