SOC 13-2052 · May 2025 · BLS OEWS
Personal Financial Advisors — Grand Rapids
Grand Rapids-Wyoming-Kentwood, MI · 10 metro areas compared
In Grand Rapids, MI the median wage is $89,410.
Wage distribution · annual
Shaded band holds the middle 50% of earners
How pay has moved
The next ten years
Projected to grow faster than average
- Change in jobs, 2024 to 2034
- +9.6%
- Openings per year
- 24,100
- Typical entry-level education
- Bachelor's degree
- On-the-job training
- Long-term on-the-job training
Includes jobs opened by workers leaving the occupation, not only new positions.
15.8% of people in this occupation work for themselves.
Projections are published nationally only. This is the outlook for the occupation across the United States, not a measurement for Grand Rapids-Wyoming-Kentwood, MI.
Projections are based on 2024 employment and run to 2034. The wages above are from the May 2025 survey, a separate BLS programme on a different release cycle, so the two are not two views of one dataset.
Salary overview
In Grand Rapids, MI the median wage is $89,410. That is 14.9% lower than the national median of $105,070. Pay ranges from under $44,620 at the tenth percentile to more than $244,430 at the ninetieth, with the interquartile range running from $47,310 to $155,430.
The area has 840 jobs in this occupation, giving a location quotient of 0.81 — a measure of how concentrated the occupation is here relative to the country as a whole. Within the state, Muskegon records the highest median at $159,990. Of the 572 occupations with published wages in this area, it sits 93rd.
Percentile breakdown
| Percentile | Annual | vs US median |
|---|---|---|
| 10th | $44,620 | −57.5% |
| 25th | $47,310 | −55.0% |
| Median (50th) | $89,410 | −14.9% |
| 75th | $155,430 | +47.9% |
| 90th | $244,430 | +132.6% |
| Mean | $120,030 | +14.2% |
Other metro areas in Michigan
What the pay is worth locally
Prices in Grand Rapids run 4.5% below the national average, so the median of $89,410 goes as far as $93,623 would elsewhere in the country. Measured that way it compares to the national median at 10.9% below the national median in real terms.
Published median
$89,410as reported by BLSLocal price level
95.5US average = 100 · BEA 2024Adjusted for local prices
$93,623US average = 100 · BEA 2024Why the state that pays most is usually not where pay goes furthest
Key takeaways
- Median pay is $89,410 a year, 14.9% below the national median.
- Published pay spans $44,620 to $244,430 between the tenth and ninetieth percentiles.
- The area has 840 jobs in this occupation.
- The highest-paying metro area covered is Muskegon, at $159,990.
Frequently asked questions
What is the median wage for Personal Financial Advisors in Grand Rapids, MI?
The median annual wage is $89,410, or $42.99 per hour, as of May 2025. Half of the workers in this occupation earn more than that and half earn less.
Is that higher than the national average?
The national median for this occupation is $105,070, so pay in Grand Rapids, MI is 14.9% lower. These figures are medians, not averages: half of workers fall on each side.
What do the top earners make?
The top tenth of this occupation in Grand Rapids, MI earns more than $244,430 per year. The ninetieth percentile is the highest figure the survey publishes.
What is the starting range?
The tenth percentile wage is $44,620 per year. The survey measures wages actually paid rather than experience level, so this reflects the lowest-paid tenth rather than entry-level pay specifically.
Which area nearby pays the most?
The highest median for this occupation among the metro areas covered is in Muskegon, at $159,990 per year.
How many jobs are there in this occupation here?
The survey estimates 840 jobs in this occupation in Grand Rapids, MI. Self-employed workers are not included.
Source and methodology
U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 Wages are for wage-and-salary workers; self-employed workers are not included. Salary Explorer is an independent project. It is not affiliated with, or endorsed by, the U.S. Bureau of Labor Statistics or any government agency. Full methodology.
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