SOC 13-2052 · May 2025 · BLS OEWS
Personal Financial Advisors — Michigan
Michigan · 10 metro areas compared
Median pay in Michigan is $77,930 a year, 25.8% under the national median of $105,070 for this occupation.
Wage distribution · annual
Shaded band holds the middle 50% of earners
Salary overview
Median pay in Michigan is $77,930 a year, 25.8% under the national median of $105,070 for this occupation. Half of workers earn between $49,570 and $138,640. Beyond that band, the tenth percentile sits at $44,780 and the ninetieth at $288,860.
The area has 6,570 jobs in this occupation, giving a location quotient of 0.87 — a measure of how concentrated the occupation is here relative to the country as a whole. Among the 49 states with published data for this occupation, Michigan ranks 42nd by median wage. Muskegon leads the state's metro areas for this occupation, at $159,990. Set against every other occupation measured in the same area, it ranks 214th of 774 by median pay.
Percentile breakdown
| Percentile | Annual | vs US median |
|---|---|---|
| 10th | $44,780 | −57.4% |
| 25th | $49,570 | −52.8% |
| Median (50th) | $77,930 | −25.8% |
| 75th | $138,640 | +32.0% |
| 90th | $288,860 | +174.9% |
| Mean | $121,890 | +16.0% |
Highest-paying metro areas in Michigan
| # | Metro area | Median | Jobs | Relative |
|---|---|---|---|---|
| 1 | Muskegon | $159,990 | 100 | |
| 2 | Jackson | $111,990 | 40 | |
| 3 | Monroe | $98,090 | 70 | |
| 4 | Flint | $96,140 | 160 | |
| 5 | Ann Arbor | $95,840 | 320 | |
| 6 | Grand Rapids | $89,410 | 840 | |
| 7 | Traverse City | $88,100 | 130 | |
| 8 | Lansing | $86,220 | 210 | |
| 9 | Niles | $82,780 | 60 | |
| 10 | Kalamazoo | $77,890 | 230 |
What the pay is worth locally
Prices in Michigan run 3.8% below the national average, so the median of $77,930 goes as far as $81,008 would elsewhere in the country. Measured that way it compares to the national median at 22.9% below the national median in real terms.
Published median
$77,930as reported by BLSLocal price level
96.2US average = 100 · BEA 2024Adjusted for local prices
$81,008US average = 100 · BEA 2024Key takeaways
- Median pay is $77,930 a year, 25.8% below the national median.
- Published pay spans $44,780 to $288,860 between the tenth and ninetieth percentiles.
- The area has 6,570 jobs in this occupation.
- It ranks 42nd of 49 states for 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 Michigan?
The median annual wage is $77,930, or $37.47 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 Michigan is 25.8% 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 Michigan earns more than $288,860 per year. The ninetieth percentile is the highest figure the survey publishes.
What is the starting range?
The tenth percentile wage is $44,780 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 6,570 jobs in this occupation in Michigan. 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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