Personal Financial Advisors Salary in Michigan
Personal Financial Advisors in Michigan earn a median annual wage of $77,930 —25.8% below the national median of $105,070. That ranks MI #42 of 49 covered states and territories for this occupation.
Wage distribution
How earnings are spread across workers in this occupation, from the 10th to the 90th percentile.
Employment concentration (0.87×) is close to the national average.
Highest-paying states for personal financial advisors
All 49 states ranked by median annual wage. Michigan is highlighted.
| # | State | Median annual | Median hourly | Employment | Location quotient |
|---|---|---|---|---|---|
| 1 | New York | $166,400 | $80.00 | 21,550 | 1.30 |
| 2 | New Jersey | $158,570 | $76.24 | 9,300 | 1.27 |
| 3 | California | $130,330 | $62.66 | 32,200 | 1.03 |
| 4 | Connecticut | $129,720 | $62.36 | — | — |
| 5 | South Dakota | $128,720 | $61.89 | 620 | 0.79 |
| 6 | Massachusetts | $125,670 | $60.42 | — | — |
| 7 | Delaware | $125,050 | $60.12 | — | — |
| 8 | Oregon | $122,830 | $59.05 | 3,070 | 0.91 |
| 9 | Illinois | $120,130 | $57.75 | 9,760 | 0.93 |
| 10 | Wisconsin | $119,430 | $57.42 | 5,200 | 1.03 |
Related occupations in Michigan
Occupations in the same job family, compared within Michigan.
| Occupation | Michigan median | U.S. median |
|---|---|---|
| Accountants and Auditors | $78,820 | $83,680 |
| Business Operations Specialists, All Other | $81,810 | $83,050 |
| Project Management Specialists | $100,970 | $102,320 |
| Human Resources Specialists | $69,520 | $75,940 |
| Market Research Analysts and Marketing Specialists | $66,780 | $78,760 |
| Management Analysts | $93,640 | $101,860 |
Frequently asked questions
How much do personal financial advisors make in Michigan?
The median annual wage for personal financial advisors in Michigan is $77,930, or $37.47 per hour. That is 25.8% below the national median of $105,070.
What is the entry-level personal financial advisors salary in Michigan?
Workers at the 10th percentile earn $44,780 per year ($21.53/hour). The 25th percentile is $49,570.
How many people work as personal financial advisors in Michigan?
About 6,570 people work in this occupation in Michigan, or 1.5 per 1,000 jobs statewide.
Is Michigan a good state for personal financial advisors?
Michigan ranks #42 of 49 states by median wage for this occupation. Employment concentration (0.87x) is close to the national average.
Which state pays personal financial advisors the most?
New York has the highest median wage at $166,400 per year, followed by New Jersey ($158,570) and California ($130,330).