Michigan ranks 21st of 47 states and D.C. for personal financial advisors pay, trailing top-paying New York ($167,970) by $69,140 — a 70% gap.
Personal Financial Advisors are less concentrated in Michigan than the U.S. average — a location quotient of 0.78 means the occupation's share of local jobs is 1.28× below the national share.
Michigan employs roughly 2.2% of all personal financial advisors in the country (6,030 workers).
Salary Range: 10th to 90th Percentile
Full Percentile Breakdown
| Percentile | Annual Wage | Hourly Wage |
|---|---|---|
| 10th percentile (entry-level) | $45,980 | $22.11 |
| 25th percentile | $59,770 | $28.74 |
| 50th percentile (median) | $98,830 | $47.52 |
| 75th percentile | $170,570 | $82.01 |
| 90th percentile (top earners) | N/A | N/A |
| Mean (average) | $144,370 | $69.41 |
How Michigan Compares
| State | Median Annual | vs. Michigan |
|---|---|---|
| Michigan (current) | $98,830 | n/a |
| New York | $167,970 | +70% |
| Idaho | $136,440 | +38% |
| California | $128,650 | +30% |
| Delaware | $128,170 | +30% |
| New Jersey | $123,690 | +25% |
| South Dakota | $123,380 | +25% |
| Maryland | $122,510 | +24% |
| Wisconsin | $115,680 | +17% |
Showing top-paying states with available data. View all states →
Related Occupations in Michigan
| Occupation | Median Annual | Employment |
|---|---|---|
| Facilities Managers | $98,760 | 4,320 |
| Physical Therapists | $98,960 | 7,800 |
| First-Line Supervisors of Police and Detectives | $99,130 | 3,100 |
| Software Quality Assurance Analysts and Testers | $98,310 | 3,500 |
| Transportation, Storage, and Distribution Managers | $98,240 | 8,020 |
| Data Scientists | $99,470 | 6,450 |
Frequently Asked Questions
What is the average Personal Financial Advisors salary in Michigan?
The mean personal financial advisors salary in Michigan is $144,370 per year. The median (middle) salary is $98,830 per year.
What is the starting salary for a Personal Financial Advisors in Michigan?
Entry-level personal financial advisorss (10th percentile) in Michigan typically earn around $45,980 per year. Workers at the 25th percentile earn approximately $59,770 per year.
What is the highest Personal Financial Advisors salary in Michigan?
Top earners (90th percentile) in this occupation in Michigan make approximately N/A per year. Those in the 75th percentile earn around $170,570 per year.
How does the Michigan Personal Financial Advisors salary compare to the national average?
The median personal financial advisors salary in Michigan is $98,830, which is -3% below national average of $102,140.