Personal Financial Advisor Salary in Michigan
Personal Financial Advisors in Michigan earn an average of $93,693 per year across 1 metro area. This is +5.9% lower than the national average.
Average Salary
$93,693
per year
Hourly Rate
$45.04
per hour
vs National
-5.9%
$99,580 national
Salary Range
$62,991
to $130,816
Cost of Living Adjusted Salary
Nominal Salary
$93,693
Cost of Living Index
91
100 = national average
Adjusted Salary
$102,959
purchasing power equivalent
After adjusting for Michigan's cost of living (below average), a Personal Financial Advisor's salary of $93,693 has the purchasing power of $102,959 in an average-cost area.
Personal Financial Advisor Salary by City in Michigan
| City | Median Salary | Hourly Rate | Entry Level (P10) | Senior (P90) | Employment |
|---|---|---|---|---|---|
| Detroit, MI | $93,693 | $45.04/hr | $62,991 | $130,816 | 188 |
Source: Bureau of Labor Statistics OEWS Survey, 2026. Sorted by median salary (highest first).
Michigan vs National Average
Personal Financial Advisor Salary Comparison
Employment in Michigan
There are approximately 188 Personal Financial Advisors employed across 1 metro area in Michigan.
Key Industries: Automotive, Manufacturing, Healthcare
State Income Tax: 4.25% flat rate
Personal Financial Advisor Salary Range in Michigan
Entry Level (10th Percentile)
$62,991
Starting salary for new Personal Financial Advisors
Median (50th Percentile)
$93,693
Mid-career Personal Financial Advisor salary
Senior (90th Percentile)
$130,816
Top earners in the field
Related Occupations in Michigan
Financial Analyst
$95,703
avg in MI
+$2,010 vs Personal Financial Advisor
Management Analyst
$94,055
avg in MI
+$362 vs Personal Financial Advisor
Accountant
$75,710
avg in MI
-$17,983 vs Personal Financial Advisor
Market Research Analyst
$71,399
avg in MI
-$22,294 vs Personal Financial Advisor
Human Resources Specialist
$64,918
avg in MI
-$28,775 vs Personal Financial Advisor
Personal Financial Advisor Salary in Neighboring States
Compare Personal Financial Advisor salaries in Michigan with nearby states to find the best opportunities.
More Personal Financial Advisor Data
More Michigan Data
Frequently Asked Questions
What is the average Personal Financial Advisor salary in Michigan?
The average Personal Financial Advisor salary in Michigan is $93,693 per year ($45.04/hour) based on 2026 data across 1 metro areas. This is 5.9% below the national average of $99,580.
What is the highest paying city for Personal Financial Advisors in Michigan?
Detroit, MI is the highest paying city for Personal Financial Advisors in Michigan, with a median salary of $93,693 per year.
What is the salary range for Personal Financial Advisors in Michigan?
Personal Financial Advisor salaries in Michigan range from $62,991 (entry-level, 10th percentile) to $130,816 (experienced, 90th percentile). The median salary is $93,693 per year.
About This Data
Salary data is sourced from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey. State-level averages are calculated from metro area data within Michigan. Figures represent 2026 estimates and may not reflect all employers or self-employed workers. Cost of living adjustments use regional indices to provide purchasing power context.