Personal Financial Advisor salary in Detroit-Warren-Dearborn, MI
Personal Financial Advisors in the Detroit-Warren-Dearborn, MI metro area earn a median of $76,830 a year ($36.94 an hour), based on BLS data for 3,430 workers.
Pay ranges from $45,530 for the lowest-paid 10% to $310,010 for the top 10%. That is 27% lower than the national median of $105,070. Pay here is 1% lower than the Michigan statewide median of $77,930. There are 1.8 personal financial advisors per 1,000 jobs here — close to the national average. The average (mean) salary is $124,230, above the median because a few high earners pull it up.
Pay range for personal financial advisors in Detroit-Warren-Dearborn, MI
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $45,530 | $21.89 |
| 25th percentile | $49,570 | $23.83 |
| Median | $76,830 | $36.94 |
| 75th percentile | $139,990 | $67.30 |
| 90th percentile (top earners) | $310,010 | $149.04 |
| Average (mean) | $124,230 | $59.73 |
Half of personal financial advisors earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $6,402.50 |
| Semi-monthly (24 a year) | $3,201.25 |
| Biweekly (26 a year) | $2,955 |
| Weekly | $1,477.50 |
| Hourly | $36.94 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $76,830 salary, see how much house you can afford in Michigan at today's mortgage rates, or work out a payment with the mortgage calculator.
Personal Financial Advisor salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Muskegon-Norton Shores, MI | $159,990 | 100 |
| Jackson, MI | $111,990 | 40 |
| Monroe, MI | $98,090 | 70 |
| Flint, MI | $96,140 | 160 |
| Ann Arbor, MI | $95,840 | 320 |
| Grand Rapids-Wyoming-Kentwood, MI | $89,410 | 840 |
| Traverse City, MI | $88,100 | 130 |
| Lansing-East Lansing, MI | $86,220 | 210 |
| Niles, MI | $82,780 | 60 |
| Kalamazoo-Portage, MI | $77,890 | 230 |
| South Bend-Mishawaka, IN-MI | $74,510 | 220 |
| Saginaw, MI | $71,560 | 110 |
| Battle Creek, MI | $54,470 | 30 |
Highest-paying states for personal financial advisors
| State | Median salary |
|---|---|
| New York | $166,400 |
| New Jersey | $158,570 |
| California | $130,330 |
| Connecticut | $129,720 |
| South Dakota | $128,720 |
| Massachusetts | $125,670 |
| Delaware | $125,050 |
| Oregon | $122,830 |
| Illinois | $120,130 |
| Wisconsin | $119,430 |
See Personal Financial Advisor pay in every state or the Michigan statewide figures.
Related jobs in Detroit-Warren-Dearborn, MI
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $80,650 | $38.78 |
| Loan Officer | $76,260 | $36.66 |
| Financial and Investment Analysts | $101,550 | $48.82 |
| Financial Specialists, All Other | $79,960 | $38.44 |
| Insurance Underwriter | $80,180 | $38.55 |
| Credit Analyst | $74,640 | $35.89 |
| Tax Preparer | $46,450 | $22.33 |
| Property Appraisers and Assessors | $68,100 | $32.74 |
| Financial Risk Specialist | $105,110 | $50.54 |
| Budget Analyst | $102,080 | $49.08 |
| Credit Counselor | $53,140 | $25.55 |
| Tax Examiners and Collectors, and Revenue Agents | $81,540 | $39.20 |
| Financial Examiner | $75,930 | $36.51 |
| Project Management Specialist | $105,350 | $50.65 |
More: Business and Financial Operations Occupations · all salaries in Detroit-Warren-Dearborn, MI
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2052. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a personal financial advisor make in Detroit-Warren-Dearborn, MI?
The median salary for personal financial advisors in the Detroit-Warren-Dearborn, MI metro area is $76,830 a year, or $36.94 an hour. Pay ranges from $45,530 for the lowest-paid 10% to $310,010 for the top 10%.
How much do the highest-paid personal financial advisors make in Detroit-Warren-Dearborn, MI?
The top 10% of personal financial advisors in the Detroit-Warren-Dearborn, MI metro area earn at least $310,010 a year. The top 25% earn $139,990 or more.
What is the starting pay for personal financial advisors in Detroit-Warren-Dearborn, MI?
Entry-level pay (the 10th percentile) is about $45,530 a year, and a quarter of personal financial advisors earn $49,570 or less.
How many personal financial advisors work in Detroit-Warren-Dearborn, MI?
About 3,430 personal financial advisors are employed in the Detroit-Warren-Dearborn, MI metro area, not counting the self-employed.