Financial Advisor salary in Michigan

BLS reports this occupation as "Personal Financial Advisors" (13-2052); every figure on this page is for that BLS occupation.

The median annual wage for financial advisors in Michigan is $77,930, according to the U.S. Bureau of Labor Statistics OEWS May 2025 estimates — below the national median of $105,070. Michigan ranks 42 of 48 states and DC with published data for this occupation.

Median

$77,930

25th percentile

$49,570

75th percentile

$138,640

90th percentile

$288,860

Employment and national comparison

Employment in Michigan	6,570
Mean annual wage in Michigan	$121,890
National median	$105,070
National employment	266,800

Metro areas in Michigan

Detroit, MI: median $76,830

States with similar pay for financial advisors

Alabama: median $77,990
Wyoming: median $77,490
Utah: median $77,390
Alaska: median $78,690
North Dakota: median $76,870
Arkansas: median $79,420

See all states ranked for financial advisors.

Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates; state, metropolitan area and national files from https://www.bls.gov/oes/tables.htm. State estimates are for BLS occupation "Personal Financial Advisors" (13-2052), cross-industry, all ownerships. Retrieved 2026-10-02. Where BLS does not publish a numeric estimate (suppressed, or reported only as at or above $239,200) the value is shown as —.