The average salary for a financial advisor in Michigan is around $77,930 per year.
Avg Salary
Financial advisors earn an average yearly salary of $77,930.
Wages typically start from $44,780 and go up to $288,860.
79% above national average Updated in 2025
Financial advisor earnings by seniority
90th percentile
Top-level financial advisor earnings begin at:
$138.87 per hour
$288,860 per year
75th percentile
Senior-level financial advisor earnings begin at:
$66.65 per hour
$138,640 per year
50th percentile
Mid-level financial advisor earnings begin at:
$37.47 per hour
$77,930 per year
25th percentile
Junior-level financial advisor earnings begin at:
$23.83 per hour
$49,570 per year
10th percentile
Starting level financial advisor earnings begin at:
$21.53 per hour
$44,780 per year
Approximate values based on highest and lowest earning segments.
Financial advisor salary by state
| State Name | Average Salary |
|---|---|
| Missouri | $99,930 |
| Maryland | $99,880 |
| Texas | $99,160 |
| Montana | $97,450 |
| Arizona | $96,950 |
| North Carolina | $96,880 |
| New Hampshire | $96,780 |
| South Carolina | $96,330 |
| Idaho | $94,370 |
| New Mexico | $94,270 |
| Nebraska | $93,280 |
| Nevada | $92,720 |
| Iowa | $92,310 |
| Ohio | $90,990 |
| Colorado | $89,280 |
| Indiana | $87,710 |
| Tennessee | $84,160 |
| Louisiana | $80,540 |
| Rhode Island | $80,200 |
| West Virginia | $80,010 |
| Arkansas | $79,420 |
| Alaska | $78,690 |
| Alabama | $77,990 |
| Michigan | $77,930 |
| Wyoming | $77,490 |
| Utah | $77,390 |
| North Dakota | $76,870 |
| Virgin Islands, U.S. | $76,130 |
| Hawaii | $76,070 |
| Oklahoma | $68,670 |
| Kentucky | $67,150 |
| Mississippi | $63,300 |
| Puerto Rico | $36,820 |
| New York | $166,400 |
| New Jersey | $158,570 |
| California | $130,330 |
| Connecticut | $129,720 |
| South Dakota | $128,720 |
| Massachusetts | $125,670 |
| Delaware | $125,050 |
| Maine | $124,410 |
| Oregon | $122,830 |
| Illinois | $120,130 |
| Wisconsin | $119,430 |
| Washington | $114,050 |
| Vermont | $110,020 |
| Pennsylvania | $105,200 |
| District of Columbia | $104,990 |
| Minnesota | $102,660 |
| Virginia | $102,640 |
| Kansas | $102,530 |
| Georgia | $101,450 |
| Florida | $100,970 |
How do financial advisor salaries compare to similar careers?
Financial advisors earn about the same as related careers in Michigan. On average, they make less than treasurers but more than financial analysts.
| Career | Median Salary |
|---|---|
| Treasurer salary | $139K |
| Financial manager salary | $139K |
| Investment fund manager salary | $134K |
| Fundraising manager salary | $113K |
| Financial advisor salary | $78K |
| Economist salary | $106K |
| Statistician salary | $103K |
| Actuary salary | $101K |
| Financial analyst salary | $95K |
Source: CareerExplorer (Aggregated)