Based on the latest Bureau of Labor Statistics OEWS data — updated August 12, 2026.
| Michigan | National | Difference | |
|---|---|---|---|
| Median annual salary | $77,930 | $110,804 | -30% |
| Median hourly wage | $37.47 | $53.27 | -30% |
Adjusted for local price levels (100 = national average), the cost-adjusted median is $81,008.
| City | Median | Entry Level | Experienced | Cost of Living |
|---|---|---|---|---|
| City-level data coming soon. | ||||
The median annual salary for a Financial Advisor in Michigan is $77,930, or about $37.47 per hour, according to BLS OEWS data.
The national median for Financial Advisors is $110,804. Michigan is -30% below the national median.
Entry-level financial advisors in Michigan typically earn from varies by experience depending on the city and employer.
With 6,570 financial advisor jobs on record and a median salary of $77,930, Michigan offers competitive pay compared to the rest of the country.