Personal Financial Advisors Salary in Detroit, MI
2024 wage data from the Bureau of Labor Statistics
Salary Overview
Personal Financial Advisors is a above-average occupation in Detroit, MI, with a median annual salary of $99,600. Personal Financial Advisorss in Detroit, MI earn $2,540 less (2%) than the national median of $102,140.
Personal Financial Advisorss in Detroit, MI earn $2,540 less (2%) than the national median of $102,140.
The average salary ($152,030) is notably higher than the median — this means top earners pull the average up. A small number of highly paid Personal Financial Advisorss skew the data.
About 3,180 Personal Financial Advisorss work in Detroit, MI, indicating a healthy local job market.
Cost of Living Consideration
When evaluating this salary, factor in Detroit, MI's cost of living. Housing, transportation, and taxes vary significantly between cities and can impact how far your paycheck goes.
Salary Distribution
| Percentile | Annual Salary | Monthly |
|---|---|---|
| 10th Percentile | $45,100 | $3,758 |
| 25th Percentile | $54,940 | $4,578 |
| Median | $99,600 | $8,300 |
| 75th Percentile | $179,170 | $14,931 |
| 90th Percentile | N/A | N/A |
| Mean (Average) | $152,030 | $12,669 |
Personal Financial Advisors Salary in Other Cities
| Metro Area | Median Salary |
|---|---|
| New York-Newark-Jersey City, NY-NJ-PA | $168,350 |
| San Francisco-Oakland-Berkeley, CA | $157,510 |
| San Diego-Chula Vista-Carlsbad, CA | $128,400 |
| Sacramento-Roseville-Folsom, CA | $126,690 |
| San Jose-Sunnyvale-Santa Clara, CA | $126,480 |
| Los Angeles-Long Beach-Anaheim, CA | $121,940 |
| Baltimore-Columbia-Towson, MD | $114,490 |
| Buffalo-Cheektowaga, NY | $112,120 |
| Seattle-Tacoma-Bellevue, WA | $112,020 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $109,520 |
Highest Paying Jobs in Detroit, MI
| Occupation | Median Salary |
|---|---|
| Family Medicine Physicians | $218,340 |
| Architectural and Engineering Managers | $167,890 |
| Computer and Information Systems Managers | $166,010 |
| Natural Sciences Managers | $151,390 |
| Financial Managers | $141,770 |
| Marketing Managers | $139,430 |
| Managers, All Other | $135,910 |
| Database Administrators | $129,940 |
| Computer Network Architects | $128,450 |
| Lawyers | $128,060 |
Related Data Insights
The cost of living in Detroit, MI is 0.3% above the national average (index: 100.3). See full cost breakdown →
After adjusting for local cost of living, the purchasing power of Detroit, MI salaries is equivalent to $82,347 in an average-cost US city.