Personal Financial Advisors pay range in Detroit
New workers and the lowest-paid 10% earn about $45,530 a year or less, while the top 10% make $310,010 or more. The middle half of personal financial advisors in Detroit earn between $49,570 and $139,990.
- $46K10th
- $50K25th
- $77KMedian
- $140K75th
- $310K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $124,230 | $10,352 | $59.73 |
| Median | $76,830 | $6,402 | $36.94 |
| Entry level (25th percentile) | $49,570 | $4,131 | $23.83 |
| Experienced (75th percentile) | $139,990 | $11,666 | $67.30 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Personal Financial Advisors pay in Detroit vs. Michigan and the U.S.
Personal financial advisors in Detroit earn about the same as the Michigan average ($121,890) and 21% less than the U.S. average ($156,670). At the median the gap is -27% against the U.S. median of $105,070.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Detroit | $124,230 | $76,830 | $45,530 | $310,010 | 3,430 |
| Michigan | $121,890 | $77,930 | $44,780 | $288,860 | 6,570 |
| United States | $156,670 | $105,070 | $50,190 | $357,020 | 266,800 |
State and U.S. rows: BLS statewide and national estimates, May 2025, which include rural areas.
Personal Financial Advisors salary after taxes in Detroit
On the average salary of $124,230, a single filer in Detroit takes home about $88,302 a year, or $7,358 a month and $3,396 every two weeks. Taxes take 29% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules). Includes Detroit's local income tax (2.4%).
Is Detroit a good place for personal financial advisors? Pay vs. cost of living
Prices in the Detroit area are in line with the U.S. average (BEA price parity 100.3), so the average $124,230 buys what about $123,861 would buy in a typical U.S. metro. This job pays 1.5 times the median wage of all jobs in Detroit ($52,080). A typical home costs $269,080, or 2.2 years of this average salary before tax.
Personal Financial Advisors salary in other Michigan cities
Detroit ranks 6th of 13 Michigan metro areas for this job; Monroe pays the most ($173,100).
Highest-paying cities for personal financial advisors
Staunton, VA pays this job the most of the metro areas we cover ($258,100).
- Staunton, VA$258,100
- Naples, FL$227,090
- New York, NY$217,170
- Macon, GA$214,380
- San Francisco, CA$214,350
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Personal Financial Advisors salary in Detroit: questions
How much do personal financial advisors make an hour in Detroit?
$59.73 an hour on average, and $36.94 at the median (BLS, May 2025).
What is the entry-level personal financial advisors salary in Detroit?
The lowest-paid 10% earn about $45,530 a year and the 25th percentile is $49,570, a fair guide to starting pay.
What is the personal financial advisors take-home pay in Detroit?
About $88,302 a year ($7,358 a month) for a single filer on the average salary of $124,230. Includes Detroit's local income tax (2.4%).
Do personal financial advisors earn more in Detroit than elsewhere?
The average here is 21% less than the U.S. average for this job ($156,670).
Sources and how to read this page
- Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 13-2052; area Detroit-Warren-Dearborn, MI (19820). Relative standard error of the mean wage: 10.4%.
- U.S. and statewide figures: BLS OEWS national and state estimates, May 2025, every employer including rural areas.
- Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
- Home value: Zillow Home Value Index. Typical-wage figure: OEWS all occupations, same metro.
- Take-home pay: Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules). Includes Detroit's local income tax (2.4%).
- Job concentration: location quotient 1.05, this job is about as common as in the U.S. overall.
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