Personal Financial Advisor Salary in Detroit, MI
2024 BLS OEWS Data · Finance · COL Index: 95.1
$99,600
Median Salary
$152,030
Mean Salary
$104,732
COL-Adjusted
3,180
Employment
Salary Distribution
Percentile Breakdown
| Percentile | Salary | COL-Adjusted |
|---|---|---|
| 10th Percentile (Entry Level) | $45,100 | $47,424 |
| 25th Percentile | $54,940 | $57,771 |
| 50th Percentile (Median) | $99,600 | $104,732 |
| 75th Percentile | $179,170 | $188,402 |
| 90th Percentile (Top Earners) | $282,611 | $297,172 |
What Drives the Range
The $237,511 spread between the 10th and 90th percentiles for Personal Financial Advisor positions in Detroit, MI reflects several factors. Entry-level professionals and those in smaller organizations typically fall in the lower quartiles, while senior specialists, those with in-demand certifications, and employees at large enterprises command salaries in the upper percentiles.
Detroit, MI's cost-of-living index of 95.1 means that a $99,600 median salary here has the same purchasing power as $104,732 in an average-cost U.S. city. The relatively moderate cost of living makes this a competitive market for purchasing power.