Average Personal Financial Advisors Salary in Muskegon-Norton Shores, MI
The average salary for Personal Financial Advisorss in Muskegon-Norton Shores, MI is $125,070. While this is lower than the national average, the cost of living in Muskegon-Norton Shores, MI may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $125,070 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $210,490.
- Outlook: The current demand for Personal Financial Advisorss is stable, with a local workforce of approximately 50 professionals. This role remains a specialized component of the broader Muskegon-Norton Shores, MI economy.
Salary Overview
The average Personal Financial Advisors in Muskegon-Norton Shores, MI earns-22.0%below the national average.
$60.1
$2,405
$10,423
Personal Financial Advisors Salary Trends (2020-2024)
Historical trend data for Personal Financial Advisors in Muskegon-Norton Shores, MI is limited, but current market signals indicate a stable demand environment.
Personal Financial Advisors Salary Distribution in Muskegon-Norton Shores, MI
The earning potential for Personal Financial Advisorss in Muskegon-Norton Shores, MI varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 4.4x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $47,320, while highly experienced professionals can command wages upwards of $210,490.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,320 | $22.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $93,803 | $45.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $73,990 | $35.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $156,338 | $75.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $210,490 | $101.2 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$125,070
Gross Pay
Real Wage (Purchasing Power)
$125,070
Adjusted for COL (100)
In Muskegon-Norton Shores, MI, the Cost of Living Index is 100. This increases your effective purchasing power from $125,070 to $125,070.
Job Market Context
50
Total Jobs
0.752
Per 1K Jobs
0.43
Location Quotient
At 0.43x, Muskegon-Norton Shores, MI has a notably lower concentration of Personal Financial Advisors jobs than the national average. Opportunities in this area are relatively scarce for this profession.
50 people work as Personal Financial Advisors in Muskegon-Norton Shores, MI.
Only 0.752 out of every 1,000 local jobs are Personal Financial Advisors roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Grand Rapids-Wyoming-Kentwood, MI Personal Financial Advisors Salary | $132,140↑ 6% | 35 mi |
| Kalamazoo-Portage, MI Personal Financial Advisors Salary | $157,250↑ 26% | 74 mi |
| Racine-Mount Pleasant, WI Personal Financial Advisors Salary | $148,950↑ 19% | 86 mi |
Comparing salaries near Muskegon-Norton Shores, MI
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Muskegon-Norton Shores, MI?
The median annual salary for a Personal Financial Advisors in Muskegon-Norton Shores, MI is $125,070. This typically ranges from $47,320 for entry-level positions to $210,490 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Muskegon-Norton Shores, MI is 22.0% lower than the national median of $160,360.
Is Muskegon-Norton Shores, MI a good place for Personal Financial Advisorss?
It depends on your priorities. While the average Personal Financial Advisors salary in Muskegon-Norton Shores, MI is $125,070 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Muskegon-Norton Shores, MI. See distinct detailed breakdown below.
Is Muskegon-Norton Shores, MI a good place to live for Personal Financial Advisors?
The Cost of Living Index in Muskegon-Norton Shores, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Muskegon-Norton Shores, MI?
Some top paying nearby cities include Grand Rapids-Wyoming-Kentwood, MI ($132,140) and Kalamazoo-Portage, MI.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 50 employees in the Muskegon-Norton Shores, MI area with a job density of 0.752 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Personal Financial Advisors • Data source: BLS OEWS 2024 •Jobs in Muskegon-Norton Shores, MI