Average Personal Financial Advisors Salary in Saginaw, MI
The average salary for a Personal Financial Advisors in Saginaw, MI is $151,890. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $151,890 per year.
- Growth Trend: Salaries have shifted 78.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $227,835.
- Outlook: The current demand for Personal Financial Advisorss is stable, with a local workforce of approximately 110 professionals. This role remains a specialized component of the broader Saginaw, MI economy.
Salary Overview
The average Personal Financial Advisors in Saginaw, MI earns-5.3%below the national average.
$73
$2,921
$12,658
Personal Financial Advisors Salary Trends (2020-2024)
Over the past 4 years, Personal Financial Advisors salaries in Saginaw, MI have experienced a rapid surge, growing by 78.4%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Personal Financial Advisors Salary Distribution in Saginaw, MI
The earning potential for Personal Financial Advisorss in Saginaw, MI varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 5.3x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $42,790, while highly experienced professionals can command wages upwards of $227,835.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $42,790 | $20.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $113,918 | $54.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $95,360 | $45.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $189,863 | $91.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $227,835 | $109.5 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$151,890
Gross Pay
Real Wage (Purchasing Power)
$151,890
Adjusted for COL (100)
In Saginaw, MI, the Cost of Living Index is 100. This increases your effective purchasing power from $151,890 to $151,890.
Job Market Context
110
Total Jobs
1.416
Per 1K Jobs
0.81
Location Quotient
Saginaw, MI has 0.81x the national average concentration of Personal Financial Advisors jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
110 people work as Personal Financial Advisors in Saginaw, MI.
1.416 out of every 1,000 local jobs are Personal Financial Advisors positions — a typical concentration.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Bay City, MI Personal Financial Advisors Salary | $115,790↓ 24% | 12 mi |
| Mid Michigan nonmetropolitan area Personal Financial Advisors Salary | $111,940↓ 26% | 30 mi |
| Southern Michigan nonmetropolitan area Personal Financial Advisors Salary | $78,060↓ 49% | 30 mi |
Comparing salaries near Saginaw, MI
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Saginaw, MI?
The median annual salary for a Personal Financial Advisors in Saginaw, MI is $151,890. This typically ranges from $42,790 for entry-level positions to $227,835 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Saginaw, MI is 5.3% lower than the national median of $160,360.
Is Saginaw, MI a good place for Personal Financial Advisorss?
It depends on your priorities. While the average Personal Financial Advisors salary in Saginaw, MI is $151,890 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Saginaw, MI. See distinct detailed breakdown below.
Is Saginaw, MI a good place to live for Personal Financial Advisors?
The Cost of Living Index in Saginaw, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Saginaw, MI?
Some top paying nearby cities include Bay City, MI ($115,790) and Mid Michigan nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 110 employees in the Saginaw, MI area with a job density of 1.416 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 Saginaw, MI