Average Personal Financial Advisors Salary in Upper Peninsula of Michigan nonmetropolitan area
The average salary for Personal Financial Advisorss in Upper Peninsula of Michigan nonmetropolitan area is $91,770. While this is lower than the national average, the cost of living in Upper Peninsula of Michigan nonmetropolitan area may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $91,770 per year.
- Growth Trend: Salaries have shifted 15.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $167,540.
- Outlook: The current demand for Personal Financial Advisorss is stable, with a local workforce of approximately 100 professionals. This role remains a specialized component of the broader Upper Peninsula of Michigan nonmetropolitan area economy.
Salary Overview
The average Personal Financial Advisors in Upper Peninsula of Michigan nonmetropolitan area earns-42.8%below the national average.
$44.1
$1,765
$7,648
Personal Financial Advisors Salary Trends (2020-2024)
Over the past 4 years, Personal Financial Advisors salaries in Upper Peninsula of Michigan nonmetropolitan area have shown healthy growth of 15.1%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Personal Financial Advisors Salary Distribution in Upper Peninsula of Michigan nonmetropolitan area
The earning potential for Personal Financial Advisorss in Upper Peninsula of Michigan nonmetropolitan area varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 4.7x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $35,650, while highly experienced professionals can command wages upwards of $167,540.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,650 | $17.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $68,828 | $33.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $57,540 | $27.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $114,713 | $55.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $167,540 | $80.5 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$91,770
Gross Pay
Real Wage (Purchasing Power)
$91,770
Adjusted for COL (100)
In Upper Peninsula of Michigan nonmetropolitan area, the Cost of Living Index is 100. This increases your effective purchasing power from $91,770 to $91,770.
Job Market Context
100
Total Jobs
0.891
Per 1K Jobs
0.51
Location Quotient
Upper Peninsula of Michigan nonmetropolitan area has 0.51x 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.
100 people work as Personal Financial Advisors in Upper Peninsula of Michigan nonmetropolitan area.
Only 0.891 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. |
|---|---|---|
| Saginaw, MI Personal Financial Advisors Salary | $151,890↑ 66% | 30 mi |
| Bay City, MI Personal Financial Advisors Salary | $115,790↑ 26% | 37 mi |
| Lansing-East Lansing, MI Personal Financial Advisors Salary | $144,860↑ 58% | 42 mi |
| Flint, MI Personal Financial Advisors Salary | $158,470↑ 73% | 47 mi |
Comparing salaries near Upper Peninsula of Michigan nonmetropolitan area
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Upper Peninsula of Michigan nonmetropolitan area?
The median annual salary for a Personal Financial Advisors in Upper Peninsula of Michigan nonmetropolitan area is $91,770. This typically ranges from $35,650 for entry-level positions to $167,540 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Upper Peninsula of Michigan nonmetropolitan area is 42.8% lower than the national median of $160,360.
Is Upper Peninsula of Michigan nonmetropolitan area a good place for Personal Financial Advisorss?
It depends on your priorities. While the average Personal Financial Advisors salary in Upper Peninsula of Michigan nonmetropolitan area is $91,770 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Upper Peninsula of Michigan nonmetropolitan area. See distinct detailed breakdown below.
Is Upper Peninsula of Michigan nonmetropolitan area a good place to live for Personal Financial Advisors?
The Cost of Living Index in Upper Peninsula of Michigan nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Upper Peninsula of Michigan nonmetropolitan area?
Some top paying nearby cities include Saginaw, MI ($151,890) and Bay City, MI.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 100 employees in the Upper Peninsula of Michigan nonmetropolitan area area with a job density of 0.891 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 Upper Peninsula of Michigan nonmetropolitan area