Personal Financial Advisors in Michigan
May 2025 wages · tax year 2026
You keep
$60,592
after federal, FICA and Michigan tax
Tax takes
$17,338
22.2% of the whole
Worth, in national money
$64,334
Michigan costs less than average
On that salary you would be around the 25th percentile for this work in Michigan — roughly, since only five points along the band are published.
One filer, standard deduction, no dependants and nothing paid in before tax — the same household the rest of this page uses, so the comparison holds. City and school-district income taxes are not included.
Median here
$77,930
Kept after tax
$60,592
Worth in national money
$64,334
State rank
42
of 49 states
What this pays, and what it is worth
- Michigan is among the lower-paying states for personal financial advisors. The middle earner takes $77,930, ranking 42 of 49 states — about 25.83% below the national middle. Costs here are often lower too, which the figures further down account for.
- Against other work in Michigan, this sits in the middle: 134 of 493 occupations with published pay. Solidly ordinary for the state, which is not the same as ordinary nationally.
- Michigan is cheaper than average, and that shows up here. From $77,930 the take-home is $60,592; adjusted for what things actually cost, it goes as far as $64,334 would nationally. The average comes to $121,890, above the middle, thanks to the top of the range.
- Michigan ranks 42 of 49 for personal financial advisors, with a median of $77,930 — about 25.83% below the national figure. A nominal shortfall is not by itself a real one: lower-paying states frequently carry lower tax and lower price levels, and the adjusted figures below are where that is settled rather than assumed.
- Personal financial advisors ranks 134 of 493 occupations in Michigan by median pay, in the middle bands. Within-state and national positions are separate measurements and a job commonly sits in different quartiles on each.
- Post-tax income for personal financial advisors in Michigan, on $77,930, is $60,592 — equivalent to $64,334 once regional price parity is applied. ⚠️ The adjustment uses a statewide index that describes no particular address; within-state price variation, concentrated in housing, routinely exceeds the difference between two states. At $121,890 the mean overshoots the median — the usual right-skewed shape.
Compare this career across states
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Pay band: Personal Financial Advisors
The state median for this job
| Lowest tenth earn under | $44,780 |
|---|---|
| Half earn under | $77,930 |
| Top tenth earn over | $288,860 |
| This salary | $77,930 |
Positions between the published tenth, quarter, half, three-quarter and ninetieth points are estimated by straight line.
The same pay, somewhere else
The state median for this job
| Take-home in Michigan | $60,592 |
|---|---|
| Take-home in Texas | $63,654 |
| Once local prices are leveledBEA price parity | +$1,170 |
State income tax and state price levels only. No city income tax, and no housing market.
What you would need there
The state median for this job
| To match take-home only | $73,579 |
|---|---|
| You could take a cut of | −$1,616 |
| Prices in Texas | 97 vs 94 |
State taxes and state price levels only. No city tax, and no housing market.
Sources and assumptions
- Half the people doing this work in Michigan earn less than $77,930. The published range is $44,780 up to $288,860, so an individual figure can sit a long way from the middle in either direction.
- In Michigan the take-home figure of $60,592, from $77,930, assumes one filer, no dependants, and nothing paid into a pension before tax. Each of those lowers the bill, so treat it as the plain case. City and school-district income taxes are not included either, and in a few states those are real money. It ranks 134 of 493 occupations here.
- The wage data and the price data come from different years. That is how each is published. The price adjustment behind $64,334 uses one figure for the whole of Michigan. A city and a rural county there can differ by more than two states do. Out of 493 occupations the state publishes, this one sits at 134.
- Reported values are medians; for personal financial advisors in Michigan the tenth-to-ninetieth percentile band is $44,780 to $288,860. Neither the median nor the band is an offer rate, and neither accounts for hours, shift differentials or overtime.
- Take-home for Michigan is computed for a single filer taking the standard deduction with no dependants and no pre-tax contributions, giving $60,592 from $77,930. Each omitted item reduces taxable income, so the figure is a lower bound on retained pay for this household shape. Municipal and school-district income taxes are excluded, which understates the burden materially in Ohio, Pennsylvania and Maryland. The occupation ranks 134 of 493 locally.
- Wage and price series carry different reference periods, each published on its own schedule. The real-terms figure of $64,334, worked from $77,930, deflates by a statewide parity that conceals substantial intra-state variation, concentrated in housing — so it supports comparison between states rather than the pricing of a move to a particular Michigan address, on work sitting at 134 of 493 locally.
Questions people ask
Is this the average pay for the job?
Half earn more than this and half earn less. The average sits at $121,890 because a long tail of high pay lifts it, so the two answer different questions.
Why is the pay range for this job so wide?
One title, many jobs. The lowest tenth take $44,780, the highest tenth $288,860, and what separates them is experience, employer and what exactly the role does.
What does this pay actually buy where I live?
Further than the number implies. Michigan is cheaper than the national average, so this take-home behaves like $64,334 in national terms.
Where does the difference between the wage and my paycheck go?
Four deductions, stacked. The federal layer and the two payroll taxes apply wherever you work; Michigan then takes its own share, leaving $60,592.
Why is this job missing from some states?
A blank is a suppression, not a zero. 49 states have a published figure for this work; the others had too few responses to release one.
How does the published median differ from the mean for this occupation?
The median is the midpoint of the distribution; the mean for this occupation in Michigan is $121,890. Wage distributions are right-skewed, so the mean exceeds the median wherever a minority earn substantially more. BLS publishes both because substituting one for the other misstates a typical worker's pay.
What drives the percentile dispersion in this occupation?
Dispersion between the tenth percentile ($44,780) and the ninetieth ($288,860) exceeds the family median dispersion. SOC codes aggregate roles differing in seniority, industry and specialisation, and BLS does not disaggregate below the detailed occupation level, so within-title variance is not separable from the published series.
What is this occupation's price-adjusted compensation in this state?
Michigan's regional price parity is at or below the national average, so nominal wages understate purchasing power. Take-home deflated by the state price level is $64,334 in national-average terms. The adjustment uses an all-items index and does not isolate housing.
What accounts for the gap between gross wage and take-home here?
Take-home of $60,592 reflects federal income tax, OASDI, Medicare and Michigan income tax for a single filer with no adjustments. The state layer is levied in addition to the federal one; only its rate and base differ between states.
Why does this occupation lack published estimates in every state?
BLS suppresses estimates failing disclosure or reliability criteria. This occupation has published state-level estimates in 49 of the fifty-one jurisdictions. Suppression reflects sample size and confidentiality rules, and cannot be read as an absence of employment.