Personal Financial Advisor Salary in Detroit, MI
Personal Financial Advisors in the Detroit-Warren-Dearborn, MI metro area earn a median $76,830 a year — 27% less than the national median. After 2026 taxes, that is $59,865 take-home, or $4,989 a month.
Take-home pay calculator
Pre-filled with the median personal financial advisor salary in Detroit, MI. Enter your own offer to see your paycheck.
- Federal income tax$8,073
- Social Security (6.2%)$4,763
- Medicare (1.45%)$1,114
- Michigan income tax$3,015
- Take-home pay$59,865
Marginal rate: 22% federal + 4.25% state
Living in Detroit? City residents also pay Detroit’s city income tax — about $1,844 a year on this salary — which lowers take-home pay to $58,021 ($4,835 a month). Choose “Detroit” under City income tax in the calculator. Suburban residents usually don’t pay it.
Got an offer somewhere else? Compare it with this one after taxes and rent →
Personal Financial Advisor pay by experience in Detroit, MI
| Percentile | Salary | Hourly | Take-home / yr | Per month |
|---|---|---|---|---|
| 10th percentile (entry level) | $45,530 | $21.89 | $37,079 | $3,090 |
| 25th percentile | $49,570 | $23.83 | $40,154 | $3,346 |
| Median (50th) | $76,830 | $36.94 | $59,865 | $4,989 |
| 75th percentile | $139,990 | $67.30 | $101,250 | $8,438 |
| 90th percentile (top earners) | $310,010+ | $149.04 | $208,523 | $17,377 |
Wages: BLS Occupational Employment and Wage Statistics, May 2025. Take-home: single filer, Michigan resident, 2026 tax rules.
What $76,830 buys in Detroit, MI
Prices in Detroit, MI are 0.3% higher than the U.S. average (housing costs are 5% below the national average). Adjusted for local prices, a median personal financial advisor's $59,865 take-home pay has the buying power of $59,688 in a typical American city.
Rents: HUD Fair Market Rents, FY2026 (40th-percentile gross rent incl. utilities). Price levels: BEA Regional Price Parities, 2024.
Personal Financial Advisor jobs are about as common in Detroit, MI as in the U.S. overall (location quotient 1.05).
Best-paying cities for personal financial advisors, adjusted for cost of living
Detroit, MI ranks #23 of 23 metro areas once taxes and local prices are taken into account.
| # | Metro area | Median salary | Take-home | Real value* |
|---|---|---|---|---|
| 1 | New York, NY | $170,050 | $118,502 | $105,277 |
| 2 | Kansas City, MO | $123,140 | $90,582 | $97,881 |
| 3 | San Francisco, CA | $160,610 | $108,248 | $93,629 |
| 4 | Bridgeport, CT | $135,770 | $98,069 | $91,770 |
| 5 | Miami, FL | $125,670 | $97,161 | $85,114 |
| 6 | Philadelphia, PA | $116,560 | $87,252 | $85,079 |
| 7 | St. Louis, MO | $103,690 | $77,840 | $81,861 |
| 8 | Indianapolis, IN | $102,640 | $78,039 | $81,549 |
| 23 | Detroit, MI | $76,830 | $59,865 | $59,688 |
*Take-home pay divided by the BEA price level, so every city is measured in U.S.-average dollars. See all 23 metros →
About the job: personal financial advisors
Advise clients on financial plans using knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate. Duties include assessing clients' assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives. May also buy and sell financial assets for clients.
- Typical education
- Bachelor's degree
- Work experience
- None required
- On-the-job training
- Long-term on-the-job training
- Job outlook, 2025–35
- +1.4% (slower than average)
Source: BLS Standard Occupational Classification and Employment Projections, 2025–35.
Frequently asked questions
How much does a personal financial advisor make in Detroit, MI?
The median personal financial advisor salary in the Detroit-Warren-Dearborn, MI metro area is $76,830 a year, or about $36.94 an hour, according to the Bureau of Labor Statistics (May 2025). The middle half earn between $49,570 and $139,990.
What is a personal financial advisor’s take-home pay in Detroit, MI?
On the median $76,830 salary, a single filer living in Michigan takes home about $59,865 a year ($4,989 a month) after federal tax, Social Security, Medicare and $3,015 in Michigan taxes in 2026.
Is Detroit, MI a good place to work as a personal financial advisor?
Pay here is 27% below the national median of $105,070. Local prices are 0.3% above the U.S. average, so the take-home pay buys what $59,688 would in a typical U.S. city. Detroit, MI ranks #23 of 23 metro areas for cost-of-living-adjusted pay in this job.
Can a personal financial advisor afford rent in Detroit, MI?
HUD’s fair market rent for a one-bedroom in Detroit, MI is $1,128 a month ($1,413 for two bedrooms) — 23% of a median personal financial advisor’s monthly take-home pay. Financial planners usually suggest keeping rent under about 30%.
Related jobs in Detroit, MI
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- Compliance Officer — $81,250
- Accountant and Auditor — $80,650
- Buyer and Purchasing Agent — $80,300
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