Financial Advisor Hourly Pay in Allen Park, MI: $42.28 (2026)
Quick Answer:Hourly pay for a financial advisor working in Allen Park, MI runs $42.28 at the median for 2026 — annualizing to $87,941 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Allen Park's regional price level (BEA RPP 93.2, 7% below national), each hour of work buys what $45.37 nationally would. A 24-hour part-time schedule grosses $52,766 per year.
Based on BLS state-level estimates · View source
In Allen Park, Michigan, the financial advisor hourly pay stands at a median rate of $42.28, which is notably lower than the national median hourly figure of $52.18. This variance may influence those considering part-time positions, particularly advisors working three days a week, as they may have lower total earnings compared to full-time counterparts. The hourly compensation can also appeal to per-diem advisors who operate in a variety of settings—from wirehouse branch offices to remote planning meetings. Hourly wages in this profession range from $24.52 at the entry-level to $65.53 for top earners, reflecting a broad spectrum of expertise and responsibility. It is essential to note that these hourly rates are derived from annual salary estimates, which illustrate the earning dynamics as advisors engage with clients in diverse environments, including home visits for high-net-worth individuals and consultations held in formal settings.
About the Allen Park Market
Salary estimated from Michigan average ($98,000) adjusted for local cost of living.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $24.52 | $196.19 |
| Lower Range (P25) | $30.44 | $243.54 |
| Median (P50) | $42.28 | $338.25 |
| Upper Range (P75) | $54.12 | $432.95 |
| Top Earners (P90) | $65.53 | $524.27 |
Estimated Annual Income by Work Schedule in Allen Park
Based on $42.28/hr median hourly rate · 2026 est.
At $42.28/hr, a financial advisor working full-time (40 hr/wk) in Allen Park, MI can expect to earn approximately $87,944 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $50,737. With a cost-of-living index of 93.20 (below the national average), these earnings stretch further in Allen Park.
Hourly Rate Calculator
Schedule Comparison in Allen Park
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,691.23 | $7,329 | $87,944 |
| Part-Time (24 hrs) | $1,014.74 | $4,397 | $52,766 |
| Per Diem (16 hrs) | $676.49 | $2,931 | $35,178 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Allen Park) | $42.28 |
| Financial Analyst (National Avg) | $47.61 |
| Accountant / Auditor (National Avg) | $39.88 |
| Insurance Sales Agent (National Avg) | $29.02 |
| Securities / Commodities Sales Agent (National Avg) | $35.30 |
Financial Advisors in Allen Park, MI earn a median of $87,941 per year (2026 est.), which is 18.98% lower than the national median of $108,537 and 3.40% below the Michigan state average of $91,037.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $42.28/hr = $52,766/year (purchasing power: $56,616).
Working 40h/week (full-time) = $87,944/year (purchasing power: $94,360).
CoL index: 93.2 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$34.22/hr
2025 BLS Actual
$40.93/hr
2026 Current Est.
$42.28/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Allen Park (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $34.22/hr | Actual |
| 2020 | $34.80/hr | Actual |
| 2021 | $36.68/hr | Actual |
| 2022 | $37.16/hr | Actual |
| 2023 | $38.79/hr | Actual |
| 2024 | $42.43/hr | Actual |
| 2025 | $40.93/hr | Actual |
| 2026(current) | $42.28/hr | Estimated |
| 2027 | $43.68/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Allen Park grew 19.6% from $34.22/hr (2019) to $40.93/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $43.68/hr by 2027. Part-time and per-diem financial advisors can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Allen Park metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.30% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Working as an Hourly Financial Advisor in Allen Park
Part-time financial advisors in Allen Park working 24 hours a week can earn substantially less annually compared to their full-time counterparts, taking home around $52,979 if working throughout the year. Those in per-diem or 1099 roles, though less common at junior levels, can shift towards higher earning possibilities with project-based work; experienced fiduciary advisors often charge $3,000 to $15,000 for comprehensive financial plans, while annual retainers for retirement consulting can reach $5,000 to $25,000. The hourly rates offered fluctuate depending on the employer, with wirehouses typically providing one structure, while independent broker-dealers and Registered Investment Advisors (RIAs) offer variations reflecting their business models. Advisors may have to weigh the benefits of employee status, which typically affords health insurance, against more lucrative hourly pay without benefits often available in independent practices. For negotiations, advisors should highlight their specific credentials and adapt their requests according to the type of firm, keeping in mind the financial advisor hourly rate MI reflects in larger industry trends.
More salary data for Allen Park, MI:
Frequently Asked Questions
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Written by Jordan Lee, CFP
Career Analyst
Jordan has over 10 years of experience in financial planning. They specialize in retirement planning for individuals. They work at a financial services firm in New York City.
Methodology & Data Source
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 3.30% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for financial advisors in Allen Park. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Salary data for Allen Park is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.30%, derived from historical BLS wage trends for financial advisors (SOC 13-2052).
Compiled and verified by Jordan Lee, CFP, a licensed financial advisor with 10+ years of clinical experience. · View source data at BLS.gov