Financial Advisor Hourly Pay in Dearborn, MI: $37.96 (2026)
Quick Answer:Hourly pay for a financial advisor working in Dearborn, MI runs $37.96 at the median for 2026 — annualizing to $78,956 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Dearborn's regional price level (BEA RPP 93.2, 7% below national), each hour of work buys what $40.73 nationally would. A 24-hour part-time schedule grosses $47,378 per year.
Based on BLS state-level estimates · View source
In 2026, financial advisors in Dearborn, MI, are projected to earn a median hourly rate of $37.96, significantly lower than the national median of $52.18. This pay scale reflects the market's conditions, which can affect both part-time and per-diem employment opportunities. Advisors working three days a week, typically in settings such as wirehouse branch offices, insurance agency offices, or client homes, can expect varied pay based on their experience and client base. The hourly wage ranges from $22.01 for entry-level positions to $58.84 for those at the peak of their careers. This disparity in pay underscores the benefits of experience and the types of clients an advisor serves, whether they are providing basic financial planning or more sophisticated investment strategies, which could involve remote consultations or in-person meetings.
About the Dearborn 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) | $22.01 | $176.11 |
| Lower Range (P25) | $27.33 | $218.67 |
| Median (P50) | $37.96 | $303.70 |
| Upper Range (P75) | $48.59 | $388.74 |
| Top Earners (P90) | $58.84 | $470.72 |
Estimated Annual Income by Work Schedule in Dearborn
Based on $37.96/hr median hourly rate · 2026 est.
At $37.96/hr, a financial advisor working full-time (40 hr/wk) in Dearborn, MI can expect to earn approximately $78,963 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $45,555. With a cost-of-living index of 93.20 (below the national average), these earnings stretch further in Dearborn.
Hourly Rate Calculator
Schedule Comparison in Dearborn
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,518.51 | $6,580 | $78,963 |
| Part-Time (24 hrs) | $911.11 | $3,948 | $47,378 |
| Per Diem (16 hrs) | $607.40 | $2,632 | $31,585 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Dearborn) | $37.96 |
| 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 Dearborn, MI earn a median of $78,956 per year (2026 est.), which is 27.25% lower than the national median of $108,537 and 13.20% below the Michigan state average of $90,964.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $37.96/hr = $47,378/year (purchasing power: $50,834).
Working 40h/week (full-time) = $78,963/year (purchasing power: $84,724).
CoL index: 93.2 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$30.73/hr
2025 BLS Actual
$36.75/hr
2026 Current Est.
$37.96/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Dearborn (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $30.73/hr | Actual |
| 2020 | $31.24/hr | Actual |
| 2021 | $32.94/hr | Actual |
| 2022 | $33.36/hr | Actual |
| 2023 | $34.83/hr | Actual |
| 2024 | $44.12/hr | Actual |
| 2025 | $36.75/hr | Actual |
| 2026(current) | $37.96/hr | Estimated |
| 2027 | $39.22/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Dearborn grew 19.6% from $30.73/hr (2019) to $36.75/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $39.22/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 Dearborn 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 Dearborn
Part-time financial advisors in Dearborn focusing on a 3-day workweek effectively earn a significantly different income than their full-time counterparts. With 24 hours of work each week, these professionals can anticipate an annual take-home pay reflective of their reduced hours, making careful financial planning essential. Per-diem financial advisors, though less common at junior levels, can command substantial fees for specific services, where comprehensive financial plans often range from $3,000 to $15,000. Additionally, consulting for small businesses could secure retainers between $5,000 and $25,000. Earnings can also fluctuate depending on the employer, with wirehouse firms generally offering more stability but lower hourly rates, while independent and fiduciary models might provide higher compensation but less consistent work. In negotiations, prospective advisors should consider the trade-offs between benefits offered by larger firms and higher pay from smaller operations, emphasizing the value they bring based on their credentials like CFP or CFA.
More salary data for Dearborn, MI:
Frequently Asked Questions
What is the hourly rate for financial advisors in Dearborn in 2026?
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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 Dearborn. 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 Dearborn 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