Financial Advisor Hourly Pay in Grand Rapids, MI: $44.41 (2026)
Quick Answer:Hourly pay for a financial advisor working in Grand Rapids, MI runs $44.41 at the median for 2026 — annualizing to $92,361 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Grand Rapids's regional price level (BEA RPP 95.5, 4% below national), each hour of work buys what $46.48 nationally would. A 24-hour part-time schedule grosses $55,422 per year.
Official BLS data · View source
In Grand Rapids, Michigan, the financial advisor hourly pay is projected to reach $44.41 in 2026, which is notably below the national hourly median of $52.18. This rate can impact part-time options for professionals working three days a week, as they could earn significantly depending on their client loads. Financial advisors in this region operate in a variety of settings, including wirehouse branch offices, insurance agency offices, and even virtual meetings with high-net-worth individuals. For entry-level positions, the hourly pay begins at around $22.16, while top earners can command up to $121.39 per hour. Such variations speak to both experience and the type of service provided, particularly at a time when the industry is seeing a transition towards fee-only fiduciary models, which tend to differentiate themselves in terms of pay structures.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $22.16 | $177.26 |
| Lower Range (P25) | $23.49 | $187.92 |
| Median (P50) | $44.41 | $355.27 |
| Upper Range (P75) | $77.20 | $617.57 |
| Top Earners (P90) | $121.39 | $971.10 |
Estimated Annual Income by Work Schedule in Grand Rapids
Based on $44.41/hr median hourly rate · 2026 est.
At $44.41/hr, a financial advisor working full-time (40 hr/wk) in Grand Rapids, MI can expect to earn approximately $92,370 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $53,290. With a cost-of-living index of 95.55 (below the national average), these earnings stretch further in Grand Rapids.
Hourly Rate Calculator
Schedule Comparison in Grand Rapids
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,776.35 | $7,698 | $92,370 |
| Part-Time (24 hrs) | $1,065.81 | $4,619 | $55,422 |
| Per Diem (16 hrs) | $710.54 | $3,079 | $36,948 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Grand Rapids) | $44.41 |
| 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 Grand Rapids, MI earn a median of $92,361 per year (2026 est.), which is 14.90% lower than the national median of $108,537 and 1.50% above the Michigan state average of $90,996.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $44.41/hr = $55,422/year (purchasing power: $58,006).
Working 40h/week (full-time) = $92,370/year (purchasing power: $96,676).
CoL index: 95.546 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$33.83/hr
2025 BLS Actual
$42.99/hr
2026 Current Est.
$44.41/hr
2019–2027 Growth
+35.6%
Hourly Rate Trajectory for Financial Advisors in Grand Rapids (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $33.83/hr | Actual |
| 2020 | $34.65/hr | Actual |
| 2021 | $29.69/hr | Actual |
| 2022 | $33.43/hr | Actual |
| 2023 | $36.41/hr | Actual |
| 2024 | $47.53/hr | Actual |
| 2025 | $42.99/hr | Actual |
| 2026(current) | $44.41/hr | Estimated |
| 2027 | $45.87/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Grand Rapids grew 27.1% from $33.83/hr (2019) to $42.99/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $45.87/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 Grand Rapids 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 Grand Rapids
Considering the potential for part-time earnings, a financial advisor working 24 hours a week in Grand Rapids could take home around $27,681 annually, which starkly contrasts with full-time earnings based on the same hourly rate. Per-diem or 1099 financial advisor pay in Grand Rapids is less common among junior professionals; however, seasoned advisors may charge clients between $3,000 and $15,000 for project-based financial plans. Different employer types also affect hourly compensation, with wirehouses like Morgan Stanley and LPL Financial offering varying rates compared to independent RIAs or small firms. Advisors must weigh the benefits of lower hourly pay against the security of health insurance provided by larger institutions. When negotiating roles within this evolving industry, local financial advisors should be aware of their value in the market while making informed decisions about employment benefits versus pay rates.
More salary data for Grand Rapids, MI:
Frequently Asked Questions
What is the hourly rate for financial advisors in Grand Rapids in 2026?
How much do part-time financial advisors make in Grand Rapids?
Are financial advisors in Grand Rapids paid hourly or salary?
How much does a full-time financial advisor make per year in Grand Rapids?
Do financial advisors earn more per hour working part-time in Grand Rapids?
Related Pages
Compare Salaries
Career Resources
Nearby Cities in Michigan
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 Grand Rapids. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Source: BLS, OEWS, 7-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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