Financial Advisor Salary in Dearborn, MI: $78,956 (2026)
Quick Answer:A full-time financial advisor in Dearborn, MI earns a median $78,956/year (≈ $37.96/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Dearborn's price level (7% below national, BEA RPP 93.2), that paycheck buys what $84,717 would nationally. Nominal pay sits 13.2% below the Michigan state average.
Based on BLS state-level estimates · View source
In 2026, the financial advisor salary in Dearborn, MI is projected to reach a median of $78,956, reflecting a notable trend in the profession as the demand for certified financial planners (CFPs) continues to rise. This compensation reflects a salary range spanning from $45,795 to $122,383, indicating substantial earning potential that varies by experience and specialization. With local estimates grounded in BLS state-level data and adjustments for regional cost-of-living factors, it is clear that financial advisors in Dearborn are navigating a market that values both fiduciary practices and the credential premium associated with CFP designation. As firms increasingly embrace fee-only models, advisors can benefit from a range of compensation strategies dependent on their clientele and operational models.
About the Dearborn Market
Salary estimated from Michigan average ($98,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $45,795 | $22.01 |
| Lower Range (P25) | $56,848 | $27.33 |
| Median (P50)(typical) | $78,956 | $37.96 |
| Upper Range (P75) | $101,065 | $48.59 |
| Top Earners (P90) | $122,383 | $58.84 |
Median Salary Position
27.25% below the national average
2026 Salary Percentile Distribution in Dearborn
In Dearborn, MI, the financial advisor salary spread from the 10th to 90th percentile is $76,588 (2026 est.). At $78,956, the local median is 27.25% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Dearborn: You'd be in the lower-middle range
How Dearborn Financial Advisor Pay Compares
Dearborn median: $78,956/year (2026)
| Compared To | Median Salary | Dearborn Pays |
|---|---|---|
| Michigan Average | $90,964 | -13.20% less |
| National Average | $108,537 | -27.25% less |
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.
Cost-of-Living Adjusted Salary
Dearborn has a cost of living 6.80% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Dearborn, MI has a cost-of-living index of 93.2 (below the national average of 100). A financial advisor earning $78,956 nominally has purchasing power equivalent to $84,717 in an average-cost city — an effective 7.3% boost.
Compare Purchasing Power
Select a city to see how your salary compares after cost of living
Select a city above to compare purchasing power
2019 BLS Actual
$63,907
2025 BLS Actual
$76,434
2026 Current Est.
$78,956
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Dearborn (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $63,907 | Actual |
| 2020 | $64,984 | Actual |
| 2021 | $68,505 | Actual |
| 2022 | $69,392 | Actual |
| 2023 | $72,440 | Actual |
| 2024 | $91,773 | Actual |
| 2025 | $76,434 | Actual |
| 2026(current) | $78,956 | Estimated |
| 2027 | $81,562 | Projected |
Based on 7 years of BLS OEWS data for the Dearborn metropolitan area, the median financial advisor salary grew 19.6% from $63,907 (2019) to $76,434 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $81,562 by 2027 — a total increase of $17,655 (27.63%) from 2019.
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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $45,795 – $56,848 |
| 3-5 years (Mid Career) | $56,848 – $78,956 |
| 5+ years (Experienced) | $78,956 – $101,065 |
| 10+ years (Top Earner) | $101,065 – $122,383 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Dearborn
A competitive job market can be discerned in Dearborn, with 19 financial advisors currently employed in the area. The cost of living index sits at 93.2, which affords local professionals a relatively favorable purchasing power compared to national averages. Notably, employers such as wirehouses—Morgan Stanley and Merrill Lynch—often lead in compensation, particularly for those with high-net-worth (HNW) clients. Factors contributing to salary variation include the size of the advisor's assets under management (AUM), the fee model employed, and the presence of CFP and CFA credentials. Independent registered investment advisors (RIAs) often see a significant financial impact from their fiduciary fee structures compared to commission-based wirehouses. For financial advisors in Dearborn aiming to maximize their pay, aligning with affluent client bases, pursuing further certifications, and considering transitions to fee-only RIA models may offer paths to enhanced compensation amidst a dynamic industry.
More salary data for Dearborn, MI:
Frequently Asked Questions
How much do financial advisors make in Dearborn, MI in 2026?
Is Dearborn, MI a good place to work as a financial advisor?
Can financial advisors make $100K in Dearborn?
What is the cost-of-living adjusted financial advisor salary in Dearborn?
How much does a financial advisor make per hour in Dearborn?
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
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $76,434 for financial advisorsin the Dearborn metropolitan area. A 3.30% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
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