Financial Advisor Salary in Lincoln Park, MI: $89,828 (2026)
Quick Answer:A full-time financial advisor in Lincoln Park, MI earns a median $89,828/year (≈ $43.19/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Lincoln Park's price level (7% below national, BEA RPP 93.2), that paycheck buys what $96,382 would nationally. Nominal pay sits 1.3% below the Michigan state average.
Based on BLS state-level estimates · View source
In 2026, financial advisors in Lincoln Park, Michigan, can expect a median annual salary of $89,828, which reflects the local market's adaptation to the growing trend of fee-only fiduciary advisors. The salary range for this profession spans from $52,100 at the 10th percentile to $139,233 at the 90th percentile. These estimates, derived from 2025 BLS data and adjusted for regional economic factors, highlight the local compensation climate as relatively competitive but lower than the national median of $108,537. Factors such as the increasing prestige of the CFP designation and the ongoing shift towards fiduciary practices may influence this salary landscape, impacting hiring decisions in Lincoln Park’s financial advisory sector.
About the Lincoln Park Market
Salary estimated from Michigan average ($98,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $52,100 | $25.05 |
| Lower Range (P25) | $64,676 | $31.09 |
| Median (P50)(typical) | $89,828 | $43.19 |
| Upper Range (P75) | $114,979 | $55.28 |
| Top Earners (P90) | $139,233 | $66.94 |
Median Salary Position
17.24% below the national average
2026 Salary Percentile Distribution in Lincoln Park
In Lincoln Park, MI, the financial advisor salary spread from the 10th to 90th percentile is $87,133 (2026 est.). At $89,828, the local median is 17.24% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Lincoln Park: You'd be in the lower-middle range
How Lincoln Park Financial Advisor Pay Compares
Lincoln Park median: $89,828/year (2026)
| Compared To | Median Salary | Lincoln Park Pays |
|---|---|---|
| Michigan Average | $91,011 | -1.30% less |
| National Average | $108,537 | -17.24% less |
Financial Advisors in Lincoln Park, MI earn a median of $89,828 per year (2026 est.), which is 17.24% lower than the national median of $108,537 and 1.30% below the Michigan state average of $91,011.
Cost-of-Living Adjusted Salary
Lincoln Park 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.
Lincoln Park, MI has a cost-of-living index of 93.2 (below the national average of 100). A financial advisor earning $89,828 nominally has purchasing power equivalent to $96,382 in an average-cost city — an effective 7.3% boost.
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2019 BLS Actual
$72,706
2025 BLS Actual
$86,958
2026 Current Est.
$89,828
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Lincoln Park (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $72,706 | Actual |
| 2020 | $73,931 | Actual |
| 2021 | $77,937 | Actual |
| 2022 | $78,947 | Actual |
| 2023 | $82,414 | Actual |
| 2024 | $90,152 | Actual |
| 2025 | $86,958 | Actual |
| 2026(current) | $89,828 | Estimated |
| 2027 | $92,792 | Projected |
Based on 7 years of BLS OEWS data for the Lincoln Park metropolitan area, the median financial advisor salary grew 19.6% from $72,706 (2019) to $86,958 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $92,792 by 2027 — a total increase of $20,086 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Lincoln 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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $52,100 – $64,676 |
| 3-5 years (Mid Career) | $64,676 – $89,828 |
| 5+ years (Experienced) | $89,828 – $114,979 |
| 10+ years (Top Earner) | $114,979 – $139,233 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Lincoln Park
The local market for financial advisors in Lincoln Park, with only eight professionals currently employed, offers a unique context for compensation dynamics. Given the cost-of-living index of 93.2, advisors may find that their take-home pay affords them slightly more purchasing power compared to other regions. Employers such as wirehouses—Morgan Stanley and Merrill Lynch—or independent broker-dealers, often lead salary offers. The differences in compensation are influenced by factors like assets under management (AUM), fee structures, and client configurations. For instance, advisors with a strong AUM base can benefit from a fee-based model that often yields higher payouts compared to commission-based structures found in traditional wirehouses. Engaging with high-net-worth clients or obtaining CFP credentials can further elevate earning potential in this market.
More salary data for Lincoln 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
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 $86,958 for financial advisorsin the Lincoln Park 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 Lincoln 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