Financial Advisor Salary in Monroe, MI: $101,327 (2026)
Quick Answer:A full-time financial advisor in Monroe, MI earns a median $101,327/year (≈ $48.72/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Monroe's price level (7% below national, BEA RPP 93.5), that paycheck buys what $108,380 would nationally. Nominal pay sits 11.3% above the Michigan state average.
Official BLS data · View source
In 2026, the financial advisor salary in Monroe is projected to reach a median annual compensation of $101,327, which reflects a 6.64% deficit compared to the national median of $108,537. This figure represents a wide salary range — from $48,406 at the 10th percentile to $537,139 at the 90th percentile — highlighting the disparity in earnings driven largely by the structural divide between wirehouse and Registered Investment Advisor (RIA) models. In Monroe, financial advisors face unique compensation dynamics shaped by their method of client engagement and revenue generation. Official Bureau of Labor Statistics (BLS) data underlines that understanding how much do financial advisors make in Monroe involves analyzing both the assets under management (AUM) model and the prevailing fee structures among different employer types.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $48,406 | $23.27 |
| Lower Range (P25) | $61,980 | $29.80 |
| Median (P50)(typical) | $101,327 | $48.72 |
| Upper Range (P75) | $227,105 | $109.19 |
| Top Earners (P90) | $537,139 | $258.24 |
Median Salary Position
6.64% below the national average
2026 Salary Percentile Distribution in Monroe
In Monroe, MI, the financial advisor salary spread from the 10th to 90th percentile is $488,733 (2026 est.). At $101,327, the local median is 6.64% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Monroe: You'd be in the entry-level range
How Monroe Financial Advisor Pay Compares
Monroe median: $101,327/year (2026)
| Compared To | Median Salary | Monroe Pays |
|---|---|---|
| Michigan Average | $91,040 | +11.30% more |
| National Average | $108,537 | -6.64% less |
Financial Advisors in Monroe, MI earn a median of $101,327 per year (2026 est.), which is 6.64% lower than the national median of $108,537 and 11.30% above the Michigan state average of $91,040.
Cost-of-Living Adjusted Salary
Monroe has a cost of living 6.51% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Monroe, MI has a cost-of-living index of 93.492 (below the national average of 100). A financial advisor earning $101,327 nominally has purchasing power equivalent to $108,380 in an average-cost city — an effective 6.96% boost.
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2019 BLS Actual
$82,014
2025 BLS Actual
$98,090
2026 Current Est.
$101,327
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Monroe (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $82,014 | Actual |
| 2020 | $83,396 | Actual |
| 2021 | $87,914 | Actual |
| 2022 | $89,053 | Actual |
| 2023 | $98,130 | Actual |
| 2024 | $95,355 | Actual |
| 2025 | $98,090 | Actual |
| 2026(current) | $101,327 | Estimated |
| 2027 | $104,671 | Projected |
Based on 7 years of BLS OEWS data for the Monroe metropolitan area, the median financial advisor salary grew 19.6% from $82,014 (2019) to $98,090 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $104,671 by 2027 — a total increase of $22,657 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Monroe 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) | $48,406 – $61,980 |
| 3-5 years (Mid Career) | $61,980 – $101,327 |
| 5+ years (Experienced) | $101,327 – $227,105 |
| 10+ years (Top Earner) | $227,105 – $537,139 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Monroe
With approximately 70 financial advisors currently operating in Monroe, MI, the job market demonstrates a solid demand for professionals in this field. The area’s cost of living index stands at 93.492, lower than the national average, which creates favorable conditions for potential take-home earnings. Employers that generally pay the highest salaries for financial advisors include national wirehouses like Morgan Stanley and UBS, as well as independent broker-dealers such as Raymond James. The such salary variations stem from factors like AUM book size, fee models—1% AUM at RIAs versus commissions at wirehouses—and financial certifications that can elevate pay. To maximize financial advisor pay in Monroe, professionals are encouraged to pursue advanced credentials like the CFP or CFA, seek high-net-worth clients, and consider transitioning to or establishing fee-only practice models where fiduciary standards prevail over commission-based structures.
More salary data for Monroe, 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 $98,090 for financial advisorsin the Monroe 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
Source: BLS, OEWS, 2-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