Financial Advisor Salary in Muskegon, MI: $165,270 (2026)
Quick Answer:A full-time financial advisor in Muskegon, MI earns a median $165,270/year (≈ $79.46/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Muskegon's price level (7% below national, BEA RPP 92.5), that paycheck buys what $178,634 would nationally. Nominal pay sits 81.6% above the Michigan state average.
Official BLS data · View source
In Muskegon, MI, the financial advisor salary reaches a promising $165,270 in 2026, significantly exceeding the national median of $108,537 by 52.27%. This figure is part of a salary range from $49,780 at the P10 level to $166,292 at the P90 level, showcasing a substantial disparity dependent on experience, client base, and business model. The data, derived from 2025 BLS OEWS surveys and projected forward, highlights how the assets under management (AUM) model heavily influences compensation in the area. As the market continues to evolve, capturing and managing high-net-worth clients has become increasingly essential, aligning with trending fiduciary practices that many Registered Investment Advisors (RIAs) implement.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $49,780 | $23.93 |
| Lower Range (P25) | $61,990 | $29.80 |
| Median (P50)(typical) | $165,270 | $79.46 |
| Upper Range (P75) | $165,270 | $79.46 |
| Top Earners (P90) | $166,292 | $79.94 |
Median Salary Position
52.27% above the national average
2026 Salary Percentile Distribution in Muskegon
In Muskegon, MI, the financial advisor salary spread from the 10th to 90th percentile is $116,512 (2026 est.). At $165,270, the local median is 52.27% above the national median of $108,537.
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At 40 hours/week in Muskegon: You'd be in the top 10% of earners
How Muskegon Financial Advisor Pay Compares
Muskegon median: $165,270/year (2026)
| Compared To | Median Salary | Muskegon Pays |
|---|---|---|
| Michigan Average | $91,008 | +81.60% more |
| National Average | $108,537 | +52.27% more |
Financial Advisors in Muskegon, MI earn a median of $165,270 per year (2026 est.), which is 52.27% higher than the national median of $108,537 and 81.60% above the Michigan state average of $91,008.
Cost-of-Living Adjusted Salary
Muskegon has a cost of living 7.48% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Muskegon, MI has a cost-of-living index of 92.519 (below the national average of 100). A financial advisor earning $165,270 nominally has purchasing power equivalent to $178,634 in an average-cost city — an effective 8.09% boost.
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2019 BLS Actual
$84,280
2025 BLS Actual
$159,990
2026 Current Est.
$165,270
2019–2027 Growth
+102.6%
Salary Trajectory for Financial Advisors in Muskegon (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $84,280 | Actual |
| 2020 | $101,950 | Actual |
| 2021 | $60,490 | Actual |
| 2022 | $103,360 | Actual |
| 2023 | $60,990 | Actual |
| 2024 | $73,990 | Actual |
| 2025 | $159,990 | Actual |
| 2026(current) | $165,270 | Estimated |
| 2027 | $170,724 | Projected |
Based on 7 years of BLS OEWS data for the Muskegon metropolitan area, the median financial advisor salary grew 89.8% from $84,280 (2019) to $159,990 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $170,724 by 2027 — a total increase of $86,444 (102.57%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Muskegon 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) | $49,780 – $61,990 |
| 3-5 years (Mid Career) | $61,990 – $165,270 |
| 5+ years (Experienced) | $165,270 – $165,270 |
| 10+ years (Top Earner) | $165,270 – $166,292 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Muskegon
The local job market for financial advisors in Muskegon is relatively stable, with around 100 professionals currently employed in the field. With a cost-of-living index of 92.519, the purchasing power for these advisors is enhanced, making the financial rewards more meaningful. High earners in this space often emerge from wirehouses like Morgan Stanley or independent broker-dealers such as LPL and Raymond James, where varying compensation structures exist. Factors such as AUM size, credential prestige like CFP or CFA, and client relationship depth drive the pay discrepancies among advisors. To maximize financial advisor pay in Muskegon, it is prudent to focus on building a strong client portfolio, specializing in financial planning for high-net-worth individuals, and considering opportunities with RIAs that offer equity stakes and competitive breakaway packages from traditional wirehouses.
More salary data for Muskegon, 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 $159,990 for financial advisorsin the Muskegon 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, 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