Financial Advisor Salary in Norton Shores, MI: $169,295 (2026)
Quick Answer:A full-time financial advisor in Norton Shores, MI earns a median $169,295/year (≈ $81.39/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Norton Shores's price level (7% below national, BEA RPP 93.2), that paycheck buys what $181,647 would nationally. Nominal pay sits 86.0% above the Michigan state average.
Based on BLS state-level estimates · View source
In 2026, financial advisors in Norton Shores, Michigan, can expect a median annual salary of $169,295, which significantly exceeds the national median of $108,537 by about 55.98%. This reflects local estimates derived from BLS state-level data and BEA regional price adjustments. The salary range for financial advisors spans from $98,191 at the 10th percentile to $262,408 at the 90th percentile. Factors such as the rising demand for fiduciary fee-only advisory services and the value of obtaining a CFP credential contribute to this robust compensation landscape. With only four financial advisors currently employed in the area, the market is relatively niche, suggesting strong potential for growth and competitive salaries in this occupation.
About the Norton Shores Market
Salary estimated from Michigan average ($98,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $98,191 | $47.21 |
| Lower Range (P25) | $121,893 | $58.60 |
| Median (P50)(typical) | $169,295 | $81.39 |
| Upper Range (P75) | $216,698 | $104.18 |
| Top Earners (P90) | $262,408 | $126.16 |
Median Salary Position
55.98% above the national average
2026 Salary Percentile Distribution in Norton Shores
In Norton Shores, MI, the financial advisor salary spread from the 10th to 90th percentile is $164,217 (2026 est.). At $169,295, the local median is 55.98% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Norton Shores: You'd be in the lower-middle range
How Norton Shores Financial Advisor Pay Compares
Norton Shores median: $169,295/year (2026)
| Compared To | Median Salary | Norton Shores Pays |
|---|---|---|
| Michigan Average | $91,019 | +86.00% more |
| National Average | $108,537 | +55.98% more |
Financial Advisors in Norton Shores, MI earn a median of $169,295 per year (2026 est.), which is 55.98% higher than the national median of $108,537 and 86.00% above the Michigan state average of $91,019.
Cost-of-Living Adjusted Salary
Norton Shores 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.
Norton Shores, MI has a cost-of-living index of 93.2 (below the national average of 100). A financial advisor earning $169,295 nominally has purchasing power equivalent to $181,647 in an average-cost city — an effective 7.3% boost.
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2019 BLS Actual
$137,027
2025 BLS Actual
$163,887
2026 Current Est.
$169,295
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Norton Shores (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $137,027 | Actual |
| 2020 | $139,336 | Actual |
| 2021 | $146,885 | Actual |
| 2022 | $148,788 | Actual |
| 2023 | $155,324 | Actual |
| 2024 | $87,947 | Actual |
| 2025 | $163,887 | Actual |
| 2026(current) | $169,295 | Estimated |
| 2027 | $174,882 | Projected |
Based on 7 years of BLS OEWS data for the Norton Shores metropolitan area, the median financial advisor salary grew 19.6% from $137,027 (2019) to $163,887 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $174,882 by 2027 — a total increase of $37,855 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Norton Shores 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) | $98,191 – $121,893 |
| 3-5 years (Mid Career) | $121,893 – $169,295 |
| 5+ years (Experienced) | $169,295 – $216,698 |
| 10+ years (Top Earner) | $216,698 – $262,408 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Norton Shores
The job market for financial advisors in Norton Shores reveals a steady local employment scene despite the small number of positions available. With a cost-of-living index of 93.2, advisors enjoy enhanced purchasing power, further boosting their financial advisor pay in Norton Shores, MI. Among local employers, wirehouses and RIAs are likely to offer the highest salaries, particularly as fiduciary firms see heightened interest and client assets under management grow. The wide salary variance is driven by factors such as fee models—1% AUM at RIAs compared to commission structures at wirehouses—and the added value of advisors with CFP or CFA credentials. For those looking to maximize their compensation in this market, focusing on a strength in fiduciary services and diversifying client portfolios, especially towards high-net-worth individuals, are practical strategies to consider.
More salary data for Norton Shores, 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 $163,887 for financial advisorsin the Norton Shores 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 Norton Shores 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