Financial Advisor Salary in Saginaw, MI: $73,921 (2026)
Quick Answer:A full-time financial advisor in Saginaw, MI earns a median $73,921/year (≈ $35.54/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Saginaw's price level (9% below national, BEA RPP 90.9), that paycheck buys what $81,329 would nationally. Nominal pay sits 18.8% below the Michigan state average.
Official BLS data · View source
Financial advisors in Saginaw, MI, can expect a median annual salary of $73,921 in 2026, significantly lower than the national median of $108,537. Salary ranges in this area vary widely, from $45,328 at the 10th percentile to as high as $178,430 at the 90th percentile, indicating a diverse financial advisory landscape shaped primarily by the distinction between wirehouse and RIA fiduciary models. This disparity in compensation reflects the adoption of different fee structures, with RIAs typically utilizing an Assets Under Management (AUM) model, while wirehouses may still rely on commission-based pay. Such dynamics are crucial for those looking to enter the field, as Saginaw’s market offers various employment opportunities for advisors equipped with the right credentials and understanding of local client needs.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $45,328 | $21.80 |
| Lower Range (P25) | $61,381 | $29.51 |
| Median (P50)(typical) | $73,921 | $35.54 |
| Upper Range (P75) | $114,508 | $55.06 |
| Top Earners (P90) | $178,430 | $85.78 |
Median Salary Position
31.89% below the national average
2026 Salary Percentile Distribution in Saginaw
In Saginaw, MI, the financial advisor salary spread from the 10th to 90th percentile is $133,102 (2026 est.). At $73,921, the local median is 31.89% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Saginaw: You'd be in the entry-level range
How Saginaw Financial Advisor Pay Compares
Saginaw median: $73,921/year (2026)
| Compared To | Median Salary | Saginaw Pays |
|---|---|---|
| Michigan Average | $91,036 | -18.80% less |
| National Average | $108,537 | -31.89% less |
Financial Advisors in Saginaw, MI earn a median of $73,921 per year (2026 est.), which is 31.89% lower than the national median of $108,537 and 18.80% below the Michigan state average of $91,036.
Cost-of-Living Adjusted Salary
Saginaw has a cost of living 9.11% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Saginaw, MI has a cost-of-living index of 90.891 (below the national average of 100). A financial advisor earning $73,921 nominally has purchasing power equivalent to $81,329 in an average-cost city — an effective 10.02% boost.
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2019 BLS Actual
$72,120
2025 BLS Actual
$71,560
2026 Current Est.
$73,921
2019–2027 Growth
+5.9%
Salary Trajectory for Financial Advisors in Saginaw (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $72,120 | Actual |
| 2020 | $60,530 | Actual |
| 2021 | $62,170 | Actual |
| 2022 | $64,080 | Actual |
| 2023 | $76,700 | Actual |
| 2024 | $95,360 | Actual |
| 2025 | $71,560 | Actual |
| 2026(current) | $73,921 | Estimated |
| 2027 | $76,361 | Projected |
Based on 7 years of BLS OEWS data for the Saginaw metropolitan area, the median financial advisor salary grew -0.8% from $72,120 (2019) to $71,560 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $76,361 by 2027 — a total increase of $4,241 (5.88%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Saginaw 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) | $45,328 – $61,381 |
| 3-5 years (Mid Career) | $61,381 – $73,921 |
| 5+ years (Experienced) | $73,921 – $114,508 |
| 10+ years (Top Earner) | $114,508 – $178,430 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Saginaw
With approximately 110 financial advisors currently employed in the Saginaw region, the local labor market shows stability and potential for growth, supported by an annual growth rate of 3.30%. The cost of living as indicated by the index score of 90.891 suggests that while salaries are lower than the national average, advisors in Saginaw enjoy a favorable purchasing power relative to local expenses. Key employers in the area, including wirehouses like Merrill Lynch and RFBank wealth management branches, typically offer higher salaries compared to independent broker-dealers and RIAs. The variation in earnings is influenced by factors such as AUM book size, client concentration, and professional credentials like the CFP or CFA designations. Financial advisors aiming to maximize their earnings in Saginaw should consider aligning with firms that offer fiduciary fee models and pursue higher-value clientele, leveraging their qualifications and building a robust client portfolio.
More salary data for Saginaw, 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 $71,560 for financial advisorsin the Saginaw 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