Financial Advisor Salary in Sterling Heights, MI: $92,914 (2026)
Quick Answer:A full-time financial advisor in Sterling Heights, MI earns a median $92,914/year (≈ $44.67/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Sterling Heights's price level (7% below national, BEA RPP 93.2), that paycheck buys what $99,693 would nationally. Nominal pay sits 2.1% above the Michigan state average.
Based on BLS state-level estimates · View source
With a projected median annual salary of $92,914 for financial advisors in Sterling Heights, MI, the compensation landscape reveals considerable potential, especially when compared to the national median of $108,537. Salaries in this field range from $53,891 at the 10th percentile to $144,017 at the 90th percentile, indicating a diverse earning potential depending on experience and firm structure. Local estimates, derived from 2025 BLS data and adjusted for regional cost factors, reflect the transitioning dynamics of the financial advisory sector. As many advisors consider independence or transitioning from traditional brokerages, the implications for long-term earnings become profound, making Sterling Heights a noteworthy market for both seasoned professionals and aspiring entrants.
About the Sterling Heights Market
Salary estimated from Michigan average ($98,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $53,891 | $25.91 |
| Lower Range (P25) | $66,898 | $32.17 |
| Median (P50)(typical) | $92,914 | $44.67 |
| Upper Range (P75) | $118,930 | $57.18 |
| Top Earners (P90) | $144,017 | $69.24 |
Median Salary Position
14.39% below the national average
2026 Salary Percentile Distribution in Sterling Heights
In Sterling Heights, MI, the financial advisor salary spread from the 10th to 90th percentile is $90,126 (2026 est.). At $92,914, the local median is 14.39% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Sterling Heights: You'd be in the lower-middle range
How Sterling Heights Financial Advisor Pay Compares
Sterling Heights median: $92,914/year (2026)
| Compared To | Median Salary | Sterling Heights Pays |
|---|---|---|
| Michigan Average | $91,003 | +2.10% more |
| National Average | $108,537 | -14.39% less |
Financial Advisors in Sterling Heights, MI earn a median of $92,914 per year (2026 est.), which is 14.39% lower than the national median of $108,537 and 2.10% above the Michigan state average of $91,003.
Cost-of-Living Adjusted Salary
Sterling Heights 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.
Sterling Heights, MI has a cost-of-living index of 93.2 (below the national average of 100). A financial advisor earning $92,914 nominally has purchasing power equivalent to $99,693 in an average-cost city — an effective 7.3% boost.
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2019 BLS Actual
$75,205
2025 BLS Actual
$89,946
2026 Current Est.
$92,914
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Sterling Heights (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $75,205 | Actual |
| 2020 | $76,472 | Actual |
| 2021 | $80,615 | Actual |
| 2022 | $81,659 | Actual |
| 2023 | $85,246 | Actual |
| 2024 | $93,249 | Actual |
| 2025 | $89,946 | Actual |
| 2026(current) | $92,914 | Estimated |
| 2027 | $95,980 | Projected |
Based on 7 years of BLS OEWS data for the Sterling Heights metropolitan area, the median financial advisor salary grew 19.6% from $75,205 (2019) to $89,946 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $95,980 by 2027 — a total increase of $20,775 (27.62%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Sterling Heights 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) | $53,891 – $66,898 |
| 3-5 years (Mid Career) | $66,898 – $92,914 |
| 5+ years (Experienced) | $92,914 – $118,930 |
| 10+ years (Top Earner) | $118,930 – $144,017 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Sterling Heights
In Sterling Heights, the financial advisory market is supported by 29 active advisors, creating a compact yet competitive environment. With a cost-of-living index of 93.2, the purchasing power for financial advisors can often stretch further than in higher-cost areas, enhancing overall take-home pay. Key employers in the city, including renowned wirehouses and independent broker-dealers, tend to offer varied compensation packages reflecting their business models. The income disparity seen in the salary range can often be attributed to factors such as the assets under management (AUM) that an advisor oversees, fee models utilized (e.g., the 1% AUM typically seen at RIAs versus commissions in wirehouses), and client demographics. To elevate financial advisor pay in Sterling Heights, professionals might consider gaining relevant credentials such as CFP or CFA, which can boost credibility and client trust, particularly among high-net-worth individual clients.
More salary data for Sterling Heights, 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 $89,946 for financial advisorsin the Sterling Heights 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 Sterling Heights 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