Business & Finance Grand Rapids, MI Pop. 198,917

Financial Advisor Salary in Grand Rapids, Michigan

The median financial advisor salary in Grand Rapids, MI is $85,851 per year, which is 10% below the national median and 0.0% above the Michigan state average.

City Median
$85,851
vs State Avg
+$0
vs National
$-9,539
Cost of Living
90%

Financial Advisor Salary in Grand Rapids by Experience

In Grand Rapids, an entry-level financial advisor earns around $43,200, while experienced professionals earn up to $162,000 per year. The local cost of living index is 90% of the national average.

Entry Level (0-2 yrs)
$43,200
$-4,800 vs national
Mid Level (3-7 yrs)
$85,500
$-9,500 vs national
Senior Level (8+ yrs)
$162,000
$-18,000 vs national

Salary Percentiles in Grand Rapids, MI

Percentile Grand Rapids
10th Percentile $39,960
25th Percentile $56,160
Median (50th) $85,851
75th Percentile $134,100
90th Percentile $215,100

Financial Advisor Salary in Other Michigan Cities

Ann Arbor, MI
$100,160
Pop. 123,851
Detroit, MI
$83,943
Pop. 639,111
Warren, MI
$83,943
Pop. 139,387
Lansing, MI
$82,035
Pop. 112,644

How to Become a Financial Advisor in Grand Rapids

Education

Most financial advisor positions require a bachelor's degree. Grand Rapids and the surrounding Michigan area have institutions offering relevant programs.

Key Skills

Investment PlanningPortfolio ManagementTax PlanningClient RelationsFinancial AnalysisCFA/CFP

Job Outlook

Nationally, financial advisor employment is projected to grow 13% over the next decade (much faster than average). Demand in Grand Rapids may vary based on local industry and population growth.

Find Financial Advisor Jobs in Grand Rapids

Browse open financial advisor positions in Grand Rapids, MI:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Financial Advisor Salary in Grand Rapids

How much does a Financial Advisor make in Grand Rapids, MI? ▼
The median financial advisor salary in Grand Rapids, Michigan is $85,851 per year, which is 10% below the national median of $95,390. Salaries range from $39,960 (10th percentile) to $215,100 (90th percentile).
How much does a Financial Advisor make per hour in Grand Rapids? ▼
Based on the median annual salary of $85,851, a financial advisor in Grand Rapids earns approximately $41 per hour assuming a standard 2,080-hour work year.
How does Grand Rapids compare to the Michigan state average for financial advisor pay? ▼
Grand Rapids's median financial advisor salary of $85,851 is 0.0% above the Michigan state average of $85,851. The local cost of living index is 90% of the national average.
What is the cost of living in Grand Rapids, MI? ▼
Grand Rapids has a cost of living index of 90% compared to the national average. This means a financial advisor salary of $85,851 in Grand Rapids has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial advisor in Grand Rapids? ▼
Most financial advisor positions in Grand Rapids require a bachelor's degree. Key skills include Investment Planning, Portfolio Management, Tax Planning, Client Relations. The job market is projected to grow 13% nationally over the next decade.