Business & Finance Lansing, MI Pop. 112,644

Financial Advisor Salary in Lansing, Michigan

The median financial advisor salary in Lansing, MI is $82,035 per year, which is 14% below the national median and 4.4% below the Michigan state average.

City Median
$82,035
vs State Avg
$-3,816
vs National
$-13,355
Cost of Living
86%

Financial Advisor Salary in Lansing by Experience

In Lansing, an entry-level financial advisor earns around $41,280, while experienced professionals earn up to $154,800 per year. The local cost of living index is 86% of the national average.

Entry Level (0-2 yrs)
$41,280
$-6,720 vs national
Mid Level (3-7 yrs)
$81,700
$-13,300 vs national
Senior Level (8+ yrs)
$154,800
$-25,200 vs national

Salary Percentiles in Lansing, MI

Percentile Lansing
10th Percentile $38,184
25th Percentile $53,664
Median (50th) $82,035
75th Percentile $128,140
90th Percentile $205,540

Financial Advisor Salary in Other Michigan Cities

Ann Arbor, MI
$100,160
Pop. 123,851
Grand Rapids, MI
$85,851
Pop. 198,917
Detroit, MI
$83,943
Pop. 639,111
Warren, MI
$83,943
Pop. 139,387

How to Become a Financial Advisor in Lansing

Education

Most financial advisor positions require a bachelor's degree. Lansing 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 Lansing may vary based on local industry and population growth.