Financial Advisor Hourly Pay in Inkster, MI: $42.07 (2026)
Quick Answer:Hourly pay for a financial advisor working in Inkster, MI runs $42.07 at the median for 2026 — annualizing to $87,515 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Inkster's regional price level (BEA RPP 93.2, 7% below national), each hour of work buys what $45.14 nationally would. A 24-hour part-time schedule grosses $52,508 per year.
Based on BLS state-level estimates · View source
In 2026, financial advisors in Inkster, Michigan, will earn a median hourly rate of $42.07, significantly lower than the national average of $52.18 per hour. This pay structure impacts part-time financial advisors, especially those working three days a week, who can expect to earn around $1,000 weekly for a schedule totaling 24 hours. The hourly range for this profession in Inkster is expected to span from $24.40 at the entry level up to $65.21 for top earners specializing in high-net-worth client services or niche areas like estate planning. Many advisors work in varying environments, including wirehouse branches and independent offices, which can influence their pay based on factors such as employer type and client demographic.
About the Inkster Market
Salary estimated from Michigan average ($98,000) adjusted for local cost of living.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $24.40 | $195.20 |
| Lower Range (P25) | $30.30 | $242.38 |
| Median (P50) | $42.07 | $336.59 |
| Upper Range (P75) | $53.85 | $430.80 |
| Top Earners (P90) | $65.21 | $521.71 |
Estimated Annual Income by Work Schedule in Inkster
Based on $42.07/hr median hourly rate · 2026 est.
At $42.07/hr, a financial advisor working full-time (40 hr/wk) in Inkster, MI can expect to earn approximately $87,514 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $50,489. With a cost-of-living index of 93.20 (below the national average), these earnings stretch further in Inkster.
Hourly Rate Calculator
Schedule Comparison in Inkster
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,682.96 | $7,293 | $87,514 |
| Part-Time (24 hrs) | $1,009.78 | $4,376 | $52,508 |
| Per Diem (16 hrs) | $673.19 | $2,917 | $35,006 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Inkster) | $42.07 |
| Financial Analyst (National Avg) | $47.61 |
| Accountant / Auditor (National Avg) | $39.88 |
| Insurance Sales Agent (National Avg) | $29.02 |
| Securities / Commodities Sales Agent (National Avg) | $35.30 |
Financial Advisors in Inkster, MI earn a median of $87,515 per year (2026 est.), which is 19.37% lower than the national median of $108,537 and 3.80% below the Michigan state average of $90,972.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $42.07/hr = $52,508/year (purchasing power: $56,340).
Working 40h/week (full-time) = $87,514/year (purchasing power: $93,899).
CoL index: 93.2 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$34.05/hr
2025 BLS Actual
$40.73/hr
2026 Current Est.
$42.07/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Inkster (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $34.05/hr | Actual |
| 2020 | $34.63/hr | Actual |
| 2021 | $36.50/hr | Actual |
| 2022 | $36.98/hr | Actual |
| 2023 | $38.60/hr | Actual |
| 2024 | $42.23/hr | Actual |
| 2025 | $40.73/hr | Actual |
| 2026(current) | $42.07/hr | Estimated |
| 2027 | $43.46/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Inkster grew 19.6% from $34.05/hr (2019) to $40.73/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $43.46/hr by 2027. Part-time and per-diem financial advisors can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Inkster 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.
Working as an Hourly Financial Advisor in Inkster
Part-time financial advisors can experience unique earning dynamics compared to full-time professionals. For instance, a part-timer working 24 hours weekly is projected to take home approximately $59,000 annually, which might lack the benefits and securities associated with full-time employment. Per-diem or consulting roles in Inkster are less common for entry-level positions; however, seasoned advisors can demand substantial fees for specialized services, with project-based engagements often yielding $3,000-$15,000 per plan. The hourly rates differ by employer type; wirehouses often offer lower compensation due to their expansive resources and structures, while independent advisors or those in fiduciary roles may find clients willing to pay closer to the higher spectrum of hourly pay. Therefore, potential advisors should be strategic when negotiating, weighing the trade-offs between higher hourly rates without benefits against more secure employment opportunities that may offer health insurance and other perks.
More salary data for Inkster, MI:
Frequently Asked Questions
What is the hourly rate for financial advisors in Inkster in 2026?
How much do part-time financial advisors make in Inkster?
Are financial advisors in Inkster paid hourly or salary?
How much does a full-time financial advisor make per year in Inkster?
Do financial advisors earn more per hour working part-time in Inkster?
Related Pages
Compare Salaries
Career Resources
Nearby Cities in Michigan
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
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 3.30% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for financial advisors in Inkster. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Salary data for Inkster 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