Financial Advisor Hourly Pay in Livonia, MI: $43.10 (2026)
Quick Answer:Hourly pay for a financial advisor working in Livonia, MI runs $43.10 at the median for 2026 — annualizing to $89,647 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Livonia's regional price level (BEA RPP 93.2, 7% below national), each hour of work buys what $46.24 nationally would. A 24-hour part-time schedule grosses $53,785 per year.
Based on BLS state-level estimates · View source
In Livonia, Michigan, financial advisors earn a median hourly pay of $43.10, which reflects the nuanced dynamics of the local industry compared to the national median hourly rate of $52.18. This difference presents an interesting landscape for part-time workers or per-diem financial advisors. For those working roughly three days a week (24 hours), this hourly rate can translate into a viable income, depending on their client load. Financial advisors often work in varied settings—such as wirehouse branch offices, registered investment advisor (RIA) conference rooms, or client home visits—providing flexibility in how they structure their engagements. The hourly pay in Livonia ranges from $25.00 for entry-level positions up to $66.80 for seasoned professionals, illustrating the potential earnings for those at different stages in their careers.
About the Livonia 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) | $25.00 | $199.99 |
| Lower Range (P25) | $31.03 | $248.25 |
| Median (P50) | $43.10 | $344.77 |
| Upper Range (P75) | $55.16 | $441.30 |
| Top Earners (P90) | $66.80 | $534.43 |
Estimated Annual Income by Work Schedule in Livonia
Based on $43.10/hr median hourly rate · 2026 est.
At $43.10/hr, a financial advisor working full-time (40 hr/wk) in Livonia, MI can expect to earn approximately $89,641 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $51,716. With a cost-of-living index of 93.20 (below the national average), these earnings stretch further in Livonia.
Hourly Rate Calculator
Schedule Comparison in Livonia
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,723.87 | $7,470 | $89,641 |
| Part-Time (24 hrs) | $1,034.32 | $4,482 | $53,785 |
| Per Diem (16 hrs) | $689.55 | $2,988 | $35,857 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Livonia) | $43.10 |
| 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 Livonia, MI earn a median of $89,647 per year (2026 est.), which is 17.40% lower than the national median of $108,537 and 1.50% below the Michigan state average of $91,012.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $43.10/hr = $53,785/year (purchasing power: $57,709).
Working 40h/week (full-time) = $89,641/year (purchasing power: $96,182).
CoL index: 93.2 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$34.88/hr
2025 BLS Actual
$41.72/hr
2026 Current Est.
$43.10/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Livonia (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $34.88/hr | Actual |
| 2020 | $35.47/hr | Actual |
| 2021 | $37.39/hr | Actual |
| 2022 | $37.88/hr | Actual |
| 2023 | $39.54/hr | Actual |
| 2024 | $43.26/hr | Actual |
| 2025 | $41.72/hr | Actual |
| 2026(current) | $43.10/hr | Estimated |
| 2027 | $44.52/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Livonia grew 19.6% from $34.88/hr (2019) to $41.72/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $44.52/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 Livonia 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 Livonia
When it comes to part-time earning potential, a financial advisor working 24 hours a week could take home approximately $53,852 annually, which starkly contrasts with full-time earnings. Per diem positions are less common for entry-level advisors, but experienced fiduciaries may offer project-based financial plans, charging substantial fees that can range from $3,000 to $15,000 each for comprehensive plans. Additionally, those consulting on retirement plans for small businesses can see retainers between $5,000 and $25,000 annually. The diversity of employer types in Livonia, including wirehouses, independent broker-dealers, and fee-only fiduciaries, leads to variations in hourly rates and benefits packages. Many younger advisors find themselves weighing the trade-offs between higher hourly pay and valuable benefits like health insurance. For those seeking hourly positions, it’s advisable to negotiate compensation effectively by considering local norms, demand for specialized skills, and personal qualifications while remaining cognizant of the evolving fiduciary landscape in the financial planning industry.
More salary data for Livonia, 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
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 Livonia. 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 Livonia 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