Financial Advisor Hourly Pay in Monroe, MI: $48.72 (2026)
Quick Answer:Hourly pay for a financial advisor working in Monroe, MI runs $48.72 at the median for 2026 — annualizing to $101,327 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Monroe's regional price level (BEA RPP 93.5, 7% below national), each hour of work buys what $52.11 nationally would. A 24-hour part-time schedule grosses $60,798 per year.
Official BLS data · View source
Financial advisors in Monroe, Michigan command a median hourly pay of $48.72, which is slightly below the national median of $52.18. This rate reflects the dynamics of part-time roles and per-diem opportunities within the profession. For instance, a financial advisor working three days a week could earn around $39,000 annually, offering a balanced option for those seeking flexibility. The hourly pay range in Monroe runs from $23.27 for entry-level positions to $258.24 for top earners. These financial professionals often find themselves operating in various settings, including wirehouse branch offices, independent advisory firms, and virtual meetings with clients. This structured environment allows them to establish long-term client relationships and provide high-quality service that can lead to repeat engagements.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $23.27 | $186.19 |
| Lower Range (P25) | $29.80 | $238.42 |
| Median (P50) | $48.72 | $389.73 |
| Upper Range (P75) | $109.19 | $873.50 |
| Top Earners (P90) | $258.24 | $2065.92 |
Estimated Annual Income by Work Schedule in Monroe
Based on $48.72/hr median hourly rate · 2026 est.
At $48.72/hr, a financial advisor working full-time (40 hr/wk) in Monroe, MI can expect to earn approximately $101,330 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $58,460. With a cost-of-living index of 93.49 (below the national average), these earnings stretch further in Monroe.
Hourly Rate Calculator
Schedule Comparison in Monroe
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,948.65 | $8,444 | $101,330 |
| Part-Time (24 hrs) | $1,169.19 | $5,066 | $60,798 |
| Per Diem (16 hrs) | $779.46 | $3,378 | $40,532 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Monroe) | $48.72 |
| 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 Monroe, MI earn a median of $101,327 per year (2026 est.), which is 6.64% lower than the national median of $108,537 and 11.30% above the Michigan state average of $91,040.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $48.72/hr = $60,798/year (purchasing power: $65,030).
Working 40h/week (full-time) = $101,330/year (purchasing power: $108,383).
CoL index: 93.492 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$39.43/hr
2025 BLS Actual
$47.16/hr
2026 Current Est.
$48.72/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Monroe (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $39.43/hr | Actual |
| 2020 | $40.10/hr | Actual |
| 2021 | $42.27/hr | Actual |
| 2022 | $42.82/hr | Actual |
| 2023 | $47.18/hr | Actual |
| 2024 | $45.84/hr | Actual |
| 2025 | $47.16/hr | Actual |
| 2026(current) | $48.72/hr | Estimated |
| 2027 | $50.32/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Monroe grew 19.6% from $39.43/hr (2019) to $47.16/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $50.32/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 Monroe 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 Monroe
Considering the earning potential for part-time advisors in Monroe, those working on a 24-hour weekly schedule can significantly enhance their income by supplementing their earnings with project-based work. Experienced financial advisors frequently charge between $3,000 to $15,000 for comprehensive financial plans, while retirement consultancy can yield retainers of $5,000 to $25,000 for small businesses. The difference in hourly rates among employers is notable; wirehouses typically present a different pay structure than independent broker-dealers or solo practices. Many advisors must weigh the trade-offs of higher hourly rates against the benefits offered by larger firms, such as health insurance. For those negotiating in Monroe, understanding the local market and emphasizing expertise can be vital. Building a network within financial services can help advisors secure better rates and opportunities to optimize their earning potential in a competitive marketplace.
More salary data for Monroe, MI:
Frequently Asked Questions
What is the hourly rate for financial advisors in Monroe in 2026?
How much do part-time financial advisors make in Monroe?
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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 Monroe. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Source: BLS, OEWS, 2-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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