Financial Advisor Hourly Pay in West Bloomfield, MI: $44.22 (2026)
Quick Answer:Hourly pay for a financial advisor working in West Bloomfield, MI runs $44.22 at the median for 2026 — annualizing to $91,975 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against West Bloomfield's regional price level (BEA RPP 93.2, 7% below national), each hour of work buys what $47.45 nationally would. A 24-hour part-time schedule grosses $55,190 per year.
Based on BLS state-level estimates · View source
In West Bloomfield, Michigan, the financial advisor hourly pay stands at a median of $44.22, significantly lower than the national average of $52.18. This median rate provides valuable insight for both full-time and part-time advisors, especially those who may work in diverse environments such as wirehouse branch offices, banks, or even virtual meeting settings. For individuals considering part-time roles or per-diem work in this profession, which typically sees financial advisors controlling their schedules, the hourly earnings can range from $25.65 at the entry-level up to $68.54 for top earners. These hourly estimates are derived from annual salary data, illustrating the wide earning potential depending on experience and client base, with a variety of workplaces available within the financial advisory landscape.
About the West Bloomfield 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) | $25.65 | $205.20 |
| Lower Range (P25) | $31.84 | $254.70 |
| Median (P50) | $44.22 | $353.78 |
| Upper Range (P75) | $56.60 | $452.78 |
| Top Earners (P90) | $68.54 | $548.32 |
Estimated Annual Income by Work Schedule in West Bloomfield
Based on $44.22/hr median hourly rate · 2026 est.
At $44.22/hr, a financial advisor working full-time (40 hr/wk) in West Bloomfield, MI can expect to earn approximately $91,983 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $53,067. With a cost-of-living index of 93.20 (below the national average), these earnings stretch further in West Bloomfield.
Hourly Rate Calculator
Schedule Comparison in West Bloomfield
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,768.91 | $7,665 | $91,983 |
| Part-Time (24 hrs) | $1,061.35 | $4,599 | $55,190 |
| Per Diem (16 hrs) | $707.56 | $3,066 | $36,793 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (West Bloomfield) | $44.22 |
| 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 West Bloomfield, MI earn a median of $91,975 per year (2026 est.), which is 15.26% lower than the national median of $108,537 and 1.10% above the Michigan state average of $90,975.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $44.22/hr = $55,190/year (purchasing power: $59,217).
Working 40h/week (full-time) = $91,983/year (purchasing power: $98,695).
CoL index: 93.2 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$35.79/hr
2025 BLS Actual
$42.81/hr
2026 Current Est.
$44.22/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in West Bloomfield (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $35.79/hr | Actual |
| 2020 | $36.40/hr | Actual |
| 2021 | $38.37/hr | Actual |
| 2022 | $38.87/hr | Actual |
| 2023 | $40.57/hr | Actual |
| 2024 | $44.38/hr | Actual |
| 2025 | $42.81/hr | Actual |
| 2026(current) | $44.22/hr | Estimated |
| 2027 | $45.68/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in West Bloomfield grew 19.6% from $35.79/hr (2019) to $42.81/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $45.68/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 West Bloomfield 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 West Bloomfield
For part-time advisors working three days a week, the annual earnings can vary greatly, emphasizing a significant difference in take-home pay compared to full-time counterparts. Per diem financial advisor pay in West Bloomfield remains less common among entry-level positions, but as advisors gain experience, they often charge substantial fees for specific services, such as a comprehensive financial plan priced between $3,000 and $15,000. Different employer types also influence hourly rates. Wirehouses, independent broker-dealers, and RIAs frequently offer differing compensation structures, affecting financial advisor hourly rates in MI. Advisors may choose to accept lower hourly wages in exchange for benefits such as health insurance, whereas independent advisors might earn higher rates without such benefits. Therefore, effective negotiation strategies are essential, particularly in the current competitive job environment in West Bloomfield, where understanding your worth can significantly impact career trajectory and lifestyle.
More salary data for West Bloomfield, 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 West Bloomfield. 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 West Bloomfield 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