Financial Advisor Salary in Kentwood, MI: $90,724 (2026)
Quick Answer:A full-time financial advisor in Kentwood, MI earns a median $90,724/year (≈ $43.61/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Kentwood's price level (7% below national, BEA RPP 93.2), that paycheck buys what $97,343 would nationally. Nominal pay sits 0.3% below the Michigan state average.
Based on BLS state-level estimates · View source
In 2026, financial advisors in Kentwood, Michigan, are expected to earn a median annual salary of $90,724, which falls significantly below the national median of $108,537. This salary figure represents a full range of compensation from $52,620 at the 10th percentile to $140,622 at the 90th percentile. These estimates are derived from 2025 BLS data adjusted for regional cost differences, reflecting the ongoing influence of the AUM (assets under management) compensation model predominant at RIAs versus commission-based structures often found in wirehouses. As a result, financial advisor pay in Kentwood can vary considerably based on the advisor's firm type, client base, and business model, ensuring a dynamic job market for both those entering and evolving within the field.
About the Kentwood Market
Salary estimated from Michigan average ($98,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $52,620 | $25.30 |
| Lower Range (P25) | $65,322 | $31.40 |
| Median (P50)(typical) | $90,724 | $43.61 |
| Upper Range (P75) | $116,127 | $55.83 |
| Top Earners (P90) | $140,622 | $67.61 |
Median Salary Position
16.41% below the national average
2026 Salary Percentile Distribution in Kentwood
In Kentwood, MI, the financial advisor salary spread from the 10th to 90th percentile is $88,002 (2026 est.). At $90,724, the local median is 16.41% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Kentwood: You'd be in the lower-middle range
How Kentwood Financial Advisor Pay Compares
Kentwood median: $90,724/year (2026)
| Compared To | Median Salary | Kentwood Pays |
|---|---|---|
| Michigan Average | $90,997 | -0.30% less |
| National Average | $108,537 | -16.41% less |
Financial Advisors in Kentwood, MI earn a median of $90,724 per year (2026 est.), which is 16.41% lower than the national median of $108,537 and 0.30% below the Michigan state average of $90,997.
Cost-of-Living Adjusted Salary
Kentwood has a cost of living 6.80% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Kentwood, MI has a cost-of-living index of 93.2 (below the national average of 100). A financial advisor earning $90,724 nominally has purchasing power equivalent to $97,343 in an average-cost city — an effective 7.3% boost.
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2019 BLS Actual
$73,432
2025 BLS Actual
$87,826
2026 Current Est.
$90,724
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Kentwood (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $73,432 | Actual |
| 2020 | $74,669 | Actual |
| 2021 | $78,715 | Actual |
| 2022 | $79,735 | Actual |
| 2023 | $83,237 | Actual |
| 2024 | $88,820 | Actual |
| 2025 | $87,826 | Actual |
| 2026(current) | $90,724 | Estimated |
| 2027 | $93,718 | Projected |
Based on 7 years of BLS OEWS data for the Kentwood metropolitan area, the median financial advisor salary grew 19.6% from $73,432 (2019) to $87,826 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $93,718 by 2027 — a total increase of $20,286 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Kentwood 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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $52,620 – $65,322 |
| 3-5 years (Mid Career) | $65,322 – $90,724 |
| 5+ years (Experienced) | $90,724 – $116,127 |
| 10+ years (Top Earner) | $116,127 – $140,622 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Kentwood
Though there are only seven financial advisors currently employed in Kentwood, the local job market shows promise, especially when considering the city's cost of living index of 93.2, indicating that take-home pay stretches further than in many other regions. Among firms, wirehouses like Morgan Stanley or UBS tend to offer the highest salaries, yet RIAs and independent broker-dealers can also be lucrative settings, particularly for advisors who emphasize a fiduciary approach. The pay disparity typically stems from factors such as AUM size, client wealth concentration, and the professional credentials such as CFP or CFA. Advisors interested in maximizing their financial advisor salary in Kentwood would benefit from building a substantial AUM and seeking high-net-worth clients, which drive revenue through fee-based models. Continuous professional development and expanding networks within Kentwood's financial services community will also be pivotal for long-term success in this evolving field.
More salary data for Kentwood, 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
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $87,826 for financial advisorsin the Kentwood metropolitan area. A 3.30% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Kentwood 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