Financial Advisor Salary in Westland, MI: $91,334 (2026)
Quick Answer:A full-time financial advisor in Westland, MI earns a median $91,334/year (≈ $43.91/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Westland's price level (7% below national, BEA RPP 93.2), that paycheck buys what $97,998 would nationally. Nominal pay sits 0.4% above the Michigan state average.
Based on BLS state-level estimates · View source
In Westland, Michigan, financial advisors can expect a median annual salary of $91,334, which is notably lower than the national median of $108,537. The local salary range for this profession spans from $52,973 at the lower end to $141,567 for the top earners. These figures are informed by estimates derived from 2025 BLS data and account for regional cost adjustments. The compensation landscape reflects the ongoing structural divide between commission-based wirehouse models and fee-only Registered Investment Advisors (RIAs), affecting how much financial advisors can earn based on their business models and clientele.
About the Westland Market
Salary estimated from Michigan average ($98,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $52,973 | $25.46 |
| Lower Range (P25) | $65,761 | $31.62 |
| Median (P50)(typical) | $91,334 | $43.91 |
| Upper Range (P75) | $116,907 | $56.21 |
| Top Earners (P90) | $141,567 | $68.06 |
Median Salary Position
15.85% below the national average
2026 Salary Percentile Distribution in Westland
In Westland, MI, the financial advisor salary spread from the 10th to 90th percentile is $88,594 (2026 est.). At $91,334, the local median is 15.85% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Westland: You'd be in the lower-middle range
How Westland Financial Advisor Pay Compares
Westland median: $91,334/year (2026)
| Compared To | Median Salary | Westland Pays |
|---|---|---|
| Michigan Average | $90,970 | +0.40% more |
| National Average | $108,537 | -15.85% less |
Financial Advisors in Westland, MI earn a median of $91,334 per year (2026 est.), which is 15.85% lower than the national median of $108,537 and 0.40% above the Michigan state average of $90,970.
Cost-of-Living Adjusted Salary
Westland 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.
Westland, MI has a cost-of-living index of 93.2 (below the national average of 100). A financial advisor earning $91,334 nominally has purchasing power equivalent to $97,998 in an average-cost city — an effective 7.3% boost.
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2019 BLS Actual
$73,925
2025 BLS Actual
$88,416
2026 Current Est.
$91,334
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Westland (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $73,925 | Actual |
| 2020 | $75,171 | Actual |
| 2021 | $79,244 | Actual |
| 2022 | $80,270 | Actual |
| 2023 | $83,796 | Actual |
| 2024 | $91,663 | Actual |
| 2025 | $88,416 | Actual |
| 2026(current) | $91,334 | Estimated |
| 2027 | $94,348 | Projected |
Based on 7 years of BLS OEWS data for the Westland metropolitan area, the median financial advisor salary grew 19.6% from $73,925 (2019) to $88,416 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $94,348 by 2027 — a total increase of $20,423 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Westland 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) | $52,973 – $65,761 |
| 3-5 years (Mid Career) | $65,761 – $91,334 |
| 5+ years (Experienced) | $91,334 – $116,907 |
| 10+ years (Top Earner) | $116,907 – $141,567 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Westland
At present, the local job market features 14 financial advisors, which indicates a relatively stable demand within Westland. The cost-of-living index in the area sits at 93.2, presenting greater purchasing power compared to national averages. Employers like wirehouses such as Morgan Stanley and Merrill Lynch, as well as independent broker-dealers like Raymond James, tend to offer varying salaries. The income disparity often hinges on factors such as assets under management (AUM), fee structures, and client bases. For those looking to maximize their financial advisor pay in Westland, pursuing advanced credentials such as the CFP or CFA can significantly enhance earning potential, while advisors with a higher concentration of high-net-worth clients often secure better compensation packages.
More salary data for Westland, 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 $88,416 for financial advisorsin the Westland 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 Westland 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