The annual salary statistics of personal financial advisors in Grand Rapids-Wyoming, Michigan is shown in Table 1. The wage information of personal financial advisors in Grand Rapids-Wyoming is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $46,210 |
| 25th Percentile Wage | $49,560 |
| 50th Percentile Wage | $69,540 |
| 75th Percentile Wage | $144,620 |
| 90th Percentile Wage | $169,570 |
Table 1 shows the average annual salary for personal financial advisors in Grand Rapids-Wyoming, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $169,570. The median (50th percentile) annual salary is $69,540. The average annual salary for the bottom 10 percent earners is $46,210.
The table and chart below show the trend of the median salary of personal financial advisors from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $69,540 | 11.20% | 21.30% |
| 2021 | $61,750 | -16.73% | - |
| 2020 | $72,080 | 2.37% | - |
| 2019 | $70,370 | 6.17% | - |
| 2018 | $66,030 | 1.80% | - |
| 2017 | $64,840 | 8.31% | - |
| 2016 | $59,450 | 5.00% | - |
| 2015 | $56,480 | 7.05% | - |
| 2014 | $52,500 | 1.52% | - |
| 2013 | $51,700 | -5.86% | - |
| 2012 | $54,730 | - | - |
From Table 3 we note that the median annual salary of $69,540 in Grand Rapids-Wyoming is in the middle of salary range for personal financial advisors in state of Michigan. In comparison, the annual salary of personal financial advisors in Grand Rapids-Wyoming is 46.8 percent (46.8%) lower than that in the highest paying Battle Creek and 27.4 percent (27.4%) higher than that in the lowest paying Holland-Grand Haven.