The annual salary statistics of personal financial advisors in Kalamazoo-Portage, Michigan is shown in Table 1. The wage statistics of personal financial advisors in Kalamazoo-Portage 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 | $41,360 |
| 25th Percentile Wage | $59,850 |
| 50th Percentile Wage | $92,500 |
| 75th Percentile Wage | $172,810 |
| 90th Percentile Wage | $163,650 |
Table 1 shows the average annual salary for personal financial advisors in Kalamazoo-Portage, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $163,650. The median (50th percentile) annual salary is $92,500. The average annual salary for the bottom 10 percent earners is $41,360.
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 | $92,500 | 16.34% | 13.97% |
| 2021 | $77,390 | -2.79% | - |
| 2020 | $79,550 | 12.17% | - |
| 2019 | $69,870 | -37.88% | - |
| 2018 | $96,340 | 16.81% | - |
| 2017 | $80,150 | -7.30% | - |
| 2016 | $86,000 | 7.71% | - |
| 2015 | $79,370 | -36.55% | - |
| 2014 | $108,380 | 5.16% | - |
| 2013 | $102,790 | 22.58% | - |
| 2012 | $79,580 | - | - |
From Table 3 we note that the median annual salary of $92,500 in Kalamazoo-Portage 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 Kalamazoo-Portage is 29.3 percent (29.3%) lower than that in the highest paying Battle Creek and 45.4 percent (45.4%) higher than that in the lowest paying Holland-Grand Haven.