The annual salary statistics of personal financial advisors in Lansing-East Lansing, Michigan is shown in Table 1. The wage information of personal financial advisors in Lansing-East Lansing 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 | $42,750 |
| 25th Percentile Wage | $50,290 |
| 50th Percentile Wage | $80,450 |
| 75th Percentile Wage | $164,860 |
| 90th Percentile Wage | $169,550 |
Table 1 shows the average annual salary for personal financial advisors in Lansing-East Lansing, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $169,550. The median (50th percentile) annual salary is $80,450. The average annual salary for the bottom 10 percent earners is $42,750.
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 | $80,450 | -0.10% | 29.21% |
| 2021 | $80,530 | 7.95% | - |
| 2020 | $74,130 | -34.35% | - |
| 2019 | $99,590 | -2.56% | - |
| 2018 | $102,140 | 4.80% | - |
| 2017 | $97,240 | 46.60% | - |
| 2016 | $51,930 | -28.67% | - |
| 2015 | $66,820 | -10.84% | - |
| 2014 | $74,060 | 4.04% | - |
| 2013 | $71,070 | 19.87% | - |
| 2012 | $56,950 | - | - |
From Table 3 we note that the median annual salary of $80,450 in Lansing-East Lansing 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 Lansing-East Lansing is 38.5 percent (38.5%) lower than that in the highest paying Battle Creek and 37.2 percent (37.2%) higher than that in the lowest paying Holland-Grand Haven.