The annual salary statistics of personal financial advisors in Muskegon-Norton Shores, Michigan is shown in Table 1. The wage data of personal financial advisors in Muskegon-Norton Shores 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 | $40,700 |
| 25th Percentile Wage | $46,920 |
| 50th Percentile Wage | $103,360 |
| 75th Percentile Wage | $178,900 |
| 90th Percentile Wage | $168,290 |
Table 1 shows the average annual salary for personal financial advisors in Muskegon-Norton Shores, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $168,290. The median (50th percentile) annual salary is $103,360. The average annual salary for the bottom 10 percent earners is $40,700.
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 | $103,360 | 41.48% | 39.20% |
| 2021 | $60,490 | -68.54% | - |
| 2020 | $101,950 | 17.33% | - |
| 2019 | $84,280 | -6.28% | - |
| 2018 | $89,570 | 30.51% | - |
| 2017 | $62,240 | -0.96% | - |
| 2015 | $62,840 | -28.76% | - |
| 2014 | $80,910 | 22.33% | - |
| 2012 | $62,840 | - | - |
From Table 3 we note that with a median annual salary of $103,360, Muskegon-Norton Shores is the second highest paying city for personal financial advisors in state of Michigan, following the highest paying city Battle Creek (median annual salary of $130,790). Compared with Battle Creek, the median annual salary of personal financial advisors in Muskegon-Norton Shores is 21.0 percent (21.0%) lower.