The annual salary statistics of personal financial advisors in Niles-Benton Harbor, Michigan is shown in Table 1. The wage data of personal financial advisors in Niles-Benton Harbor 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 | $41,160 |
| 25th Percentile Wage | $46,170 |
| 50th Percentile Wage | $77,370 |
| 75th Percentile Wage | $160,210 |
| 90th Percentile Wage | $123,350 |
Table 1 shows the average annual salary for personal financial advisors in Niles-Benton Harbor, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $123,350. The median (50th percentile) annual salary is $77,370. The average annual salary for the bottom 10 percent earners is $41,160.
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 | $77,370 | 23.50% | 23.37% |
| 2021 | $59,190 | 2.31% | - |
| 2020 | $57,820 | -9.30% | - |
| 2018 | $63,200 | -4.34% | - |
| 2017 | $65,940 | 10.08% | - |
| 2016 | $59,290 | 10.27% | - |
| 2015 | $53,200 | -0.64% | - |
| 2014 | $53,540 | 13.39% | - |
| 2013 | $46,370 | -27.86% | - |
| 2012 | $59,290 | - | - |
From Table 3 we note that the median annual salary of $77,370 in Niles-Benton Harbor 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 Niles-Benton Harbor is 40.8 percent (40.8%) lower than that in the highest paying Battle Creek and 34.7 percent (34.7%) higher than that in the lowest paying Holland-Grand Haven.