State comparison · 2025
Personal Financial Advisors salary: Michigan vs New Jersey
Personal Financial Advisors in New Jersey earn a median of $158,570. In Michigan, $77,930. After cost-of-living, the gap is 44.4% — not 50.9%.
Nominal pay gap
-50.9%
Michigan vs New Jersey
COL-adjusted gap
-44.4%
After BEA Regional Price Parities
Michigan
Personal Financial Advisors
- Median
- $77,930
- p25
- $49,570
- p75
- $138,640
- p10
- $44,780
- p90
- $288,860
- COL index (BEA RPP)100 = US average
- 96.2
New Jersey
Personal Financial Advisors
- Median
- $158,570
- p25
- $102,930
- p75
- $269,310
- p10
- $78,860
- p90
- $374,530
- COL index (BEA RPP)100 = US average
- 108.8
BLS Occupational Employment and Wage Statistics, May 2025. Cost-of-living adjustment from BEA Regional Price Parities (overall index). Hiring velocity from DOL OFLC public disclosure data, recent 180 days vs prior. See methodology.