State comparison · 2025
Personal Financial Advisors salary: Michigan vs New York
Personal Financial Advisors in New York earn a median of $166,400. In Michigan, $77,930. After cost-of-living, the gap is 47.5% — not 53.2%.
Nominal pay gap
-53.2%
Michigan vs New York
COL-adjusted gap
-47.5%
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 York
Personal Financial Advisors
- Median
- $166,400
- p25
- $102,080
- p75
- $282,050
- p10
- $76,190
- p90
- $427,700
- COL index (BEA RPP)100 = US average
- 107.9
- Hiring velocity (180d)
- -75%
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.