Financial Managers Salary
Financial Managers in Memphis, TN-MS-AR make a median of $143,880 a year, or about $69.17 an hour. The range runs from $80K at the entry level to $274K for experienced workers. Cost of living is below average (RPP 92.18), which stretches that salary to about $156,086 in buying power. Rent on a 2-bedroom averages $1,274/month, or 13.7% of estimated take-home pay.
So what does $144K get you in Memphis?
Groceries, utilities, transportation, and healthcare scaled from national averages by Memphis’s Regional Price Parity (92.18). Rent from HUD Fair Market Rents. Taxes estimated for single filer, standard deduction. * Healthcare is the employee-paid share only (premiums + out-of-pocket). Actual costs vary by coverage type: employer-sponsored, ACA marketplace, or uninsured.
About financial managers
Sponsored links, AffordMap may earn a commission at no cost to you. Learn more
What this looks like in Memphis
Pay for financial managers in Memphis runs about 14% below the U.S. median of $167K. Housing is manageable: a 2-bedroom at the HUD median costs $1,274/month, 14% of take-home, well inside the 30% guideline. Regional Price Parity sits at 92.18 (national = 100), meaning everyday costs run about 8% cheaper here. Your dollar stretches further than the headline salary suggests. Lower pay, lower costs, Memphis can be a reasonable trade-off for financial managerss who value affordability over top-dollar markets.
Compared to nearby metros
Median pay for financial managers in metros near Memphis, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Nashville-Davidson--Murfreesboro--Franklin | $157K | $163K |
| Knoxville | $134K | $144K |
| Chattanooga | $152K | $166K |
| Kingsport-Bristol | $132K | $153K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Memphis, TN-MS-AR
Entry-level financial managers (10th percentile) start around $80K. Mid-career wages sit at $144K. Top earners bring in $274K or more, a $194K spread from bottom to top.
Financial Managers pay across states
Median income ranked highest to lowest, compared to the national figure
View Financial Managers salary in all states
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| New York | $220K | +32% | 80,810 |
| Massachusetts | $207K | +24% | 26,150 |
| New Jersey | $199K | +20% | 32,510 |
| District of Columbia | $189K | +13% | 8,930 |
| Virginia | $185K | +11% | 20,850 |
| Colorado | $183K | +10% | 10,640 |
| Delaware | $182K | +9% | 2,810 |
| California | $181K | +9% | 93,310 |
| Washington | $175K | +5% | 12,930 |
| Connecticut | $175K | +5% | 20,040 |
| Rhode Island | $167K | +0% | 2,570 |
| Georgia | $167K | +0% | 21,390 |
| North Carolina | $167K | +0% | 22,460 |
| Illinois | $166K | -0% | 52,720 |
| Texas | $165K | -1% | 71,870 |
| Minnesota | $163K | -2% | 16,680 |
| South Dakota | $160K | -4% | 1,000 |
| Kansas | $159K | -4% | 5,190 |
| Maryland | $159K | -5% | 19,770 |
| Oregon | $156K | -6% | 7,610 |
| Florida | $153K | -8% | 48,910 |
| Utah | $150K | -10% | 8,860 |
| Pennsylvania | $146K | -13% | 32,180 |
| New Hampshire | $145K | -13% | 4,330 |
| Missouri | $143K | -14% | 13,330 |
| Tennessee | $141K | -15% | 17,630 |
| Ohio | $141K | -15% | 27,360 |
| Alabama | $141K | -16% | 7,200 |
| Nebraska | $140K | -16% | 5,630 |
| Arizona | $140K | -16% | 14,900 |
| Wisconsin | $140K | -16% | 15,530 |
| Michigan | $139K | -16% | 22,490 |
| South Carolina | $136K | -18% | 9,020 |
| North Dakota | $136K | -18% | 2,140 |
| Indiana | $136K | -18% | 12,560 |
| Hawaii | $134K | -19% | 3,790 |
| New Mexico | $134K | -20% | 2,530 |
| Maine | $134K | -20% | 3,120 |
| Iowa | $133K | -20% | 9,130 |
| Nevada | $132K | -20% | 8,090 |
| Oklahoma | $132K | -20% | 6,670 |
| Montana | $131K | -21% | 1,510 |
| Kentucky | $131K | -22% | 6,630 |
| Vermont | $129K | -23% | 1,790 |
| Idaho | $127K | -24% | 3,120 |
| Alaska | $127K | -24% | 2,020 |
| Louisiana | $127K | -24% | 7,070 |
| Wyoming | $125K | -25% | 730 |
| Arkansas | $117K | -30% | 7,120 |
| West Virginia | $113K | -32% | 2,610 |
| Mississippi | $111K | -33% | 3,470 |
Showing 1–10 of 51 (all 50 states + DC)
Track financial managers salary changes
BLS updates this data quarterly. We'll email you when Memphis numbers change.
Related careers in Management
Frequently asked questions
Can a financial manager afford a 2BR apartment alone in Memphis?
Yes — at the median salary of $144K, rent takes 14% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,274/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for financial managers in Memphis?
The 10th-percentile wage — what new financial managers typically earn — is $80K/year. Take-home on that works out to about $4,807/month. At HUD’s $1,274/month FMR, rent would take 27% of that take-home — manageable on an entry-level income.
Is financial manager a high-paying job in Memphis?
Local pay runs 14% below the national median — $144K here vs. $167K nationally. Cost of living is 8% below the national average, which narrows that gap in real purchasing power.
How does Memphis compare to the national average for financial managers?
Memphis pays $144K median vs. the U.S. average of $167K — that’s -14%. After adjusting for local cost of living (RPP 92.18), the purchasing-power equivalent is $156K — below the national median.
How much do financial managers make in Memphis, TN-MS-AR?
The median is $143,880 a year, that works out to about $69 an hour. But the range is wide: entry-level workers start around $80,110, and experienced financial managers can clear $273,740. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $144K enough to live in Memphis?
On that salary, you'd take home roughly $9,091/month after taxes. A 2-bedroom here rents for about $1,274/month, which eats 14% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a financial managers salary go in Memphis?
Memphis has a Regional Price Parity of 92.18 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median financial managers salary is worth about $156,086 in national-average purchasing power.
Where do financial managers get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.