Financial Managers Salary
Financial Managers in Tennessee make a median of $141,010 a year, or about $67.79 an hour. The range runs from $83K at the entry level to $289K for experienced workers. Cost of living is below average (RPP 89.78), which stretches that salary to about $157,062 in buying power. Rent on a 2-bedroom averages $1,215/month, or 13.4% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across Tennessee. Jump to a metro for precise data:
So what does $141K get you in Tennessee?
About financial managers
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What this looks like in Tennessee
Pay for financial managers in Tennessee runs about 15% below the U.S. median of $167K. Housing is manageable: a 2-bedroom at the HUD median costs $1,215/month, 13.6% of take-home, well inside the 30% guideline. Regional Price Parity sits at 89.78 (national = 100), meaning everyday costs run about 10% cheaper here. Your dollar stretches further than the headline salary suggests. Lower pay, lower costs, Tennessee can be a reasonable trade-off for financial managerss who value affordability over top-dollar markets.
Compensation breakdown
Annual earnings by percentile, Tennessee
Entry-level financial managers (10th percentile) start around $83K. Mid-career wages sit at $141K. Top earners bring in $289K or more, a $206K spread from bottom to top.
Financial Managers salary by metro in Tennessee
10 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Nashville-Davidson--Murfreesboro--Franklin | $157K | +11% | 7,400 |
| Chattanooga | $152K | +7% | 1,280 |
| Memphis | $144K | +2% | 2,750 |
| Clarksville | $134K | -5% | 270 |
| Knoxville | $134K | -5% | 2,090 |
| Johnson City | $133K | -6% | 300 |
| Kingsport-Bristol | $132K | -6% | 500 |
| Cleveland | $132K | -6% | 130 |
| Jackson | $131K | -7% | 250 |
| Morristown | $123K | -13% | 130 |
Compare to other states
Track financial managers salary changes
BLS updates this data quarterly. We'll email you when Tennessee numbers change.
Related careers in Management
Frequently asked questions
Can a financial manager afford a 2BR apartment alone in Tennessee?
Yes — at the median salary of $141K, rent takes 13.6% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,215/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for financial managers in Tennessee?
The 10th-percentile wage — what new financial managers typically earn — is $83K/year. Take-home on that works out to about $4,985/month. At HUD’s $1,215/month FMR, rent would take 24% of that take-home — manageable on an entry-level income.
Is financial manager a high-paying job in Tennessee?
Local pay runs 15% below the national median — $141K here vs. $167K nationally. Cost of living is 10% below the national average, which narrows that gap in real purchasing power.
How does Tennessee compare to the national average for financial managers?
Tennessee pays $141K median vs. the U.S. average of $167K — that’s -15%. After adjusting for local cost of living (RPP 89.78), the purchasing-power equivalent is $157K — below the national median.
How much do financial managers make in Tennessee?
The median is $141,010 a year, that works out to about $68 an hour. But the range is wide: entry-level workers start around $83,080, and experienced financial managers can clear $288,750. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $141K enough to live in Tennessee?
On that salary, you'd take home roughly $8,928/month after taxes. A 2-bedroom here rents for about $1,215/month, which eats 13.6% 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 Tennessee?
Tennessee has a Regional Price Parity of 89.78 (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 $157,062 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.