Financial Risk Specialists Salary in Memphis, TN-MS-AR
Financial Risk Specialists in Memphis, TN-MS-AR make a median of $87,920 a year, or about $42.27 an hour. The range runs from $44K at the entry level to $177K for experienced workers. Cost of living is below average (RPP 92.18), which stretches that salary to about $95,379 in buying power. Rent on a 2-bedroom averages $1,274/month, or 21.6% of estimated take-home pay.
So what does $88K 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 risk specialists
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Compensation breakdown
Annual earnings by percentile, Memphis, TN-MS-AR
Entry-level financial risk specialists (10th percentile) start around $44K. Mid-career wages sit at $88K. Top earners bring in $177K or more, a $133K spread from bottom to top.
Financial Risk Specialists pay across states
Median income ranked highest to lowest, compared to the national figure
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| New York | $138K | +31% | 10,980 |
| Delaware | $130K | +23% | 1,280 |
| Alaska | $126K | +19% | N/A |
| New Jersey | $123K | +16% | 2,370 |
| Massachusetts | $119K | +12% | 1,490 |
| Wyoming | $116K | +9% | 150 |
| District of Columbia | $115K | +8% | 160 |
| Oregon | $114K | +7% | 350 |
| Virginia | $113K | +7% | 1,420 |
| Maine | $112K | +6% | 150 |
| California | $112K | +5% | 4,460 |
| Washington | $110K | +4% | 790 |
| Georgia | $108K | +2% | 1,560 |
| North Carolina | $107K | +1% | 2,160 |
| Minnesota | $107K | +1% | 920 |
| Connecticut | $106K | -0% | 630 |
| New Hampshire | $106K | -0% | 190 |
| Maryland | $105K | -1% | 950 |
| Florida | $101K | -5% | 4,140 |
| Michigan | $100K | -5% | 1,000 |
| Pennsylvania | $100K | -5% | 2,240 |
| Iowa | $99K | -7% | 370 |
| Indiana | $99K | -7% | 570 |
| Illinois | $98K | -7% | 2,810 |
| Rhode Island | $98K | -8% | 400 |
| Vermont | $98K | -8% | 30 |
| Ohio | $97K | -8% | 1,700 |
| Texas | $96K | -9% | 4,440 |
| Missouri | $94K | -12% | 1,020 |
| Wisconsin | $94K | -12% | 710 |
| Arizona | $92K | -13% | 1,150 |
| West Virginia | $90K | -15% | 50 |
| Nebraska | $86K | -19% | 310 |
| Hawaii | $84K | -21% | 80 |
| Nevada | $84K | -21% | 500 |
| Alabama | $83K | -22% | 140 |
| Oklahoma | $83K | -22% | 160 |
| South Carolina | $82K | -22% | 400 |
| Kentucky | $81K | -24% | 440 |
| New Mexico | $80K | -24% | 150 |
| Utah | $79K | -26% | 620 |
| Tennessee | $78K | -27% | 470 |
| Arkansas | $78K | -27% | 140 |
| Kansas | $76K | -28% | 190 |
| Idaho | $72K | -32% | 170 |
| South Dakota | $72K | -32% | 110 |
| North Dakota | $70K | -34% | 80 |
| Louisiana | $55K | -48% | 520 |
Showing 1–10 of 48 states
BLS does not publish data for every state when sample sizes are too small
Track financial risk specialists salary changes
BLS updates this data quarterly. We'll email you when Memphis numbers change.
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Frequently asked questions
How much do financial risk specialists make in Memphis, TN-MS-AR?
The median is $87,920 a year, that works out to about $42 an hour. But the range is wide: entry-level workers start around $43,860, and experienced financial risk specialists can clear $177,030. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $88K enough to live in Memphis?
On that salary, you'd take home roughly $5,853/month after taxes. A 2-bedroom here rents for about $1,274/month, which eats 21.8% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a financial risk specialists 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 risk specialists salary is worth about $95,379 in national-average purchasing power.
Where do financial risk specialists 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.