Financial Advisor Salary: Memphis, TN vs Boston, MA
BLS reports this occupation as "Personal Financial Advisors" (13-2052); every figure on this page is for that BLS occupation.
Side-by-side comparison of wages and local price levels for Financial Advisors in Memphis, TN and Boston, MA, based on BLS OEWS May 2025 wage data and BEA regional price parities for 2024.
1Which City Pays More?
Detailed Comparison
| Metric | Memphis, TN | Boston, MA | Diff |
|---|---|---|---|
| Median Annual Salary | $100,120 | $126,530▲ | -$26,410 |
| 25th Percentile | $60,200 | $83,810▲ | -$23,610 |
| 75th Percentile | $217,380▲ | $176,060 | +$41,320 |
| 90th Percentile | $598,360▲ | $486,690 | +$111,670 |
| Price Level (BEA 2024, US = 100) | 92.2 | 108.3 | -16.1 |
| Median at National-Average Prices | $108,615 | $116,870▲ | -$8,255 |
3Summary Analysis
On paper, Boston, MA pays $26,410 more (median: $100,120 vs $126,530). BEA's regional price parity is 92.2 in Memphis, TN and 108.3 in Boston, MA (United States = 100). At national-average prices the medians are $108,615 and $116,870, so Boston, MA comes out ahead once local prices are counted.
5Reading This Comparison
The $26,410 gap between the two medians is a gap in dollars, not in what those dollars buy. Dividing each median by its area's regional price parity restates it at national-average prices: $108,615 for Memphis and $116,870 for Boston, a difference of $8,255.
The price levels come from the U.S. Bureau of Economic Analysis, which describes them this way: “Regional price parities (RPPs) measure the differences in price levels across states and metropolitan areas for a given year and are expressed as a percentage of the overall national price level.” The figures used here are the all-items index for each whole metropolitan area (Memphis, TN-MS-AR; Boston-Cambridge-Newton, MA-NH) and cover prices only, not taxes.
For broader context, see our Tennessee overview and the full Financial Advisor city ranking.
Frequently Asked Questions
Is Financial Advisor salary higher in Memphis, TN or Boston, MA?
Boston, MA has the higher median wage for Financial Advisors ($126,530 per year, against $100,120 in Memphis, TN; BLS OEWS May 2025). Restated at national-average prices using BEA regional price parities, the medians are $108,615 in Memphis, TN and $116,870 in Boston, MA.
How do prices compare between Memphis, TN and Boston, MA?
The U.S. Bureau of Economic Analysis puts the 2024 regional price parity at 92.2 for the Memphis, TN-MS-AR metropolitan area and 108.3 for the Boston-Cambridge-Newton, MA-NH metropolitan area, where the United States is 100. That is 7.8% below the national level for Memphis, TN and 8.3% above the national level for Boston, MA.
Which city pays Financial Advisors more once local prices are counted?
Boston, MA: at national-average prices its median Financial Advisor wage is $116,870, against $108,615 for Memphis, TN. The adjustment divides each median by the area's BEA regional price parity and covers prices only, not taxes.