Financial Analyst · Salary Comparison · 2026
Financial Analyst Salary: Memphis, TN vs Austin, TX
Side-by-side comparison of salary, taxes, cost of living, and take-home pay for Financial Analysts in Memphis, TN and Austin, TX, based on BLS OEWS 2026 data.
1Which City Pays More After Tax?
Higher Gross Salary
✓ Austin, TX
$68,000 vs $92,000
Better Purchasing Power
✓ Memphis, TN
$81,928 vs $74,194
Best Take-Home (COL-Adj)
✓ Memphis, TN
$75,701 vs $68,555
2
Detailed Comparison
| Metric | Memphis, TN | Austin, TX | Diff |
|---|---|---|---|
| Median Annual Salary | $68,000 | $92,000▲ | -$24,000 |
| 25th Percentile | $50,000 | $68,000▲ | -$18,000 |
| 75th Percentile | $88,000 | $120,000▲ | -$32,000 |
| 90th Percentile | $114,000 | $155,000▲ | -$41,000 |
| Cost of Living Index | 83 | 124 | -41 |
| State Income Tax | 0%▲ | 0% | — |
| COL-Adjusted Median | $81,928▲ | $74,194 | +$7,734 |
| Est. Annual Take-Home | $62,832 | $85,008▲ | -$22,176 |
| COL-Adj. Take-Home | $75,701▲ | $68,555 | +$7,146 |
| Total Employment | 4,000 | 9,000 | -5,000 |
▲ = Higher value wins for this metric. Diff = Memphis, TN minus Austin, TX.
3Summary Analysis
On paper, Austin, TX pays $24,000 more (median: $68,000 vs $92,000). However, after adjusting for cost of living (index 83 vs 124), Memphis, TN provides better purchasing power ($81,928 vs $74,194 equivalent). Memphis, TN has no state income tax, which is a significant advantage.
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Data: U.S. Bureau of Labor Statistics OEWS · 2026 · Cost-of-living indices from composite metro area data. Take-home estimates approximate only — consult a tax professional for accurate figures.