Financial Analyst · Salary Comparison · 2026
Financial Analyst Salary: Memphis, TN vs New York, NY
Side-by-side comparison of salary, taxes, cost of living, and take-home pay for Financial Analysts in Memphis, TN and New York, NY, based on BLS OEWS 2026 data.
1Which City Pays More After Tax?
Higher Gross Salary
✓ New York, NY
$68,000 vs $128,000
Better Purchasing Power
✓ Memphis, TN
$81,928 vs $68,449
Best Take-Home (COL-Adj)
✓ Memphis, TN
$75,701 vs $58,914
2
Detailed Comparison
| Metric | Memphis, TN | New York, NY | Diff |
|---|---|---|---|
| Median Annual Salary | $68,000 | $128,000▲ | -$60,000 |
| 25th Percentile | $50,000 | $95,000▲ | -$45,000 |
| 75th Percentile | $88,000 | $170,000▲ | -$82,000 |
| 90th Percentile | $114,000 | $218,000▲ | -$104,000 |
| Cost of Living Index | 83 | 187 | -104 |
| State Income Tax | 0%▲ | 6.85% | -6.85% |
| COL-Adjusted Median | $81,928▲ | $68,449 | +$13,479 |
| Est. Annual Take-Home | $62,832 | $110,170▲ | -$47,338 |
| COL-Adj. Take-Home | $75,701▲ | $58,914 | +$16,787 |
| Total Employment | 4,000 | 42,000 | -38,000 |
▲ = Higher value wins for this metric. Diff = Memphis, TN minus New York, NY.
3Summary Analysis
On paper, New York, NY pays $60,000 more (median: $68,000 vs $128,000). However, after adjusting for cost of living (index 83 vs 187), Memphis, TN provides better purchasing power ($81,928 vs $68,449 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.