Investment Banker · Salary Comparison · 2026
Investment Banker Salary: Memphis, TN vs Austin, TX
Side-by-side comparison of salary, taxes, cost of living, and take-home pay for Investment Bankers in Memphis, TN and Austin, TX, based on BLS OEWS 2026 data.
1Which City Pays More After Tax?
Higher Gross Salary
✓ Austin, TX
$105,000 vs $154,000
Better Purchasing Power
✓ Memphis, TN
$126,506 vs $124,194
Best Take-Home (COL-Adj)
✓ Memphis, TN
$116,892 vs $114,755
2
Detailed Comparison
| Metric | Memphis, TN | Austin, TX | Diff |
|---|---|---|---|
| Median Annual Salary | $105,000 | $154,000▲ | -$49,000 |
| 25th Percentile | $80,850 | $118,580▲ | -$37,730 |
| 75th Percentile | $134,400 | $197,120▲ | -$62,720 |
| 90th Percentile | $168,000 | $246,400▲ | -$78,400 |
| Cost of Living Index | 83 | 124 | -41 |
| State Income Tax | 0%▲ | 0% | — |
| COL-Adjusted Median | $126,506▲ | $124,194 | +$2,312 |
| Est. Annual Take-Home | $97,020 | $142,296▲ | -$45,276 |
| COL-Adj. Take-Home | $116,892▲ | $114,755 | +$2,137 |
| Total Employment | 6,400 | 30,400 | -24,000 |
▲ = Higher value wins for this metric. Diff = Memphis, TN minus Austin, TX.
3Summary Analysis
On paper, Austin, TX pays $49,000 more (median: $105,000 vs $154,000). However, after adjusting for cost of living (index 83 vs 124), Memphis, TN provides better purchasing power ($126,506 vs $124,194 equivalent). Memphis, TN has no state income tax, which is a significant advantage.
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.