Financial Advisor Salary in Memphis, TN
BLS reports this occupation as "Personal Financial Advisors" (13-2052); every figure on this page is for that BLS occupation.
Financial Advisors in Memphis, TN earn a median of $100,120/year, ranging from $60,200 (25th percentile) to $598,360 (90th percentile). Prices in the area were 7.8% below the national level in 2024 (BEA regional price parity 92.2), so at national-average prices that median is equivalent to $108,615.
1Salary Distribution in Memphis, TN
2Pay Adjusted for Local Prices
Price level: U.S. Bureau of Economic Analysis, regional price parity (all items) for the Memphis, TN-MS-AR metropolitan area, 2024. The adjustment covers prices only, not taxes. Use the Salary Calculator to compare two areas.
How Does Memphis, TN Compare?
| City | Median | Price Level | At National Prices |
|---|---|---|---|
| Memphis, TN (current) | $100,120 | 92.2 | $108,615 |
| Nashville, TN | $91,040 | 96.3 | $94,501 |
| San Francisco, CA | $160,610 | 115.6 | $138,920 |
| New York, NY | $170,050 | 112.6 | $151,071 |
| Seattle, WA | $114,540 | 111.1 | $103,066 |
| Boston, MA | $126,530 | 108.3 | $116,870 |
4Frequently Asked Questions
What is the average Financial Advisor salary in Memphis, TN?
The median Financial Advisor salary in Memphis, TN is $100,120 per year, based on BLS OEWS May 2025 data. The 25th percentile is $60,200 and the 90th percentile is $598,360.
How far does a Financial Advisor salary go in Memphis, TN?
Prices in the Memphis, TN-MS-AR metropolitan area were 7.8% below the national level in 2024: the U.S. Bureau of Economic Analysis puts its regional price parity at 92.2, where the United States is 100. Restated at national-average prices, the $100,120 median Financial Advisor wage is $108,615.
What is the price level in Memphis, TN?
The regional price parity for the Memphis, TN-MS-AR metropolitan area was 92.2 in 2024 (United States = 100), which is 7.8% below the national level. It is the all-items index published by the U.S. Bureau of Economic Analysis.
What is the Financial Advisor salary range in Memphis, TN?
In Memphis, TN, Financial Advisors earn between $60,200 (25th percentile) and $598,360 (90th percentile), with a median of $100,120 per year.
How many Financial Advisor jobs are there in Memphis, TN?
BLS OEWS May 2025 estimates put employment at 790 Financial Advisor positions in the Memphis, TN metropolitan area.
What do Financial Advisors earn in Memphis, TN?
Based on BLS OEWS May 2025 data, Financial Advisors in Memphis, TN earn a median annual wage of $100,120. The middle 50% earn between $60,200 and $217,380. The top 10% earn more than $598,360.There are approximately 790 Financial Advisors employed in the Memphis, TN metro area.
How do prices in Memphis, TN affect a Financial Advisor salary?
The U.S. Bureau of Economic Analysis publishes a regional price parity for each metropolitan area. In its words: “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.” For the Memphis, TN-MS-AR metropolitan area the 2024 figure is 92.2, which is 7.8% below the national level. Dividing the $100,120 median wage by that price level gives $108,615at national-average prices. The adjustment uses BEA's all-items index and covers prices only, not taxes.
Compare Memphis, TN with Another City
See a side-by-side comparison of wages and local price levels.
5More Financial Advisor Wage Data
Other metro areas for the same occupation: Nashville, TN ($91,040 median, price level 96.3); San Francisco, CA ($160,610 median, price level 115.6); New York, NY ($170,050 median, price level 112.6). The table above restates each median at national-average prices.
For side-by-side comparisons, try the full city ranking for Financial Advisors or the Tennessee state overview.
Underlying wage source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS) Program. Figures are U.S. Bureau of Labor Statistics OEWS May 2025 estimates (annual wages: median and 25th, 75th and 90th percentiles; employment) for BLS occupation "Personal Financial Advisors" (13-2052) in the metropolitan statistical area named in this source line, retrieved 2026-10-02. BLS area: Memphis, TN-MS-AR. Actual salaries may vary based on experience, education, employer size, and specific role. Price levels: U.S. Bureau of Economic Analysis, regional price parities (all items) for 2024, tables last updated February 19, 2026. See our data disclaimer.