Financial Managers pay range in Memphis
New workers and the lowest-paid 10% earn about $80,110 a year or less, while the top 10% make $273,740 or more. The middle half of financial managers in Memphis earn between $109,380 and $201,890.
- $80K10th
- $109K25th
- $144KMedian
- $202K75th
- $274K90th
median average · bar = middle 50% of workers
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $169,130 | $14,094 | $81.31 |
| Median | $143,880 | $11,990 | $69.17 |
| Entry level (25th percentile) | $109,380 | $9,115 | $52.59 |
| Experienced (75th percentile) | $201,890 | $16,824 | $97.06 |
*Hourly figures assume 2,080 paid hours a year.
Financial Managers salary after taxes in Memphis
On the average salary of $169,130, a single filer in Memphis takes home about $126,866 a year, or $10,572 a month and $4,879 every two weeks. Taxes take 25% of gross pay.
The Memphis, TN-MS-AR metro area crosses state lines, so take-home pay depends on the state where you work:
| State | Per year | Per month |
|---|---|---|
| Working in TN | $126,866 | $10,572 |
| Working in MS | $120,833 | $10,069 |
| Working in AR | $120,808 | $10,067 |
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and no state income tax.
Is Memphis a good place for financial managers? Pay vs. cost of living
Prices in the Memphis area are 8% below the U.S. average (BEA price parity 92.2), so the average $169,130 buys what about $183,480 would buy in a typical U.S. metro. This job pays 3.1 times the median wage of all jobs in Memphis ($46,890). A typical home costs $247,229, or 1.5 years of this average salary before tax.
Financial Managers salary in other Tennessee cities
Memphis ranks 2nd of 10 Tennessee metro areas for this job; Nashville pays the most ($178,230).
- Nashville$178,230
- Memphis$169,130
- Chattanooga$162,310
- Johnson City$157,360
- Knoxville$152,560
- Kingsport$152,050
- Clarksville$151,470
- Jackson$150,370
- Cleveland$148,570
- Morristown$134,160
Highest-paying cities for financial managers
San Jose, CA pays this job the most of the metro areas we cover ($273,690).
- San Jose, CA$273,690
- New York, NY$250,570
- San Francisco, CA$244,930
- Bridgeport, CT$225,000
- Boston, MA$221,800
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Financial Managers salary in Memphis: questions
How much do financial managers make an hour in Memphis?
$81.31 an hour on average, and $69.17 at the median (BLS, May 2025).
What is the entry-level financial managers salary in Memphis?
The lowest-paid 10% earn about $80,110 a year and the 25th percentile is $109,380, a fair guide to starting pay.
What is the financial managers take-home pay in Memphis?
About $126,866 a year ($10,572 a month) for a single filer on the average salary of $169,130. Tennessee has no state income tax.
Do financial managers earn more in Memphis than elsewhere?
The average here is 11% less than the U.S. metro average for this job ($189,775).
Sources and how to read this page
- Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 11-3031; area Memphis, TN-MS-AR (32820). Relative standard error of the mean wage: 2.6%.
- Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
- Home value: Zillow Home Value Index. Typical-wage figure: OEWS all occupations, same metro.
- Take-home pay: Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and no state income tax.
- Job concentration: location quotient 0.83, this job is about as common as in the U.S. overall.
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