Personal Financial Advisors pay range in Memphis
New workers and the lowest-paid 10% earn about $44,810 a year or less, while the top 10% make $598,360 or more. The middle half of personal financial advisors in Memphis earn between $60,200 and $217,380.
- $45K10th
- $60K25th
- $100KMedian
- $217K75th
- $598K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $184,300 | $15,358 | $88.61 |
| Median | $100,120 | $8,343 | $48.13 |
| Entry level (25th percentile) | $60,200 | $5,017 | $28.94 |
| Experienced (75th percentile) | $217,380 | $18,115 | $104.51 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Personal Financial Advisors pay in Memphis vs. Tennessee and the U.S.
Personal financial advisors in Memphis earn 20% more than the Tennessee average ($153,140) and 18% more than the U.S. average ($156,670). At the median the gap is -5% against the U.S. median of $105,070.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Memphis | $184,300 | $100,120 | $44,810 | $598,360 | 790 |
| Tennessee | $153,140 | $84,160 | $44,170 | $406,200 | 3,970 |
| United States | $156,670 | $105,070 | $50,190 | $357,020 | 266,800 |
State and U.S. rows: BLS statewide and national estimates, May 2025, which include rural areas.
Personal Financial Advisors salary after taxes in Memphis
On the average salary of $184,300, a single filer in Memphis takes home about $137,235 a year, or $11,436 a month and $5,278 every two weeks. Taxes take 26% 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 | $137,235 | $11,436 |
| Working in AR | $130,616 | $10,885 |
| Working in MS | $130,595 | $10,883 |
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and no state income tax.
Is Memphis a good place for personal financial advisors? 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 $184,300 buys what about $199,937 would buy in a typical U.S. metro. This job pays 2.1 times the median wage of all jobs in Memphis ($46,890). A typical home costs $247,229, or 1.3 years of this average salary before tax.
Personal Financial Advisors salary in other Tennessee cities
Memphis ranks 1st of 9 Tennessee metro areas for this job, the best-paid in the state.
- Memphis$184,300
- Nashville$160,890
- Knoxville$142,020
- Kingsport$137,440
- Chattanooga$127,760
- Johnson City$122,080
- Jackson$100,210
- Clarksville$93,310
- Cleveland$84,070
Highest-paying cities for personal financial advisors
Staunton, VA pays this job the most of the metro areas we cover ($258,100).
- Staunton, VA$258,100
- Naples, FL$227,090
- New York, NY$217,170
- Macon, GA$214,380
- San Francisco, CA$214,350
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Personal Financial Advisors salary in Memphis: questions
How much do personal financial advisors make an hour in Memphis?
$88.61 an hour on average, and $48.13 at the median (BLS, May 2025).
What is the entry-level personal financial advisors salary in Memphis?
The lowest-paid 10% earn about $44,810 a year and the 25th percentile is $60,200, a fair guide to starting pay.
What is the personal financial advisors take-home pay in Memphis?
About $137,235 a year ($11,436 a month) for a single filer on the average salary of $184,300. Tennessee has no state income tax.
Do personal financial advisors earn more in Memphis than elsewhere?
The average here is 18% more than the U.S. average for this job ($156,670).
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 13-2052; area Memphis, TN-MS-AR (32820). Relative standard error of the mean wage: 10.5%.
- U.S. and statewide figures: BLS OEWS national and state estimates, May 2025, every employer including rural areas.
- 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 0.76, this job is less common than in the U.S. overall (location quotient 0.76).
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