Business & Finance Tennessee (TN) Rank #41 of 50

Financial Advisor Salary in Tennessee

The median financial advisor salary in Tennessee is $84,897 per year, which is 11% below the national median of $95,390.

Median Salary
$84,897
vs National
$-10,493
State Rank
#41 of 50
Cost of Living
89%

Financial Advisor Salary Overview in Tennessee (2026)

Tennessee ranks #41 out of 50 states for financial advisor compensation. Financial Advisor salaries in Tennessee are below the national median, though the lower cost of living can offset the difference. At $84,897 per year, financial advisors in Tennessee earn $10,493 less than the national median of $95,390.

A key advantage of working in Tennessee is its below-average cost of living (89% of the national index). This means the $84,897 salary has the purchasing power of roughly $95,390 in an average-cost area.

The salary spread in Tennessee is significant: financial advisors at the 10th percentile earn $39,516, while those at the 90th percentile bring home $212,710 — a $173,194 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Tennessee for this role is Nashville, where the median reaches $95,390.

Nationally, financial advisor employment is projected to grow 13% over the next decade (much faster than average). This strong growth suggests increasing demand and competitive salaries in Tennessee and beyond.

Financial Advisor Salary in Tennessee by Experience

In Tennessee, an entry-level financial advisor earns around $42,720, while experienced professionals earn up to $160,200 per year. The cost of living index in Tennessee is 89% of the national average.

Entry Level (0-2 yrs)
$42,720
$-5,280 vs national
Mid Level (3-7 yrs)
$84,550
$-10,450 vs national
Senior Level (8+ yrs)
$160,200
$-19,800 vs national

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Salary Percentiles in Tennessee

Percentile TN Salary
10th Percentile $39,516
25th Percentile $55,536
Median (50th) $84,897
75th Percentile $132,610
90th Percentile $212,710

Financial Advisor Salary by City in Tennessee

The largest employment areas for financial advisors in Tennessee include Nashville, Memphis, Knoxville, and Chattanooga. Salaries vary by city based on local cost of living and demand.

How to Become a Financial Advisor in Tennessee

Education

Most financial advisor positions require a bachelor's degree. Tennessee has several accredited institutions offering relevant programs.

Key Skills

Investment PlanningPortfolio ManagementTax PlanningClient RelationsFinancial AnalysisCFA/CFP

Job Outlook in Tennessee

Nationally, financial advisor employment is projected to grow 13% over the next decade (much faster than average). Tennessee's demand may vary based on local industry trends.

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Frequently Asked Questions: Financial Advisor Salary in Tennessee

How much does a Financial Advisor make in Tennessee? ▼
The median financial advisor salary in Tennessee is $84,897 per year, which is 11% below the national median of $95,390. Salaries range from $39,516 (10th percentile) to $212,710 (90th percentile).
How much does a Financial Advisor make per hour in Tennessee? ▼
Based on the median annual salary of $84,897, a financial advisor in Tennessee earns approximately $41 per hour assuming a standard 2,080-hour work year.
Is Tennessee a good state for financial advisors? ▼
Tennessee ranks #41 out of 50 states for financial advisor pay. The cost of living index is 89% of the national average. Entry-level financial advisors earn $42,720, while senior professionals earn $160,200.
How does Tennessee compare to other states for financial advisor salary? ▼
The highest paying state for financial advisors is Hawaii at $162,163. Tennessee's median of $84,897 ranks #41 nationally. Nearby-ranked states include Iowa ($84,897) and South Carolina ($84,897).
What is the entry-level financial advisor salary in Tennessee? ▼
An entry-level financial advisor in Tennessee earns approximately $42,720 per year. With 3-7 years of experience, pay increases to around $84,550. Senior-level professionals with 8+ years earn up to $160,200.
What city in Tennessee pays financial advisors the most? ▼
Nashville is the highest paying city in Tennessee for financial advisors, with a median salary of $95,390. Other cities include Memphis and Knoxville.