Financial Advisor Salary in Memphis, Tennessee
The median financial advisor salary in Memphis, TN is $82,035 per year, which is 14% below the national median and 3.4% below the Tennessee state average.
Financial Advisor Pay in Memphis: What to Expect (2026)
Memphis offers a median financial advisor salary of $82,035, which is $2,862 below the Tennessee state average of $84,897. Compared to the national median of $95,390, Memphis pays below the national benchmark for this role.
One of Memphis's biggest advantages is its low cost of living at 86% of the national average. This means the $82,035 salary stretches further here — equivalent to roughly $95,390 in an average-cost city. This makes Memphis an attractive option for financial advisors seeking strong real-dollar compensation.
The salary range for financial advisors in Memphis spans from $38,184 at the 10th percentile to $205,540 at the 90th percentile — a $167,356 spread. Entry-level professionals start around $41,280, while senior financial advisors with 8+ years of experience can earn up to $154,800. As a major metro area with a population of 633,104, Memphis typically offers more job opportunities and employer competition, which can drive salaries higher.
Financial Advisor Salary in Memphis by Experience
In Memphis, an entry-level financial advisor earns around $41,280, while experienced professionals earn up to $154,800 per year. The local cost of living index is 86% of the national average.
Salary Percentiles in Memphis, TN
| Percentile | Memphis |
|---|---|
| 10th Percentile | $38,184 |
| 25th Percentile | $53,664 |
| Median (50th) | $82,035 |
| 75th Percentile | $128,140 |
| 90th Percentile | $205,540 |
Financial Advisor Salary in Other Tennessee Cities
How to Become a Financial Advisor in Memphis
Education
Most financial advisor positions require a bachelor's degree. Memphis and the surrounding Tennessee area have institutions offering relevant programs.
Key Skills
Job Outlook
Nationally, financial advisor employment is projected to grow 13% over the next decade (much faster than average). Demand in Memphis may vary based on local industry and population growth.
Find Financial Advisor Jobs in Memphis
Browse open financial advisor positions in Memphis, TN: