Business & Finance Memphis, TN Pop. 633,104

Financial Controller Salary in Memphis, Tennessee

The median financial controller salary in Memphis, TN is $107,500 per year, which is 14% below the national median and 3.4% below the Tennessee state average.

City Median
$107,500
vs State Avg
$-3,750
vs National
$-17,500
Cost of Living
86%

Financial Controller Pay in Memphis: What to Expect (2026)

Memphis offers a median financial controller salary of $107,500, which is $3,750 below the Tennessee state average of $111,250. Compared to the national median of $125,000, 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 $107,500 salary stretches further here — equivalent to roughly $125,000 in an average-cost city. This makes Memphis an attractive option for financial controllers seeking strong real-dollar compensation.

The salary range for financial controllers in Memphis spans from $67,080 at the 10th percentile to $170,280 at the 90th percentile — a $103,200 spread. Entry-level professionals start around $70,520, while senior financial controllers with 8+ years of experience can earn up to $163,400. 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 Controller Salary in Memphis by Experience

In Memphis, an entry-level financial controller earns around $70,520, while experienced professionals earn up to $163,400 per year. The local cost of living index is 86% of the national average.

Entry Level (0-2 yrs)
$70,520
$-11,480 vs national
Mid Level (3-7 yrs)
$110,080
$-17,920 vs national
Senior Level (8+ yrs)
$163,400
$-26,600 vs national

Salary Percentiles in Memphis, TN

Percentile Memphis
10th Percentile $67,080
25th Percentile $84,280
Median (50th) $107,500
75th Percentile $139,320
90th Percentile $170,280

Financial Controller Salary in Other Tennessee Cities

How to Become a Financial Controller in Memphis

Education

Most financial controller positions require a bachelor's degree. Memphis and the surrounding Tennessee area have institutions offering relevant programs.

Key Skills

Financial ReportingGAAPERP SystemsBudgetingTeam LeadershipTax Compliance

Job Outlook

Nationally, financial controller employment is projected to grow 6% over the next decade (faster than average). Demand in Memphis may vary based on local industry and population growth.

Find Financial Controller Jobs in Memphis

Browse open financial controller positions in Memphis, TN:

Frequently Asked Questions: Financial Controller Salary in Memphis

How much does a Financial Controller make in Memphis, TN? ▼
The median financial controller salary in Memphis, Tennessee is $107,500 per year, which is 14% below the national median of $125,000. Salaries range from $67,080 (10th percentile) to $170,280 (90th percentile).
How much does a Financial Controller make per hour in Memphis? ▼
Based on the median annual salary of $107,500, a financial controller in Memphis earns approximately $52 per hour assuming a standard 2,080-hour work year.
How does Memphis compare to the Tennessee state average for financial controller pay? ▼
Memphis's median financial controller salary of $107,500 is 3.4% below the Tennessee state average of $111,250. The local cost of living index is 86% of the national average.
What is the cost of living in Memphis, TN? ▼
Memphis has a cost of living index of 86% compared to the national average. This means a financial controller salary of $107,500 in Memphis has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial controller in Memphis? ▼
Most financial controller positions in Memphis require a bachelor's degree. Key skills include Financial Reporting, GAAP, ERP Systems, Budgeting. The job market is projected to grow 6% nationally over the next decade.