Memphis vs Nashville: Financial Advisor Salary (2026)
Compare financial advisor salaries between Memphis, TN and Nashville, TN. All figures are 2026 estimates projected from BLS 2025 data.
Side-by-Side Comparison
| Metric | Memphis, TN | Nashville, TN |
|---|---|---|
| Median Salary | $103,424▲ | $94,044 |
| Hourly Rate | $49.72▲ | $45.21 |
| Entry Level (P10) | $46,289 | $49,078▲ |
| 25th Percentile | $62,187 | $67,135▲ |
| 75th Percentile | $224,554▲ | $177,552 |
| Top Earner (P90) | $618,106▲ | $422,848 |
| Total Employed | 790 | 1,710▲ |
Verdict
Memphis, TN offers better overall compensation for financial advisors, winning 3 out of 4 metrics compared to Nashville.
The salary gap between Memphis and Nashville is $9,380 (9.97%). Memphis's median is -4.71% compared to the US national median of $108,537.
Salary Range Comparison
The full salary range (10th to 90th percentile) in Memphis spans $571,817,Nashville spans $373,770. Memphis has a wider pay range, meaning more potential for high earners but also more variation.
Cost-of-Living Adjusted Comparison
After cost-of-living adjustment, Memphis ($112,199 effective) pays 14.94% more than Nashville ($97,619 effective).
Cost-of-living adjustment: salary × (100 / CoL index). Index of 100 = national average.
Which City Is Right for You?
Choose Memphis if…
- ✓Higher median salary ($103,424/year)
- ✓Better top-earner potential ($618,106)
- ✓Better purchasing power (CoL-adjusted: $112,199)
- ✓You prefer the Tennessee area and lifestyle
Choose Nashville if…
- ✓Larger job market (1,710 employed)
- ✓You prefer the Tennessee area and lifestyle
Historical Salary Growth Comparison
Based on BLS OEWS metropolitan area data, financial advisor salaries in Memphis grew 65.7% from 2019 to 2025, compared to 41.4% growth in Nashville over the same period.
Memphis, TN
$60,430 (2019) → $100,120 (2025)
Nashville, TN
$64,380 (2019) → $91,040 (2025)
View Full Salary Data
Memphis, TN
Nashville, TN
Frequently Asked Questions
Which city pays financial advisors more: Memphis or Nashville?
What is the hourly rate difference between Memphis and Nashville?
Should I relocate from Memphis to Nashville as a financial advisor?
What do entry-level financial advisors earn in Memphis vs Nashville?
Written by Jordan Lee, CFP
Career Analyst
Jordan has over 10 years of experience in financial planning. They specialize in retirement planning for individuals. They work at a financial services firm in New York City.
Methodology & Data Source
All salary figures are 2026 projections based on BLS OEWS May 2025 data. A 3.30% CAGR (derived from 6-year national BLS trends) was applied to estimate current compensation. Cost-of-living adjustments use BEA Regional Price Parity data. Actual salaries vary by employer, certifications, and experience.
Data Sources & Methodology
Source: BLS, OEWS , released .
Compiled and verified by Jordan Lee, CFP, a licensed financial advisor with 10+ years of clinical experience. · View source data at BLS.gov