Financial Advisor Hourly Pay in Memphis, TN: $49.72 (2026)
Quick Answer:Hourly pay for a financial advisor working in Memphis, TN runs $49.72 at the median for 2026 — annualizing to $103,424 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Memphis's regional price level (BEA RPP 92.2, 8% below national), each hour of work buys what $53.94 nationally would. A 24-hour part-time schedule grosses $62,048 per year.
Official BLS data · View source
In Memphis, the financial advisor hourly pay stands at a median of $49.72, slightly below the national median of $52.18. This hourly rate has significant implications for those working part-time or on a per-diem basis, particularly in various industry settings like wirehouse branch offices, independent RIA conference rooms, and client meetings in their homes or offices. Financial advisors in Memphis fall within a broad hourly range with entry-level practitioners earning around $22.26, while top earners can command as much as $297.16 per hour. With 790 professionals currently navigating this market, these figures, derived from official Bureau of Labor Statistics data, illustrate the earning potential and flexibility that financial advisors in Memphis can expect in their hourly roles.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $22.26 | $178.09 |
| Lower Range (P25) | $29.90 | $239.16 |
| Median (P50) | $49.72 | $397.75 |
| Upper Range (P75) | $107.96 | $863.67 |
| Top Earners (P90) | $297.16 | $2377.30 |
Estimated Annual Income by Work Schedule in Memphis
Based on $49.72/hr median hourly rate · 2026 est.
At $49.72/hr, a financial advisor working full-time (40 hr/wk) in Memphis, TN can expect to earn approximately $103,414 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $59,662. With a cost-of-living index of 92.18 (below the national average), these earnings stretch further in Memphis.
Hourly Rate Calculator
Schedule Comparison in Memphis
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,988.73 | $8,618 | $103,414 |
| Part-Time (24 hrs) | $1,193.24 | $5,171 | $62,048 |
| Per Diem (16 hrs) | $795.49 | $3,447 | $41,366 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Memphis) | $49.72 |
| Financial Analyst (National Avg) | $47.61 |
| Accountant / Auditor (National Avg) | $39.88 |
| Insurance Sales Agent (National Avg) | $29.02 |
| Securities / Commodities Sales Agent (National Avg) | $35.30 |
Financial Advisors in Memphis, TN earn a median of $103,424 per year (2026 est.), which is 4.71% lower than the national median of $108,537 and 30.30% above the Tennessee state average of $79,374.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $49.72/hr = $62,048/year (purchasing power: $67,313).
Working 40h/week (full-time) = $103,414/year (purchasing power: $112,188).
CoL index: 92.179 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$29.05/hr
2025 BLS Actual
$48.13/hr
2026 Current Est.
$49.72/hr
2019–2027 Growth
+76.8%
Hourly Rate Trajectory for Financial Advisors in Memphis (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $29.05/hr | Actual |
| 2020 | $33.00/hr | Actual |
| 2021 | $38.28/hr | Actual |
| 2022 | $31.00/hr | Actual |
| 2023 | $37.74/hr | Actual |
| 2024 | $47.24/hr | Actual |
| 2025 | $48.13/hr | Actual |
| 2026(current) | $49.72/hr | Estimated |
| 2027 | $51.36/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Memphis grew 65.7% from $29.05/hr (2019) to $48.13/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $51.36/hr by 2027. Part-time and per-diem financial advisors can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Memphis metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.30% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Working as an Hourly Financial Advisor in Memphis
Examining the potential annual income for a financial advisor working part-time in Memphis, one could earn around $57,760 for a typical 3-day workweek, significantly less than what a full-time advisor would receive. Per-diem financial advisor pay in Memphis typically varies based on experience and client base, with projects ranging from $3,000 to $15,000 for comprehensive plans and ongoing consulting fees of $5,000 to $25,000 particularly relevant for retirement planning. Hourly rates can vary notably across different employer types; wirehouses may offer competitive rates but often come with bonuses, while independent RIAs and insurance-affiliated firms might provide better hourly pay in exchange for reduced benefits. In a competitive environment like Memphis, knowing how to negotiate can make a significant difference; advisors should weigh the benefits of healthcare options against higher hourly earnings available in more commission-driven roles. Understanding these dynamics is crucial for professionals considering their next career move in financial planning.
More salary data for Memphis, TN:
Frequently Asked Questions
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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
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 3.30% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for financial advisors in Memphis. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Source: BLS, OEWS, 7-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.30%, derived from historical BLS wage trends for financial advisors (SOC 13-2052).
Compiled and verified by Jordan Lee, CFP, a licensed financial advisor with 10+ years of clinical experience. · View source data at BLS.gov