Financial Advisor Salary in Tennessee: $90,949 (2026)
Quick Answer:Across Tennessee's 30 metropolitan areas, the average median financial advisor pay sits at $90,949/year heading into 2026 — a figure projected from 2025 BLS OEWS wage data for SOC 13-2052. Because Tennessee sits at BEA RPP 91.8 (8% below the U.S. baseline), that statewide median translates to roughly $99,073 in nationally-comparable purchasing power. Highest-paying metros: Memphis ($100,120), Nashville ($91,040), Franklin ($89,944).
In Tennessee, the average median salary for financial advisors in 2026 is projected to be $90,948, which is significantly lower than the national median of $108,537, reflecting a difference of 16.2%. The highest salaries are found in Memphis at $103,424, while Cleveland offers the lowest pay at $45,328. This disparity can be attributed to varying cost of living, local economic conditions, and the concentration of high-net-worth individuals in urban centers versus rural areas. Tennessee's salary landscape also reflects state-specific factors such as licensing requirements and regulations that govern financial practices. The demand for financial advisory services is continually driven by population growth and economic expansion, particularly in cities like Nashville, where the projected salary is $94,044, and Franklin at $92,912. As of 2026, there are 3,748 financial advisors employed throughout the state with a projected growth rate of 3.30% annually. Overall, the job market for financial advisors in Tennessee remains stable, with certain metro areas offering higher remuneration to reflect local market dynamics. Understanding these nuances is essential for those considering a career in financial advising within the state.
Tennessee Financial Advisor Salary Range
Overall salary range in Tennessee: $35,504 (lowest entry-level) to $618,106 (highest top earner)
Tennessee vs National Average
Tennessee financial advisors earn 16.2% less than the national median ($-17,588/year difference).
Tennessee Financial Advisor Salary Distribution (2026)
Financial Advisor salaries in Tennessee range from $46,737 (entry-level, 10th percentile) to $430,075 (top earners, 90th percentile), with a median of $90,949. The Tennessee median is $17,588 below the US national median of $108,537. The average hourly rate is $43.72/hr. Approximately 3,748 financial advisors are employed across 30 cities.
2019 BLS Actual
$62,561
2025 BLS Actual
$88,043
2026 Current Est.
$90,949
2019–2027 Growth
+50.2%
Salary Trajectory for Financial Advisors in Tennessee (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $62,561 | Actual |
| 2020 | $67,831 | Actual |
| 2021 | $71,863 | Actual |
| 2022 | $69,016 | Actual |
| 2023 | $75,485 | Actual |
| 2024 | $83,090 | Actual |
| 2025 | $88,043 | Actual |
| 2026(current) | $90,949 | Estimated |
| 2027 | $93,950 | Projected |
Based on 7 years of BLS OEWS data for the Tennessee metropolitan area, the median financial advisor salary grew 40.7% from $62,561 (2019) to $88,043 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $93,950 by 2027 — a total increase of $31,389 (50.17%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Tennessee 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.
Top 5 Highest Paying Cities in Tennessee
Lowest Paying Cities in Tennessee
| City | Median Salary |
|---|---|
| Cleveland | $45,328 |
| Clarksville | $60,689 |
| Jackson | $62,414 |
| Tullahoma | $73,348 |
| Sevierville | $74,948 |
Best Value Cities for Financial Advisors in Tennessee
When adjusted for local cost of living, these Tennessee cities offer the most purchasing power for financial advisors.
| City | Nominal Salary | CoL Index | Adjusted Salary |
|---|---|---|---|
| Memphis | $103,424 | 92.179 | $112,199 |
| Kingsport | $92,453 | 86.447 | $106,948 |
| Franklin | $92,912 | 91.8 | $101,211 |
| Murfreesboro | $92,378 | 91.8 | $100,630 |
| Nashville | $94,044 | 96.338 | $97,619 |
Adjusted salary = nominal salary × (100 / CoL index). CoL index: 100 = national average. Lower index = lower cost of living.
Salary by Experience Level in Tennessee
| Experience Level | Estimated Annual |
|---|---|
| Entry Level (0-2 years) | $46,737 |
| Mid Career (3-7 years) | $90,949 |
| Experienced (7+ years) | $430,075 |
Estimates based on BLS percentile data averaged across Tennessee metro areas. Individual pay varies by employer, certifications, and specialization.
All 30 Cities in Tennessee
| # | City | Median Salary |
|---|---|---|
| 1 | Memphis | $103,424 |
| 2 | Nashville | $94,044 |
| 3 | Franklin | $92,912 |
| 4 | Kingsport | $92,453 |
| 5 | Murfreesboro | $92,378 |
| 6 | Knoxville | $83,022 |
| 7 | Smyrna | $80,242 |
| 8 | Bartlett | $79,841 |
| 9 | Collierville | $79,564 |
| 10 | Johnson City | $79,386 |
| 11 | Spring Hill | $78,953 |
| 12 | Morristown | $78,609 |
| 13 | Lebanon | $77,894 |
| 14 | Oak Ridge | $77,888 |
| 15 | Chattanooga | $77,785 |
| 16 | Columbia | $77,364 |
| 17 | Germantown | $77,266 |
| 18 | Hendersonville | $77,111 |
| 19 | Gallatin | $76,977 |
| 20 | Brentwood | $76,576 |
| 21 | Shelbyville | $75,981 |
| 22 | Mount Juliet | $75,979 |
| 23 | La Vergne | $75,819 |
| 24 | Cookeville | $75,431 |
| 25 | Maryville | $75,381 |
| 26 | Sevierville | $74,948 |
| 27 | Tullahoma | $73,348 |
| 28 | Jackson | $62,414 |
| 29 | Clarksville | $60,689 |
| 30 | Cleveland | $45,328 |
More Tennessee Salary Data
Senior / Experienced
Top earner salaries for experienced financial advisors.
Explore More Financial Advisor Salary Data
Frequently Asked Questions
How much do financial advisors make in Tennessee in 2026?
What is the highest paying city for financial advisors in Tennessee?
How does Tennessee financial advisor pay compare to the national average?
What is the entry-level financial advisor salary in Tennessee?
How many financial advisors are employed in Tennessee?
Which Tennessee city offers the best value for financial advisors?
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
Statewide salary 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 each metro area's reported salary to estimate current 2026 financial advisor compensation across Tennessee. State averages are employment-weighted across 30 metro areas — larger metro areas with more financial advisorscontribute proportionally more to the average, producing figures that better reflect typical compensation. Individual pay varies by city, employer, certifications, and experience.
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