Financial Advisor Salary in Murfreesboro, TN: $92,378 (2026)
Quick Answer:A full-time financial advisor in Murfreesboro, TN earns a median $92,378/year (≈ $44.41/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Murfreesboro's price level (8% below national, BEA RPP 91.8), that paycheck buys what $100,630 would nationally. Nominal pay sits 16.4% above the Tennessee state average.
Based on BLS state-level estimates · View source
In Murfreesboro, financial advisors can expect to earn a median annual salary of $92,378 in 2026, which is significantly lower than the national median of $108,537. With salaries ranging from $53,580 at the 10th percentile to as high as $143,186 at the 90th percentile, the local compensation reflects the influence of the market dynamics driven by the wirehouse versus RIA fiduciary structural divide. In this context, advisors employed in wealth management firms may still operate under traditional commission-based structures, while independent financial advisors often utilize an AUM model that can considerably impact their earnings. The data presented reflects local estimates based on 2025 BLS data, adjusted for regional cost disparities, making Murfreesboro's pay somewhat competitive considering its lower cost of living.
About the Murfreesboro Market
Salary estimated from Tennessee average ($92,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $53,580 | $25.76 |
| Lower Range (P25) | $66,512 | $31.98 |
| Median (P50)(typical) | $92,378 | $44.41 |
| Upper Range (P75) | $118,244 | $56.85 |
| Top Earners (P90) | $143,186 | $68.84 |
Median Salary Position
14.89% below the national average
2026 Salary Percentile Distribution in Murfreesboro
In Murfreesboro, TN, the financial advisor salary spread from the 10th to 90th percentile is $89,606 (2026 est.). At $92,378, the local median is 14.89% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Murfreesboro: You'd be in the lower-middle range
How Murfreesboro Financial Advisor Pay Compares
Murfreesboro median: $92,378/year (2026)
| Compared To | Median Salary | Murfreesboro Pays |
|---|---|---|
| Tennessee Average | $79,363 | +16.40% more |
| National Average | $108,537 | -14.89% less |
Financial Advisors in Murfreesboro, TN earn a median of $92,378 per year (2026 est.), which is 14.89% lower than the national median of $108,537 and 16.40% above the Tennessee state average of $79,363.
Cost-of-Living Adjusted Salary
Murfreesboro has a cost of living 8.20% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Murfreesboro, TN has a cost-of-living index of 91.8 (below the national average of 100). A financial advisor earning $92,378 nominally has purchasing power equivalent to $100,630 in an average-cost city — an effective 8.93% boost.
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2019 BLS Actual
$74,771
2025 BLS Actual
$89,427
2026 Current Est.
$92,378
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Murfreesboro (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $74,771 | Actual |
| 2020 | $76,030 | Actual |
| 2021 | $80,150 | Actual |
| 2022 | $81,188 | Actual |
| 2023 | $84,754 | Actual |
| 2024 | $83,789 | Actual |
| 2025 | $89,427 | Actual |
| 2026(current) | $92,378 | Estimated |
| 2027 | $95,427 | Projected |
Based on 7 years of BLS OEWS data for the Murfreesboro metropolitan area, the median financial advisor salary grew 19.6% from $74,771 (2019) to $89,427 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $95,427 by 2027 — a total increase of $20,656 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Murfreesboro 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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $53,580 – $66,512 |
| 3-5 years (Mid Career) | $66,512 – $92,378 |
| 5+ years (Experienced) | $92,378 – $118,244 |
| 10+ years (Top Earner) | $118,244 – $143,186 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Murfreesboro
Currently, Murfreesboro has a workforce of 29 financial advisors, a modest number that points to a localized job market for this profession. The area's cost-of-living index, measured at 91.8, suggests that residents enjoy a relatively affordable lifestyle, allowing for better take-home purchasing power despite the lower average salaries. Within the city, compensation consistency varies across employer types: wirehouses like Morgan Stanley and Merrill Lynch typically offer higher salaries compared to independent advisors, who may leverage client relationships and AUM to maximize their earnings. Factors driving the significant pay range often include AUM book size, specific fee models, and the prevalence of high-net-worth clients in an advisor’s portfolio. For those looking to optimize their financial advisor pay in Murfreesboro, focusing on building a strong client base and obtaining certifications like the CFP can enhance professional credibility and potentially lead to higher earnings.
More salary data for Murfreesboro, 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
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. The BLS reported a median annual salary of $89,427 for financial advisorsin the Murfreesboro metropolitan area. A 3.30% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Murfreesboro is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
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