Financial Manager Salary in TennesseeNo State Income Tax
Financial Managers in Tennessee earn an average of $155,695 per year across 2 metro areas. This is +6.2% lower than the national average.
Average Salary
$155,695
per year
Hourly Rate
$74.86
per hour
vs National
-6.2%
$166,050 national
Salary Range
$103,774
to $223,213
Cost of Living Adjusted Salary
Nominal Salary
$155,695
Cost of Living Index
93
100 = national average
Adjusted Salary
$167,414
purchasing power equivalent
After adjusting for Tennessee's cost of living (below average), a Financial Manager's salary of $155,695 has the purchasing power of $167,414 in an average-cost area. Additionally, Tennessee has no state income tax, further increasing take-home pay.
Financial Manager Salary by City in Tennessee
| City | Median Salary | Hourly Rate | Entry Level (P10) | Senior (P90) | Employment |
|---|---|---|---|---|---|
| Nashville, TN | $162,818 | $78.28/hr | $109,538 | $234,609 | 603 |
| Memphis, TN | $148,572 | $71.43/hr | $98,009 | $211,816 | 609 |
Source: Bureau of Labor Statistics OEWS Survey, 2026. Sorted by median salary (highest first).
Tennessee vs National Average
Financial Manager Salary Comparison
Employment in Tennessee
There are approximately 1,212 Financial Managers employed across 2 metro areas in Tennessee.
Key Industries: Healthcare, Automotive, Music & Entertainment
State Income Tax: None (tax-free state)
Financial Manager Salary Range in Tennessee
Entry Level (10th Percentile)
$103,774
Starting salary for new Financial Managers
Median (50th Percentile)
$155,695
Mid-career Financial Manager salary
Senior (90th Percentile)
$223,213
Top earners in the field
Related Occupations in Tennessee
Financial Analyst
$92,489
avg in TN
-$63,206 vs Financial Manager
Management Analyst
$91,924
avg in TN
-$63,771 vs Financial Manager
Accountant
$72,368
avg in TN
-$83,327 vs Financial Manager
Market Research Analyst
$68,934
avg in TN
-$86,761 vs Financial Manager
Human Resources Specialist
$62,990
avg in TN
-$92,705 vs Financial Manager
Financial Manager Salary in Neighboring States
Compare Financial Manager salaries in Tennessee with nearby states to find the best opportunities.
More Tennessee Data
Frequently Asked Questions
What is the average Financial Manager salary in Tennessee?
The average Financial Manager salary in Tennessee is $155,695 per year ($74.86/hour) based on 2026 data across 2 metro areas. This is 6.2% below the national average of $166,050.
What is the highest paying city for Financial Managers in Tennessee?
Nashville, TN is the highest paying city for Financial Managers in Tennessee, with a median salary of $162,818 per year. The lowest paying metro area is Memphis, TN at $148,572.
What is the salary range for Financial Managers in Tennessee?
Financial Manager salaries in Tennessee range from $103,774 (entry-level, 10th percentile) to $223,213 (experienced, 90th percentile). The median salary is $155,695 per year.
About This Data
Salary data is sourced from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey. State-level averages are calculated from metro area data within Tennessee. Figures represent 2026 estimates and may not reflect all employers or self-employed workers. Cost of living adjustments use regional indices to provide purchasing power context.