Financial Managers Salary in Tennessee
Official Bureau of Labor Statistics Data - May 2024 - TN
Median Annual Salary in Tennessee
$140,490
$67.54 / hour
▼ 10.0% below national avg
National Median
$156,100
$75.05 / hour nationally
COL-Adjusted Purchasing Power
$154,725
Missouri equivalent (COL: 90.8)
Financial Managers Salary in Tennessee
| Percentile | Annual Salary |
|---|---|
| 10th (Entry Level) | $74,460 |
| 25th Percentile | $101,153 |
| 50th (Median) | $140,490 |
| 75th Percentile | $193,876 |
| 90th (Top Earners) | $241,643 |
| Source: U.S. Bureau of Labor Statistics OEWS, May 2024 | |
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Cost of Living Adjusted Salary
The Tennessee median salary of $140,490 for Financial Managers has the purchasing power of approximately $154,725 in Missouri (the COL baseline state with index 100).
Tennessee's lower cost of living (COL index: 90.8) means your salary goes further than in higher-cost states.
COL data: MERIC 2024 State Cost of Living Index. Missouri = 100 baseline.
Frequently Asked Questions
How much do Financial Managers make in Tennessee?
Financial Managers in Tennessee earn a median annual salary of $140,490 per year ($67.54/hr) according to BLS OEWS data (May 2024). This is below the national median of $156,100.
Is Tennessee a good state for Financial Managers?
Tennessee pays slightly below the national average for financial managers. Cost of living in Tennessee is lower average (COL index: 90.8).
What is the cost-of-living adjusted salary for Financial Managers in Tennessee?
After adjusting for cost of living (COL index: 90.8 vs. Missouri baseline of 100), the $140,490 salary in Tennessee has the purchasing power of approximately $154,725 in Missouri. Lower living costs in Tennessee increase real purchasing power.
How does Tennessee compare to neighboring states for Financial Managers salaries?
For detailed comparison across all states, see the full Financial Managers salary page at the national level, which includes a complete 50-state salary table.
Top Paying Jobs in Tennessee
| # | Job Title | Median Annual |
|---|---|---|
| 1 | Anesthesiologists | $298,980 |
| 2 | Radiologists | $278,928 |
| 3 | Orthopedic Surgeons, Except Pediatric | $275,598 |
| 4 | Surgeons, All Other | $265,068 |
| 5 | Ophthalmologists, Except Pediatric | $244,692 |
| 6 | Psychiatrists | $224,818 |
| 7 | Physicians, Pathologists | $219,528 |
| 8 | General Internal Medicine Physicians | $219,006 |
| Source: BLS OEWS May 2024 | ||
About Financial Managers in Tennessee
Financial Managers work in their specialized field applying expertise and skills to deliver value in their organization. This occupation is part of the management sector of the U.S. economy.
Education Required: Bachelor's degree