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2026 Salary Data — Memphis, TN
Updated April 28, 2026

Financial Planner Salary in Memphis: $84K Median

Financial Planners in Memphis, TN earn between $55K and $139K per year.

That's -12% below the US national median of $96,000 for this role.

Quick Answer

As of April 2026, the median Financial Planner salary in Memphis, TN is $84,480 per year — -12% below the US national median of $96,000. Salaries range from $54,912 (entry, 25th percentile) to $139,392 (90th percentile). Financial Planners in Memphis earned approximately $16,565 in 2025, representing 410.0% year-over-year growth.

Median
$84,480
+410.0% YoY · $7,040/mo
Entry
$65,894
0–2 years
Experienced
$111,514
5+ years
Top 10%
$139,392
Senior/lead
Financial Planner Salary — Memphis vs Nearby
Memphis
$84K
Nashville
$96K
-12% vs Memphis
El Paso
$82K
+4% vs Memphis
Tulsa
$84K
+0% vs Memphis

Free ATS scan · Memphis employers · Results in 60 seconds

About Financial Planners in Memphis

Financial planners help individuals and families plan for retirement, investments, taxes, and estate goals. CFP-track planners deliver holistic, fiduciary-grade advice.

Core Responsibilities

  • Build comprehensive financial plans
  • Advise on retirement and investment strategy
  • Manage client portfolios and rebalancing
  • Coordinate tax and estate planning
  • Build long-term client relationships

Education & Certifications

Typical path: Bachelor's degree + CFP certification

In-demand certifications

Certified Financial Planner (CFP)ChFCCFASeries 7/65/66CPA/PFS

Memphis Job Market

Logistics capital home to FedEx headquarters with major healthcare presence.

Population
633K
Cost of Living
85
vs 100 US avg
Unemployment
4.5%
Median Home
$175K

Top Industries in Memphis

Logistics (FedEx)HealthcareManufacturingMusic/Tourism

Top Employers Hiring Financial Planners

Major employers active in Memphis or hiring remotely from this metro.

Fidelity
Vanguard
Charles Schwab
Edward Jones
Merrill Lynch
Morgan Stanley
RIAs (independent)
Northwestern Mutual

All major employers use ATS software.

Workday, Greenhouse, Taleo, and iCIMS auto-screen 75% of resumes before a human ever sees them. Scan your resume free to see your match rate.

2026 Hot Skills & Resume Keywords

Skills that command salary premiums and pass ATS keyword filters.

Hottest 2026 Skills

These appear in the highest-paying Financial Planner listings.

CFP designationtax planningestate planningfee-only RIA modelfinancial planning software (eMoney, RightCapital)behavioral finance

ATS Resume Keywords

Include these naturally throughout your resume.

CFPfinancial planningretirement planninginvestment managementwealth managementfiduciarytax planningestate planningSeries 65client relationships
Career Outlook
+13% Growth Projected (2024-2034)

Financial planner roles projected to grow 13% through 2034. Aging baby boomers and growing wealth transfer driving strong demand for CFPs.

Financial Planner Salary Breakdown — Memphis

PeriodEntry (25th)Median (50th)Top (90th)
Annual$54,912$84,480$139,392
Monthly$4,576$7,040$11,616
Weekly$1,056$1,625$2,681
Hourly$26$41$67

Based on 2080 working hours/year. Local figures derived from BLS Occupational Employment and Wage Statistics national median ($96,000) adjusted for Memphis's cost-of-living multiplier (0.88×, sourced from BEA Regional Price Parities).

Financial Planner Take-Home Pay in Memphis

After federal, state and FICA taxes — single filer, standard deduction.

Net Annual Take-Home
$67,729.68
Per month$5,644
Biweekly paycheck$2,605
Effective tax rate19.8%

Tax Breakdown on $84,480

Gross salary$84,480
Federal income tax−$10,287.6
Tennessee state tax−$0
FICA (Social Security + Medicare)−$6,462.72
Take-home (net)$67,729.68

Estimates assume single filer, standard deduction ($14,600 for 2026), no 401(k)/HSA/dependents. Actual take-home varies with deductions, dependents, and benefits elections. Not tax advice.

Financial Planner Salary by Experience — Memphis

Career-stage progression for Financial Planners in Memphis.

ExperienceAnnual Salary
0–1 yr$60,622
2–3 yr$65,894
4–6 yr$88,704
7–10 yr$111,514
11–15 yr$131,587
15+ yr$125,453

Curve derived from BLS percentile data adjusted for Memphis's 0.88× cost-of-living multiplier. Highlighted row = 7–10 year experienced level.

Year-Over-Year Trend

+410.0% vs 2025

2025 median:$16,565
2026 median:$84,480
Change:+$67,915

Finance sector growth driven by demand for CFP designation and tax planning.

Is This A Good Salary?

Solid above median

Real purchasing power lands comfortably above the national middle-class threshold once cost of living is factored in. Homeownership and meaningful retirement savings are achievable on a single income.

COL-Adjusted Purchasing Power
$99,388
Comfortable lifestyle with strong savings potential - the median paycheck stretches well above the national average here.

How to Negotiate Your Financial Planner Salary in Memphis

Walk-away anchor: $75,429 (offers below this are below market for Memphis).

Leverage Points

  • Bonus targets and historical payout percentages (ask for last 3 years actual)
  • Profit-share, carry, or AUM-linked compensation for senior roles
  • CFA, CPA, or Series licenses materially shift base compensation
  • Buyout of unvested deferred comp from your current employer

Beyond Base Salary, Negotiate

Guaranteed first-year bonus (especially in IB, PE, hedge funds)Sign-on / make-whole for forfeited deferred compCarried interest or profit-share at PE/HF/VC firmsCFA / Series exam fees and study time off401(k) match and deferred comp plan

What To Say

"I'm walking away from $X in unvested deferred compensation if I leave now. Can we structure the offer with a sign-on that makes me whole, plus a guaranteed first-year bonus floor?"

Anchor on $112K–$139K for experienced roles, citing Memphis market data and your specific CFP designation/tax planning expertise.

Financial Planner Salary FAQ — Memphis

What is the average Financial Planner salary in Memphis, TN?
The average Financial Planner salary in Memphis is $84,480 per year as of April 2026 — $7,040/month, $1,625/week, or about $41/hour. Salaries range from $54,912 (entry, 25th percentile) up to $139,392 (experienced, 90th percentile). Source: BLS Occupational Employment and Wage Statistics adjusted for Memphis's cost-of-living multiplier (0.88×).
Is $84,480 a good Financial Planner salary in Memphis?
Solid above median. Real purchasing power lands comfortably above the national middle-class threshold once cost of living is factored in. Homeownership and meaningful retirement savings are achievable on a single income. Memphis's cost-of-living index is 85 (vs 100 nationally), giving $84,480 a real purchasing power of approximately $99,388 in national terms. Comfortable lifestyle with strong savings potential - the median paycheck stretches well above the national average here.
Can you live on $84,480 in Memphis?
Median local pay typically supports a single-earner family of four with a starter home, modest college savings, and standard healthcare costs covered. Stay under 25% of pre-tax income on rent. In this market, that is realistic on most professional salaries and leaves room for retirement contributions. For Memphis specifically (median home price $175,000), a $84,480 salary supports a comfortable lifestyle.
Is $84,480 enough for a single person in Memphis?
A single adult in Memphis typically needs ~$38,250 for a comfortable lifestyle (housing, food, transport, healthcare, modest savings). A $84,480 salary is well above that threshold — a single person can live comfortably with significant savings room.
Is $84,480 enough for a couple in Memphis?
A couple (one earner) in Memphis typically needs ~$61,200 for a comfortable lifestyle. A $84,480 salary as the sole household income is sufficient — enabling moderate housing, savings, and discretionary spending. Two earners at $84,480 each ($168,960 household) provides solid middle-class comfort.
Is $84,480 enough for a family of 4 in Memphis?
A family of 4 (one earner) in Memphis typically needs ~$93,500 for a comfortable middle-class lifestyle (housing for 4, childcare/school, food, healthcare, transport, savings). A $84,480 salary as the sole household income is below the comfortable threshold — most families need a second income or to live in cheaper suburbs/exurbs of Memphis. Childcare costs in Memphis typically run $13K-$24K per child per year.
What is the take-home pay for a Financial Planner in Memphis?
On a $84,480 Financial Planner salary in Memphis, TN, you take home approximately $67,729.68 per year ($5,644/month, $2,605 per biweekly paycheck) after taxes. Breakdown: federal $10,287.6, state $0, FICA $6,462.72. Effective tax rate: 19.8%. (Single filer, standard deduction, no other adjustments.)
How much do Financial Planners in Memphis earn compared to the US average?
Financial Planners in Memphis earn approximately 12% less than the US national median for this role ($96,000 nationally vs $84,480 in Memphis). However, Memphis's cost-of-living index of 85 means real purchasing power is approximately $99,388 when adjusted for local prices.
What does an entry-level Financial Planner earn in Memphis?
Entry-level Financial Planners in Memphis typically start at around $65,894 (0–2 years experience). With 5+ years, Financial Planners earn $111,514 or more. Top earners (90th percentile) reach $139,392+, typically at senior or lead levels with specialized skills.
Did Financial Planner salaries in Memphis increase in 2026?
Yes — Financial Planner salaries in Memphis grew approximately 410.0% year-over-year, from $16,565 in 2025 to $84,480 in 2026 (+$67,915). This reflects the broader Finance sector's compensation trend, driven by CFP designation and tax planning demand.
What's the job outlook for Financial Planners in Memphis?
Financial planner roles projected to grow 13% through 2034. Aging baby boomers and growing wealth transfer driving strong demand for CFPs. Memphis's top industries include Logistics (FedEx), Healthcare, Manufacturing, and the metro's current unemployment rate is 4.5% — steady demand for skilled workers.
What skills are most in demand for Financial Planners in 2026?
The hottest 2026 skills for Financial Planners are: CFP designation, tax planning, estate planning, fee-only RIA model, financial planning software (eMoney, RightCapital), behavioral finance. ATS systems specifically scan for these keywords. Adding them to your resume — naturally and in context — significantly improves your match rate with employers in Memphis.
Who are the top employers hiring Financial Planners in Memphis?
Top employers hiring Financial Planners in or near Memphis include: Fidelity, Vanguard, Charles Schwab, Edward Jones, Merrill Lynch, Morgan Stanley. Most use ATS software (Workday, Greenhouse, Taleo, iCIMS) to screen resumes — meaning your resume must be ATS-optimized to even get a human reader.
How do I negotiate a higher Financial Planner salary in Memphis?
I'm walking away from $X in unvested deferred compensation if I leave now. Can we structure the offer with a sign-on that makes me whole, plus a guaranteed first-year bonus floor? Key leverage points for Finance negotiations: Bonus targets and historical payout percentages (ask for last 3 years actual); Profit-share, carry, or AUM-linked compensation for senior roles; CFA, CPA, or Series licenses materially shift base compensation. Beyond base salary, negotiate for: Guaranteed first-year bonus (especially in IB, PE, hedge funds), Sign-on / make-whole for forfeited deferred comp, Carried interest or profit-share at PE/HF/VC firms, CFA / Series exam fees and study time off.
How can I increase my Financial Planner salary in Memphis?
Three highest-leverage moves: (1) Add 2026's hot skills (CFP designation, tax planning, estate planning) — they command 15-30% premiums. (2) Get a recognized certification (e.g., Certified Financial Planner (CFP) or ChFC). (3) Tailor your resume to each role's keywords — CVCraft's ATS scanner shows you exactly what's missing.
What education do I need to become a Financial Planner in Memphis?
Bachelor's degree + CFP certification is the typical path. However, Memphis's competitive market increasingly values demonstrable skills, portfolios, and certifications alongside (or in place of) traditional degrees — particularly for Finance roles.

Methodology & Sources

Financial Planner salary figures for Memphis are computed by adjusting the BLS national median ($96,000) by Memphis's cost-of-living multiplier of 0.88× — a composite of regional wage data and price parities. Year-over-year change (410.0%) reflects the Finance sector's 2025-2026 wage growth per BLS Employment Cost Index trends. Last reviewed April 28, 2026.

Data Sources

Related Roles in Memphis

Financial Analyst →Accountant →Real Estate Agent →

Financial Planner Salary in Other Cities

Jacksonville, FL$88KEl Paso, TX$82KNashville, TN$96KOklahoma City, OK$84KLouisville, KY$87KAlbuquerque, NM$86KTucson, AZ$86KTulsa, OK$84K

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