Financial Managers in Tennessee
May 2025 wages · tax year 2026
You keep
$107,646
after federal, FICA and Tennessee tax
Tax takes
$33,364
23.7% of the whole
Worth, in national money
$116,356
Tennessee costs less than average
On that salary you would be around the 25th percentile for this work in Tennessee — roughly, since only five points along the band are published.
One filer, standard deduction, no dependants and nothing paid in before tax — the same household the rest of this page uses, so the comparison holds. City and school-district income taxes are not included.
Median here
$141,010
Kept after tax
$107,646
Worth in national money
$116,356
State rank
26
of 51 states
What this pays, and what it is worth
- Tennessee sits in the middle of the pack for financial managers. The median is $141,010, ranking 26 of 51 states with figures. Close enough to the national middle that where you live matters more than the headline suggests.
- Within Tennessee this is well-paid work. Of 491 occupations with published figures in the state, financial managers ranks 9 — in the top quarter of everything people do there.
- Cheaper living works in this state's favor. From $141,010 you keep $107,646 after tax, and local prices stretch that to the equivalent of $116,356 at national prices. Averages run higher here, $164,480, since top earners drag the number up.
- Tennessee occupies the middle band for financial managers: a median of $141,010, ranking 26 of 51. Where nominal pay is close to the national figure, the tax and price adjustments below carry proportionally more weight in determining the real outcome.
- Ranked against every occupation Tennessee publishes a median for, financial managers sits 9 of 491 — the upper quartile of the state's wage distribution. National standing and within-state standing are separate questions, and a job can occupy very different positions on each.
- Retained pay in Tennessee is $107,646 after the full tax stack, from $141,010. Because the state's price level runs below the national average, the price-adjusted equivalent is $116,356 — a real-terms figure describing purchasing power rather than compensation, and not a number that appears on any pay stub. Mean pay of $164,480 exceeds the median, so the upper tail is doing the work.
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Pay band: Financial Managers
The state median for this job
| Lowest tenth earn under | $83,080 |
|---|---|
| Half earn under | $141,010 |
| Top tenth earn over | $288,750 |
| This salary | $141,010 |
Positions between the published tenth, quarter, half, three-quarter and ninetieth points are estimated by straight line.
The same pay, somewhere else
The state median for this job
| Take-home in Tennessee | $107,646 |
|---|---|
| Take-home in Texas | $107,646 |
| Once local prices are leveledBEA price parity | −$5,580 |
The raise and the real gain point in opposite directions here.
State income tax and state price levels only. No city income tax, and no housing market.
What you would need there
The state median for this job
| To match take-home only | $141,010 |
|---|---|
| Raise you would need | +$7,933 |
| Prices in Texas | 97 vs 93 |
State taxes and state price levels only. No city tax, and no housing market.
Sources and assumptions
- Half the people doing this work in Tennessee earn less than $141,010. The published range is $83,080 up to $288,750, so an individual figure can sit a long way from the middle in either direction.
- That $107,646 take-home in Tennessee comes from $141,010. It is the no-frills case: single filer, standard deduction, nothing set aside before tax. Real circumstances almost always reduce the tax. City and school-district taxes are not counted at all. Locally the work ranks 9 of 491.
- The wage data and the price data come from different years. That is how each is published. The price adjustment behind $116,356 uses one figure for the whole of Tennessee. A city and a rural county there can differ by more than two states do. Out of 491 occupations the state publishes, this one sits at 9.
- Reported values are medians; for financial managers in Tennessee the tenth-to-ninetieth percentile band is $83,080 to $288,750. Neither the median nor the band is an offer rate, and neither accounts for hours, shift differentials or overtime.
- Retained pay of $107,646, from $141,010, assumes a single Tennessee filer with the standard deduction and no elective deferrals. Pre-tax retirement or HSA contributions, dependants and itemized deductions all reduce it further; local income taxes, excluded here, would increase it in the states that levy them. This occupation ranks 9 of 491 locally, and the state ranks 26 of 51 for it.
- Wage and price series carry different reference periods, each published on its own schedule. The real-terms figure of $116,356, worked from $141,010, deflates by a statewide parity that conceals substantial intra-state variation, concentrated in housing — so it supports comparison between states rather than the pricing of a move to a particular Tennessee address, on work sitting at 9 of 491 locally.
Questions people ask
Is this the average pay for the job?
It is the midpoint, not the average. The average here is $164,480, dragged up by high earners; the middle figure describes a typical worker better.
Why is the pay range for this job so wide?
Because one job title covers very different work. The bottom tenth here earn $83,080 and the top tenth $288,750 — experience, employer and specialism separate them, and a single figure hides all three.
What does this pay actually buy where I live?
More than the figure suggests. Prices in Tennessee sit below the national level, so take-home here stretches like $116,356 would elsewhere. The wage is the same; the ground it covers is larger.
Is most of this wage taxed away?
No. $107,646 survives, because Tennessee levies no wage income tax. The federal share does not change with the state you work in.
Can I compare this job across every state?
All 51 jurisdictions report this work, which makes the ranking a like-for-like one.
How does the published median differ from the mean for this occupation?
The median is the midpoint of the distribution; the mean for this occupation in Tennessee is $164,480. Wage distributions are right-skewed, so the mean exceeds the median wherever a minority earn substantially more. BLS publishes both because substituting one for the other misstates a typical worker's pay.
What drives the percentile dispersion in this occupation?
Dispersion between the tenth percentile ($83,080) and the ninetieth ($288,750) exceeds the family median dispersion. SOC codes aggregate roles differing in seniority, industry and specialisation, and BLS does not disaggregate below the detailed occupation level, so within-title variance is not separable from the published series.
What is this occupation's price-adjusted compensation in this state?
Tennessee's regional price parity is at or below the national average, so nominal wages understate purchasing power. Take-home deflated by the state price level is $116,356 in national-average terms. The adjustment uses an all-items index and does not isolate housing.
Why is the take-home ratio comparatively high in this state?
Tennessee levies no personal income tax on wages, so take-home of $107,646 reflects the federal layer and FICA alone. Federal income tax and FICA are unchanged; states without a wage income tax generally recover revenue through consumption and property bases instead.
Is this occupation's state coverage complete?
State-level estimates are published for all 51 jurisdictions for this occupation, so cross-state comparison is not confounded by suppression. ⚠️ Estimates remain survey-based and carry sampling error; small differences between adjacent states should not be over-read.