Financial Manager Salary in Tennessee: Cost of Living Adjusted (2024)

What does a Financial Manager salary really buy you in Tennessee?

Tennessee is 8.2% cheaper than the US average

Data: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31

Nominal Salary

$133,010

Median annual (2024)

→ +8.9%

Real Purchasing Power

$144,891

COL-adjusted (RPP=91.8)

Tennessee Cost of Living Index

Tennessee's Regional Price Parity (RPP) is 91.8, meaning prices are 8.2% lower the national average. A Financial Manager earning $133,010 in Tennessee has the equivalent purchasing power of $144,891 in an average-cost US state.

TN: 91.8

Cheapest (~85) US Avg (100) Priciest (~115)

Key Insight

A Financial Manager in Tennessee earns $133,010 on paper, but low living costs mean your money goes 9% further — like earning $144,891 in an average-cost state. This makes Tennessee one of the best value states for this occupation.

Best States for Financial Manager (After Cost of Living)

Where does Financial Manager salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.

1. New York

$200,501

RPP 107.6

2. Delaware

$183,724

RPP 98.0

3. New Jersey

$173,483

RPP 108.8

4. South Dakota

$172,750

RPP 88.0

5. Colorado

$170,909

RPP 102.3

6. Georgia

$170,615

RPP 95.8

7. North Carolina

$170,212

RPP 94.2

8. Virginia

$166,787

RPP 102.1

9. Massachusetts

$165,603

RPP 109.4

10. Texas

$164,461

RPP 97.5

Tennessee ranks #27 out of 50 states for Financial Manager after cost-of-living adjustment.

What To Do Next

Build a Professional Resume

Stand out to employers with a polished, ATS-friendly resume.

Upgrade Your Skills

Take courses from top universities and companies to boost your career.

Learn New Skills

Affordable courses in tech, business, and professional development.

Grow Your Career

Expert-led courses plus LinkedIn profile integration.

Some links are affiliate links. See our disclosure.

Frequently Asked Questions

What is the real salary for a Financial Manager in Tennessee after cost of living?

A Financial Manager in Tennessee earns a median salary of $133,010 per year. After adjusting for Tennessee's cost of living (RPP=91.8), the real purchasing power is $144,891 — a +8.9% difference.

Is Tennessee expensive to live in?

Tennessee's cost of living is 8.2% lower than the national average according to the BEA Regional Price Parities (2022). The RPP index for Tennessee is 91.8 (US average = 100).

What are Regional Price Parities (RPP)?

Regional Price Parities (RPPs) are price indexes published by the U.S. Bureau of Economic Analysis (BEA) that measure differences in price levels across states. They are expressed as a percentage of the national average (US = 100). Higher RPP means higher cost of living.

How is the cost-of-living adjusted salary calculated?

The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Financial Manager in Tennessee: $133,010 x (100 / 91.8) = $144,891. This represents what the salary would be worth in a state with average living costs.

Is it better to be a Financial Manager in Tennessee financially?

From a purchasing power perspective, yes. A Financial Manager in Tennessee enjoys 8.9% more buying power than the nominal salary suggests, because living costs are below the national average. However, other factors like job availability, career growth, and quality of life also matter.