Last updated: 2025 BLS data · Page refreshed:
How much does a Personal Financial Advisors actually take home in Tennessee?
No state income tax — 20.0% effective total tax rateData: BLS OEWS 2025 + IRS/State Tax Brackets 2024 • Updated 2026-05-19
Detailed line-by-line tax calculation for a Personal Financial Advisors earning $84,160 in Tennessee (single filer, standard deduction).
| Tax Component | Annual Amount | Effective Rate |
|---|---|---|
| Gross Salary (Median) | $84,160 | — |
| Federal Income Tax | -$10,356 | 12.3% |
| Tennessee State Income Tax | -$0 | 0.0% |
| Social Security (OASDI) | -$5,217 | 6.2% |
| Medicare | -$1,220 | 1.4% |
| Total Taxes | -$16,794 | 20.0% |
| Take-Home Pay | $67,365 | 80.0% |
Take-home pay varies significantly across experience levels. Here is the after-tax breakdown for each salary percentile of Personal Financial Advisors in Tennessee.
| Percentile | Gross Salary | Total Taxes | Take-Home Pay | Tax Rate |
|---|---|---|---|---|
| 10th Percentile (P10) | $44,170 | -$6,695 | $37,474 | 15.2% |
| 25th Percentile (P25) | $58,880 | -$9,585 | $49,294 | 16.3% |
| Median (P50) | $84,160 | -$16,794 | $67,365 | 20.0% |
| 75th Percentile (P75) | $167,410 | -$42,523 | $124,886 | 25.4% |
| 90th Percentile (P90) | $406,200 | -$125,633 | $280,566 | 30.9% |
Tennessee has no state income tax, which means a Personal Financial Advisors keeps $67,365 of their $84,160 salary — 80.0% of gross pay. Only federal income tax and FICA reduce the paycheck, making Tennessee one of the most tax-friendly states for this occupation.
With an effective total rate of 20.0%, a Personal Financial Advisors in Tennessee keeps $67,366 of $84,160 gross — roughly typical for U.S. middle-income earners once federal, FICA and state taxes are combined.
Tennessee is one of the few states with zero state income tax for wage earners. For a Personal Financial Advisors, that means the only deductions are federal income tax and FICA — no additional state withholding. This typically adds several thousand dollars per year compared to comparable states with income tax.
Federal income tax ($10,356) accounts for 62% of the total tax bill — the single largest deduction. FICA adds $6,438 (38%), and state tax the remaining $0 (0%).
Tennessee ranks #34 of 49 states for Personal Financial Advisors after-tax pay — lower half of the national distribution. Either gross wages trail the national median, state tax is elevated, or both.
Translated into paycheck cadences, $67,366 net/year works out to $5,614/month or $2,591/bi-weekly for this Personal Financial Advisors in Tennessee — the numbers that actually hit a checking account after every deduction.
Where does a Personal Financial Advisors keep the most of their paycheck? Top 10 states ranked by after-tax take-home pay.
Tennessee ranks #34 out of 49 states for Personal Financial Advisors after-tax take-home pay.
A Personal Financial Advisors in Tennessee earning a median salary of $84,160 will take home approximately $67,365 per year after federal income tax ($10,356), state income tax ($0), and FICA ($6,438). That is $5,613 per month or $2,590 per bi-weekly paycheck.
The effective total tax rate for a Personal Financial Advisors in Tennessee is 20.0%, broken down as: federal income tax 12.3%, Tennessee state tax 0.0%, and FICA (Social Security + Medicare) 7.6%. This assumes a single filer with the standard deduction for 2024.
No, Tennessee does not levy a state income tax on wages. This means a Personal Financial Advisors in Tennessee only pays federal income tax and FICA taxes, resulting in a lower overall tax burden compared to most other states. The total effective rate is 20.0%.
After all taxes, a Personal Financial Advisors in Tennessee takes home approximately $5,613 per month, or about $32.39 per hour (based on a standard 2,080-hour work year). These figures assume a single filer, standard deduction, and no additional pre-tax deductions.
We start with the 2025 BLS median salary of $84,160 for Personal Financial Advisors in Tennessee, then subtract: federal income tax using 2024 IRS brackets ($14,600 standard deduction), Tennessee state income tax (no state income tax), Social Security (6.2% up to $168,600), and Medicare (1.45%). The result — $67,365/yr — does not include local taxes, pre-tax deductions (401k, HSA), or tax credits.
Some links are affiliate links. See our disclosure.
This estimate assumes a single filer using the 2024 standard deduction ($14,600), with W-2 employment income only. It does not account for: itemized deductions, tax credits (e.g. earned income credit, child tax credit), local/city taxes, pre-tax contributions (401k, HSA, FSA), self-employment tax, or additional income sources. Actual take-home pay may differ. Consult a tax professional for personalized advice.
Our Methodology · Data Sources · Salary: BLS OEWS · Tax: IRS + State DOR