The annual salary statistics of financial managers in Eastern Tennessee nonmetropolitan area, Tennessee is shown in Table 1. The wage information of financial managers in Eastern Tennessee nonmetropolitan area is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2019 and published in April 2020 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $43,880 |
| 25th Percentile Wage | $50,700 |
| 50th Percentile Wage | $64,060 |
| 75th Percentile Wage | $98,400 |
| 90th Percentile Wage | $133,830 |
Table 1 shows the average annual salary for financial managers in Eastern Tennessee nonmetropolitan area, Tennessee in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $133,830. The median (50th percentile) annual salary is $64,060. The average annual salary for the bottom 10 percent earners is $43,880.
The table and chart below show the trend of the median salary of financial managers from 2012 to 2019.
| Year | Median Salary | Yearly Growth | 7-Year Growth |
|---|---|---|---|
| 2019 | $64,060 | -0.66% | 10.71% |
| 2018 | $64,480 | -7.44% | - |
| 2017 | $69,280 | 8.07% | - |
| 2016 | $63,690 | 8.45% | - |
| 2015 | $58,310 | 10.56% | - |
| 2014 | $52,150 | -0.06% | - |
| 2013 | $52,180 | -9.62% | - |
| 2012 | $57,200 | - | - |
From Table 3 we note that with a median annual salary of $64,060, Eastern Tennessee nonmetropolitan area is the lowest paying city for financial managers in state of Tennessee, following city of Nashville-Davidson--Murfreesboro--Franklin (median annual salary of $108,710). Also we note that in comparison, the annual salary of financial managers in Eastern Tennessee nonmetropolitan area is about 41.1 percent (41.1%) lower than that of the highest paying city Nashville-Davidson--Murfreesboro--Franklin.
| Cities/Areas | Median Annual Salary |
|---|---|
| Nashville-Davidson--Murfreesboro--Franklin | |
| Memphis | |
| Chattanooga | |
| Clarksville | |
| Jackson | |
| North Central Tennessee nonmetropolitan area | |
| South Central Tennessee nonmetropolitan area | |
| Knoxville | |
| Johnson City | |
| Western Tennessee nonmetropolitan area | |
| Morristown | |
| Cleveland | |
| Eastern Tennessee nonmetropolitan area |