The annual salary statistics of financial managers in Nashville-Davidson--Murfreesboro--Franklin, Tennessee is shown in Table 1. The wage statistics of financial managers in Nashville-Davidson--Murfreesboro--Franklin 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 | $58,520 |
| 25th Percentile Wage | $78,950 |
| 50th Percentile Wage | $108,710 |
| 75th Percentile Wage | $154,850 |
| 90th Percentile Wage | $206,980 |
Table 1 shows the average annual salary for financial managers in Nashville-Davidson--Murfreesboro--Franklin, Tennessee in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $206,980. The median (50th percentile) annual salary is $108,710. The average annual salary for the bottom 10 percent earners is $58,520.
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 | $108,710 | 1.92% | 11.32% |
| 2018 | $106,620 | 9.83% | - |
| 2016 | $96,140 | 3.47% | - |
| 2015 | $92,800 | -0.88% | - |
| 2014 | $93,620 | -6.64% | - |
| 2013 | $99,840 | 3.45% | - |
| 2012 | $96,400 | - | - |
From Table 3 we note that with a median annual salary of $108,710, Nashville-Davidson--Murfreesboro--Franklin is the highest paying city for financial managers in state of Tennessee, followed by Memphis (median annual salary $103,380). In comparison, the median annual salary of financial managers in Nashville-Davidson--Murfreesboro--Franklin is 4.9 percent (4.9%) higher than that in Memphis.
| 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 |