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Financial Analyst Salary in Murfreesboro, TN

How much does a financial analyst make in Murfreesboro? Explore median, entry-level, and senior salaries adjusted for Murfreesboro's cost of living.

Median Salary
$92,160
per year in Murfreesboro
Entry Level
$55,096
Starting salary
Senior Level
$128,223
Experienced professionals
Cost of Living
104
4% above national avg

Salary Breakdown by Experience Level

See how financial analyst salaries break down across different pay periods in Murfreesboro.

PeriodEntry LevelMedianSenior
Annual$55,096$92,160$128,223
Monthly$4,591$7,680$10,685
Biweekly$2,119$3,545$4,932
Weekly$1,060$1,772$2,466
Hourly$26$44$62

Murfreesboro vs National Average

How Murfreesboro's financial analyst salaries compare to national figures.

Murfreesboro Salary
$92,160
COL Index: 104
National Average
$83,200
COL Index: 100
Difference
+$8,960
Higher in Murfreesboro

Cost of Living in Murfreesboro

1-Bedroom Rent
$1,400
per month
Median Income
$55,234
per year
Population
152,769
residents
Rent % of Income
30.4%
median household
Cost of Living Index: 104 — A score of 100 represents the U.S. average. Salaries in Murfreesboro have been adjusted to account for local cost differences.

About Financial Analyst

Overview

Analyze financial data and provide recommendations for investments and business decisions.

Education

Bachelor's degree in Finance, Economics, or related field

Key Skills

Financial AnalysisExcelInvestment ResearchData Analysis

Growth Rate

Expected job growth: +19% over the next decade

Compare Cities: Financial Analyst Salary

See Financial Analyst salaries in other top cities.

New York, NY
$128,490
+39%
Los Angeles, CA
$102,660
+11%
Chicago, IL
$102,790
+12%
Houston, TX
$98,310
+7%
Phoenix, AZ
$91,140
-1%

Financial Tools to Explore

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Financial Analyst Salary in Murfreesboro, TN — Complete Guide

Median Salary Overview

The median salary for a financial analyst in Murfreesboro, TN is $92,160 per year, adjusted for the local cost of living index of 104. This figure reflects typical earnings for experienced professionals in this role, considering Murfreesboro's unique economic conditions.

Salary Range and Experience Levels

Entry-level financial analyst professionals in Murfreesboro can expect to earn around $55,096 annually. As professionals gain experience, salaries typically increase, with senior-level financial analysts earning approximately $128,223 per year. This represents a 133% increase from entry to senior level.

Cost of Living Adjustment

Murfreesboro's cost of living index of 104 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Murfreesboro are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $83,200, the actual purchasing power must be considered in context.

Housing and Affordability

A significant portion of a financial analyst's salary in Murfreesboro typically goes toward housing. With a 1-bedroom apartment averaging $1,400 per month, housing represents about 18.2% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.

Career Growth and Opportunities

Financial Analysts are in growing demand across the United States, with an expected job growth of 19% over the next decade. In Murfreesboro, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.

Source: BLS OEWS May 2024Metro-level wage data for this occupation and area
Data source: Salary data on this page are sourced from Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) program May 2024 estimates. Figures are approximate and intended for informational purposes only. Actual salaries may vary based on employer, experience, education, certifications, and local market conditions. This page does not constitute financial or career advice. For the most current wage data, visit bls.gov.