Can A Financial Analyst Afford Rent in Memphis, TN?
Comfortably affordable — rent takes 16.2% of gross income.
Memphis rent: June 2026. Salary: BLS OEWS May 2024 (Tennessee state estimate).
About rent and a financial analyst salary
Financial analyst pay covers comfortable rent in most US cities. At the national-average financial-analyst salary, the 30% rule supports about $2,584 a month in rent, which is above the median in nearly every metro tracked here.
Cheaper rent nearby
These Tennessee cities have lower median rent than Memphis, which improves the affordability math on a financial analyst salary:
Compare with full rent data for Memphis
View full rent data for Memphis, TN →Frequently asked questions
Can a financial analyst afford rent in Memphis, TN?
Median rent in Memphis is $1,280 a month. A typical financial analyst in Tennessee earns about $95,073 a year, which makes that rent 16.2% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a financial analyst afford in Memphis?
Using the 30% rule, a financial analyst salary in Tennessee (~$95,073/yr) supports up to $2,377 a month in rent. Memphis's current median rent is $1,280/mo, which leaves a $1,097/mo buffer.
How many hours does a financial analyst work to cover rent in Memphis?
At an hourly equivalent of about $46 an hour, a financial analyst in Tennessee works roughly 28 hours a month to cover Memphis's median rent of $1,280.
Where is rent cheaper than Memphis for a financial analyst?
Nearby Tennessee cities with lower median rent include Gallatin ($1,279/mo), Smyrna ($1,274/mo), Jonesborough ($1,274/mo). Each shifts the affordability math materially on a financial analyst salary.