Accountant Jobs in Memphis, TN
About Accountant Jobs in Memphis
Looking for a Accountant job in Memphis? You're in the right place. This guide covers everything you need to know about working as a Accountant in Memphis, TN.
We'll show you what you can expect to earn. We'll also share which companies are hiring. Plus, you'll learn about the cost of living and how to get started in your job search.
Memphis has a strong job market for Accountants. Many employers are actively looking for talent. Read on to learn how to land your next role.
Accountant Salary in Memphis
Accountant salaries in Memphis are 14% below the national average, though the lower cost of living often provides similar purchasing power.
Purchasing power in Memphis is comparable to the national average, with salaries appropriately scaled to local costs.
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Accountant Job Market in Memphis
Memphis, TN is a growing job market with increasing opportunities for Accountant professionals. As a mid-sized metro with 633K residents, Memphis balances career opportunities with quality of life. While Logistics leads the local economy, there's growing demand for Accountant roles across various sectors. The market for Accountant positions remains stable, with opportunities in both established companies and growing organizations.
Top Companies Hiring Accountants in Memphis
Major employers hiring Accountants in Memphis include Regional banks, Credit unions, National financial services. Many companies offer competitive benefits including comprehensive healthcare, and professional development opportunities.
Cost of Living for Accountants in Memphis
Living in Memphis as a Accountant means navigating a cost of living that's below the national average, making it an attractive option for budget-conscious professionals. Average rent for a 1-bedroom apartment is approximately $1,800/month. At median Accountant salary, rent would consume about 37% of gross income - above the recommended 30% threshold. Consider roommates or suburban options. Suburban apartments average $1,400/month, offering significant savings with slightly longer commutes.
Commuting as a Accountant in Memphis
Memphis Limited public transit options; car recommended for most commutes. The average commute time is 25 minutes. Research employer-specific shuttle services. Consider living close to your workplace. Since transit options are limited, consider living close to your workplace or negotiating flexible hours to avoid peak traffic.
Best neighborhoods for Accountants in Memphis: Downtown (Central business district with tech companies); Tech Park/Campus (Suburban office park developments). Downtown is particularly popular among Accountant professionals due to proximity to major employers and urban amenities.
Tax Considerations in Tennessee
Tennessee has no state income tax. Compared to a state with 5% income tax, a Accountant earning $58,050 would save approximately $2,903 annually. This makes Memphis attractive for high earners, though property taxes and sales tax help fund state services.
Career Outlook for Accountants
The job outlook for Accountants in Memphis is stable. While not experiencing rapid growth, the field maintains steady demand with consistent opportunities for qualified professionals. While the market is smaller, Memphis offers opportunities for those seeking specialized roles or better work-life balance. In-demand skills include GAAP, Financial Reporting, Excel, Tax Preparation.
Relocating to Memphis
Memphis's affordable cost of living means your Accountant salary will stretch further than in major coastal cities. Many professionals relocate here for better quality of life. Tennessee has no state income tax, which can add thousands to your annual take-home pay compared to high-tax states like California or New York.
Frequently Asked Questions
What is the average Accountant salary in Memphis, TN?
The average Accountant salary in Memphis, TN is $58,050 per year. Entry-level Accountants typically start around $36,550, while experienced professionals can earn $84,065 or more. The national average for Accountant roles is $67,500.
How many Accountant jobs are available in Memphis?
Memphis has a growing job market with steady opportunities for Accountant professionals. Major employers hiring Accountants include Regional banks, Credit unions, National financial services. The Logistics and Healthcare sectors drive much of the demand in this market.
Is Memphis a good city for Accountants?
Memphis is an solid choice for Accountants. While not as large as coastal metros, it offers solid opportunities and often better work-life balance. The affordable cost of living means salaries go further than in more expensive markets. The city's logistics industry creates strong demand for finance & accounting professionals.
What skills are most in-demand for Accountants in Memphis?
Top skills for Accountants in Memphis include GAAP, Financial Reporting, Excel, Tax Preparation, Auditing. Employers value both technical expertise and soft skills like communication and teamwork.
What is the cost of living for Accountants in Memphis?
Memphis's cost of living is below the national average (86% of baseline). Average rent for a 1-bedroom apartment is approximately $1,800/month. Purchasing power in Memphis is comparable to the national average, with salaries appropriately scaled to local costs.
How is the commute for Accountants in Memphis?
Memphis Limited public transit options; car recommended for most commutes. The average commute is 25 minutes. Research employer-specific shuttle services.
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