Average Salaries in Memphis, TN
Explore salary data for all occupations in the Memphis metropolitan area.
Average Salary
$73,137
across all occupations
Highest Paying Job
$215,761
Physician
Occupations Covered
80
jobs with salary data
Cost of Living: Memphis, TN has a cost of living that is 12.2% below the national average. Consider this when comparing salaries.
Salaries in Memphis, TN by Occupation
About Working in Memphis, TN
This metropolitan area offers diverse career opportunities across multiple industries. The local economy supports a variety of occupations, and salary levels reflect the area's cost of living, industry mix, and labor market conditions.
Based on Bureau of Labor Statistics data, the average salary across all occupations in Memphis, TN is $73,137 per year. Salaries range from $30,197 for Childcare Workers to $215,761 for Physicians. The metropolitan area employs approximately 44,470 workers across the 80 occupations we track.
Memphis, TN Economy Overview
The local economy is supported by a mix of industries including healthcare, retail, professional services, and manufacturing. Economic conditions and employment opportunities vary based on national and regional trends.
Major Industries in Memphis, TN
The Memphis, TN job market is driven by these key industries:
Cost of Living Considerations
Cost of living in this area reflects local housing costs, transportation needs, and regional economic conditions. It's important to consider cost of living when comparing salaries across different locations.
Cost of Living Index: 87.8(12.2% below national average)
Job Market Insights
The job market conditions vary based on local industries and economic trends. Job seekers should research specific industries and employers in the area. Networking and local connections can be valuable in the job search process.
Quality of Life in Memphis, TN
Quality of life factors include local amenities, climate, recreational opportunities, and community characteristics. Consider your personal priorities when evaluating career opportunities in different locations.
Frequently Asked Questions About Salaries in Memphis, TN
What is the average salary in Memphis, TN?
The average salary across all occupations in Memphis, TN is approximately $73,137 per year. However, salaries vary significantly by occupation, experience level, and industry.
What are the highest paying jobs in Memphis, TN?
The highest paying occupation in Memphis, TN based on our data is Physician with an average salary of $215,761 per year. Other high-paying occupations can be found in the salary table above.
How does the cost of living affect salaries in Memphis, TN?
With a cost of living 12.2% below the national average, salaries in Memphis, TN may go further than in higher-cost areas. This can provide better overall value for workers.
Is Memphis, TN a good place to find a job?
Memphis, TN offers diverse employment opportunities across multiple industries. With 44,470 workers employed across the occupations we track, the metropolitan area has a substantial job market. Your prospects will depend on your industry, skills, and experience level.