ocity
💰 COL Index: 92 — Below Avg Cost

Salaries in Memphis, TN

Modeled occupation planning estimates with gross-pay and cost-context formulas.

Model generated 2026-02-25 · Methodology reviewed July 16, 2026 · 40 selected occupations

Selected-Role Model Average
$68,176
unweighted modeled medians; not a worker average
Purchasing-Power Model
$73,784
model average ÷ 92.4 × 100
Highest Modeled Role
Marketing Manager
$154,026
City 1BR Rent Reference
$1,146
monthly context; not a current quote

What does the salary model mean for Memphis?

$68,176 is the unweighted arithmetic average of the modeled medians for these 40 selected occupations. It is not an official mean or median for all local workers.

Model average$68,176/year
Gross monthly equivalent$5,681/month
Household income context$51,399

Keep the measures separate: gross monthly salary is before taxes and deductions; household income can include multiple earners; the selected-role model average is not weighted by local employment.

🏆 Highest Modeled Values in This 40-Role Set

Ranked by modeled annual occupation median. These are planning estimates, not direct local OEWS rows.

🥇 -2% vs national

Marketing Manager

$154,026
💡 Purchasing-power model $166,695
⏱ Hourly modeled equivalent $74.05/hr
National projected growth +8.0%
Career Guide → Best Cities →
🥈 -2% vs national

Pharmacist

$132,928
💡 Purchasing-power model $143,861
⏱ Hourly modeled equivalent $63.91/hr
National projected growth -3.0%
Career Guide → Best Cities →
🥉 -2% vs national

Software Developer

$124,358
💡 Purchasing-power model $134,587
⏱ Hourly modeled equivalent $59.79/hr
National projected growth +17.0%
Career Guide → Best Cities →
4️⃣ -2% vs national

Construction Manager

$105,742
💡 Purchasing-power model $114,439
⏱ Hourly modeled equivalent $50.84/hr
National projected growth +8.0%
Career Guide → Best Cities →
5️⃣ -2% vs national

Project Manager

$98,970
💡 Purchasing-power model $107,110
⏱ Hourly modeled equivalent $47.58/hr
National projected growth +6.0%
Career Guide → Best Cities →

📋 Complete Salary Guide — All 40 Occupations in Memphis

Purchasing-power equivalent = modeled annual median divided by the planning cost index (92.4/100). It does not estimate taxes or take-home pay. This city cost reference is below 100.

Showing all 40 occupations.

#
1 Marketing Manager $154,026
2 Pharmacist $132,928
3 Software Developer $124,358
4 Construction Manager $105,742
5 Project Manager $98,970
6 Physical Therapist $97,436
7 Financial Analyst $96,752
8 Web Developer $90,635
9 Dental Hygienist $85,534
10 Accountant $84,117
11 Registered Nurse $84,107
12 Data Analyst $81,459
13 Insurance Agent $78,117
14 Loan Officer $74,462
15 Police Officer $73,202
16 Human Resources Specialist $66,107
17 Elementary School Teacher $62,218
18 Plumber $61,905
19 Paralegal $61,319
20 Electrician $60,146
21 Real Estate Agent $60,078
22 Graphic Designer $59,941
23 Social Worker $59,472
24 Chef/Head Cook $58,974
25 Firefighter $55,817
26 Carpenter $55,622
27 HVAC Technician $54,400
28 Licensed Practical Nurse (LPN) $53,374
29 Heavy Truck Driver $51,879
30 Welder $48,459
31 Auto Mechanic $47,218
32 Personal Trainer $45,615
33 Dental Assistant $43,798
34 Veterinary Technician $41,765
35 Pharmacy Technician $39,381
36 Cosmetologist $37,495
37 Medical Assistant $37,397
38 Security Guard $35,316
39 Nursing Assistant (CNA) $34,944
40 Nail Technician $32,589

OCity planning estimates. National occupation references are inputs; displayed city values are modeled rather than direct local BLS occupation rows.

Memphis salary model: formulas, sources and limitations

Stored occupation model comparison

modeled estimate ÷ stored national reference = row comparison

On this owner, estimate-to-reference ratios are approximately 0.977×. Ratios can vary by occupation, so this is not described as one citywide multiplier or a direct local OEWS download.

Purchasing-power equivalent

modeled estimate ÷ 92.4 × 100

This comparison does not estimate taxes or take-home pay and is not an official BLS adjustment.

Limitations. “Average” is unweighted across selected occupations. Growth fields are national occupation projections, not local forecasts. City and metro geographies can differ. Repeated stored employment counts are not presented as local jobs.
BLS OEWS methodologyBLS national projectionsCensus/ACS income context

Model generated 2026-02-25; methodology reviewed July 16, 2026.

🏙️ Living Costs in Memphis

🏠
1BR Rent
$1,146/mo
🏡
2BR Rent
$1,298/mo
🏘️
Median Home
$199,950
📉
Unemployment
3.3%
💳
Median Income
$51,399
🎓
College Educated
29%
🚶
Walk Score
65/100
📊
Cost of Living
92
Below Avg Cost
📊 Full Cost of Living Breakdown → 🏠 Real Estate Market →

🧮 Test Your Memphis Budget

Use scenario tools to compare gross pay and city cost context. Results depend on the inputs and do not guarantee take-home pay, housing approval or affordability.

💰 Decode a Job Offer 🔄 Salary Equivalence Calculator 🔍 Career Arbitrage Tool

❓ Memphis Salary FAQ

What does the average salary in Memphis mean on this page?

▼
$68,176 is the unweighted arithmetic average of the modeled medians for 40 selected occupations. It is not an official mean or median for all Memphis workers.

What is the monthly salary estimate in Memphis?

▼
The selected-occupation model average equals about $5,681 per month before taxes and deductions. This gross arithmetic conversion is not take-home pay or household income.

What is a good salary in Memphis?

▼
There is no universal threshold. Household size, current housing quotes, taxes, debt, benefits, transportation and other recurring costs determine fit. The figures here are planning references, not affordability guarantees.

Are these direct local BLS salary observations for Memphis?

▼
No. Each stored city planning estimate is compared with its stored national occupation reference. The estimate-to-reference relationship is approximately 0.977×; it is not represented as one universal city multiplier or a direct local BLS observation.

📝 Planning Takeaways for Memphis

Use the occupation rows to compare modeled gross-pay references, not to predict an offer. Validate the exact role, experience level, employer, benefits and location. Then model taxes and current household costs before making a relocation or career decision.

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Career Guides →Cost of Living →Housing Market →Neighborhood Guide →

Explore Memphis Further

🏙️ Memphis City Overview 💰 Cost of Living 🏠 Real Estate 📊 Browse Salaries by City 💼 All Career Guides 🏘️ Neighborhood Guide 🔍 Career Arbitrage