Average Salary in Memphis, TN
Across the 411 professional occupations we track, the median salary in Memphis is $86,000/year. Memphis, Tennessee offers career opportunities with no state income tax. All figures are Memphis-specific, adjusted for local cost of living and updated quarterly from BLS and H-1B disclosures.
Compare Memphis COL βAccounting salaries in Memphis
Agriculture salaries in Memphis
Architecture salaries in Memphis
Banking salaries in Memphis
Business salaries in Memphis
Cannabis salaries in Memphis
Construction salaries in Memphis
Creative salaries in Memphis
Cybersecurity salaries in Memphis
Dental salaries in Memphis
Education salaries in Memphis
Energy salaries in Memphis
Engineering salaries in Memphis
Finance salaries in Memphis
Gaming salaries in Memphis
Government salaries in Memphis
Healthcare salaries in Memphis
Hospitality salaries in Memphis
Human Resources salaries in Memphis
Insurance salaries in Memphis
Legal salaries in Memphis
Marketing salaries in Memphis
Media salaries in Memphis
Mental Health salaries in Memphis
Nonprofit salaries in Memphis
Real Estate salaries in Memphis
Retail salaries in Memphis
Sales salaries in Memphis
Science salaries in Memphis
Sports & Fitness salaries in Memphis
Supply Chain salaries in Memphis
Technology salaries in Memphis
Transportation salaries in Memphis
Veterinary salaries in Memphis
Working in Memphis, Tennessee: Salary Guide (2026)
Memphis is home to the MemphisβTN metropolitan area with a population of 651,073. The city has a cost of living index of 82 (US average = 100), meaning salaries go approximately 18% further here than in an average US city.
One of the most significant financial advantages of working in Memphis is Tennessee's complete absence of a state income tax. Workers here keep 5β9% more of their earnings compared to peers in California (9.3% state tax), New York (6.85%), or Illinois (4.95%).
Top-paying industries in Memphis
Memphis's economy spans multiple high-wage sectors. The city's diverse employer base creates strong demand across technology, healthcare, finance, and professional services.
Memphis salary FAQ
What is the average salary in Memphis, TN?
Pay in Memphis varies widely by occupation. Across the 411 professional roles we track, the median salary is about $86,000 per year β adjusted for Memphis's cost of living (index 82, where 100 is the US average) and Tennessee's lack of a state income tax. Use the tables above to see the median for a specific job title.
Which jobs pay the most in Memphis?
Among the roles we track, Oral Surgeon is the highest-paying in Memphis at a median of $368,000 per year. Technology, healthcare, and finance roles generally top the list.
Does Memphis have a state income tax?
No β Tennessee has no state income tax, so workers in Memphis keep more of their paycheck than peers in high-tax states like California (up to 13.3%) or New York.
How far does a salary go in Memphis?
Memphis's cost of living index is 82 (US average = 100), so a dollar stretches about 18% further here than in an average US city. A $86,000 salary here has roughly the buying power of $104,878 in an average-cost city.