Salary Breakdown for Memphis
The median individual income in Memphis is $26,790 per year, which works out to approximately $2,233/month or $12.88/hour for full-time workers. The median household income is $44,334.
Cost of Living Adjusted Salary
Memphis's cost of living index is 84 (national average = 100). The median salary of $26,790 in Memphis has the purchasing power of approximately $31,893 at the national average cost of living. Your dollar goes significantly further in Memphis than in most major cities.
Top Employers in Memphis
- FedEx
- St. Jude Children's
- University of Memphis
Major Industries in Memphis
- Logistics
- Healthcare
- Music
How Memphis Compares to Tennessee
See the full statewide salary data, tax rates, and more details on our average salary in Tennessee page. Thinking about starting a business? Check our LLC guide for Tennessee.
Cost of Living in Memphis
See a detailed breakdown of housing, groceries, utilities, and more on our cost of living in Memphis page.
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