Average Claims Adjusters, Examiners, and Investigators Salary in Memphis, TN-MS-AR
In Memphis, TN-MS-AR, Claims Adjusters, Examiners, and Investigators earn an average annual salary of $76,560. This figure is remarkably close to the national average of $76,760, indicating a stable compensation landscape. Factors such as regional economic conditions and the specific demands of the insurance market within the Memphis metropolitan area likely contribute to this alignment.
Executive Summary
- Average Salary: $76,560 per year.
- Growth Trend: Salaries have shifted 17.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $104,330.
- Outlook: The Memphis, TN-MS-AR region supports a local workforce of 480 Claims Adjusters, Examiners, and Investigators. With a Location Quotient of 0.39, the concentration of these roles is below the national average, suggesting a less saturated but potentially developing market. The presence of 0.766 jobs per 1,000 workers indicates a steady, albeit not overwhelmingly high, demand for these professionals.
Salary Overview
The average Claims Adjusters, Examiners, and Investigators in Memphis, TN-MS-AR earns-0.3%below the national average.
$36.8
$1,472
$6,380
Claims Adjusters, Examiners, and Investigators Salary Trends (2020-2024)
While specific historical data for the Memphis region is not provided, it's reasonable to assume that salaries for Claims Adjusters, Examiners, and Investigators have seen consistent growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased complexity in claims processing, and evolving regulatory environments, all of which necessitate competitive compensation to attract and retain skilled professionals.
Claims Adjusters, Examiners, and Investigators Salary Distribution in Memphis, TN-MS-AR
Career progression for Claims Adjusters, Examiners, and Investigators typically involves a significant salary increase with experience. Entry-level positions might start at a lower percentile, while seasoned professionals with specialized expertise or supervisory roles can command salaries in the upper percentiles. The widening gap between entry-level and senior salaries reflects the accumulation of knowledge, handling of complex cases, and leadership responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,510 | $22.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $57,420 | $27.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $74,960 | $36 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $95,700 | $46 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $104,330 | $50.2 |
Detailed Claims Adjusters, Examiners, and Investigators Market Analysis
Relocation Context
Nominal Salary
$76,560
Gross Pay
Real Wage (Purchasing Power)
$76,560
Adjusted for COL (100)
The average annual salary of $76,560 in Memphis, TN-MS-AR aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Claims Adjuster's salary in Memphis is equivalent to the national average, offering stability for those relocating or residing locally without the immediate pressure of higher or lower living expenses impacting their disposable income.
Job Market Context
480
Total Jobs
0.766
Per 1K Jobs
0.39
Location Quotient
At 0.39x, Memphis, TN-MS-AR has a notably lower concentration of Claims Adjusters, Examiners, and Investigators jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A Location Quotient of 0.39 for Claims Adjusters, Examiners, and Investigators in Memphis, TN-MS-AR signifies that this profession is less concentrated here compared to the national average. This suggests that while the market is not saturated, there may be fewer specialized opportunities or a smaller pool of employers actively seeking these roles relative to other industries within the region. It indicates a moderate level of competition for available positions.
Nearby Job Markets
Nearby Cities for Claims Adjusters, Examiners, and Investigators
| City | Salary | Dist. |
|---|---|---|
| Jonesboro, AR Claims Adjusters, Examiners, and Investigators Salary | $79,540↑ 4% | 64 mi |
| Jackson, TN Claims Adjusters, Examiners, and Investigators Salary | $65,040↓ 15% | 74 mi |
Comparing salaries near Memphis, TN-MS-AR
Hiring Claims Adjusters, Examiners, and Investigatorss?
Frequently Asked Questions
How much does a Claims Adjusters, Examiners, and Investigators make in Memphis, TN-MS-AR?
The median annual salary for a Claims Adjusters, Examiners, and Investigators in Memphis, TN-MS-AR is $76,560. This typically ranges from $47,510 for entry-level positions to $104,330 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Memphis, TN-MS-AR is 0.3% lower than the national median of $76,760.
Is Memphis, TN-MS-AR a lucrative place for Claims Adjusters, Examiners, and Investigatorss?
Yes, it offers comparable compensation to the national average.The average salary of $76,560 is nearly identical to the national average, and the cost of living is also at the national average, indicating a balanced financial environment for these professionals.
Is Memphis, TN-MS-AR a good place to live for Claims Adjusters, Examiners, and Investigators?
The Cost of Living Index in Memphis, TN-MS-AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Memphis, TN-MS-AR?
Some top paying nearby cities include Jonesboro, AR ($79,540) and Jackson, TN.
What is the average salary for a Claims Adjuster in Memphis, TN-MS-AR?
The average annual salary for Claims Adjusters, Examiners, and Investigators in Memphis, TN-MS-AR is $76,560.
How does the Memphis salary compare to the national average?
The average salary in Memphis ($76,560) is very close to the national average ($76,760), suggesting comparable earning potential.
What does the Location Quotient of 0.39 mean for job seekers?
A Location Quotient of 0.39 indicates that the concentration of Claims Adjusters, Examiners, and Investigators is below the national average, suggesting a less competitive but potentially smaller job market.
How does the cost of living in Memphis affect salary value?
With a Cost of Living Index of 100, the national average, the $76,560 salary in Memphis offers purchasing power equivalent to the national average, making it a stable financial environment.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 480 employees in the Memphis, TN-MS-AR area with a job density of 0.766 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Claims Adjusters, Examiners, and Investigators • Data source: BLS OEWS 2024 •Jobs in Memphis, TN-MS-AR