Average Electrical Engineers Salary in Memphis, TN-MS-AR
Electrical Engineers in the Memphis, TN-MS-AR metropolitan area earn an average annual salary of $111,000. This figure is approximately 8% below the national average of $121,030. Local market dynamics, including industry demand and the specific skill sets required within the region, likely contribute to this pay differential compared to national benchmarks.
Executive Summary
- Average Salary: $111,000 per year.
- Growth Trend: Salaries have shifted 14.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $161,730.
- Outlook: The Memphis area presents a modest but stable job market for Electrical Engineers, evidenced by a total local workforce of 280 professionals. The Location Quotient of 0.37 indicates that this profession is less concentrated here than the national average, suggesting a potentially less saturated but also less robust demand compared to more prominent hubs.
Salary Overview
The average Electrical Engineers in Memphis, TN-MS-AR earns-8.3%below the national average.
$53.4
$2,135
$9,250
Electrical Engineers Salary Trends (2020-2024)
While specific historical data for Memphis is not provided, it is generally assumed that salaries for Electrical Engineers nationwide have experienced steady growth over the past four years, driven by technological advancements and increasing demand across various sectors. This national trend likely extends to the Memphis region, with engineers seeing incremental increases in compensation.
Electrical Engineers Salary Distribution in Memphis, TN-MS-AR
Salary progression for Electrical Engineers typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while senior engineers with specialized expertise and a proven track record can command salaries well above the average. The widening gap between entry-level and senior salaries reflects the value placed on accumulated knowledge and leadership capabilities in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $70,880 | $34.1 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $83,250 | $40 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $106,800 | $51.3 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $138,750 | $66.7 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $161,730 | $77.8 |
Detailed Electrical Engineers Market Analysis
Relocation Context
Nominal Salary
$111,000
Gross Pay
Real Wage (Purchasing Power)
$111,000
Adjusted for COL (100)
With an average annual salary of $111,000 and a Cost of Living Index of 100, Electrical Engineers in Memphis are experiencing a salary that aligns precisely with the national average cost of living. This means that the purchasing power of their income in Memphis is comparable to the national average, offering a stable financial footing without significant advantages or disadvantages related to living expenses.
Job Market Context
280
Total Jobs
0.459
Per 1K Jobs
0.37
Location Quotient
At 0.37x, Memphis, TN-MS-AR has a notably lower concentration of Electrical Engineers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
The Location Quotient of 0.37 for Electrical Engineers in Memphis signifies that the concentration of these professionals is significantly lower than the national average. This suggests that the job market may be less competitive, potentially offering more opportunities for skilled engineers to find roles, but also indicating that the overall demand or industry presence for this specific role might be less pronounced compared to areas with a higher LQ.
Nearby Job Markets
Nearby Cities for Electrical Engineers
| City | Salary | Dist. |
|---|---|---|
| Jonesboro, AR Electrical Engineers Salary | $90,170↓ 19% | 64 mi |
| Jackson, TN Electrical Engineers Salary | $113,500↑ 2% | 74 mi |
Comparing salaries near Memphis, TN-MS-AR
Hiring Electrical Engineerss?
Frequently Asked Questions
How much does a Electrical Engineers make in Memphis, TN-MS-AR?
The median annual salary for a Electrical Engineers in Memphis, TN-MS-AR is $111,000. This typically ranges from $70,880 for entry-level positions to $161,730 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 8.3% lower than the national median of $121,030.
Is Memphis, TN-MS-AR a lucrative place for Electrical Engineers?
No, not exceptionally lucrative compared to the national average.While the average salary of $111,000 is substantial, it falls below the national average, and the lower concentration of jobs (LQ of 0.37) suggests a less robust market.
Is Memphis, TN-MS-AR a good place to live for Electrical Engineers?
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 ($90,170) and Jackson, TN.
How does the Memphis Electrical Engineer salary compare to the national average?
The average salary for Electrical Engineers in Memphis is $111,000, which is approximately 8% lower than the national average of $121,030.
What is the Cost of Living in Memphis, TN-MS-AR for Electrical Engineers?
The Cost of Living Index in Memphis is 100, which is exactly at the national average. This means your $111,000 salary has the same purchasing power as the national average salary in terms of living expenses.
Is there high demand for Electrical Engineers in Memphis?
The Location Quotient of 0.37 suggests that Electrical Engineers are less concentrated in Memphis than the national average, indicating potentially moderate demand and a less competitive job market.
How many Electrical Engineers work in the Memphis area?
There are approximately 280 Electrical Engineers employed within the Memphis, TN-MS-AR metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 280 employees in the Memphis, TN-MS-AR area with a job density of 0.459 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Electrical Engineers • Data source: BLS OEWS 2024 •Jobs in Memphis, TN-MS-AR