Average Family Medicine Physicians Salary in Memphis, TN-MS-AR
Family Medicine Physicians in the Memphis, TN-MS-AR area earn a compelling average annual salary of $284,170, surpassing the national average of $259,840. This elevated compensation reflects the specific demands and economic landscape of the region, which influences pay scales for specialized healthcare roles.
Executive Summary
- Average Salary: $284,170 per year.
- Growth Trend: Salaries have shifted 70.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $426,255.
- Outlook: With a local workforce of 240 Family Medicine Physicians, the Memphis area demonstrates a stable, albeit not exceptionally concentrated, presence of these professionals. The location quotient of 0.56 suggests a slightly lower concentration compared to the national average, indicating a moderate demand that may offer good opportunities for skilled practitioners.
Salary Overview
The average Family Medicine Physicians in Memphis, TN-MS-AR earns+9.4%above the national average.
$136.6
$5,465
$23,681
Family Medicine Physicians Salary Trends (2020-2024)
While specific historical data isn't provided, it's generally observed that salaries for Family Medicine Physicians have seen consistent growth over the past four years, driven by increasing healthcare needs and physician shortages nationwide. This upward trend is likely reflected in the Memphis market, suggesting a positive trajectory for earning potential.
Family Medicine Physicians Salary Distribution in Memphis, TN-MS-AR
Salary progression for Family Medicine Physicians typically scales significantly with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive experience and specialized skills can command salaries in the higher percentiles. The gap between entry-level and senior roles signifies substantial career growth and earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $128,550 | $61.8 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $213,128 | $102.5 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $284,170 | $136.6 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $355,213 | $170.8 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $426,255 | $204.9 |
Detailed Family Medicine Physicians Market Analysis
Relocation Context
Nominal Salary
$284,170
Gross Pay
Real Wage (Purchasing Power)
$284,170
Adjusted for COL (100)
The average annual salary of $284,170 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 Family Medicine Physician's salary in Memphis is equivalent to the national standard, offering a stable financial environment for relocation.
Job Market Context
240
Total Jobs
0.394
Per 1K Jobs
0.56
Location Quotient
Memphis, TN-MS-AR has 0.56x the national average concentration of Family Medicine Physicians jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A location quotient of 0.56 indicates that Family Medicine Physicians are less concentrated in Memphis compared to the national average. This suggests that while the profession is present, the market may not be oversaturated, potentially presenting a competitive but accessible environment for new physicians seeking opportunities.
Nearby Job Markets
Nearby Cities for Family Medicine Physicians
| City | Salary | Dist. |
|---|---|---|
| Jackson, TN Family Medicine Physicians Salary | $234,690↓ 17% | 74 mi |
Comparing salaries near Memphis, TN-MS-AR
Hiring Family Medicine Physicianss?
Frequently Asked Questions
How much does a Family Medicine Physicians make in Memphis, TN-MS-AR?
The median annual salary for a Family Medicine Physicians in Memphis, TN-MS-AR is $284,170. This typically ranges from $128,550 for entry-level positions to $426,255 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 9.4% higher than the national median of $259,840.
Is Memphis, TN-MS-AR a lucrative place for Family Medicine Physicians?
Yes, Memphis offers a lucrative environment for Family Medicine Physicians.The average salary of $284,170 significantly exceeds the national average, and with a cost of living at the national benchmark, physicians can expect strong purchasing power.
Is Memphis, TN-MS-AR a good place to live for Family Medicine Physicians?
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 Jackson, TN ($234,690) and others.
How does the Memphis salary compare to the national average?
Family Medicine Physicians in Memphis earn an average of $284,170 annually, which is higher than the national average of $259,840.
What is the cost of living in Memphis, TN-MS-AR?
The cost of living in Memphis is exactly at the national average, with an index of 100.
Is there high demand for Family Medicine Physicians in Memphis?
The location quotient of 0.56 suggests a moderate demand, indicating that while the profession is established, it's not as concentrated as the national average, potentially offering good opportunities.
How many Family Medicine Physicians are in the Memphis area?
There are approximately 240 Family Medicine Physicians working in 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 240 employees in the Memphis, TN-MS-AR area with a job density of 0.394 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Family Medicine Physicians • Data source: BLS OEWS 2024 •Jobs in Memphis, TN-MS-AR