SalaryNode

Average Gambling Dealers Salary in Memphis, TN-MS-AR

Gambling Dealers in Memphis, TN-MS-AR earn an average annual salary of $33,320, which is notably below the national average of $39,000. This disparity is often influenced by regional economic factors, the specific demand within the local gaming industry, and the overall cost of labor in the Memphis metropolitan area.

Executive Summary

  • Average Salary: $33,320 per year.
  • Growth Trend: Salaries have shifted 26.9% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $61,490.
  • Outlook: The Memphis, TN-MS-AR area supports a substantial workforce of 810 Gambling Dealers, indicated by a robust Location Quotient of 2.42. This concentration suggests a higher-than-average presence of this profession relative to the national landscape, pointing towards a stable and potentially growing demand for skilled dealers in the region.
2024 Market Data

Salary Overview

$33,320

The average Gambling Dealers in Memphis, TN-MS-AR earns-14.6%below the national average.

BreakdownBased on 40h/week
Hourly

$16

Weekly

$641

Monthly

$2,777

Gambling Dealers Salary Distribution in Memphis, TN-MS-AR

As with most professions, experience plays a significant role in a Gambling Dealer's earning potential. Entry-level positions typically start at the lower end of the pay scale, while seasoned dealers with specialized skills or supervisory responsibilities can command higher salaries. The percentile gaps in earnings clearly signify career progression opportunities and the value placed on expertise within the field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Entry LevelStarting career. Focus on acquiring core skills.10% (Entry)$18,770$9
ExperiencedProficient professional working independently.25% (Junior)$24,990$12
Mid-LevelEstablished expert. Standard market value.50% (Median)$23,970$11.5
Senior LevelAdvanced skills, leadership or specialist role.75% (Senior)$41,650$20
Top TierIndustry leader / Executive level compensation.90% (Expert)$61,490$29.6

Detailed Gambling Dealers Market Analysis

Relocation Context

Nominal Salary

$33,320

Gross Pay

Real Wage (Purchasing Power)

$33,320

Adjusted for COL (100)

With an average annual salary of $33,320 and a Cost of Living Index precisely at the national average of 100, the nominal income for Gambling Dealers in Memphis, TN-MS-AR aligns closely with the typical U.S. cost of living. This means that while the salary may be lower than the national average, the purchasing power of that salary is not significantly diminished by higher local expenses.

Job Market Context

810

Total Jobs

1.303

Per 1K Jobs

2.42

Location Quotient

Major Hub

Memphis, TN-MS-AR has 2.4x the national concentration of Gambling Dealers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.

The Location Quotient of 2.42 for Gambling Dealers in Memphis, TN-MS-AR signifies a market with a significantly higher concentration of these professionals compared to the national average. This suggests a competitive environment for new entrants but also indicates a robust and established industry presence, potentially offering more specialized roles and opportunities for experienced individuals.

Nearby Job Markets

Hiring Gambling Dealerss?

Frequently Asked Questions

How much does a Gambling Dealers make in Memphis, TN-MS-AR?

The median annual salary for a Gambling Dealers in Memphis, TN-MS-AR is $33,320. This typically ranges from $18,770 for entry-level positions to $61,490 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 14.6% lower than the national median of $39,000.

Is Memphis, TN-MS-AR a lucrative place for Gambling Dealers?

No, not particularly lucrative compared to the national average.While the cost of living is average, the average salary for Gambling Dealers in Memphis is significantly lower than the national average, indicating less lucrative earning potential in this specific location.

Is Memphis, TN-MS-AR a good place to live for Gambling Dealers?

The Cost of Living Index in Memphis, TN-MS-AR is 100. While higher than average, this often correlates with higher wages.

How does the number of Gambling Dealers in Memphis compare nationally?

With 1.303 jobs per 1,000 workers, the presence of Gambling Dealers in Memphis is more than double the national average, as indicated by the Location Quotient of 2.42.

What is the average salary for a Gambling Dealer in Memphis?

The average annual salary for a Gambling Dealer in Memphis, TN-MS-AR is $33,320.

How does the Memphis salary compare to the national average?

The average salary in Memphis ($33,320) is approximately 15% lower than the national average salary of $39,000 for Gambling Dealers.

What does a Location Quotient of 2.42 mean for Gambling Dealers in Memphis?

A Location Quotient of 2.42 indicates that Memphis has a much higher concentration of Gambling Dealers relative to its overall workforce compared to the national average, suggesting a strong local industry presence.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 810 employees in the Memphis, TN-MS-AR area with a job density of 1.303 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Gambling Dealers • Data source: BLS OEWS 2024 •Jobs in Memphis, TN-MS-AR