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Average Lawyers Salary in Memphis, TN-MS-AR

Lawyers in the Memphis, TN-MS-AR metropolitan area earn an average annual salary of $148,920. This figure is notably below the national average of $194,940, suggesting that local market dynamics, such as demand and the concentration of legal professionals, play a significant role in compensation levels within this region.

Executive Summary

  • Average Salary: $148,920 per year.
  • Growth Trend: Salaries have shifted 39.8% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $223,380.
  • Outlook: The Memphis legal market comprises a workforce of 1,740 Lawyers. With a Location Quotient of 0.58, the concentration of legal professionals in Memphis is below the national average, indicating a potentially less saturated market compared to other regions. While the absolute number of professionals is substantial, the lower quotient suggests that demand might not be as intensely concentrated as in areas with higher LQs.
2024 Market Data

Salary Overview

$148,920

The average Lawyers in Memphis, TN-MS-AR earns-23.6%below the national average.

BreakdownBased on 40h/week
Hourly

$71.6

Weekly

$2,864

Monthly

$12,410

Lawyers Salary Distribution in Memphis, TN-MS-AR

The career path for Lawyers in Memphis, as elsewhere, typically involves significant salary progression based on experience. Entry-level positions will command lower salaries, while seasoned professionals with extensive experience and specialized expertise can expect to earn considerably more, potentially reaching into the higher percentiles of the $148,920 average. The gap between entry-level and senior roles signifies substantial career growth opportunities and earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Legal AssistantResearch, drafting documents, case support.10% (Entry)$62,830$30.2
AssociateHandling depositions, smaller cases independently.25% (Junior)$111,690$53.7
Senior AssociateLead on cases, client management, trial experience.50% (Median)$121,510$58.4
Counsel / PartnerBusiness development, specialized high-stakes cases.75% (Senior)$186,150$89.5
Managing PartnerFirm leadership. Executive strategy.90% (Expert)$223,380$107.4

Detailed Lawyers Market Analysis

Relocation Context

Nominal Salary

$148,920

Gross Pay

Real Wage (Purchasing Power)

$148,920

Adjusted for COL (100)

The average annual salary of $148,920 for Lawyers in Memphis aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Lawyer's salary in Memphis is equivalent to the national average, offering a stable financial standing relative to the cost of goods and services in the area.

Job Market Context

1,740

Total Jobs

2.808

Per 1K Jobs

0.58

Location Quotient

Below Average

Memphis, TN-MS-AR has 0.58x the national average concentration of Lawyers 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 0.58 for Lawyers in Memphis indicates that the profession is less concentrated in this metropolitan area compared to the national average. This suggests that while there is a stable presence of legal professionals, the market may not be as intensely competitive or saturated as in regions with higher LQs, potentially offering unique opportunities for skilled practitioners.

Nearby Job Markets

Nearby Cities for Lawyers

CitySalaryDist.
Jonesboro, AR Lawyers Salary$114,820↓ 23%64 mi
Jackson, TN Lawyers Salary$153,680↑ 3%74 mi

Comparing salaries near Memphis, TN-MS-AR

Hiring Lawyerss?

Frequently Asked Questions

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

The median annual salary for a Lawyers in Memphis, TN-MS-AR is $148,920. This typically ranges from $62,830 for entry-level positions to $223,380 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 23.6% lower than the national median of $194,940.

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

No, not as lucrative as the national average.While Lawyers in Memphis earn a substantial $148,920 annually, this is below the national average of $194,940. However, the cost of living is also at the national average, meaning the salary's purchasing power is comparable.

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

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 ($114,820) and Jackson, TN.

How does the Memphis lawyer salary compare to the national average?

Lawyers in Memphis earn an average of $148,920 annually, which is approximately 23.6% lower than the national average salary of $194,940.

What is the cost of living for Lawyers in Memphis?

The cost of living in Memphis, TN-MS-AR is at the national average (index of 100), meaning that the $148,920 salary offers purchasing power equivalent to the national average.

How concentrated is the legal profession in Memphis?

The legal profession is less concentrated in Memphis compared to the national average, with a Location Quotient of 0.58. This suggests a potentially less competitive market.

How many Lawyers are there in Memphis?

There are approximately 1,740 Lawyers employed 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 1,740 employees in the Memphis, TN-MS-AR area with a job density of 2.808 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

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