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Average Legal Occupations Salary in Memphis, TN-MS-AR

In Memphis, TN-MS-AR, professionals in Legal Occupations can expect an average annual salary of $108,140. This figure is notably below the national average of $143,370, suggesting that local market dynamics, such as demand and the cost of doing business, play a significant role in compensation levels within this metropolitan area.

Executive Summary

  • Average Salary: $108,140 per year.
  • Growth Trend: Salaries have shifted 44.2% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $206,330.
  • Outlook: The Memphis legal sector comprises a local workforce of 3,380 professionals. With a Location Quotient of 0.66, the concentration of legal jobs is below the national average, indicating a less saturated market relative to other regions. This suggests a stable, albeit not rapidly expanding, demand for legal expertise within the area.
2024 Market Data

Salary Overview

$108,140

The average Legal Occupations in Memphis, TN-MS-AR earns-24.6%below the national average.

BreakdownBased on 40h/week
Hourly

$52

Weekly

$2,080

Monthly

$9,012

Legal Occupations Salary Distribution in Memphis, TN-MS-AR

Salary progression within Legal Occupations in Memphis typically scales significantly with experience. Entry-level positions will command lower salaries, while senior roles and specialized legal expertise can lead to substantially higher earnings. The percentile gaps between different experience levels signify clear career progression pathways and earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Legal AssistantResearch, drafting documents, case support.10% (Entry)$43,600$21
AssociateHandling depositions, smaller cases independently.25% (Junior)$81,105$39
Senior AssociateLead on cases, client management, trial experience.50% (Median)$77,070$37.1
Counsel / PartnerBusiness development, specialized high-stakes cases.75% (Senior)$135,175$65
Managing PartnerFirm leadership. Executive strategy.90% (Expert)$206,330$99.2

Detailed Legal Occupations Market Analysis

Relocation Context

Nominal Salary

$108,140

Gross Pay

Real Wage (Purchasing Power)

$108,140

Adjusted for COL (100)

The average annual salary of $108,140 in Memphis aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a legal professional's income in Memphis is equivalent to that of someone earning the national average salary in a location with a national average cost of living.

Job Market Context

3,380

Total Jobs

5.451

Per 1K Jobs

0.66

Location Quotient

Below Average

Memphis, TN-MS-AR has 0.66x the national average concentration of Legal Occupations 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 0.66 for Legal Occupations in Memphis indicates that the industry is less concentrated here compared to the national average. This suggests that while legal professionals are present, the market is not oversaturated, potentially offering a balanced environment for job seekers and employers alike.

Nearby Job Markets

Nearby Cities for Legal Occupations

CitySalaryDist.
Jonesboro, AR Legal Occupations Salary$85,250↓ 21%64 mi
Jackson, TN Legal Occupations Salary$108,170↑ 0%74 mi

Comparing salaries near Memphis, TN-MS-AR

Hiring Legal Occupationss?

Frequently Asked Questions

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

The median annual salary for a Legal Occupations in Memphis, TN-MS-AR is $108,140. This typically ranges from $43,600 for entry-level positions to $206,330 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 24.6% lower than the national median of $143,370.

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

No, not exceptionally lucrative compared to national averages.While the average salary of $108,140 is substantial, it falls below the national average of $143,370. However, the cost of living is on par with the national average, offering decent purchasing power.

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

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 ($85,250) and Jackson, TN.

What is the average salary for Legal Occupations in Memphis, TN-MS-AR?

The average annual salary for Legal Occupations in Memphis, TN-MS-AR is $108,140.

How does the Memphis legal job market compare to the national average in terms of concentration?

The legal job market in Memphis is less concentrated than the national average, with a Location Quotient of 0.66, indicating fewer legal jobs per worker relative to the rest of the country.

What is the cost of living in Memphis, TN-MS-AR?

The Cost of Living Index in Memphis, TN-MS-AR is 100, which is exactly the national average.

How many people work in Legal Occupations in Memphis, TN-MS-AR?

There are approximately 3,380 individuals employed in Legal Occupations 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 3,380 employees in the Memphis, TN-MS-AR area with a job density of 5.451 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

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