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Average Life, Physical, and Social Science Occupations Salary in Memphis, TN-MS-AR

In Memphis, TN-MS-AR, professionals in Life, Physical, and Social Science Occupations earn an average annual salary of $83,260. This figure is notably below the national average of $91,840, suggesting that local market dynamics, such as industry demand and the concentration of specific scientific roles, play a significant role in compensation within this region.

Executive Summary

  • Average Salary: $83,260 per year.
  • Growth Trend: Salaries have shifted 3.5% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $129,900.
  • Outlook: The Memphis, TN-MS-AR area supports a local workforce of 4,200 individuals in Life, Physical, and Social Science Occupations. With a Location Quotient of 0.72, the concentration of these roles is slightly below the national average, indicating a stable but not exceptionally high demand for these specialized professionals within the local economy.
2024 Market Data

Salary Overview

$83,260

The average Life, Physical, and Social Science Occupations in Memphis, TN-MS-AR earns-9.3%below the national average.

BreakdownBased on 40h/week
Hourly

$40

Weekly

$1,601

Monthly

$6,938

Life, Physical, and Social Science Occupations Salary Distribution in Memphis, TN-MS-AR

Salary progression for Life, Physical, and Social Science Occupations in Memphis, TN-MS-AR typically scales significantly with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with specialized skills and a proven track record can command salaries in the higher percentiles, reflecting increased responsibility and expertise.

Experience LevelMarket PercentileAnnual WageHourly Rate
Junior / AssociateEntry level. Focus on learning core skills & codebase.10% (Entry)$47,520$22.8
Engineer IProficient contributor. Handles tasks independently.25% (Junior)$62,445$30
Senior EngineerSystem design, complex problem solving, mentoring.50% (Median)$80,020$38.5
Lead / StaffTechnical strategy, architecture, cross-team impact.75% (Senior)$104,075$50
Principal / ArchitectIndustry expert. Driving technical vision & innovation.90% (Expert)$129,900$62.5

Detailed Life, Physical, and Social Science Occupations Market Analysis

Relocation Context

Nominal Salary

$83,260

Gross Pay

Real Wage (Purchasing Power)

$83,260

Adjusted for COL (100)

The average annual salary of $83,260 in Memphis, TN-MS-AR aligns precisely with the national average cost of living index of 100. This means that the purchasing power of the salary is comparable to the national standard, offering a balanced financial landscape for professionals considering a move to the area.

Job Market Context

4,200

Total Jobs

6.779

Per 1K Jobs

0.72

Location Quotient

Below Average

Memphis, TN-MS-AR has 0.72x the national average concentration of Life, Physical, and Social Science 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 0.72 for Life, Physical, and Social Science Occupations in Memphis suggests that this sector is less concentrated than the national average. This implies that while opportunities exist, the job market may be less competitive in terms of the sheer number of available professionals, potentially offering a good environment for skilled individuals seeking roles.

Nearby Job Markets

Nearby Cities for Life, Physical, and Social Science Occupations

Comparing salaries near Memphis, TN-MS-AR

Hiring Life, Physical, and Social Science Occupationss?

Frequently Asked Questions

How much does a Life, Physical, and Social Science Occupations make in Memphis, TN-MS-AR?

The median annual salary for a Life, Physical, and Social Science Occupations in Memphis, TN-MS-AR is $83,260. This typically ranges from $47,520 for entry-level positions to $129,900 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 9.3% lower than the national median of $91,840.

Is Memphis, TN-MS-AR a lucrative place for Life, Physical, and Social Science Occupations?

No, not exceptionally lucrative compared to the national average.The average salary of $83,260 is below the national average of $91,840, although the cost of living is at the national average.

Is Memphis, TN-MS-AR a good place to live for Life, Physical, and Social Science 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 ($78,220) and Jackson, TN.

What is the average salary for Life, Physical, and Social Science Occupations in Memphis, TN-MS-AR?

The average annual salary for Life, Physical, and Social Science Occupations in Memphis, TN-MS-AR is $83,260.

How does the Memphis salary compare to the national average?

The average salary in Memphis ($83,260) is lower than the national average ($91,840).

What is the size of the Life, Physical, and Social Science Occupations workforce in Memphis?

The total local workforce for these occupations in Memphis is approximately 4,200 individuals.

How does the concentration of these science jobs in Memphis compare to the national average?

The concentration, measured by the Location Quotient, is 0.72, which is below the national average of 1.0.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,200 employees in the Memphis, TN-MS-AR area with a job density of 6.779 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.