Average Marketing Managers Salary in Memphis, TN-MS-AR
Marketing Managers in the Memphis, TN-MS-AR region earn an average annual salary of $146,170. This figure is notably below the national average of $172,340, suggesting that local market dynamics, industry concentration, and regional economic factors play a significant role in compensation for this vital role.
Executive Summary
- Average Salary: $146,170 per year.
- Growth Trend: Salaries have shifted 47.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $226,600.
- Outlook: With a local workforce of 1,220 Marketing Managers, the Memphis area demonstrates a stable, albeit not exceptionally concentrated, presence of these professionals. The Location Quotient of 0.79 indicates a slightly lower concentration compared to the national average, suggesting that while demand exists, it is not as robust as in more prominent marketing hubs. Nonetheless, the presence of nearly 2,000 jobs per 1,000 workers signifies consistent employment opportunities.
Salary Overview
The average Marketing Managers in Memphis, TN-MS-AR earns-15.2%below the national average.
$70.3
$2,811
$12,181
Marketing Managers Salary Trends (2020-2024)
While specific historical data for Memphis is not provided, it is reasonable to assume that salaries for Marketing Managers in the region have experienced a steady upward trend over the past four years, mirroring national patterns. This growth is typically driven by increasing demand for sophisticated marketing strategies, the evolving digital landscape, and the need for experienced professionals to navigate these complexities.
Marketing Managers Salary Distribution in Memphis, TN-MS-AR
The salary spectrum for Marketing Managers in Memphis, TN-MS-AR likely shows a significant increase with experience. Entry-level positions might command salaries closer to the lower percentiles, while senior-level roles, with their associated strategic responsibilities and proven track records, would command salaries in the higher percentiles. This progression highlights the career growth potential and the value placed on accumulated expertise within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $74,140 | $35.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $109,628 | $52.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $130,960 | $63 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $182,713 | $87.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $226,600 | $108.9 |
Detailed Marketing Managers Market Analysis
Relocation Context
Nominal Salary
$146,170
Gross Pay
Real Wage (Purchasing Power)
$146,170
Adjusted for COL (100)
The average Marketing Manager salary of $146,170 in Memphis aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a Marketing Manager's salary in Memphis is equivalent to that of a Marketing Manager earning the national average in a location with a national average cost of living. Therefore, the nominal salary translates directly to real economic value within the Memphis area.
Job Market Context
1,220
Total Jobs
1.965
Per 1K Jobs
0.79
Location Quotient
Memphis, TN-MS-AR has 0.79x the national average concentration of Marketing Managers 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 0.79 for Marketing Managers in Memphis suggests that the region has a slightly lower concentration of these roles compared to the national average. This indicates that while there is a market for Marketing Managers, it may not be as saturated as in major metropolitan areas, potentially offering a more competitive landscape for job seekers or a more accessible market for employers seeking talent.
Nearby Job Markets
Nearby Cities for Marketing Managers
| City | Salary | Dist. |
|---|---|---|
| Jonesboro, AR Marketing Managers Salary | $110,670↓ 24% | 64 mi |
| Jackson, TN Marketing Managers Salary | $129,170↓ 12% | 74 mi |
Comparing salaries near Memphis, TN-MS-AR
Hiring Marketing Managerss?
Frequently Asked Questions
How much does a Marketing Managers make in Memphis, TN-MS-AR?
The median annual salary for a Marketing Managers in Memphis, TN-MS-AR is $146,170. This typically ranges from $74,140 for entry-level positions to $226,600 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 15.2% lower than the national median of $172,340.
Is Memphis, TN-MS-AR a lucrative place for Marketing Managers?
No, not compared to the national average.While Marketing Managers in Memphis earn a substantial $146,170, this is below the national average of $172,340. However, the cost of living is also at the national average, meaning the salary's purchasing power is maintained.
Is Memphis, TN-MS-AR a good place to live for Marketing Managers?
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 ($110,670) and Jackson, TN.
How does the Memphis Marketing Manager salary compare to the national average?
The average annual salary for Marketing Managers in Memphis, TN-MS-AR is $146,170, which is lower than the national average of $172,340.
What is the concentration of Marketing Managers in Memphis?
The Location Quotient for Marketing Managers in Memphis is 0.79, indicating a slightly lower concentration of these professionals compared to the national average.
How does the cost of living in Memphis affect the salary?
Memphis has a cost of living index of 100, which is the national average. This means the $146,170 salary has the same purchasing power as the national average salary in a location with an average cost of living.
What is the total workforce of Marketing Managers in Memphis?
There are approximately 1,220 Marketing Managers employed in the Memphis, TN-MS-AR region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,220 employees in the Memphis, TN-MS-AR area with a job density of 1.965 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Marketing Managers • Data source: BLS OEWS 2024 •Jobs in Memphis, TN-MS-AR