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Average Nurse Practitioners Salary in Memphis, TN-MS-AR

Nurse Practitioners in the Memphis, TN-MS-AR metropolitan area earn an average annual salary of $111,070. This figure is notably below the national average of $131,710, suggesting that local market dynamics, such as demand and supply, may be influencing compensation levels in this region. Factors specific to the Memphis area likely contribute to this pay differential.

Executive Summary

  • Average Salary: $111,070 per year.
  • Growth Trend: Salaries have shifted 1.5% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $146,680.
  • Outlook: The Memphis, TN-MS-AR region supports a substantial workforce of 2,190 Nurse Practitioners. With a Location Quotient of 1.77, the concentration of these professionals is significantly higher than the national average, indicating a robust and established presence within the local healthcare ecosystem. This suggests a healthy demand for their specialized skills.
2024 Market Data

Salary Overview

$111,070

The average Nurse Practitioners in Memphis, TN-MS-AR earns-15.7%below the national average.

BreakdownBased on 40h/week
Hourly

$53.4

Weekly

$2,136

Monthly

$9,256

Nurse Practitioners Salary Distribution in Memphis, TN-MS-AR

Salary progression for Nurse Practitioners in Memphis, TN-MS-AR typically correlates with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive clinical experience and specialized certifications can command salaries in the higher percentiles. The gap between entry-level and senior roles signifies significant career advancement opportunities and earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$60,070$28.9
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$83,303$40
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$116,860$56.2
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$138,838$66.7
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$146,680$70.5

Detailed Nurse Practitioners Market Analysis

Relocation Context

Nominal Salary

$111,070

Gross Pay

Real Wage (Purchasing Power)

$111,070

Adjusted for COL (100)

With a Cost of Living Index of 100, the Memphis, TN-MS-AR area is perfectly aligned with the national average. This means that the nominal salary of $111,070 for Nurse Practitioners offers a purchasing power equivalent to the national average, providing a stable financial foundation for residents.

Job Market Context

2,190

Total Jobs

3.533

Per 1K Jobs

1.77

Location Quotient

Major Hub

Memphis, TN-MS-AR has 1.8x the national concentration of Nurse Practitioners 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 1.77 for Nurse Practitioners in Memphis, TN-MS-AR signifies a strong concentration of these professionals, nearly double the national average. This indicates a highly developed market for Nurse Practitioners, suggesting both a significant demand from employers and a readily available pool of talent for healthcare facilities.

Nearby Job Markets

Nearby Cities for Nurse Practitioners

CitySalaryDist.
Jonesboro, AR Nurse Practitioners Salary$121,010↑ 9%64 mi
Jackson, TN Nurse Practitioners Salary$107,050↓ 4%74 mi

Comparing salaries near Memphis, TN-MS-AR

Hiring Nurse Practitionerss?

Frequently Asked Questions

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

The median annual salary for a Nurse Practitioners in Memphis, TN-MS-AR is $111,070. This typically ranges from $60,070 for entry-level positions to $146,680 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 15.7% lower than the national median of $131,710.

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

No, not compared to the national average.While Nurse Practitioners in Memphis earn a respectable $111,070 annually, this is below the national average of $131,710. However, the cost of living is also at the national average, making the salary's purchasing power comparable.

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

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 ($121,010) and Jackson, TN.

What is the average salary for a Nurse Practitioner in Memphis, TN-MS-AR?

The average annual salary for a Nurse Practitioner in the Memphis, TN-MS-AR metropolitan area is $111,070.

How does the Memphis Nurse Practitioner salary compare to the national average?

The average salary in Memphis ($111,070) is lower than the national average of $131,710 for Nurse Practitioners.

Is the job market for Nurse Practitioners strong in Memphis?

Yes, the job market appears strong, evidenced by a Location Quotient of 1.77, indicating a higher concentration of Nurse Practitioners than the national average.

What is the cost of living in Memphis, TN-MS-AR relative to the national average?

The cost of living in Memphis, TN-MS-AR is exactly at the national average, with a Cost of Living Index of 100.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,190 employees in the Memphis, TN-MS-AR area with a job density of 3.533 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

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