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Average Physicians, All Other Salary in Memphis, TN-MS-AR

Physicians in the Memphis, TN-MS-AR metropolitan area command an impressive average annual salary of $298,520, significantly surpassing the national average of $256,170. This elevated compensation reflects the specialized skills, extensive training, and critical responsibilities inherent in the medical profession, often influenced by local demand and the specific healthcare needs of the region.

Executive Summary

  • Average Salary: $298,520 per year.
  • Growth Trend: Salaries have shifted 90.0% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $447,780.
  • Outlook: The Memphis area supports a local workforce of 780 Physicians, All Other, indicating a substantial presence within the healthcare sector. While the Location Quotient of 0.61 suggests a slightly lower concentration compared to the national average, the presence of over 1.2 jobs per 1,000 workers points to a consistent demand for these specialized medical professionals.
2024 Market Data

Salary Overview

$298,520

The average Physicians, All Other in Memphis, TN-MS-AR earns+16.5%above the national average.

BreakdownBased on 40h/week
Hourly

$143.5

Weekly

$5,741

Monthly

$24,877

Physicians, All Other Salary Distribution in Memphis, TN-MS-AR

Salary progression for Physicians, All Other, typically scales significantly with experience. Entry-level physicians will likely earn at the lower end of the pay scale, while those with extensive experience, specialized certifications, and a proven track record can command salaries well into the upper percentiles. The widening gap between entry-level and senior roles signifies substantial career growth opportunities and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$91,500$44
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$223,890$107.6
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$298,522$143.5
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$373,150$179.4
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$447,780$215.3

Detailed Physicians, All Other Market Analysis

Relocation Context

Nominal Salary

$298,520

Gross Pay

Real Wage (Purchasing Power)

$298,520

Adjusted for COL (100)

The average annual salary of $298,520 in Memphis, TN-MS-AR aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal salary offers a purchasing power equivalent to the national average, allowing physicians to maintain a comparable standard of living without the added financial strain often associated with higher cost-of-living areas.

Job Market Context

780

Total Jobs

1.251

Per 1K Jobs

0.61

Location Quotient

Below Average

Memphis, TN-MS-AR has 0.61x the national average concentration of Physicians, All Other jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.

With a Location Quotient of 0.61, the Memphis area has a slightly lower concentration of Physicians, All Other, relative to the national average. This suggests that while the profession is established, it may not be as saturated as in some other regions, potentially offering a more competitive environment for skilled physicians seeking opportunities and a stable patient base.

Nearby Job Markets

Nearby Cities for Physicians, All Other

CitySalaryDist.
Jonesboro, AR Physicians, All Other Salary$240,050↓ 20%64 mi

Comparing salaries near Memphis, TN-MS-AR

Hiring Physicians, All Others?

Frequently Asked Questions

How much does a Physicians, All Other make in Memphis, TN-MS-AR?

The median annual salary for a Physicians, All Other in Memphis, TN-MS-AR is $298,520. This typically ranges from $91,500 for entry-level positions to $447,780 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 16.5% higher than the national median of $256,170.

Is Memphis, TN-MS-AR a lucrative place for Physicians, All Other?

Yes, Memphis offers a lucrative environment for Physicians, All Other.The average salary of $298,520 significantly exceeds the national average, and the cost of living is at the national average, indicating strong purchasing power for these high earners.

Is Memphis, TN-MS-AR a good place to live for Physicians, All Others?

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 ($240,050) and others.

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

Physicians in Memphis earn an average of $298,520 annually, which is substantially higher than the national average of $256,170.

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

The Cost of Living Index in Memphis is 100, which is exactly the national average, indicating a balanced cost of living.

How concentrated is the market for Physicians, All Other, in Memphis?

The market concentration, measured by the Location Quotient, is 0.61, meaning it is less concentrated than the national average.

What does the number of jobs per 1,000 workers indicate for physicians in Memphis?

With 1.251 jobs per 1,000 workers, there is a healthy demand for physicians in Memphis relative to the general workforce.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 780 employees in the Memphis, TN-MS-AR area with a job density of 1.251 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

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