Average Software Developers Salary in Memphis, TN-MS-AR
Software Developers in the Memphis, TN-MS-AR metropolitan area earn an average annual salary of $116,280. This figure is notably below the national average of $145,320, suggesting that local market dynamics and potentially a different industry focus influence compensation. While the national average reflects broader demand across diverse tech hubs, Memphis's specific economic landscape shapes its unique pay scale for this critical role.
Executive Summary
- Average Salary: $116,280 per year.
- Growth Trend: Salaries have shifted 28.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $161,200.
- Outlook: The Memphis tech job market for Software Developers, while not as concentrated as national averages (Location Quotient of 0.38), still represents a significant local presence with approximately 2,500 professionals. The rate of 4.037 jobs per 1,000 workers indicates a steady, albeit not explosive, demand for these skills within the region. This suggests a stable, ongoing need for software development talent, rather than a rapidly expanding market.
Salary Overview
The average Software Developers in Memphis, TN-MS-AR earns-20.0%below the national average.
$55.9
$2,236
$9,690
Software Developers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Software Developer salaries in Memphis, mirroring national trends, have experienced consistent growth over the past four years. Factors such as increasing demand for digital solutions, advancements in technology, and the general inflationary environment likely contribute to upward pressure on wages for skilled developers in the region.
Software Developers Salary Distribution in Memphis, TN-MS-AR
Salary progression for Software Developers in Memphis, as elsewhere, is strongly tied to experience and skill specialization. Entry-level positions typically command lower salaries, while senior developers with extensive experience and specialized expertise can expect significantly higher compensation. The percentile gaps between junior, mid-level, and senior roles serve as clear indicators of career progression and the increasing value placed on seasoned professionals within the local market.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $71,120 | $34.2 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $87,210 | $41.9 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $116,470 | $56 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $145,350 | $69.9 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $161,200 | $77.5 |
Detailed Software Developers Market Analysis
Relocation Context
Nominal Salary
$116,280
Gross Pay
Real Wage (Purchasing Power)
$116,280
Adjusted for COL (100)
The nominal average salary of $116,280 for Software Developers in Memphis aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a developer's salary in Memphis is equivalent to that of a developer earning the national average in a location with a national average cost of living. Therefore, while the salary is lower than the national average, the cost of living does not diminish its real value.
Job Market Context
2,500
Total Jobs
4.037
Per 1K Jobs
0.38
Location Quotient
At 0.38x, Memphis, TN-MS-AR has a notably lower concentration of Software Developers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
With a Location Quotient of 0.38, the Software Developer job market in Memphis is less concentrated than the national average. This indicates that while there is a presence of these professionals, they are not as densely populated as in major tech hubs. This lower concentration suggests a potentially less saturated market, which could offer opportunities for skilled developers, though the overall demand might be more moderate compared to high-concentration areas.
Nearby Job Markets
Nearby Cities for Software Developers
| City | Salary | Dist. |
|---|---|---|
| Jonesboro, AR Software Developers Salary | $91,420↓ 21% | 64 mi |
| Jackson, TN Software Developers Salary | $105,350↓ 9% | 74 mi |
Comparing salaries near Memphis, TN-MS-AR
Hiring Software Developerss?
Frequently Asked Questions
How much does a Software Developers make in Memphis, TN-MS-AR?
The median annual salary for a Software Developers in Memphis, TN-MS-AR is $116,280. This typically ranges from $71,120 for entry-level positions to $161,200 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 20.0% lower than the national median of $145,320.
Is Memphis, TN-MS-AR a lucrative place for Software Developers?
No, not when compared to the national average salary.While the average salary of $116,280 is substantial, it falls significantly short of the national average of $145,320. However, the cost of living being at the national average offsets this disparity in purchasing power.
Is Memphis, TN-MS-AR a good place to live for Software Developers?
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 ($91,420) and Jackson, TN.
How does the Memphis salary compare to the national average?
Software Developers in Memphis earn an average of $116,280 annually, which is approximately $29,000 less than the national average of $145,320.
What is the cost of living in Memphis for Software Developers?
The cost of living in Memphis is at the national average (index of 100), meaning that the $116,280 salary has the same purchasing power as the national average salary in a national average cost of living area.
How concentrated is the Software Developer job market in Memphis?
The market has a Location Quotient of 0.38, indicating it is less concentrated than the national average, suggesting a moderate level of competition and demand.
What is the total number of Software Developers in Memphis?
There are approximately 2,500 Software Developers working in 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 2,500 employees in the Memphis, TN-MS-AR area with a job density of 4.037 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Software Developers • Data source: BLS OEWS 2024 •Jobs in Memphis, TN-MS-AR