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Bank Teller Salary in Memphis, Tennessee

Updated 2026-04-05BLS 2024 data — be the first to add a local report

Salary Distribution

BLS 2024
$30,861/ year

Median Bank Teller in Memphis, TN

$20,590
10th
$25,110
25th
$30,861
Median
$37,260
75th
$45,457
90th

Compensation Breakdown

BLS 2024
Base salary (median)
$30,861
Total compensation (est.)
$35,490
Bonus range
$1,550 – $5,520
Mean salary
$32,713

How This Compares

Memphis, TN median
$30,861
Tennessee median
$38,862-20.6%
National median
$38,100-19.0%

Cost of living in Memphis is 19% below the national average. Salary of $30,861 here is equivalent to $38,100 nationally.

Salary by Experience

0-2 years
$22,220-28.0%
3-5 years
$28,084-9.0%
6-10 years
$34,564+12.0%
10+ years
$42,588+38.0%

Salary by Company Size

Startup (< 100 employees)
$27,158-12.0%
Mid-size (100–5,000)
$30,861
Enterprise (5,000+)
$36,416+18.0%

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Bank Teller Salaries in Nearby Cities

Nashville, TN$40,005/yr
Knoxville, TN$38,100/yr
Chattanooga, TN$38,100/yr
Clarksville, TN$38,100/yr

Related Jobs in Memphis

Financial Analyst$80,198/yr
Accountant$64,703/yr
CPA$64,703/yr
Investment Banker$80,198/yr
Financial Advisor$80,660/yr

Quick Numbers

Hourly (40hr week)$15/hr
Monthly gross$2,572/mo
25th percentile$25,110/yr
75th percentile$37,260/yr

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Market Context

via FRED

Fed Funds Rate

Mar 2026

3.64%

Inflation (CPI)

year-over-year

2.4%+0.04

National Unemployment

Mar 2026

4.3%-0.10

Tennessee Unemployment

Dec 2025

3.6%

Avg Hourly Earnings

all private workers

$37.38+$0.09

10yr Treasury

Apr 2026

4.31%

Source: St. Louis Fed (FRED). Updated daily.

Bank Teller Salaries by City

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Frequently Asked Questions

What is the average Bank Teller salary in Memphis?

The median Bank Teller salary in Memphis is $30,861 per year, with a range from $25,110 at the 25th percentile to $37,260 at the 75th percentile. Total compensation including bonuses typically runs higher — see the breakdown above for the full picture.

How does Bank Teller pay in Memphis compare to the national average?

Bank Teller salaries in Memphis are 19% below the national median of $38,100. After adjusting for Memphis's cost of living, the purchasing power of that salary is equivalent to roughly $38,100 nationally — which is the number that actually matters when comparing offers across cities.

What factors affect Bank Teller salaries in Memphis?

In Memphis, the biggest drivers are years of experience, company size, and industry vertical. Entry-level Bank Teller roles start around $20,590, while senior and staff-level positions at larger employers can reach $45,457 or above. Specialized skills and in-demand tools can also meaningfully shift where you land in the range.

Is Memphis a good place for Bank Teller jobs?

Memphis offers a Bank Teller median of $30,861, which is 19% below the US median of $38,100. Whether that makes it a good market depends on your personal cost-of-living equation — Memphis is 19% cheaper than the national average, so factor that into your math.

How do I negotiate a higher Bank Teller salary?

Start with the data on this page: the 75th percentile for Bank Teller in Memphis is $37,260, which is a defensible anchor for a negotiation. Come in with a specific number backed by real market data — not a range — and reference your experience tier. If you're above the median, ask for the 75th percentile. If you're already at the 75th, push for total comp improvements like equity or bonus instead.