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Business Analyst Salary in Memphis, Tennessee

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

Salary Distribution

BLS 2024
$77,185/ year

Median Business Analyst in Memphis, TN

$44,501
10th
$54,270
25th
$77,185
Median
$105,300
75th
$128,466
90th

Compensation Breakdown

BLS 2024
Base salary (median)
$77,185
Total compensation (est.)
$88,763
Bonus range
$3,350 – $15,600
Mean salary
$81,816

How This Compares

Memphis, TN median
$77,185
Tennessee median
$97,196-20.6%
National median
$95,290-19.0%

Cost of living in Memphis is 19% below the national average. Salary of $77,185 here is equivalent to $95,290 nationally.

Salary by Experience

0-2 years
$55,573-28.0%
3-5 years
$70,238-9.0%
6-10 years
$86,447+12.0%
10+ years
$106,515+38.0%

Salary by Company Size

Startup (< 100 employees)
$67,923-12.0%
Mid-size (100–5,000)
$77,185
Enterprise (5,000+)
$91,078+18.0%

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Business Analyst Salaries in Nearby Cities

Nashville, TN$100,055/yr
Knoxville, TN$95,290/yr
Chattanooga, TN$95,290/yr
Clarksville, TN$95,290/yr

Related Jobs in Memphis

Marketing Manager$112,371/yr
Human Resources Manager$110,444/yr
Operations Manager$104,992/yr
Sales Manager$105,786/yr
Account Manager$105,786/yr

Quick Numbers

Hourly (40hr week)$37/hr
Monthly gross$6,432/mo
25th percentile$54,270/yr
75th percentile$105,300/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.

Business Analyst Salaries by City

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Frequently Asked Questions

What is the average Business Analyst salary in Memphis?

The median Business Analyst salary in Memphis is $77,185 per year, with a range from $54,270 at the 25th percentile to $105,300 at the 75th percentile. Total compensation including bonuses typically runs higher — see the breakdown above for the full picture.

How does Business Analyst pay in Memphis compare to the national average?

Business Analyst salaries in Memphis are 19% below the national median of $95,290. After adjusting for Memphis's cost of living, the purchasing power of that salary is equivalent to roughly $95,290 nationally — which is the number that actually matters when comparing offers across cities.

What factors affect Business Analyst salaries in Memphis?

In Memphis, the biggest drivers are years of experience, company size, and industry vertical. Entry-level Business Analyst roles start around $44,501, while senior and staff-level positions at larger employers can reach $128,466 or above. Specialized skills and in-demand tools can also meaningfully shift where you land in the range.

Is Memphis a good place for Business Analyst jobs?

Memphis offers a Business Analyst median of $77,185, which is 19% below the US median of $95,290. 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 Business Analyst salary?

Start with the data on this page: the 75th percentile for Business Analyst in Memphis is $105,300, 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.