folvr

Pharmacist Salary in Memphis, Tennessee

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

Salary Distribution

BLS 2024
$107,528/ year

Median Pharmacist in Memphis, TN

$69,077
10th
$84,240
25th
$107,528
Median
$128,791
75th
$157,125
90th

Compensation Breakdown

BLS 2024
Base salary (median)
$107,528
Total compensation (est.)
$123,657
Bonus range
$5,200 – $19,080
Mean salary
$113,980

How This Compares

Memphis, TN median
$107,528
Tennessee median
$135,405-20.6%
National median
$132,750-19.0%

Cost of living in Memphis is 19% below the national average. Salary of $107,528 here is equivalent to $132,751 nationally.

Salary by Experience

0-2 years
$77,420-28.0%
3-5 years
$97,850-9.0%
6-10 years
$120,431+12.0%
10+ years
$148,389+38.0%

Salary by Company Size

Startup (< 100 employees)
$94,625-12.0%
Mid-size (100–5,000)
$107,528
Enterprise (5,000+)
$126,883+18.0%

Add your salary data

Anonymous. 60 seconds. See how you compare instantly.

$110K
$30K$500K

Pharmacist Salaries in Nearby Cities

Nashville, TN$139,388/yr
Knoxville, TN$132,750/yr
Chattanooga, TN$132,750/yr
Clarksville, TN$132,750/yr

Related Jobs in Memphis

Registered Nurse$65,788/yr
Nurse Practitioner$100,991/yr
Physician Assistant$102,068/yr
Physical Therapist$79,153/yr
Occupational Therapist$75,476/yr

Quick Numbers

Hourly (40hr week)$52/hr
Monthly gross$8,961/mo
25th percentile$84,240/yr
75th percentile$128,791/yr

Find Pharmacist jobs in Memphis

See open positions and negotiate with real data.

Search Indeed →Search LinkedIn →

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.

Pharmacist Salaries by City

Compare all US cities →

Frequently Asked Questions

What is the average Pharmacist salary in Memphis?

The median Pharmacist salary in Memphis is $107,528 per year, with a range from $84,240 at the 25th percentile to $128,791 at the 75th percentile. Total compensation including bonuses typically runs higher — see the breakdown above for the full picture.

How does Pharmacist pay in Memphis compare to the national average?

Pharmacist salaries in Memphis are 19% below the national median of $132,750. After adjusting for Memphis's cost of living, the purchasing power of that salary is equivalent to roughly $132,751 nationally — which is the number that actually matters when comparing offers across cities.

What factors affect Pharmacist salaries in Memphis?

In Memphis, the biggest drivers are years of experience, company size, and industry vertical. Entry-level Pharmacist roles start around $69,077, while senior and staff-level positions at larger employers can reach $157,125 or above. Specialized skills and in-demand tools can also meaningfully shift where you land in the range.

Is Memphis a good place for Pharmacist jobs?

Memphis offers a Pharmacist median of $107,528, which is 19% below the US median of $132,750. 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 Pharmacist salary?

Start with the data on this page: the 75th percentile for Pharmacist in Memphis is $128,791, 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.