Pharmacists pay range in Memphis
New workers and the lowest-paid 10% earn about $103,470 a year or less, while the top 10% make $165,860 or more. The middle half of pharmacists in Memphis earn between $126,490 and $153,250.
- $103K10th
- $126K25th
- $134KMedian
- $153K75th
- $166K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $133,120 | $11,093 | $64.00 |
| Median | $134,220 | $11,185 | $64.53 |
| Entry level (25th percentile) | $126,490 | $10,541 | $60.81 |
| Experienced (75th percentile) | $153,250 | $12,771 | $73.68 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Pharmacists pay in Memphis vs. Tennessee and the U.S.
Pharmacists in Memphis earn about the same as the Tennessee average ($131,270) and 6% less than the U.S. average ($140,920). At the median the gap is -5% against the U.S. median of $140,910.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Memphis | $133,120 | $134,220 | $103,470 | $165,860 | 1,460 |
| Tennessee | $131,270 | $133,390 | $88,700 | $164,430 | 8,250 |
| United States | $140,920 | $140,910 | $99,290 | $174,230 | 321,970 |
State and U.S. rows: BLS statewide and national estimates, May 2025, which include rural areas.
Pharmacists salary after taxes in Memphis
On the average salary of $133,120, a single filer in Memphis takes home about $102,254 a year, or $8,521 a month and $3,933 every two weeks. Taxes take 23% of gross pay.
The Memphis, TN-MS-AR metro area crosses state lines, so take-home pay depends on the state where you work:
| State | Per year | Per month |
|---|---|---|
| Working in TN | $102,254 | $8,521 |
| Working in MS | $97,661 | $8,138 |
| Working in AR | $97,529 | $8,127 |
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and no state income tax.
Is Memphis a good place for pharmacists? Pay vs. cost of living
Prices in the Memphis area are 8% below the U.S. average (BEA price parity 92.2), so the average $133,120 buys what about $144,415 would buy in a typical U.S. metro. This job pays 2.9 times the median wage of all jobs in Memphis ($46,890). A typical home costs $247,229, or 1.9 years of this average salary before tax.
Pharmacists salary in other Tennessee cities
Memphis ranks 4th of 10 Tennessee metro areas for this job; Clarksville pays the most ($134,460).
- Clarksville$134,460
- Nashville$133,960
- Jackson$133,400
- Memphis$133,120
- Chattanooga$132,630
- Kingsport$132,350
- Knoxville$128,740
- Johnson City$127,050
- Morristown$125,630
- Cleveland$112,990
Highest-paying cities for pharmacists
San Jose, CA pays this job the most of the metro areas we cover ($190,370).
- San Jose, CA$190,370
- Napa, CA$186,750
- San Francisco, CA$184,540
- Florence, SC$184,250
- Santa Rosa, CA$175,910
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Pharmacists salary in Memphis: questions
How much do pharmacists make an hour in Memphis?
$64.00 an hour on average, and $64.53 at the median (BLS, May 2025).
What is the entry-level pharmacists salary in Memphis?
The lowest-paid 10% earn about $103,470 a year and the 25th percentile is $126,490, a fair guide to starting pay.
What is the pharmacists take-home pay in Memphis?
About $102,254 a year ($8,521 a month) for a single filer on the average salary of $133,120. Tennessee has no state income tax.
Do pharmacists earn more in Memphis than elsewhere?
The average here is 6% less than the U.S. average for this job ($140,920).
Sources and how to read this page
- Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 29-1051; area Memphis, TN-MS-AR (32820). Relative standard error of the mean wage: 1.5%.
- U.S. and statewide figures: BLS OEWS national and state estimates, May 2025, every employer including rural areas.
- Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
- Home value: Zillow Home Value Index. Typical-wage figure: OEWS all occupations, same metro.
- Take-home pay: Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and no state income tax.
- Job concentration: location quotient 1.15, this job is about as common as in the U.S. overall.
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