Pharmacist Salary in Memphis
2026 compensation data for Pharmacist positions in Memphis, TN. Ranges from $92,000 (entry-level) to $154,000 (senior). Median: $116,000.
Median (Mid)
$116,000
$55.77/hr
vs National
+0%
US: $116,000
COL Index
88
vs US avg = 100
Senior Max
$154,000
Top of band
Salary Ranges by Experience Level
Detailed Compensation Breakdown
| Level | Annual Min | Annual Median | Annual Max | Hourly (Median) |
|---|---|---|---|---|
| Entry-Level (0–2 yrs) | $92,000 | $101,000 | $110,000 | $48.56/hr |
| Mid-Level (3–5 yrs) | $106,000 | $116,000 | $128,000 | $55.77/hr |
| Senior (6+ yrs) | $123,000 | $136,000 | $154,000 | $65.38/hr |
What Your Salary Is Really Worth in Memphis
A mid-level pharmacist earning $116,000 in Memphis has the same buying power as $132,000 in an average US city, after adjusting for the local cost of living (COL index 88).
Cost of living comparisons use a base of 100 (US national average). Higher index = higher housing, transport, and consumer prices.
About Pharmacist Salaries in Memphis
The median pharmacist salary in Memphis, TN is $116,000 for mid-level professionals, which is 0% above the national median. With a cost of living index of 88 (national average = 100), Memphis offers an affordable cost of living, making these salaries stretch further.
Entry-level pharmacists in Memphis can expect to earn between $92,000 and $110,000 (about $48.56/hour), while senior professionals with 6+ years of experience earn up to $154,000 ($154K annually, or about $74.04/hour).
These figures represent base salary only and do not include bonuses, equity, or benefits, which can add 20–50% to total compensation — especially at technology companies and in competitive markets like Memphis.
Frequently Asked Questions: Pharmacist Salary in Memphis
What is the average Pharmacist salary in Memphis?+
The average Pharmacist salary in Memphis is $116,000 for a mid-level professional (3–5 years of experience). Entry-level pay starts around $101,000 and senior-level pay reaches $136,000.
How much does an entry-level pharmacist make in Memphis?+
Entry-level pharmacists in Memphis earn between $92,000 and $110,000, with a median of $101,000 per year (about $48.56/hour).
What is the hourly rate for a Pharmacist in Memphis?+
Based on a 2,080-hour work year, a Pharmacist in Memphis earns roughly $48.56/hour at entry-level, $55.77/hour at mid-level, and $65.38/hour at senior-level.
Is the Pharmacist salary in Memphis higher than the US average?+
Yes — Pharmacist salaries in Memphis are about 0% higher than the US national median of $116,000.
Does this include bonuses or equity?+
No — these figures are base salary only. Total compensation (base + bonus + equity + benefits) is typically 20–50% higher, and can be 2–3x at top technology and finance employers.
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