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 |
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Practice negotiating this salaryWhat 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
Dispense medications, counsel patients on drug interactions, and collaborate with healthcare providers. This page covers pharmacist compensation specifically in Memphis, TN.
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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