Physician Salary in Memphis
2026 compensation data for Physician positions in Memphis, TN. Ranges from $158,000 (entry-level) to $396,000 (senior). Median: $242,000.
Median (Mid)
$242,000
$116.35/hr
vs National
+2%
US: $238,000
COL Index
88
vs US avg = 100
Senior Max
$396,000
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) | $158,000 | $185,000 | $216,000 | $88.94/hr |
| Mid-Level (3–5 yrs) | $202,000 | $242,000 | $290,000 | $116.35/hr |
| Senior (6+ yrs) | $255,000 | $317,000 | $396,000 | $152.4/hr |
What Your Salary Is Really Worth in Memphis
A mid-level physician earning $242,000 in Memphis has the same buying power as $275,000 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 Physician Salaries in Memphis
The median physician salary in Memphis, TN is $242,000 for mid-level professionals, which is 2% 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 physicians in Memphis can expect to earn between $158,000 and $216,000 (about $88.94/hour), while senior professionals with 6+ years of experience earn up to $396,000 ($396K annually, or about $190.38/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: Physician Salary in Memphis
What is the average Physician salary in Memphis?+
The average Physician salary in Memphis is $242,000 for a mid-level professional (3–5 years of experience). Entry-level pay starts around $185,000 and senior-level pay reaches $317,000.
How much does an entry-level physician make in Memphis?+
Entry-level physicians in Memphis earn between $158,000 and $216,000, with a median of $185,000 per year (about $88.94/hour).
What is the hourly rate for a Physician in Memphis?+
Based on a 2,080-hour work year, a Physician in Memphis earns roughly $88.94/hour at entry-level, $116.35/hour at mid-level, and $152.4/hour at senior-level.
Is the Physician salary in Memphis higher than the US average?+
Yes — Physician salaries in Memphis are about 2% higher than the US national median of $238,000.
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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