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 |
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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
Diagnose, treat, and manage patients across primary care or specialty practice. This page covers physician compensation specifically in Memphis, TN.
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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