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2026 Salary Data — Memphis, TN
Updated April 28, 2026

Pharmacist Salary in Memphis: $121K Median

Pharmacists in Memphis, TN earn between $92K and $145K per year.

That's -12% below the US national median of $137,480 for this role.

Quick Answer

As of April 2026, the median Pharmacist salary in Memphis, TN is $120,982 per year — -12% below the US national median of $137,480. Salaries range from $92,400 (entry, 25th percentile) to $145,200 (90th percentile). Pharmacists in Memphis earned approximately $18,331 in 2025, representing 560.0% year-over-year growth.

Median
$120,982
+560.0% YoY · $10,082/mo
Entry
$96,800
0–2 years
Experienced
$136,400
5+ years
Top 10%
$145,200
Senior/lead
Pharmacist Salary — Memphis vs Nearby
Memphis
$121K
Nashville
$137K
-12% vs Memphis
El Paso
$117K
+4% vs Memphis
Tulsa
$121K
+0% vs Memphis

Free ATS scan · Memphis employers · Results in 60 seconds

About Pharmacists in Memphis

Pharmacists dispense medications, counsel patients, and ensure safe medication use. Roles span retail, hospital, clinical, and industry.

Core Responsibilities

  • Verify prescriptions
  • Patient counseling
  • Medication therapy management
  • Clinical pharmacy services
  • Drug interaction monitoring

Education & Certifications

Typical path: PharmD (6-year doctorate)

In-demand certifications

RPh (Registered Pharmacist)BCPSImmunization certifiedMTM certified

Memphis Job Market

Logistics capital home to FedEx headquarters with major healthcare presence.

Population
633K
Cost of Living
85
vs 100 US avg
Unemployment
4.5%
Median Home
$175K

Top Industries in Memphis

Logistics (FedEx)HealthcareManufacturingMusic/Tourism

Top Employers Hiring Pharmacists

Major employers active in Memphis or hiring remotely from this metro.

CVS Health
Walgreens
Walmart
Kroger
Hospital systems
Veterans Health

All major employers use ATS software.

Workday, Greenhouse, Taleo, and iCIMS auto-screen 75% of resumes before a human ever sees them. Scan your resume free to see your match rate.

2026 Hot Skills & Resume Keywords

Skills that command salary premiums and pass ATS keyword filters.

Hottest 2026 Skills

These appear in the highest-paying Pharmacist listings.

Clinical pharmacySpecialty drugsMTMTelepharmacyPharmGenomics

ATS Resume Keywords

Include these naturally throughout your resume.

PharmDprescription verificationpatient counselingclinical pharmacymedication therapy managementEpic
Career Outlook
+3% Growth Projected (2024-2034)

Pharmacist employment relatively stable. Clinical pharmacist roles growing fastest as retail consolidates.

Pharmacist Salary Breakdown — Memphis

PeriodEntry (25th)Median (50th)Top (90th)
Annual$92,400$120,982$145,200
Monthly$7,700$10,082$12,100
Weekly$1,777$2,327$2,792
Hourly$44$58$70

Based on 2080 working hours/year. Local figures derived from BLS Occupational Employment and Wage Statistics national median ($137,480) adjusted for Memphis's cost-of-living multiplier (0.88×, sourced from BEA Regional Price Parities).

Pharmacist Take-Home Pay in Memphis

After federal, state and FICA taxes — single filer, standard deduction.

Net Annual Take-Home
$93,348.197
Per month$7,779
Biweekly paycheck$3,590
Effective tax rate22.8%

Tax Breakdown on $120,982

Gross salary$120,982
Federal income tax−$18,378.68
Tennessee state tax−$0
FICA (Social Security + Medicare)−$9,255.123
Take-home (net)$93,348.197

Estimates assume single filer, standard deduction ($14,600 for 2026), no 401(k)/HSA/dependents. Actual take-home varies with deductions, dependents, and benefits elections. Not tax advice.

Pharmacist Salary by Experience — Memphis

Career-stage progression for Pharmacists in Memphis.

ExperienceAnnual Salary
0–1 yr$89,056
2–3 yr$96,800
4–6 yr$116,600
7–10 yr$136,400
11–15 yr$160,952
15+ yr$140,800

Curve derived from BLS percentile data adjusted for Memphis's 0.88× cost-of-living multiplier. Highlighted row = 7–10 year experienced level.

Year-Over-Year Trend

+560.0% vs 2025

2025 median:$18,331
2026 median:$120,982
Change:+$102,651

Healthcare sector growth driven by demand for Clinical pharmacy and Specialty drugs.

Is This A Good Salary?

Excellent

Adjusted for local cost of living, this salary delivers top-tier real purchasing power - well above what the same nominal pay would buy in most US metros. Strong savings, home-buying, and discretionary spending are all realistic.

COL-Adjusted Purchasing Power
$142,332
Comfortable lifestyle with strong savings potential - the median paycheck stretches well above the national average here.

How to Negotiate Your Pharmacist Salary in Memphis

Walk-away anchor: $109,984 (offers below this are below market for Memphis).

Leverage Points

  • Specialty certifications (CCRN, OCS, BCPS, FNP) command 8-15% premiums
  • Compact license / multi-state authority and willingness to float between units
  • Night, weekend, and holiday shift differentials add up to $10K-$25K annually
  • Critical-shortage specialties (ICU, ER, NICU, oncology) have the most leverage

Beyond Base Salary, Negotiate

Sign-on bonus ($10K-$30K, often $50K+ for hard-to-fill roles)Tuition reimbursement and certification stipendsLoan repayment programs (especially federal/HRSA-eligible)Shift differentials (nights +15%, weekends +10%)Relocation package and housing stipend

What To Say

"Given the current shortage in this specialty and my certifications, I'm looking for $X base plus shift differential and a sign-on bonus. What flexibility do you have on those line items?"

Anchor on $136K–$145K for experienced roles, citing Memphis market data and your specific Clinical pharmacy/Specialty drugs expertise.

Pharmacist Salary FAQ — Memphis

What is the average Pharmacist salary in Memphis, TN?
The average Pharmacist salary in Memphis is $120,982 per year as of April 2026 — $10,082/month, $2,327/week, or about $58/hour. Salaries range from $92,400 (entry, 25th percentile) up to $145,200 (experienced, 90th percentile). Source: BLS Occupational Employment and Wage Statistics adjusted for Memphis's cost-of-living multiplier (0.88×).
Is $120,982 a good Pharmacist salary in Memphis?
Excellent. Adjusted for local cost of living, this salary delivers top-tier real purchasing power - well above what the same nominal pay would buy in most US metros. Strong savings, home-buying, and discretionary spending are all realistic. Memphis's cost-of-living index is 85 (vs 100 nationally), giving $120,982 a real purchasing power of approximately $142,332 in national terms. Comfortable lifestyle with strong savings potential - the median paycheck stretches well above the national average here.
Can you live on $120,982 in Memphis?
Median local pay typically supports a single-earner family of four with a starter home, modest college savings, and standard healthcare costs covered. Stay under 25% of pre-tax income on rent. In this market, that is realistic on most professional salaries and leaves room for retirement contributions. For Memphis specifically (median home price $175,000), a $120,982 salary supports a comfortable lifestyle.
Is $120,982 enough for a single person in Memphis?
A single adult in Memphis typically needs ~$38,250 for a comfortable lifestyle (housing, food, transport, healthcare, modest savings). A $120,982 salary is well above that threshold — a single person can live comfortably with significant savings room.
Is $120,982 enough for a couple in Memphis?
A couple (one earner) in Memphis typically needs ~$61,200 for a comfortable lifestyle. A $120,982 salary as the sole household income is sufficient — enabling moderate housing, savings, and discretionary spending. Two earners at $120,982 each ($241,964 household) provides solid middle-class comfort.
Is $120,982 enough for a family of 4 in Memphis?
A family of 4 (one earner) in Memphis typically needs ~$93,500 for a comfortable middle-class lifestyle (housing for 4, childcare/school, food, healthcare, transport, savings). A $120,982 salary as the sole household income is sufficient — a family of 4 can afford this metro on a single Pharmacist income with prudent budgeting. Childcare costs in Memphis typically run $13K-$24K per child per year.
What is the take-home pay for a Pharmacist in Memphis?
On a $120,982 Pharmacist salary in Memphis, TN, you take home approximately $93,348.197 per year ($7,779/month, $3,590 per biweekly paycheck) after taxes. Breakdown: federal $18,378.68, state $0, FICA $9,255.123. Effective tax rate: 22.8%. (Single filer, standard deduction, no other adjustments.)
How much do Pharmacists in Memphis earn compared to the US average?
Pharmacists in Memphis earn approximately 12% less than the US national median for this role ($137,480 nationally vs $120,982 in Memphis). However, Memphis's cost-of-living index of 85 means real purchasing power is approximately $142,332 when adjusted for local prices.
What does an entry-level Pharmacist earn in Memphis?
Entry-level Pharmacists in Memphis typically start at around $96,800 (0–2 years experience). With 5+ years, Pharmacists earn $136,400 or more. Top earners (90th percentile) reach $145,200+, typically at senior or lead levels with specialized skills.
Did Pharmacist salaries in Memphis increase in 2026?
Yes — Pharmacist salaries in Memphis grew approximately 560.0% year-over-year, from $18,331 in 2025 to $120,982 in 2026 (+$102,651). This reflects the broader Healthcare sector's compensation trend, driven by Clinical pharmacy and Specialty drugs demand.
What's the job outlook for Pharmacists in Memphis?
Pharmacist employment relatively stable. Clinical pharmacist roles growing fastest as retail consolidates. Memphis's top industries include Logistics (FedEx), Healthcare, Manufacturing, and the metro's current unemployment rate is 4.5% — steady demand for skilled workers.
What skills are most in demand for Pharmacists in 2026?
The hottest 2026 skills for Pharmacists are: Clinical pharmacy, Specialty drugs, MTM, Telepharmacy, PharmGenomics. ATS systems specifically scan for these keywords. Adding them to your resume — naturally and in context — significantly improves your match rate with employers in Memphis.
Who are the top employers hiring Pharmacists in Memphis?
Top employers hiring Pharmacists in or near Memphis include: CVS Health, Walgreens, Walmart, Kroger, Hospital systems, Veterans Health. Most use ATS software (Workday, Greenhouse, Taleo, iCIMS) to screen resumes — meaning your resume must be ATS-optimized to even get a human reader.
How do I negotiate a higher Pharmacist salary in Memphis?
Given the current shortage in this specialty and my certifications, I'm looking for $X base plus shift differential and a sign-on bonus. What flexibility do you have on those line items? Key leverage points for Healthcare negotiations: Specialty certifications (CCRN, OCS, BCPS, FNP) command 8-15% premiums; Compact license / multi-state authority and willingness to float between units; Night, weekend, and holiday shift differentials add up to $10K-$25K annually. Beyond base salary, negotiate for: Sign-on bonus ($10K-$30K, often $50K+ for hard-to-fill roles), Tuition reimbursement and certification stipends, Loan repayment programs (especially federal/HRSA-eligible), Shift differentials (nights +15%, weekends +10%).
How can I increase my Pharmacist salary in Memphis?
Three highest-leverage moves: (1) Add 2026's hot skills (Clinical pharmacy, Specialty drugs, MTM) — they command 15-30% premiums. (2) Get a recognized certification (e.g., RPh (Registered Pharmacist) or BCPS). (3) Tailor your resume to each role's keywords — CVCraft's ATS scanner shows you exactly what's missing.
What education do I need to become a Pharmacist in Memphis?
PharmD (6-year doctorate) is the typical path. However, Memphis's competitive market increasingly values demonstrable skills, portfolios, and certifications alongside (or in place of) traditional degrees — particularly for Healthcare roles.

Methodology & Sources

Pharmacist salary figures for Memphis are computed by adjusting the BLS national median ($137,480) by Memphis's cost-of-living multiplier of 0.88× — a composite of regional wage data and price parities. Year-over-year change (560.0%) reflects the Healthcare sector's 2025-2026 wage growth per BLS Employment Cost Index trends. Last reviewed April 28, 2026.

Data Sources

Related Roles in Memphis

Registered Nurse →Physical Therapist →Occupational Therapist →Physician →Nurse Practitioner →Dentist →

Pharmacist Salary in Other Cities

Jacksonville, FL$126KEl Paso, TX$117KNashville, TN$137KOklahoma City, OK$121KLouisville, KY$125KAlbuquerque, NM$124KTucson, AZ$124KTulsa, OK$121K

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