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

Physician Salary in Memphis: $202K Median

Physicians in Memphis, TN earn between $154K and $352K per year.

That's -12% below the US national median of $229,300 for this role.

Quick Answer

As of April 2026, the median Physician salary in Memphis, TN is $201,784 per year — -12% below the US national median of $229,300. Salaries range from $154,000 (entry, 25th percentile) to $352,000 (90th percentile). Physicians in Memphis earned approximately $30,573 in 2025, representing 560.0% year-over-year growth.

Median
$201,784
+560.0% YoY · $16,815/mo
Entry
$176,000
0–2 years
Experienced
$308,000
5+ years
Top 10%
$352,000
Senior/lead
Physician Salary — Memphis vs Nearby
Memphis
$202K
Nashville
$229K
-12% vs Memphis
El Paso
$195K
+4% vs Memphis
Tulsa
$202K
+0% vs Memphis

Free ATS scan · Memphis employers · Results in 60 seconds

About Physicians in Memphis

Physicians diagnose and treat illnesses, prescribe medications, and provide preventive care. Specialties range widely in compensation.

Core Responsibilities

  • Patient diagnosis and treatment
  • Order tests and prescriptions
  • Document patient records
  • Coordinate care
  • Lead medical teams

Education & Certifications

Typical path: MD/DO + residency (3-7 years)

In-demand certifications

MD or DOBoard certificationState medical licenseDEA registration

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 Physicians

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

Mayo Clinic
Cleveland Clinic
Kaiser Permanente
Johns Hopkins
HCA Healthcare
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 Physician listings.

TelemedicineAI-assisted diagnosisConcierge medicineSpecialty practiceEHR efficiency

ATS Resume Keywords

Include these naturally throughout your resume.

MDboard certifiedpatient careEHR (Epic)clinical researchspecialtyresidency
Career Outlook
+4% Growth Projected (2024-2034)

Physician demand strong with growing US population. Specialties like radiology, anesthesiology, and orthopedics paying $400K+.

Physician Salary Breakdown — Memphis

PeriodEntry (25th)Median (50th)Top (90th)
Annual$154,000$201,784$352,000
Monthly$12,833$16,815$29,333
Weekly$2,962$3,880$6,769
Hourly$74$97$169

Based on 2080 working hours/year. Local figures derived from BLS Occupational Employment and Wage Statistics national median ($229,300) adjusted for Memphis's cost-of-living multiplier (0.88×, sourced from BEA Regional Price Parities).

Physician Take-Home Pay in Memphis

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

Net Annual Take-Home
$150,168.772
Per month$12,514
Biweekly paycheck$5,776
Effective tax rate25.6%

Tax Breakdown on $201,784

Gross salary$201,784
Federal income tax−$37,771.16
Tennessee state tax−$0
FICA (Social Security + Medicare)−$13,844.068
Take-home (net)$150,168.772

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.

Physician Salary by Experience — Memphis

Career-stage progression for Physicians in Memphis.

ExperienceAnnual Salary
0–1 yr$161,920
2–3 yr$176,000
4–6 yr$242,000
7–10 yr$308,000
11–15 yr$363,440
15+ yr$330,000

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:$30,573
2026 median:$201,784
Change:+$171,211

Healthcare sector growth driven by demand for Telemedicine and AI-assisted diagnosis.

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
$237,393
Comfortable lifestyle with strong savings potential - the median paycheck stretches well above the national average here.

How to Negotiate Your Physician Salary in Memphis

Walk-away anchor: $183,440 (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 $308K–$352K for experienced roles, citing Memphis market data and your specific Telemedicine/AI-assisted diagnosis expertise.

Physician Salary FAQ — Memphis

What is the average Physician salary in Memphis, TN?
The average Physician salary in Memphis is $201,784 per year as of April 2026 — $16,815/month, $3,880/week, or about $97/hour. Salaries range from $154,000 (entry, 25th percentile) up to $352,000 (experienced, 90th percentile). Source: BLS Occupational Employment and Wage Statistics adjusted for Memphis's cost-of-living multiplier (0.88×).
Is $201,784 a good Physician 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 $201,784 a real purchasing power of approximately $237,393 in national terms. Comfortable lifestyle with strong savings potential - the median paycheck stretches well above the national average here.
Can you live on $201,784 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 $201,784 salary supports a comfortable lifestyle.
Is $201,784 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 $201,784 salary is well above that threshold — a single person can live comfortably with significant savings room.
Is $201,784 enough for a couple in Memphis?
A couple (one earner) in Memphis typically needs ~$61,200 for a comfortable lifestyle. A $201,784 salary as the sole household income is sufficient — enabling moderate housing, savings, and discretionary spending. Two earners at $201,784 each ($403,568 household) provides solid middle-class comfort.
Is $201,784 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 $201,784 salary as the sole household income is sufficient — a family of 4 can afford this metro on a single Physician income with prudent budgeting. Childcare costs in Memphis typically run $13K-$24K per child per year.
What is the take-home pay for a Physician in Memphis?
On a $201,784 Physician salary in Memphis, TN, you take home approximately $150,168.772 per year ($12,514/month, $5,776 per biweekly paycheck) after taxes. Breakdown: federal $37,771.16, state $0, FICA $13,844.068. Effective tax rate: 25.6%. (Single filer, standard deduction, no other adjustments.)
How much do Physicians in Memphis earn compared to the US average?
Physicians in Memphis earn approximately 12% less than the US national median for this role ($229,300 nationally vs $201,784 in Memphis). However, Memphis's cost-of-living index of 85 means real purchasing power is approximately $237,393 when adjusted for local prices.
What does an entry-level Physician earn in Memphis?
Entry-level Physicians in Memphis typically start at around $176,000 (0–2 years experience). With 5+ years, Physicians earn $308,000 or more. Top earners (90th percentile) reach $352,000+, typically at senior or lead levels with specialized skills.
Did Physician salaries in Memphis increase in 2026?
Yes — Physician salaries in Memphis grew approximately 560.0% year-over-year, from $30,573 in 2025 to $201,784 in 2026 (+$171,211). This reflects the broader Healthcare sector's compensation trend, driven by Telemedicine and AI-assisted diagnosis demand.
What's the job outlook for Physicians in Memphis?
Physician demand strong with growing US population. Specialties like radiology, anesthesiology, and orthopedics paying $400K+. 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 Physicians in 2026?
The hottest 2026 skills for Physicians are: Telemedicine, AI-assisted diagnosis, Concierge medicine, Specialty practice, EHR efficiency. 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 Physicians in Memphis?
Top employers hiring Physicians in or near Memphis include: Mayo Clinic, Cleveland Clinic, Kaiser Permanente, Johns Hopkins, HCA Healthcare, 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 Physician 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 Physician salary in Memphis?
Three highest-leverage moves: (1) Add 2026's hot skills (Telemedicine, AI-assisted diagnosis, Concierge medicine) — they command 15-30% premiums. (2) Get a recognized certification (e.g., MD or DO or Board certification). (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 Physician in Memphis?
MD/DO + residency (3-7 years) 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

Physician salary figures for Memphis are computed by adjusting the BLS national median ($229,300) 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

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

Physician Salary in Other Cities

Jacksonville, FL$211KEl Paso, TX$195KNashville, TN$229KOklahoma City, OK$202KLouisville, KY$209KAlbuquerque, NM$206KTucson, AZ$206KTulsa, OK$202K

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