Pharmacist Salary in Memphis, TN
Pharmacists in the Memphis, TN-MS-AR metro area earn a median $134,220 a year — 5% less than the national median. After 2026 taxes, that is $103,005 take-home, or $8,584 a month.
Take-home pay calculator
Pre-filled with the median pharmacist salary in Memphis, TN. Enter your own offer to see your paycheck.
- Federal income tax$20,947
- Social Security (6.2%)$8,322
- Medicare (1.45%)$1,946
- Tennessee income tax$0
- Take-home pay$103,005
Marginal rate: 24% federal + 0.00% state
The Memphis, TN-MS-AR metro spans Tennessee, Mississippi, Arkansas. Pick the state you live in — state income tax follows your residence.
Pharmacist pay by experience in Memphis, TN
| Percentile | Salary | Hourly | Take-home / yr | Per month |
|---|---|---|---|---|
| 10th percentile (entry level) | $103,470 | $49.75 | $81,621 | $6,802 |
| 25th percentile | $126,490 | $60.81 | $97,722 | $8,143 |
| Median (50th) | $134,220 | $64.53 | $103,005 | $8,584 |
| 75th percentile | $153,250 | $73.68 | $116,012 | $9,668 |
| 90th percentile (top earners) | $165,860 | $79.74 | $124,631 | $10,386 |
Wages: BLS Occupational Employment and Wage Statistics, May 2025. Take-home: single filer, Tennessee resident, 2026 tax rules.
What $134,220 buys in Memphis, TN
Prices in Memphis, TN are 7.8% lower than the U.S. average (housing costs are 20% below the national average). Adjusted for local prices, a median pharmacist's $103,005 take-home pay has the buying power of $111,745 in a typical American city.
Rents: HUD Fair Market Rents, FY2026 (40th-percentile gross rent incl. utilities). Price levels: BEA Regional Price Parities, 2024.
Pharmacist jobs are about as common in Memphis, TN as in the U.S. overall (location quotient 1.15).
Best-paying cities for pharmacists, adjusted for cost of living
Memphis, TN ranks #26 of 120 metro areas once taxes and local prices are taken into account.
| # | Metro area | Median salary | Take-home | Real value* |
|---|---|---|---|---|
| 1 | Rochester, MN | $164,250 | $113,470 | $124,938 |
| 2 | Sioux Falls, SD | $148,330 | $112,650 | $124,295 |
| 3 | McAllen, TX | $137,700 | $105,384 | $122,689 |
| 4 | San Antonio, TX | $150,500 | $114,133 | $120,500 |
| 5 | Shreveport, LA | $137,970 | $101,816 | $120,114 |
| 6 | San Jose, CA | $199,040 | $131,343 | $118,945 |
| 7 | Spartanburg, SC | $153,610 | $108,199 | $118,833 |
| 8 | Fargo, ND | $142,040 | $106,840 | $117,573 |
| 26 | Memphis, TN | $134,220 | $103,005 | $111,745 |
*Take-home pay divided by the BEA price level, so every city is measured in U.S.-average dollars. See all 120 metros →
Pharmacist salaries elsewhere in Tennessee
- Chattanooga, TN — $132,240
- Knoxville, TN — $132,460
- Nashville, TN — $137,590
Frequently asked questions
How much does a pharmacist make in Memphis, TN?
The median pharmacist salary in the Memphis, TN-MS-AR metro area is $134,220 a year, or about $64.53 an hour, according to the Bureau of Labor Statistics (May 2025). The middle half earn between $126,490 and $153,250.
What is a pharmacist’s take-home pay in Memphis, TN?
On the median $134,220 salary, a single filer living in Tennessee takes home about $103,005 a year ($8,584 a month) after federal tax, Social Security, Medicare in 2026.
Is Memphis, TN a good place to work as a pharmacist?
Pay here is 5% below the national median of $140,910. Local prices are 7.8% below the U.S. average, so the take-home pay buys what $111,745 would in a typical U.S. city. Memphis, TN ranks #26 of 120 metro areas for cost-of-living-adjusted pay in this job.
Can a pharmacist afford rent in Memphis, TN?
HUD’s fair market rent for a one-bedroom in Memphis, TN is $1,137 a month ($1,263 for two bedrooms) — 13% of a median pharmacist’s monthly take-home pay. Financial planners usually suggest keeping rent under about 30%.
Related jobs in Memphis, TN
- Physicians, All Other — $239,200+
- Nurse Practitioner — $124,600
- Physical Therapist — $100,000
- Speech-Language Pathologist — $86,120
- Registered Nurse — $81,500
- Dental Hygienist — $78,580
- Paramedic — $66,830
- Respiratory Therapist — $66,460
- Radiologic Technologist and Technician — $66,320
- Clinical Laboratory Technologist and Technician — $64,000
- Surgical Technologist — $61,150
- Licensed Practical and Licensed Vocational Nurse — $59,140