Anesthesiologist Salary in Memphis, TN: $404,940 (2026)
Quick Answer:A full-time anesthesiologist in Memphis, TN earns a median $404,940/year (≈ $194.68/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-1211). Once you factor in Memphis's price level (8% below national, BEA RPP 91.8), that paycheck buys what $441,111 would nationally. Nominal pay sits 7.8% above the Tennessee state average.
Based on BLS state-level estimates · View source
In 2026, anesthesiologists in Memphis, Tennessee, can expect a median annual salary of $404,940, slightly below the national median of $409,107. The salary range is notable, spanning from $234,865 at the 10th percentile to $615,050 at the 90th percentile, reflecting differences in factors such as call burden and practice models. These projections are based on 2025 BLS data, with adjustments for local economic conditions. The disparity between the lower and upper ends of the salary spectrum in Memphis demonstrates the influence of case volume, subspecialty fellowships, and the specifics of W-2 employed versus 1099 partnership models. Understanding these dynamics is vital for anesthesiologists considering their career options in the region.
About the Memphis Market
Salary estimated from Tennessee average ($360,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $234,865 | $112.91 |
| Lower Range (P25) | $291,556 | $140.18 |
| Median (P50)(typical) | $404,940 | $194.68 |
| Upper Range (P75) | $518,323 | $249.19 |
| Top Earners (P90) | $615,050 | $295.69 |
Median Salary Position
1.02% below the national average
2026 Salary Percentile Distribution in Memphis
In Memphis, TN, the anesthesiologist salary spread from the 10th to 90th percentile is $380,185 (2026 est.). At $404,940, the local median is 1.02% below the national median of $409,107.
Salary Calculator
At 40 hours/week in Memphis: You'd be in the lower-middle range
How Memphis Anesthesiologist Pay Compares
Memphis median: $404,940/year (2026)
| Compared To | Median Salary | Memphis Pays |
|---|---|---|
| Tennessee Average | $375,640 | +7.80% more |
| National Average | $409,107 | -1.02% less |
Anesthesiologists in Memphis, TN earn a median of $404,940 per year (2026 est.), which is 1.02% lower than the national median of $409,107 and 7.80% above the Tennessee state average of $375,640.
Cost-of-Living Adjusted Salary
Memphis has a cost of living 8.20% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Memphis, TN has a cost-of-living index of 91.8 (below the national average of 100). A anesthesiologist earning $404,940 nominally has purchasing power equivalent to $441,111 in an average-cost city — an effective 8.93% boost.
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2019 BLS Actual
$297,561
2025 BLS Actual
$387,502
2026 Current Est.
$404,940
2019–2027 Growth
+42.2%
Salary Trajectory for Anesthesiologists in Memphis (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 4.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $297,561 | Actual |
| 2020 | $310,951 | Actual |
| 2021 | $324,944 | Actual |
| 2022 | $339,567 | Actual |
| 2023 | $354,847 | Actual |
| 2024 | $356,333 | Actual |
| 2025 | $387,502 | Actual |
| 2026(current) | $404,940 | Estimated |
| 2027 | $423,162 | Projected |
Based on 7 years of BLS OEWS data for the Memphis metropolitan area, the median anesthesiologist salary grew 30.2% from $297,561 (2019) to $387,502 (2025). At a 4.50% compound annual growth rate, salaries are projected to reach $423,162 by 2027 — a total increase of $125,601 (42.21%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Memphis metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 4.50% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $234,865 – $291,556 |
| 3-5 years (Mid Career) | $291,556 – $404,940 |
| 5+ years (Experienced) | $404,940 – $518,323 |
| 10+ years (Top Earner) | $518,323 – $615,050 |
ANES salary ranges estimated from BLS percentile data. Individual anesthesiologist compensation varies by employer, certifications, and specialization.
Anesthesiologist Job Market in Memphis
With 122 anesthesiologists currently employed in the area, Memphis's job market presents solid opportunities despite the relatively modest cost of living index of 91.8. This lower index can enhance purchase power, making the anesthesiologist pay in Memphis, TN, competitive for those seeking both stability and lifestyle. Top earners often find positions in major hospital systems or academic medical centers that tend to offer substantial compensation packages, including RVU bonuses. Those working in private group practices may access partnership tracks that further boost earnings potential. To maximize pay, anesthesiologists should explore opportunities that offer a favorable balance of case volume, call burden, and academic involvement, which collectively contribute to higher compensation within the local market.
More salary data for Memphis, TN:
Frequently Asked Questions
How much do anesthesiologists make in Memphis, TN in 2026?
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Can anesthesiologists make $100K in Memphis?
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Related Pages
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Written by Dr. Maria Chen, MD
Career Analyst
Dr. Chen has over 10 years of experience in anesthesiology. She specializes in perioperative care at a major metropolitan hospital.
Methodology & Data Source
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $387,502 for anesthesiologistsin the Memphis metropolitan area. A 4.50% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Memphis is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 4.50%, derived from historical BLS wage trends for anesthesiologists (SOC 29-1211).
Compiled and verified by Dr. Maria Chen, MD, a licensed anesthesiologist with 10+ years of clinical experience. · View source data at BLS.gov