Radiologist Salary in Memphis, TN: $474,933 (2026)
Quick Answer:A full-time radiologist in Memphis, TN earns a median $474,933/year (≈ $228.33/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-1224). Once you factor in Memphis's price level (8% below national, BEA RPP 91.8), that paycheck buys what $517,356 would nationally. Nominal pay sits 7.8% above the Tennessee state average.
Based on BLS state-level estimates · View source
In Memphis, Tennessee, the projections for radiologist pay in 2026 indicate a median annual salary of $474,933, reflecting a notable increase compared to national figures. The salary range for radiologists in the area runs from $275,461 at the 10th percentile to $716,009 at the 90th percentile, representing a robust market for both general diagnostic radiologists and those in interventional radiology. Given the city's cost of living index of 91.8, which is below the national average, radiologists in Memphis are uniquely positioned to enjoy a higher degree of purchasing power relative to their compensation. The mixed subspecialty demands in the region also contribute to a highly competitive market, shaping the dynamics of radiologist salaries as practices adjust to the demands of diverse imaging needs.
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) | $275,461 | $132.44 |
| Lower Range (P25) | $341,951 | $164.40 |
| Median (P50)(typical) | $474,933 | $228.33 |
| Upper Range (P75) | $594,118 | $285.63 |
| Top Earners (P90) | $716,009 | $344.23 |
Median Salary Position
7.47% above the national average
2026 Salary Percentile Distribution in Memphis
In Memphis, TN, the radiologist salary spread from the 10th to 90th percentile is $440,548 (2026 est.). At $474,933, the local median is 7.47% above the national median of $441,903.
Salary Calculator
At 40 hours/week in Memphis: You'd be in the lower-middle range
How Memphis Radiologist Pay Compares
Memphis median: $474,933/year (2026)
| Compared To | Median Salary | Memphis Pays |
|---|---|---|
| Tennessee Average | $440,569 | +7.80% more |
| National Average | $441,903 | +7.47% more |
Radiologists in Memphis, TN earn a median of $474,933 per year (2026 est.), which is 7.47% higher than the national median of $441,903 and 7.80% above the Tennessee state average of $440,569.
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 radiologist earning $474,933 nominally has purchasing power equivalent to $517,356 in an average-cost city — an effective 8.93% boost.
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2021 BLS Actual
$372,122
2025 BLS Actual
$452,317
2026 Current Est.
$474,933
2021–2027 Growth
+34.0%
Salary Trajectory for Radiologists in Memphis (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 5.00% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $372,122 | Actual |
| 2022 | $390,728 | Actual |
| 2023 | $410,265 | Actual |
| 2024 | $356,333 | Actual |
| 2025 | $452,317 | Actual |
| 2026(current) | $474,933 | Estimated |
| 2027 | $498,679 | Projected |
Based on 5 years of BLS OEWS data for the Memphis metropolitan area, the median radiologist salary grew 21.6% from $372,122 (2021) to $452,317 (2025). At a 5.00% compound annual growth rate, salaries are projected to reach $498,679 by 2027 — a total increase of $126,557 (34.01%) from 2021.
Note: Historical values (2021–2025) 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 5.00% CAGR derived from 5-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) | $275,461 – $341,951 |
| 3-5 years (Mid Career) | $341,951 – $474,933 |
| 5+ years (Experienced) | $474,933 – $594,118 |
| 10+ years (Top Earner) | $594,118 – $716,009 |
MD, DO salary ranges estimated from BLS percentile data. Individual radiologist compensation varies by employer, certifications, and specialization.
Radiologist Job Market in Memphis
Looking deeper into the local job market, Memphis employs around 122 radiologists, which underscores a stable demand for imaging professionals in the region. The competitive salaries are influenced by various factors, including the distinction between private radiology group practices and hospital employment structures. Typically, those in private partnerships can expect to earn significantly more, particularly with high RVU productivity rates and subspecialty variations, where interventional radiologists may command premiums due to their specialized skills. Additionally, teleradiology opportunities create avenues for supplemental income, especially for those willing to take on night-shift roles. To maximize their earning potential, radiologists in Memphis might consider partnerships with equity stakes, explore subspecialty training, and be open to additional coverage roles that can enhance overall compensation.
More salary data for Memphis, TN:
Frequently Asked Questions
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Related Pages
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Written by Dr. Maria Chen, MD
Career Analyst
Dr. Chen has 10 years of experience in diagnostic radiology. She specializes in imaging techniques for oncology. She works at a regional medical center.
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 $452,317 for radiologistsin the Memphis metropolitan area. A 5.00% 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 5.00%, derived from historical BLS wage trends for radiologists (SOC 29-1224).
Compiled and verified by Dr. Maria Chen, MD, a licensed radiologist with 10+ years of clinical experience. · View source data at BLS.gov