Nursing Degree in Memphis, TN — Salary & ROI 2026
Nursing degree analysis for Memphis, TN. COL-adjusted salary data, local tuition costs, ROI calculator, and job market outlook.
Starting Salary
$63K
COL-adjusted
Mid-Career
$76K
COL-adjusted
ROI Payback
3.1 yrs
in Memphis
Cost of Living
93
index (100 = avg)
Nursing in Memphis, TN Overview
Memphis is one of Tennessee's top college towns, with 22 institutions and a student population of 42,935. Public tuition averages $9,944/year here — well below the national average, making it a cost-effective choice. Nursing has seen growing enrollment nationally, reflecting rising employer demand for Patient Care and Clinical Assessment skills. The adjusted starting salary in Memphis is approximately $63,240.
Category
Healthcare
Local Colleges
22
Public Tuition
$9,944/yr
Private Tuition
$44,033/yr
Room & Board
$14,138/yr
Avg Fin. Aid
$10,619/yr
Unemployment
3%
Graduation Rate
72%
Nursing Salary in Memphis (COL-Adjusted)
Salaries adjusted for Memphis's cost of living index of 93 (national average = 100).
Note: National average Nursing salary: $68,000 starting, $82,000 mid-career, $95,000 senior level.Memphis adjustment factor: 0.93x based on the local cost of living index.
Nursing ROI Calculator for Memphis
Estimate your return on investment for a Nursing degree using local Memphis tuition and cost of living data.
Public avg: $9,944 | Private avg: $44,033
Memphis avg aid: $10,619/yr
Federal avg: 6.5% | Private: 4-14%
Total Education Cost
$96,328
tuition + room & board - aid
Annual Earnings Premium
$30,690
vs HS diploma in Memphis
ROI Payback Period
3.1 years
to break even
Lifetime Return in Memphis
$554,672
Lifetime earnings premium ($651,000) minus total education cost ($96,328)
Student Loan Payoff for Nursing in Memphis
Standard Plan (10 years)
Aggressive Plan (5 years)
Colleges in Memphis for Nursing
University of Memphis
public
$9,944/yr
$39,776 total
Rhodes College
private
$52,366/yr
$209,464 total
Christian Brothers University
private
$35,700/yr
$142,800 total
Community Colleges (2-Year Transfer)
Southwest Tennessee Community College
$4,464/yr
Top Employers for Nursing in Memphis
Memphis offers opportunities in Hospitals, Medical centers, Private practices for Nursing graduates. National top employers in this field include:
Key Memphis Hiring Sectors for Healthcare
Hospitals
Medical centers
Private practices
Health systems
Pharma companies
Common Nursing Job Titles
Nursing in Nearby Tennessee Cities
Nashville, TN
$63K starting · COL 92
35 colleges
Knoxville, TN
$58K starting · COL 85
5 colleges
Chattanooga, TN
$54K starting · COL 80
5 colleges
Clarksville, TN
$61K starting · COL 90
9 colleges
Murfreesboro, TN
$62K starting · COL 91
10 colleges
Franklin, TN
$81K starting · COL 118.5
4 colleges
Jackson, TN
$56K starting · COL 82.5
3 colleges
Johnson City, TN
$71K starting · COL 105
6 colleges
Other Healthcare Majors in Memphis
Pharmacy
$47K starting · 3.5 yr ROI
Health Informatics
$47K starting · 3.8 yr ROI
Healthcare Administration
$47K starting · 4 yr ROI
Occupational Therapy
$47K starting · 3.8 yr ROI
Dental Hygiene
$47K starting · 3 yr ROI
Speech-Language Pathology
$47K starting · 4.2 yr ROI
Public Health
$47K starting · 5.2 yr ROI
Radiologic Technology
$47K starting · 3 yr ROI
Nursing Degree in Memphis — FAQ
Data Sources: Salary data from BLS Occupational Outlook Handbook. Cost of living from BLS Regional Data. College data from NCES/IPEDS. Updated March 2026.
Explore More
Compare Nursing ROI in other cities, or explore other majors in Memphis.