Pharmacy Degree in Memphis, TN — Salary & ROI 2026
Pharmacy degree analysis for Memphis, TN. COL-adjusted salary data, local tuition costs, ROI calculator, and job market outlook.
Starting Salary
$47K
COL-adjusted
Mid-Career
$116K
COL-adjusted
ROI Payback
6.9 yrs
in Memphis
Cost of Living
93
index (100 = avg)
Pharmacy 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. Although national enrollment in Pharmacy has been declining, graduates with skills in Pharmacology and Drug Interactions remain competitive in the job market. The adjusted starting salary in Memphis is approximately $46,500, growing to $116,250 by mid-career.
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%
Pharmacy Salary in Memphis (COL-Adjusted)
Salaries adjusted for Memphis's cost of living index of 93 (national average = 100).
Note: National average Pharmacy salary: $50,000 starting, $125,000 mid-career, $140,000 senior level.Memphis adjustment factor: 0.93x based on the local cost of living index.
Pharmacy ROI Calculator for Memphis
Estimate your return on investment for a Pharmacy 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
$13,950
vs HS diploma in Memphis
ROI Payback Period
6.9 years
to break even
Lifetime Return in Memphis
$787,172
Lifetime earnings premium ($883,500) minus total education cost ($96,328)
Student Loan Payoff for Pharmacy in Memphis
Standard Plan (10 years)
Aggressive Plan (5 years)
Colleges in Memphis for Pharmacy
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 Pharmacy in Memphis
Memphis offers opportunities in Hospitals, Medical centers, Private practices for Pharmacy graduates. National top employers in this field include:
Key Memphis Hiring Sectors for Healthcare
Hospitals
Medical centers
Private practices
Health systems
Pharma companies
Common Pharmacy Job Titles
Pharmacy in Nearby Tennessee Cities
Nashville, TN
$46K starting · COL 92
35 colleges
Knoxville, TN
$43K starting · COL 85
5 colleges
Chattanooga, TN
$40K starting · COL 80
5 colleges
Clarksville, TN
$45K starting · COL 90
9 colleges
Murfreesboro, TN
$46K starting · COL 91
10 colleges
Franklin, TN
$59K starting · COL 118.5
4 colleges
Jackson, TN
$41K starting · COL 82.5
3 colleges
Johnson City, TN
$53K starting · COL 105
6 colleges
Other Healthcare Majors in Memphis
Health Informatics
$47K starting · 3.8 yr ROI
Nursing
$63K starting · 3.2 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
Pharmacy 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 Pharmacy ROI in other cities, or explore other majors in Memphis.