Market Research Analyst Salary in Memphis, TN: $64,442 (2024)
Official 2024 BLS Data | $30.98/hour | $42,930 - $93,432 range
Median Annual Salary
$64,442
Hourly Rate
$30.98
/hour
Jobs in Area
497
employed
Compare to Other Cities
See All →Memphis, TN
$64,442
San Jose, CA
$101,093
in San Jose, CA
Market Research Analyst Salary Range in Memphis, TN
Annual Salary Range
$43k
10th percentile
$53k
25th
$76k
75th
$93k
90th percentile
Salary Breakdown by Percentile
| Percentile | Annual Salary | Hourly Rate |
|---|---|---|
| 10th Percentile (Entry Level) | $42,930 | $20.64 |
| 25th Percentile | $52,664 | $25.32 |
| Median (50th Percentile) | $64,442 | $30.98 |
| 75th Percentile | $75,791 | $36.44 |
| 90th Percentile (Top Earners) | $93,432 | $44.92 |
| Average (Mean) | $69,278 | $33.31 |
Market Research Analyst Market Insights for Memphis, TN
Compensation Overview
Market Research Analyst compensation in Memphis, TN aligns with regional expectations. The salary range from $42,930 to $93,432 provides a clear picture of earning potential at different career stages.
Local Market Context
Memphis, TN offers a lower cost of living compared to major coastal metros, meaning your salary stretches further here. Many professionals find that moderate salaries in Tennessee provide comparable or better quality of life than higher-paying positions in expensive cities.
Cost of Living Impact
After adjusting for local cost of living, your effective purchasing power is approximately 14% higher than the nominal salary suggests. This means Memphis, TN offers strong real earning potential for this role.
Career Outlook
The Market Research Analyst profession offers diverse career opportunities across industries. Professional development and continuous learning are key factors in advancing within this field. With a 118% salary range from entry-level to top earners, there is substantial room for financial growth as you advance in your career.
Tips for Increasing Your Salary
- •Develop specialized expertise to command higher compensation—top earners make 45% more than median salaries
- •Build a professional network through industry associations and local business groups
- •Pursue relevant certifications or advanced education to demonstrate expertise
-14%
vs National Avg
-18%
vs State Avg
118%
Salary Range
497
Jobs in Area
Career Path & Salary Progression
Typical Market Research Analyst salary growth in Memphis, TN based on experience level.
Entry Level
0-2 years10th percentile
$42,930
/year
Early Career
2-5 years25th percentile
$52,664
/year
Mid Career
5-10 years50th percentile
$64,442
/year
Senior
10-15 years75th percentile
$75,791
/year
Expert
15+ years90th percentile
$93,432
/year
Note: Career progression and salary growth vary based on company size, industry, skills, and performance. These estimates use percentile data from the BLS as a general guide for typical career paths.
Market Research Analyst Job Market in Memphis, TN
Where Market Research Analysts Work
Market Research Analysts work across multiple industries including corporations, government agencies, healthcare organizations, and consulting firms. Each sector offers different compensation structures and career trajectories.
Local Employment Landscape
Employment in this occupation is more limited in Memphis, TN compared to larger metros. Professionals may find opportunities concentrated among fewer employers, making employer research and networking particularly valuable.
Types of Employers Hiring
Large Corporations
Typically offer comprehensive benefits, structured advancement, and competitive base salaries with bonus potential
Small to Medium Businesses
May provide more responsibility earlier in your career, flexible work arrangements, and equity opportunities
Government Agencies
Known for job security, excellent benefits packages, pension plans, and work-life balance
Professional Services Firms
Provide client exposure, rapid skill development, and often above-market compensation for top performers
Skills That Increase Earning Potential
Job Search Strategy for Memphis, TN
- •Research major employers in the Memphis area and follow them on LinkedIn for job alerts
- •Join local professional associations for networking and job leads specific to Tennessee
- •Tailor your salary expectations based on the Memphis, TN market rate of $64,442
- •Consider roles at varying experience levels—entry positions start at $42,930 in this market
Market Research Analyst Career Overview in Memphis, TN
The job market for Market Research Analysts in Memphis, TN is emerging, with approximately 497 professionals employed across the metropolitan area. This represents a growing presence of Market Research Analyst positions, reflecting the region's economic base and employer diversity in Memphis, TN. While salaries run about 14% below the national median, the lower cost of living in Memphis, TN helps offset the gap in real purchasing power.
Memphis, TN's diverse economy supports business & finance roles across multiple sectors including healthcare, education, government, technology, manufacturing, and professional services. Major employers in Tennessee range from large corporations and hospital systems to mid-size regional firms and growing startups. This employer diversity provides career stability and mobility, as professionals can advance their careers without necessarily relocating. The mix of public and private sector opportunities also creates varied compensation structures, with some employers offering lower base salaries but stronger benefits and job security.
The growth outlook for Market Research Analyst positions in Memphis, TN is projected to remain stable with opportunities tied to local economic growth and industry trends. With 497 current positions and a median salary of $64,442, the market provides a solid foundation for career development. Professionals who invest in continuing education and stay current with industry developments position themselves for both job security and upward salary mobility. The combination of Memphis, TN's economic trajectory and broader industry trends suggests that qualified Market Research Analysts will continue to find opportunities in this market over the coming years.
One of Memphis, TN's strongest advantages for Market Research Analysts is the favorable cost of living (index: 87.8). The median salary of $64,442 delivers approximately $73,396 in purchasing power when adjusted for local costs. This enhanced buying power means professionals here can often achieve a higher quality of life, build savings faster, and invest more compared to counterparts in expensive coastal metros who earn nominally higher salaries. For Market Research Analysts who can work remotely or find comparable roles locally, this market offers compelling financial advantages.
The Business & Finance field in Memphis, TN benefits from the region's broader economic ecosystem. Local industry associations, professional networking groups, and continuing education opportunities through area universities and community colleges help Market Research Analysts stay connected and advance their careers. Tennessee's business incentive programs and workforce development initiatives also play a role in attracting employers and creating positions. For Market Research Analysts early in their career, Memphis, TN offers the chance to build a professional network in a market where individual contributions are often more visible than in the largest metros, potentially accelerating career progression.
Market Research Analyst Compensation Deep Dive in Memphis, TN
The salary range for Market Research Analysts in Memphis, TN spans from $42,930 at the entry level (10th percentile) to $93,432 for top earners (90th percentile), a spread of $50,502. This 118% differential reflects the significant impact that experience, specialization, credentials, and employer type have on compensation in this field. The median salary of $64,442 sits at the midpoint of the market, representing what a Market Research Analyst with moderate experience and standard qualifications can expect. The 25th percentile ($52,664) typically corresponds to early-career professionals with 1-3 years of experience, while the 75th percentile ($75,791) reflects seasoned professionals with specialized skills or management responsibilities.
Base salary tells only part of the compensation story for Market Research Analysts in Memphis, TN. Total compensation packages commonly include health insurance (valued at $6,000-$15,000 annually for employer contributions), retirement plan matching (typically 3-6% of salary, worth $2,578 per year at the median), paid time off (averaging 15-20 days), and in some cases performance bonuses, stock options, or professional development allowances. When evaluating job offers, Market Research Analysts should request a total compensation breakdown. A position paying $52,664 with strong benefits may deliver more value than one paying $64,442 with minimal perks.
Cost of living directly impacts how far a Market Research Analyst's salary goes in Memphis, TN. With a local cost-of-living index of 87.8 (where 100 equals the national average), the median salary of $64,442 provides purchasing power equivalent to approximately $73,396 in an average-cost U.S. city. This favorable cost structure means Market Research Analysts in Memphis, TN enjoy more disposable income than the base salary suggests. Housing, groceries, and services all cost less here, amplifying the value of each dollar earned.
Negotiating Market Research Analyst compensation in Memphis, TN requires market awareness. The gap between the 25th and 75th percentiles ($52,664 to $75,791) represents the most common negotiation range. Candidates with in-demand certifications, niche expertise, or competing offers have the strongest leverage. In this market, there may be room to push offers closer to national benchmarks, especially for candidates willing to reference out-of-market salary data. Asking for a salary review after 6-12 months, signing bonuses, or additional PTO are effective alternatives when base salary flexibility is limited. On an hourly basis, Market Research Analysts in this market earn between $21 and $45 per hour, with the median at $31.
Market Research Analyst Career Path & Growth in Memphis, TN
The career trajectory for Market Research Analysts in Memphis, TN shows significant earning potential over time. Entry-level professionals start around $42,930, while top earners reach $93,432, representing a 2.2x increase from start to peak. This progression typically unfolds over 10-20 years and is driven by accumulating expertise, taking on leadership responsibilities, developing specializations, and building a professional reputation. In Memphis, TN's business & finance market, professionals who demonstrate consistent performance improvements and take on increasingly complex projects advance most quickly. Mid-career transitions into management, consulting, or entrepreneurship can also accelerate earnings beyond the standard progression curve.
Market Research Analysts in Memphis, TN who are exploring career pivots or complementary roles should consider positions such as related professionals in the same field, supervisory roles, and cross-functional positions. These adjacent occupations often share transferable skills and can offer different compensation structures, work environments, or growth trajectories. In Memphis, TN's job market, professionals who develop cross-functional capabilities spanning multiple related roles tend to be more resilient to market shifts and better positioned for leadership opportunities. Lateral moves can also provide valuable perspective that strengthens a professional's long-term career trajectory.
The skills most in demand for Market Research Analysts in Memphis, TN include industry-specific technical competencies, communication and collaboration skills, analytical thinking, and adaptability to new tools and processes. Employers in Memphis, TN value professionals who combine deep subject-matter expertise with the ability to work effectively across teams and adapt to evolving industry requirements. Pursuing relevant professional certifications can provide a measurable salary boost of 5-15% and signal commitment to the field. Continuous learning through industry conferences, online courses, and professional associations helps Market Research Analysts stay competitive in Memphis, TN's evolving job market.
More Questions About Market Research Analyst Salaries in Memphis, TN
What is the starting salary for a Market Research Analyst in Memphis, TN?
Entry-level Market Research Analysts in Memphis, TN (10th percentile) earn approximately $42,930 per year, or about $3,578 per month. The 25th percentile, representing early-career professionals with some experience, earns $52,664. These figures reflect base salary only; new hires may also receive benefits worth an additional 20-30% of base pay. Building specialized skills and pursuing relevant certifications are the fastest paths to moving beyond entry-level compensation.
How much do experienced Market Research Analysts make in Memphis, TN?
Experienced Market Research Analysts at the 75th percentile earn $75,791 annually in Memphis, TN, while top earners at the 90th percentile make $93,432. The jump from median ($64,442) to 75th percentile represents a 18% increase, typically achieved through 5-10 years of experience, management responsibilities, or specialized expertise. Senior professionals who combine technical depth with leadership skills are best positioned for top-tier compensation.
Is Memphis, TN a good city for Market Research Analysts?
Memphis, TN pays below the national average, but the lower cost of living helps offset the difference. With 497 Market Research Analyst positions in the metro area, the market is smaller but can offer less competition and more personal career development. Quality of life, industry presence, and long-term career trajectory should all factor into your evaluation alongside salary data.
How does Market Research Analyst pay in Memphis, TN compare to the national average?
The median Market Research Analyst salary in Memphis, TN is $64,442, which is 14% lower than the national median of $74,680. After adjusting for cost of living, the effective purchasing power is $73,396, which provides a more accurate comparison. Within Tennessee, Memphis, TN ranks below some peer metros for this occupation.
What benefits do Market Research Analysts typically receive in Memphis, TN?
Beyond base salary, Market Research Analysts in Memphis, TN typically receive health insurance (medical, dental, vision), retirement contributions (401k matching of 3-6%), paid time off (15-25 days annually), and sometimes performance bonuses or profit sharing. The total value of benefits often adds 25-35% on top of base salary, meaning a Market Research Analyst earning the median of $64,442 may receive total compensation of $83,775 or more. Some employers also offer tuition reimbursement, professional development budgets, flexible work arrangements, and wellness programs.
What skills are most in demand for Market Research Analysts in Memphis, TN?
Market Research Analysts in Memphis, TN who command the highest salaries typically combine core technical competencies with strong communication skills, analytical thinking, adaptability, and a commitment to professional development. Employers in this market particularly value professionals who can demonstrate measurable impact, whether through revenue generation, cost savings, process improvements, or team leadership. Certifications relevant to the Business & Finance field can increase earning potential by 5-15%. Staying current with industry trends and emerging technologies is essential for career advancement and salary growth.
Frequently Asked Questions
The median market research analyst salary in Memphis, TN is $64,442 per year ($30.98/hour) as of 2026. This is based on official U.S. Bureau of Labor Statistics data. Salaries range from $42,930 for entry-level positions to $93,432 for experienced professionals in the top 10%.
Entry-level market research analysts in Memphis, TN typically start at around $42,930 per year ($20.64/hour), representing the 10th percentile. New graduates and those with less than 2 years of experience fall into this range. With experience and skill development, salaries can progress to the median of $64,442 within 3-5 years.
Market Research Analysts in Memphis, TN earn a median hourly wage of $30.98 per hour. Hourly rates range from $20.64/hour at entry-level (10th percentile) to $44.92/hour for top earners (90th percentile). Based on a standard 2,080-hour work year, this translates to annual salaries between $42,930 and $93,432.
The median market research analyst salary of $64,442 in Memphis, TN is below the national median of $74,680 (13.7% lower). Plus, the cost of living is 12% below the national average, stretching your salary further. This salary places you at the 50th percentile, meaning half of market research analysts in the area earn more and half earn less.
Market Research Analysts in Memphis, TN earn below the national average. The local median salary of $64,442 is 13.7% lower than the national median of $74,680. Plus, the cost of living is 12% below the national average, stretching your salary further. When adjusted for cost of living, the effective salary is approximately $73,396.
The top 10% of market research analysts in Memphis, TN earn $93,432 or more per year ($44.92/hour). These top earners typically have 10+ years of experience, advanced certifications, specialized expertise, or hold senior/management positions. The 75th percentile earns $75,791, which is a realistic goal for mid-career professionals.
Key skills that can boost market research analyst salary in Memphis, TN include: Strong communication and interpersonal abilities, Problem-solving and critical thinking, Technical proficiency relevant to the field, Attention to detail and organizational skills. Professionals with these skills often earn above the median of $64,442, potentially reaching the 75th percentile ($75,791) or higher. Years of relevant experience
Memphis, TN has a specialized job market for market research analysts, with approximately 497 professionals employed in the area. The median salary of $64,442 is below the national average. Plus, the cost of living is 12% below the national average, stretching your salary further. Job seekers should consider both salary and local industry demand when evaluating opportunities.
Compare your market research analyst salary to these Memphis, TN benchmarks: 10th percentile (entry-level): $42,930, 25th percentile: $52,664, 50th percentile (median): $64,442, 75th percentile: $75,791, 90th percentile (top earners): $93,432. If you earn more than $64,442, you're above average for the area.
Beyond the $64,442 median base salary, market research analysts in Memphis, TN typically receive comprehensive benefits including health insurance (medical, dental, vision), retirement plans (401k with employer matching), paid time off (15-25 days), and potentially bonuses or profit-sharing. Total compensation including benefits typically adds 25-40% to base salary value.
Experienced market research analysts with 5-10 years in Memphis, TN typically earn $75,791 (75th percentile) to $93,432 (90th percentile) per year. Senior professionals with 10+ years, certifications, or management roles can reach the top 10% at $93,432. Mid-career professionals (3-5 years) usually earn around the median of $64,442.
Market Research Analysts in Memphis, TN can see significant salary growth over their careers. Entry-level ($42,930) to median ($64,442) typically takes 3-5 years. Reaching the 90th percentile ($93,432) may take 10+ years and often requires specialized skills, certifications, or leadership experience. That's a potential growth of $50,502 over a career.
Data Source & Methodology
Official government statistics you can trust
U.S. Bureau of Labor Statistics
Occupational Employment and Wage Statistics (OEWS) Program
Visit Official BLS WebsiteData Year
2024
2 Years Old
Geographic Area
Memphis
Metropolitan Statistical Area
Occupation Code
13-1161
SOC Classification
Sample Size
497
Employees Surveyed
How This Data Is Collected
The OEWS program produces employment and wage estimates annually for over 800 occupations across all metropolitan and nonmetropolitan areas. Approximately 1.1 million establishments are surveyed over a three-year period, representing the most comprehensive wage data available for the U.S. labor market.
Note: Percentile wages represent actual reported wages and may differ from individual compensation packages that include benefits, bonuses, and equity.
Last updated: January 23, 2026
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Market Research Analyst in Memphis, TN
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Median: $64,442/yr
How Memphis, TN Compares
vs National Average
$74,680
vs Tennessee Average
$78,708
Cost-of-Living Adjusted
$73,396
Cost of living in Memphis, TN is 12.2% below the national average.
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