Property Manager Salary in Memphis, Tennessee
The median property manager salary in Memphis, TN is $52,176 per year, which is 14% below the national median and 3.4% below the Tennessee state average.
Property Manager Pay in Memphis: What to Expect (2026)
Memphis offers a median property manager salary of $52,176, which is $1,820 below the Tennessee state average of $53,996. Compared to the national median of $60,670, Memphis pays below the national benchmark for this role.
One of Memphis's biggest advantages is its low cost of living at 86% of the national average. This means the $52,176 salary stretches further here — equivalent to roughly $60,670 in an average-cost city. This makes Memphis an attractive option for property managers seeking strong real-dollar compensation.
The salary range for property managers in Memphis spans from $29,240 at the 10th percentile to $96,320 at the 90th percentile — a $67,080 spread. Entry-level professionals start around $32,680, while senior property managers with 8+ years of experience can earn up to $90,300. As a major metro area with a population of 633,104, Memphis typically offers more job opportunities and employer competition, which can drive salaries higher.
Property Manager Salary in Memphis by Experience
In Memphis, an entry-level property manager earns around $32,680, while experienced professionals earn up to $90,300 per year. The local cost of living index is 86% of the national average.
Salary Percentiles in Memphis, TN
| Percentile | Memphis |
|---|---|
| 10th Percentile | $29,240 |
| 25th Percentile | $37,840 |
| Median (50th) | $52,176 |
| 75th Percentile | $73,100 |
| 90th Percentile | $96,320 |
Property Manager Salary in Other Tennessee Cities
How to Become a Property Manager in Memphis
Education
Most property manager positions require a high school diploma. Memphis and the surrounding Tennessee area have institutions offering relevant programs.
Key Skills
Job Outlook
Nationally, property manager employment is projected to grow 3% over the next decade (as fast as average). Demand in Memphis may vary based on local industry and population growth.
Find Property Manager Jobs in Memphis
Browse open property manager positions in Memphis, TN: