Retail Manager Salary in Memphis, TN: $43,344 (2026)

Retail Manager Pay in Memphis: What to Expect (2026)

Memphis offers a median retail manager salary of $43,344, which is $1,512 below the Tennessee state average of $44,856. Compared to the national median of $50,400, 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 $43,344 salary stretches further here — equivalent to roughly $50,400 in an average-cost city. This makes Memphis an attractive option for retail managers seeking strong real-dollar compensation.

The salary range for retail managers in Memphis spans from $25,800 at the 10th percentile to $79,120 at the 90th percentile — a $53,320 spread. Entry-level professionals start around $27,520, while senior retail managers with 8+ years of experience can earn up to $73,100. 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.

Retail Manager Salary in Memphis by Experience

In Memphis, an entry-level retail manager earns around $27,520, while experienced professionals earn up to $73,100 per year. The local cost of living index is 86% of the national average.

Entry Level (0-2 yrs)

$27,520

$-4,480 vs national

Mid Level (3-7 yrs)

$44,720

$-7,280 vs national

Senior Level (8+ yrs)

$73,100

$-11,900 vs national

Percentile	Memphis	TN State	National
10th Percentile	$25,800	$26,700	$30,000
25th Percentile	$32,680	$33,820	$38,000
Median (50th)	$43,344	$44,856	$50,400
75th Percentile	$60,200	$62,300	$70,000
90th Percentile	$79,120	$81,880	$92,000

Percentile

Memphis

10th Percentile

$25,800

25th Percentile

$32,680

Median (50th)

$43,344

75th Percentile

$60,200

90th Percentile

$79,120

How to Become a Retail Manager in Memphis

Education

Most retail manager positions require a high school diploma. Memphis and the surrounding Tennessee area have institutions offering relevant programs.

Key Skills

Retail ManagementSalesInventory ManagementCustomer ServiceStaff TrainingVisual Merchandising

Job Outlook

Nationally, retail manager employment is projected to grow 1% over the next decade (slower than average). Demand in Memphis may vary based on local industry and population growth.

Frequently Asked Questions: Retail Manager Salary in Memphis

How much does a Retail Manager make in Memphis, TN? ▼

The median retail manager salary in Memphis, Tennessee is $43,344 per year, which is 14% below the national median of $50,400. Salaries range from $25,800 (10th percentile) to $79,120 (90th percentile).

How much does a Retail Manager make per hour in Memphis? ▼

Based on the median annual salary of $43,344, a retail manager in Memphis earns approximately $21 per hour assuming a standard 2,080-hour work year.

How does Memphis compare to the Tennessee state average for retail manager pay? ▼

Memphis's median retail manager salary of $43,344 is 3.4% below the Tennessee state average of $44,856. The local cost of living index is 86% of the national average.

What is the cost of living in Memphis, TN? ▼

Memphis has a cost of living index of 86% compared to the national average. This means a retail manager salary of $43,344 in Memphis has more purchasing power than the same salary in an average-cost city.

What qualifications do I need to become a retail manager in Memphis? ▼

Most retail manager positions in Memphis require a high school diploma. Key skills include Retail Management, Sales, Inventory Management, Customer Service. The job market is projected to grow 1% nationally over the next decade.

Retail Manager Salary in Memphis, Tennessee