Benchmark Salary Information
Rankings for Memphis
Compared to Tennessee
Memphis Psychology Teachers earn an average of $77,540 or $37.28 per hour which is 1% less than the Tennessee average salary of $78,840.
| Average | Memphis | Tennessee | % Difference |
|---|---|---|---|
| Hourly Wage | $37.28 | $37.90 | -1.65% |
| Annual Salary | $77,540 | $78,840 | -1.65% |
Compared to the U.S.
Memphis Psychology Teachers earn an average of $77,540 or $37.28 per hour which is 12% less than the U.S. average salary of $88,390.
| Average | Memphis | U.S. | % |
|---|---|---|---|
| Hourly Wage | $37.28 | $42.50 | -12.28% |
| Annual Salary | $77,540 | $88,390 | -12.28% |
Salary Adjusted for Cost-of-Living
When adjusted for cost-of-living, Psychology Teachers in Memphis earns an average annual salary of $83,628 which compares to the Tennessee average annual salary of $78,840. per year.
Cost-of-living in Memphis is 7% less than the Tennessee average, which means Memphis residents have an overall less cost for food, housing, utilities and transportation compared to Tennessee average.
| Location | Average Annual Wage | Cost of Living | Adjusted COL Wage |
|---|---|---|---|
| Memphis | $77,540 | 92.72% | $83,628 |
| Tennessee | $78,840 | 92.15% | $85,556 |
| U.S. | $88,390 | – | $88,390 |
Salary Ranges for Education and Experience
In Memphis, 50% of Psychology Teachers earn between $61,010 and $98,070 a year, depending on factors such as level of education, experience, location and place of employment.
About 10% of Psychology Teachers earn more than $99,150, which is a rate for highly skilled, experienced and educated Psychology Teachers.
Approximately 10% of Psychology Teachers earn under $44,150, a rate generally reserved for less experienced or entry level Psychology Teachers.
| Percent | Experience | Employed | Annual Salary |
|---|---|---|---|
| 10% | Less than a Year | 11 | Under $44,150 |
| 15% | 2 – 4 years | 16 | $44,150 – $61,010 |
| 25% | 5 – 9 years | 28 | $61,010 – $77,630 |
| 25% | 10 – 14 years | 28 | $77,630 – $98,070 |
| 15% | 15 – 20 years | 16 | $77,630 – $99,150 |
| 10% | 20+ years | 11 | Above $99,150 |
Salary Compared to Related Professions
With an average annual salary of $77,540, Memphis Psychology Teachers tend to earn less than Clinical and Counseling Psychologists ($118,390), and Forensic Psychologists ($83,140).
However, Psychology Teachers tend to earn more than Substance Abuse Counselors ($42,390), Marriage and Family Therapists ($44,100), Social Workers ($45,750), Health Care Social Workers ($55,480), and School Psychologists ($76,740).
| Title | Annual Salary |
|---|---|
| Clinical and Counseling Psychologists | $118,390 |
| Forensic Psychologists | $83,140 |
| Psychology Teachers | $77,540 |
| School Psychologists | $76,740 |
| Health Care Social Workers | $55,480 |
| Social Workers | $45,750 |
| Marriage and Family Therapists | $44,100 |
| Substance Abuse Counselors | $42,390 |
FAQ for Memphis Psychology Teachers
Additional Salary Reports for Psychology Teachers in Tennessee cities and Metros and U.S. States.
Official Data Sources for Psychology Teachers: Salary Data | Projected Employment | Cost of Living Data