NP salary in Memphis
The median nurse practitioner in the Memphis metro earns approximately $99,000 per year. The range typically runs from about $84,000 at the 25th percentile to $117,000 at the 75th percentile, with the 10th percentile near $77,000 and the 90th percentile near $131,000. These figures reflect NP-only roles across primary care, hospital, and specialty settings. Sub-specialty NPs (psychiatric mental health, acute care, neonatal) consistently earn 12 to 25 percent above the metro median.
Adjusted for the Memphis cost of living index of 84 (national average = 100), the $99,000 median is equivalent to roughly $118,000 in a city at the national-average cost of living. That number matters more than the headline salary when comparing offers across metros, especially for NPs deciding between a higher-paying coastal city and a lower-cost market with comparable real take-home.
Top NP programs near Memphis
NP students in Memphis have access to a mix of in-person and online programs within a 60-mile radius. The most-applied-to programs include:
- University of Tennessee Health Science Center — one of the most-applied-to NP programs serving the Memphis metro. Strong clinical placement support and a track record of placing graduates in the Methodist Le Bonheur system.
- Frontier Nursing University — online MSN and DNP programs accepting students from Memphis, with a long-running clinical placement model that pairs students with local preceptors.
- Walden University — online MSN-FNP and DNP options that serve a large cohort of working RNs in Memphis.
- Western Governors University — competency-based MSN program that lets Memphis-based RNs accelerate at their own pace.
- Chamberlain University — online and hybrid NP options with fixed-cost-per-credit pricing, popular with RNs already employed by major Memphis systems.
Total cost varies widely. In-person programs at flagship state universities near Memphis typically run $35,000 to $60,000 per year. Online MSN programs run $30,000 to $55,000 total. DNP programs run two to three years and add another $25,000 to $50,000 over the MSN baseline.
Major employers hiring NPs in Memphis
The largest healthcare employers in the Memphis metro hiring nurse practitioners include:
- Methodist Le Bonheur — the dominant health system in the Memphis metro and the single largest employer of NPs locally. Common settings: hospitalist, primary care, specialty clinics, urgent care.
- Federally Qualified Health Centers (FQHCs) and community health centers serving Memphis — eligible employers for NHSC loan repayment and frequently the path to PSLF qualification.
- Veterans Affairs (VA) facilities serving Tennessee — federal employer status, qualifying for PSLF and competitive benefits.
- Major retail and corporate health employers including CVS MinuteClinic, Walgreens Health, One Medical, and Optum — growing share of NP roles in Memphis, often with rapid hiring cycles.
- Telehealth-only platforms hiring NPs licensed in Tennessee (Hims, Ro, Teladoc, Talkiatry for psych) — remote roles paying competitively but typically without PSLF eligibility.
Cost of living context for Memphis NPs
An NP household in Memphis typically spends the following per month at a baseline standard of living. These are estimates for a one-bedroom unit in a moderate neighborhood plus typical NP-household expenses:
- Rent (1BR median): $1,080/month
- Groceries (one adult, modest cooking habits): $460/month
- Transportation (one car, typical commute): $130/month
- Utilities (electric, water, internet): $110/month
- Health, fitness, personal care: $190/month
- Discretionary and miscellaneous: $190/month
Total monthly burn: approximately $2,160. Annualized, that is $25,920 per year before student loan payments, retirement contributions, or family expenses. With a median NP salary of $99,000 and roughly $69,300 in take-home after federal, state, and FICA, that leaves a meaningful but not dramatic surplus once a typical $700 to $1,400/month student loan payment is layered on top.
Clinical rotations in Memphis
Marketplace placement fees in Memphis run mid-range. FNP rotations typically fall between $5,000 and $12,000 per student. PMHNP and AGACNP rotations run higher, $10,000 to $20,000. Hospital direct-hire and FQHC pathways are usually accessible if you start early.
Pathway availability: Hospital direct-hire and FQHC pathways are accessible in Memphis. Apply 6 to 12 months ahead. The marketplace works as a backstop but at meaningful cost.
Typical marketplace cost range: $5,000 to $14,000 for a full program rotation requirement.
Specialty availability in smaller and mid-sized markets is uneven. FNP rotations are generally findable. PMHNP and AGACNP rotations often require either a local hospital affiliation or a longer-distance commute. CRNA training is restricted to specific affiliated programs.
For the full framework on how to choose between rotation pathways and what each costs, see our 5 Pathways to a Clinical Rotation guide.
Funding programs specific to Tennessee
Tennessee runs a separate state-level NP funding guide that covers federal aid caps, state-specific scholarships, and forgiveness programs. Memphis students should read it as the foundation, then layer the metro context from this page on top. Read the Tennessee NP funding guide →
The state-level guide covers the Tennessee federal aid landscape, scholarships from the Tennessee Nurses Association and equivalent state bodies, NHSC and Nurse Corps shortage-area eligibility for Tennessee, and the typical funding gap structure for Tennessee programs. NPs working in Memphis qualify for additional metro-specific employer tuition reimbursement, particularly through Methodist Le Bonheur and other major systems.
Practice authority status in Tennessee
Tennessee grants Restricted Practice Authority. NPs require career-long supervision, delegation, or team management by a physician for at least one element of NP practice. This is the most limiting tier and constrains independent practice ownership. Compensation can still be strong in metro markets like Memphis, but career flexibility is meaningfully narrower than in Full or Reduced states. Many Tennessee NPs eventually relocate or pursue cross-state telehealth licensure to expand their options.
For NPs in Memphis specifically, the practice authority designation affects three concrete decisions: whether to pursue practice ownership, how to structure your first contract negotiation, and whether to pick up cross-state telehealth licenses to expand your earning base. See the full 50-state practice authority map →
See your funding match for Memphis.
Plug in your school, expected start date, and grad date. We will match you with NP-friendly lenders, calculate your gap, and send a step-by-step funding plan tailored to Memphis and Tennessee.
Get My Funding Match →Frequently asked questions about NPs in Memphis
What is the average NP salary in Memphis?
The median nurse practitioner in the Memphis metro earns approximately $99,000 per year, with the 25th to 75th percentile range running from $84,000 to $117,000. Sub-specialty NPs and those at top-of-market employers like Methodist Le Bonheur can clear $131,000.
Which NP program is best for someone in Memphis?
University of Tennessee Health Science Center is the most-applied-to local option. Memphis students also frequently enroll in online MSN programs from Frontier Nursing, Walden, and WGU, which let working RNs continue earning while in school. The right program depends on whether you want in-person clinicals at a major academic medical center or a flexible online schedule.
Does Tennessee have Full Practice Authority for NPs?
Tennessee grants Restricted Practice Authority. Tennessee grants Restricted Practice Authority.
How does Memphis cost of living affect my real NP salary?
Memphis runs at a cost of living index of 84 (national average = 100). A $99,000 salary in Memphis is equivalent to roughly $118,000 in a city at the national-average cost of living. Always compare offers across metros on a cost-adjusted basis, not just headline salary.