Franklin vs Memphis: Anesthesiologist Salary (2026)
Compare anesthesiologist salaries between Franklin, TN and Memphis, TN. All figures are 2026 estimates projected from BLS 2025 data.
Side-by-Side Comparison
| Metric | Franklin, TN | Memphis, TN |
|---|---|---|
| Median Salary | $339,501 | $404,940▲ |
| Hourly Rate | $163.22 | $194.68▲ |
| Entry Level (P10) | $196,910 | $234,865▲ |
| 25th Percentile | $244,440 | $291,556▲ |
| 75th Percentile | $427,946 | $518,323▲ |
| Top Earner (P90) | $483,171 | $615,050▲ |
| Total Employed | 18 | 122▲ |
Verdict
Memphis, TN offers better overall compensation for anesthesiologists, winning 4 out of 4 metrics compared to Franklin.
The salary gap between Franklin and Memphis is $65,439 (19.28%). Memphis's median is -1.02% compared to the US national median of $409,107.
Salary Range Comparison
The full salary range (10th to 90th percentile) in Franklin spans $286,261,Memphis spans $380,185. Memphis has a wider pay range, suggesting more variation in pay between entry-level and experienced anesthesiologists.
Cost-of-Living Adjusted Comparison
After cost-of-living adjustment, Memphis ($441,111 effective) pays 19.28% more than Franklin ($369,827 effective).
Cost-of-living adjustment: salary × (100 / CoL index). Index of 100 = national average.
Which City Is Right for You?
Choose Franklin if…
- ✓You prefer the Tennessee area and lifestyle
Choose Memphis if…
- ✓Higher median salary ($404,940/year)
- ✓Better top-earner potential ($615,050)
- ✓Larger job market (122 employed)
- ✓Better purchasing power (CoL-adjusted: $441,111)
- ✓You prefer the Tennessee area and lifestyle
Historical Salary Growth Comparison
Based on BLS OEWS metropolitan area data, anesthesiologist salaries in Franklin grew 0.5% from 2024 to 2025, compared to 8.7% growth in Memphis over the same period.
Franklin, TN
$323,236 (2024) → $324,881 (2025)
Memphis, TN
$356,333 (2024) → $387,502 (2025)
View Full Salary Data
Franklin, TN
Memphis, TN
Frequently Asked Questions
Which city pays anesthesiologists more: Franklin or Memphis?
What is the hourly rate difference between Franklin and Memphis?
Should I relocate from Franklin to Memphis as a anesthesiologist?
What do entry-level anesthesiologists earn in Franklin vs Memphis?
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Written by Dr. Maria Chen, MD
Career Analyst
Dr. Chen has over 10 years of experience in anesthesiology. She specializes in perioperative care at a major metropolitan hospital.
Methodology & Data Source
All salary figures are 2026 projections based on BLS OEWS May 2025 data. A 4.50% CAGR (derived from 6-year national BLS trends) was applied to estimate current compensation. Cost-of-living adjustments use BEA Regional Price Parity data. Actual salaries vary by employer, certifications, and experience.
Data Sources & Methodology
Source: BLS, OEWS , released .
Compiled and verified by Dr. Maria Chen, MD, a licensed anesthesiologist with 10+ years of clinical experience. · View source data at BLS.gov