Physical Therapist Salary: Memphis, TN vs New York, NY
Side-by-side comparison of wages and local price levels for Physical Therapists in Memphis, TN and New York, NY, based on BLS OEWS May 2025 wage data and BEA regional price parities for 2024.
1Which City Pays More?
Detailed Comparison
| Metric | Memphis, TN | New York, NY | Diff |
|---|---|---|---|
| Median Annual Salary | $100,000 | $107,650▲ | -$7,650 |
| 25th Percentile | $80,740 | $95,500▲ | -$14,760 |
| 75th Percentile | $111,240 | $129,360▲ | -$18,120 |
| 90th Percentile | $126,090 | $141,870▲ | -$15,780 |
| Price Level (BEA 2024, US = 100) | 92.2 | 112.6 | -20.4 |
| Median at National-Average Prices | $108,485▲ | $95,635 | +$12,850 |
| Total Employment | 800 | 21,240 | -20,440 |
3Summary Analysis
On paper, New York, NY pays $7,650 more (median: $100,000 vs $107,650). BEA's regional price parity is 92.2 in Memphis, TN and 112.6 in New York, NY (United States = 100). At national-average prices the medians are $108,485 and $95,635, so Memphis, TN comes out ahead once local prices are counted.
5Reading This Comparison
The $7,650 gap between the two medians is a gap in dollars, not in what those dollars buy. Dividing each median by its area's regional price parity restates it at national-average prices: $108,485 for Memphis and $95,635 for New York, a difference of $12,850.
The price levels come from the U.S. Bureau of Economic Analysis, which describes them this way: “Regional price parities (RPPs) measure the differences in price levels across states and metropolitan areas for a given year and are expressed as a percentage of the overall national price level.” The figures used here are the all-items index for each whole metropolitan area (Memphis, TN-MS-AR; New York-Newark-Jersey City, NY-NJ) and cover prices only, not taxes.
BLS estimates 800 Physical Therapist jobs in the Memphis area and 21,240 in the New York area. For broader context, see our Tennessee overview and the full Physical Therapist city ranking.
Frequently Asked Questions
Is Physical Therapist salary higher in Memphis, TN or New York, NY?
New York, NY has the higher median wage for Physical Therapists ($107,650 per year, against $100,000 in Memphis, TN; BLS OEWS May 2025). Restated at national-average prices using BEA regional price parities, the medians are $108,485 in Memphis, TN and $95,635 in New York, NY.
How do prices compare between Memphis, TN and New York, NY?
The U.S. Bureau of Economic Analysis puts the 2024 regional price parity at 92.2 for the Memphis, TN-MS-AR metropolitan area and 112.6 for the New York-Newark-Jersey City, NY-NJ metropolitan area, where the United States is 100. That is 7.8% below the national level for Memphis, TN and 12.6% above the national level for New York, NY.
Which city pays Physical Therapists more once local prices are counted?
Memphis, TN: at national-average prices its median Physical Therapist wage is $108,485, against $95,635 for New York, NY. The adjustment divides each median by the area's BEA regional price parity and covers prices only, not taxes.