Franklin vs Memphis: Real Estate Agent Salary (2026)
Compare real estate agent 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 | $52,395▲ | $47,187 |
| Hourly Rate | $25.19▲ | $22.69 |
| Entry Level (P10) | $33,976▲ | $31,160 |
| 25th Percentile | $40,276▲ | $35,657 |
| 75th Percentile | $67,066 | $77,972▲ |
| Top Earner (P90) | $81,213 | $106,534▲ |
| Total Employed | 18 | 470▲ |
Verdict
Franklin and Memphis are closely matched on overall real estate agent compensation, each winning on different metrics.
The salary gap between Franklin and Memphis is $5,208 (11.04%). Franklin's median is -2.29% compared to the US national median of $53,622.
Salary Range Comparison
The full salary range (10th to 90th percentile) in Franklin spans $47,237,Memphis spans $75,374. Memphis has a wider pay range, suggesting more variation in pay between entry-level and experienced real estate agents.
Cost-of-Living Adjusted Comparison
After cost-of-living adjustment, Franklin ($57,075 effective) pays 11.50% more than Memphis ($51,191 effective).
Cost-of-living adjustment: salary × (100 / CoL index). Index of 100 = national average.
Which City Is Right for You?
Choose Franklin if…
- ✓Higher median salary ($52,395/year)
- ✓Better purchasing power (CoL-adjusted: $57,075)
- ✓You prefer the Tennessee area and lifestyle
Choose Memphis if…
- ✓Better top-earner potential ($106,534)
- ✓Larger job market (470 employed)
- ✓You prefer the Tennessee area and lifestyle
Historical Salary Growth Comparison
Based on BLS OEWS metropolitan area data, real estate agent salaries in Franklin grew -0.9% from 2024 to 2025, compared to -14.9% growth in Memphis over the same period.
Franklin, TN
$52,077 (2024) → $51,621 (2025)
Memphis, TN
$54,610 (2019) → $46,490 (2025)
View Full Salary Data
Franklin, TN
Memphis, TN
Frequently Asked Questions
Which city pays real estate agents more: Franklin or Memphis?
What is the hourly rate difference between Franklin and Memphis?
Should I relocate from Franklin to Memphis as a real estate agent?
What do entry-level real estate agents earn in Franklin vs Memphis?
Written by Maria Gonzalez, REALTOR®
Career Analyst
Maria has 10 years of experience as a real estate agent. She specializes in residential properties. She works with a large brokerage in Texas.
Methodology & Data Source
All salary figures are 2026 projections based on BLS OEWS May 2025 data. A 1.50% 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 Maria Gonzalez, REALTOR®, a licensed real estate agent with 10+ years of clinical experience. · View source data at BLS.gov