Brokerage Clerks Salary
In Memphis, TN-MS-AR, brokerage clerks earn $62,040 at the median, or about $29.83 an hour. The range runs from $38K at the entry level to $102K for experienced workers. Cost of living is below average (RPP 92.18), which stretches that salary to about $67,303 in buying power. Rent on a 2-bedroom averages $1,274/month, or 29.6% of estimated take-home pay.
So what does $62K get you in Memphis?
Groceries, utilities, transportation, and healthcare scaled from national averages by Memphis’s Regional Price Parity (92.18). Rent from HUD Fair Market Rents. Taxes estimated for single filer, standard deduction. * Healthcare is the employee-paid share only (premiums + out-of-pocket). Actual costs vary by coverage type: employer-sponsored, ACA marketplace, or uninsured.
About brokerage clerks
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What this looks like in Memphis
Brokerage clerks pay in Memphis tracks closely to the national median, $62K locally vs. $66K nationwide, a 6% difference. Rent runs $1,274/month for a 2-bedroom (HUD FMR), taking 29.5% of the median take-home. That's within the 30% rule, though not by much. Regional Price Parity sits at 92.18 (national = 100), meaning everyday costs run about 8% cheaper here. Your dollar stretches further than the headline salary suggests. Pay and costs are both near average, leaving limited margin for savings at the median wage.
Compared to nearby metros
Median pay for brokerage clerks in metros near Memphis, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Nashville-Davidson--Murfreesboro--Franklin | $69K | $71K |
| Knoxville | $60K | $65K |
| Richmond | $62K | $63K |
| Atlanta-Sandy Springs-Roswell | $62K | $62K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Memphis, TN-MS-AR
Entry-level brokerage clerks (10th percentile) start around $38K. Mid-career wages sit at $62K. Top earners bring in $102K or more, a $64K spread from bottom to top.
Brokerage Clerks pay across states
Median income ranked highest to lowest, compared to the national figure
View Brokerage Clerks salary in all states
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| District of Columbia | $95K | +45% | N/A |
| New York | $79K | +20% | 5,950 |
| Vermont | $78K | +19% | 30 |
| California | $78K | +19% | 4,740 |
| Connecticut | $75K | +15% | 420 |
| New Jersey | $75K | +14% | 3,260 |
| Michigan | $73K | +12% | 430 |
| Washington | $73K | +11% | 140 |
| Maine | $73K | +11% | 80 |
| Oregon | $72K | +10% | 470 |
| New Hampshire | $68K | +4% | 200 |
| Utah | $67K | +3% | 320 |
| Tennessee | $65K | -2% | 370 |
| Ohio | $64K | -3% | 800 |
| Wisconsin | $64K | -3% | 460 |
| Massachusetts | $64K | -3% | 890 |
| Illinois | $63K | -4% | 2,060 |
| Florida | $63K | -4% | 1,830 |
| Texas | $63K | -4% | 1,300 |
| Virginia | $63K | -5% | 750 |
| Rhode Island | $62K | -5% | 450 |
| Minnesota | $62K | -6% | 960 |
| Maryland | $62K | -6% | 560 |
| Arizona | $62K | -6% | 940 |
| Georgia | $62K | -6% | 540 |
| Louisiana | $62K | -6% | N/A |
| Delaware | $61K | -7% | N/A |
| Colorado | $61K | -7% | 220 |
| North Carolina | $61K | -7% | 400 |
| Nebraska | $61K | -7% | 440 |
| Pennsylvania | $60K | -8% | 1,470 |
| South Carolina | $60K | -9% | 440 |
| Arkansas | $59K | -11% | 90 |
| Indiana | $58K | -11% | 1,260 |
| Mississippi | $58K | -11% | 40 |
| Kentucky | $58K | -12% | N/A |
| Iowa | $56K | -14% | 160 |
| South Dakota | $56K | -15% | 130 |
| Kansas | $50K | -24% | 310 |
| Montana | $48K | -26% | 110 |
Showing 1–10 of 40 states with published data
BLS does not publish data for every state when sample sizes are too small
Track brokerage clerks salary changes
BLS updates this data quarterly. We'll email you when Memphis numbers change.
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Frequently asked questions
Can a brokerage clerk afford a 2BR apartment alone in Memphis?
Yes — at the median salary of $62K, rent takes 29.5% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,274/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for brokerage clerks in Memphis?
The 10th-percentile wage — what new brokerage clerks typically earn — is $38K/year. Take-home on that works out to about $2,294/month. At HUD’s $1,274/month FMR, rent would take 56% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is brokerage clerk a high-paying job in Memphis?
Pay here is roughly in line with the national average — $62K locally vs. $66K nationally, a 6% difference.
How does Memphis compare to the national average for brokerage clerks?
Memphis pays $62K median vs. the U.S. average of $66K — that’s -6%. After adjusting for local cost of living (RPP 92.18), the purchasing-power equivalent is $67K — still ahead of the national median.
How much do brokerage clerks make in Memphis, TN-MS-AR?
The median is $62,040 a year, that works out to about $30 an hour. But the range is wide: entry-level workers start around $38,240, and experienced brokerage clerks can clear $102,390. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $62K enough to live in Memphis?
On that salary, you'd take home roughly $4,324/month after taxes. A 2-bedroom here rents for about $1,274/month, which eats 29.5% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a brokerage clerks salary go in Memphis?
Memphis has a Regional Price Parity of 92.18 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median brokerage clerks salary is worth about $67,303 in national-average purchasing power.
Where do brokerage clerks get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.