salary information

Salary Information for a Corporate Counsel in Memphis, TN

Median salary:

This data reflects Total Cash for a Level 4 Corporate Counsel at a mid-size company. To get more detailed information on total compensation for the role of Corporate Counsel in Memphis, TN, including base pay, total cash, and equity by job level, region and company size, please join OpenComp.

Behind the numbers

What is the adjusted total comp for a Corporate Counsel in Memphis, TN?

Total Comp (TC)

Cost of Living (COL) Index

COL-Adjusted TC

Median Home Price

Total Comp (TC)

Cost of Living (COL) Index

COL-Adjusted TC

Median Home Price

What are the responsibilities of a Corporate Counsel in Memphis, TN?

Corporate counsels (or in house counsel) are lawyers who work directly for a business or company. Rather than working for a variety of clients, they devote all their talents and energy to their employer. They provide legal protection and services to a company as a whole in addition to its employees

What are the characteristics of a level 4 Corporate Counsel?

A level 4 Corporate Counsel in Memphis, TN is an extremely seasoned professional, one who is able to solve most issues and problems and uses their skills to drive company objectives and achieve goals. Average experience 8 years.

Quality of Life in Memphis, TN, on an Income of $170,325

Overview

Living in Memphis, TN, with an income of $170,325 offers a favorable quality of life when compared to the broader United States. This income level provides significant discretionary spending potential, primarily due to Memphis's lower cost of living and affordable housing market.

Cost of Living

Overall Affordability: Memphis consistently rates below the national average for overall cost of living indices. This makes it easier for individuals or families earning $170,325 to lead a comfortable lifestyle.
Utilities and Services: Utility costs and general services are competitively priced, contributing further to the city's cost-effectiveness.

Housing Market

Home Prices: The median home price in Memphis is notably lower than the national average, allowing for more affordable purchasing options or better living space for the cost of a comparable home elsewhere.
Investment Potential: Buyers may find beneficial investment opportunities due to emerging neighborhoods and ongoing urban development projects.

Quality of Life

Recreational Activities: Memphis offers a variety of recreational and cultural activities, such as music festivals, arts venues, and renowned dining, enhancing quality of life.
Community and Diversity: The city's diverse communities contribute to a rich cultural experience and a welcoming environment for newcomers.

Access to Healthcare

Healthcare Infrastructure: Memphis has several high-quality hospitals and healthcare facilities, ensuring access to comprehensive medical services.
Healthcare Costs: Costs for healthcare services are generally in line with national averages, though being a major city, options for care are diverse and accessible.

Quality of K-12 Schools

Range of Schools: Memphis offers a mixture of public, private, and charter schools, providing options for educational attainment.
Academic Performance: Some areas within Memphis may have higher-performing schools, allowing families the flexibility to choose based on educational goals.

Summary

For someone earning $170,325 per year, Memphis, TN provides a quality of life marked by a lower cost of living and affordable housing relative to many parts of the United States. The access to diverse cultural activities, solid healthcare facilities, and various educational institutions supports both personal and family-oriented lifestyle choices, making it an attractive place to live for individuals and families alike.

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OpenComp aggregates multiple data sources to provide accurate salary data for Memphis, TN, specifically for a Level 4 Corporate Counsel. The primary source is real-time, crowd-sourced salary information collected through direct integrations with hundreds of customer-connected HRIS platforms.