Innovate Memphis Salary

As of September 2026, the average annual salary for employees at Innovate Memphis in the United States is $79,047. This translates to an approximate hourly wage of $38. Salaries at Innovate Memphis typically range from $69,121 to $90,442 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Innovate Memphis Pay for Different Roles?

Explore detailed salary information for specific jobs at Innovate Memphis. Based on our data, the highest paying job is the Captain, with an annual salary of $115,765. The table below outlines the annual salary ranges for most popular roles within the company.
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Is Innovate Memphis’s Pay Competitive? Salary Benchmarking Analysis

How does Innovate Memphis's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
Hidden Voices $80,808
+2.2%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Coalition Holdings LLC $85,333
+8.0%
Driven by niche technical certifications required for Coalition Holdings LLC's specialized projects.
Goodcity $91,114
+15.3%
Reflects structural premiums typical of Goodcity's large-cap national operations.
Washington Wild $94,594
+19.7%
Reflects a supply-demand imbalance for the specific talent Washington Wild targets.
Edu., Gov't. & Nonprofit Industry $115,341
+45.9%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

Employee Reviews: Working at Innovate Memphis

Considering a career at Innovate Memphis? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
Leadership listens actively and communicates openly, which builds trust across all levels. Guided us through complex regulations effortlessly. I feel valued and secure in my position, which makes a big difference. Opportunities for learning and development are numerous, and managers support career progression. Provided actionable data for decision-making.
It’s a reasonable place to work if you value consistency and routine, though it may not be ideal for someone seeking a dynamic or fast-paced environment. Leadership is transparent and values open communication, creating trust and collaboration across all levels. Efforts are made to ensure everyone feels included and that their unique background is respected. Policies are followed closely, which pr...
Career growth can take time, and there’s a preference for internal hiring. The leadership team is supportive, transparent, and genuinely values employee input. Employee voice is valued in policy decisions. employees, operations run smoothly while still valuing individual contributions.

Innovate Memphis Overview

Website
www.innovatememphis.com
Founded In
2011
Employees
<25 employees
Industry
Edu., Gov't. & Nonprofit
Headquarter Address
516 Tennessee St Memphis Tennessee TN 38103
Revenue
<$5 Million
Phone Number
+1 9013127700
Social Media
About Innovate Memphis
We also build capacity to empower others to ignite change to move Memphis forward. We are leading and seeding change. We lead change through the initiation, development, and implementation of innovative programs. We seed and catalyze change by supporting partners to engage in change. Through our collaborative support, a partner and initiative are made successful through the support of our engageme

What Benefits Does Innovate Memphis Offer Beyond Salary?

A competitive compensation package is more than just a salary. Innovate Memphis offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Memphis?

Understanding the cost of living near Memphis is key to truly evaluating a salary offer or your current compensation at Innovate Memphis.
Memphis' Cost of Living Index is approximately 79.8 (20.2% less expensive than US average; 11.5% less than TN average). Blues/BBQ, FedEx hub, very affordable housing. MATA bus/trolley. When planning your budget based on a salary from Innovate Memphis, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $850 - $1,300+ A significant portion of Innovate Memphis salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $50 (MATA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $370 - $550 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $660+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,130 - $3,410+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Innovate Memphis

1. What is the typical salary range (low to high) for most roles at Innovate Memphis?

The typical annual salary range for most roles at Innovate Memphis is approximately from $69,121 to $90,442. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. How much does Innovate Memphis pay compared to Hidden Voices?

The average annual salary at Innovate Memphis is $79,047, or an hourly wage of $38, in comparison to Hidden Voices which pays $80,808 per year or $39 per hour.

3. Do salaries differ significantly between departments at Innovate Memphis?

Yes, salaries often differ between departments at Innovate Memphis due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Innovate Memphis?

Experience level is a significant factor in determining salary at Innovate Memphis, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Innovate Memphis in Memphis is fair given the local cost of living?

To determine if a salary offer from Innovate Memphis in Memphis is fair, first compare the gross salary to our data for similar roles at Innovate Memphis and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Memphis" to understand its purchasing power.

6. What factors influence salary increases at Innovate Memphis?

Salary increases at Innovate Memphis are likely influenced by a combination of factors, including: individual employee performance against set goals, overall company performance and profitability, budget availability, changes in the market rate for similar roles (market adjustments), and sometimes cost-of-living increases.