| 2010 Miss Memphis | $1000.00 |
| Southwest Tennessee Community College | $5368.00 (Full Tuition: 2 Years) |
| Austin Peay State University | $5238.00 (Full Tuition: 1 Year) |
| Baptist College of Health Sciences | $1000.00 |
| 1st Alternate | $500.00 |
| Southwest Tennessee Community College | $2684.00 (Full Tuition: 1 Year) |
| 2nd Alternate | $400.00 |
| Southwest Tennessee Community College | $2684.00 (Full Tuition: 1 Year) |
| 3rd Alternate | |
| Southwest Tennessee Community College | $2684.00 (Full Tuition: 1 Year) |
| 2010 Miss Teen Memphis | $100.00 |
| Teen State Entry Fee | $300.00 |
| 2010 Miss Memphis Princess | $100.00 |
| Princess State Entry Fee | $300.00 |
| MISS: Sarah C. Brown Scholarship awarded to the contestant whose platform or personal goals best exemplify a dedicated and charitable heart towards the hopes and dreams of underprivileged or abused children. (Chosen and Sponsored by Tracee Roderick, Miss Memphis 2000) | $250.00 |
| MISS: Memphis Jaycees Community Service Award will be awarded to the contestant that has best supported their community through service and volunteer activities. (Chosen and Sponsored by the Memphis Jaycees) | $100.00 |
| MISS: Miss Congeniality, In Memory of David L. Stephens (Sponsored by Jeni Stephens, Miss Memphis/Miss Tennessee 1996. Chosen by the Miss Contestants.) | $100.00 |
| TEEN: Teen Congeniality, In Memory of Spencer D. Stephens (Sponsored by Jeni Stephens, Miss Memphis/Miss Tennessee 1996. Chosen by the Teen Contestants.) | $50.00 |
| PRINCESS: Princess Congeniality, In Memory of Grace Shelton Stephens (Sponsored by Jeni Stephens, Miss Memphis/Miss Tennessee 1996. Chosen by the Princess Contestants.) | $50.00 |
| MISS: Non-Finalist Talent Winner (Sponsored Anonymously) | $100.00 |
| TEEN: Non-Finalist Talent Award | $25.00 |
| TEEN: Fitness Wear Award | $25.00 |
| PRINCESS: Fitness Wear Award | $25.00 |
| MISS: Fan Favorite (Chosen by the Audience.) | $25.00 |
| TEEN: Fan Favorite (Chosen by the Audience.) | $25.00 |
| PRINCESS: Fan Favorite (Chosen by the Audience.) | $25.00 |