NASHVILLE, Tenn. –A study by personal finance company Go Banking Rates finds in order to live comfortably in Nashville, residents need to make $80,548 per year . The study examined housing costs, the price of necessities such as food and healthcare, and average incomes among America’s 50 largest cities.
What is a livable wage in Tennessee?
| 1 ADULT 2 ADULTS (1 WORKING) | 0 Children 2 Children | Living Wage $14.84 $30.69 | Poverty Wage $6.13 $12.60 | Minimum Wage $7.25 $7.25 |
|---|
What is a comfortable salary in Tennessee?
| Annual Salary Weekly Pay | Top Earners $58,754 $1,129 | 75th Percentile $41,833 $804 | Average $39,591 $761 | 25th Percentile $27,262 $524 |
|---|
What is a good salary in Tennessee?
While ZipRecruiter is seeing salaries as high as $60,636 and as low as $14,101, the majority of salaries within the Person jobs category currently range between $23,501 (25th percentile) to $35,723 (75th percentile) with top earners (90th percentile) making $48,414 annually in Tennessee.
What is a good salary for a single person in Tennessee?
How much money does it take for a single person to live comfortably in Nashville? $61,015 a year , according to a new report from GoBankingRates.com. Nashville’s salary needs were on par with Atlanta, New Orleans and Denver, but emerged as more expensive than peer cities Raleigh, Austin and Charlotte.
What is the average salary in Tennessee 2020?
According to Business.org, Tennessee’s average salary is $34,890 per year . With that salary, it would take 71.2 hours to afford rent for a one-bedroom apartment in Tennessee.
Can I afford to move to Tennessee?
Low property taxes and no state income tax are just two reasons why you can afford to live in Tennessee comfortably. ... According to BestPlaces, the cost of living index score for Tennessee is 87.6, well below the national average. Home prices are exceptionally affordable, compared to many other parts of the country.
What is considered middle class in TN?
Tennessee households must make at least $21,573 to reach middle class, study finds. (The Center Square) – In Tennessee, households must earn a minimum of $21,573 per year to be considered middle class, with the upper earnings boundary set at $98,679, according to a new 24/7 Wall St. analysis.
What is the richest city in Tennessee?
With a median household income of more than $250,000 and more than 50% off all households making over $200,000, it’s no surprise that Belle Meade was chosen the wealthiest area of Tennessee. Here are some other statistics that combined to make Belle Meade Number 1.
What is the richest county in Tennessee?
| Rank County Per capita income | 1 Williamson $27,925 | 2 Wilson $27,814 | 3 Davidson $27,780 | 4 Knox $27,349 |
|---|
What is the minimum salary in Tennessee?
The current state minimum wage $7.25 per hour , the same as the federal minimum wage.
What is considered low income for a single person in Tennessee?
A full-time employee, for example, earning the minimum wage of $7.25/hour in Tennessee (last increase was in 2008) earns $15,080/year – considered very low income if they are a single person household.
What is the poverty line in Tennessee?
Their household income is at or below 250% of the federal poverty level (FPL). For a family size of 2 that is $43,550 per year. For a family of four that is $66,250 per year . For more information look at the last column on the Income Guidelines chart.
What are the dangers of living in Tennessee?
- 10) Awful Drivers. Matthias Ripp / Flickr. ...
- 9) Civil War Reenactments. Michael Kappel / Flickr. ...
- 8) Snakes! Kenneth Cole Schneider. ...
- 7) Flooding. flickr/Mike. ...
- 6) Too much of a good thing. Mike Delgaudio / Flickr. ...
- 5) Rabid football fans. ...
- 4) Stars in your eyes. ...
- 3) Tornados.
Are salaries lower in Tennessee?
Tennessee was ranked near the bottom of the list for states with the best average salary. Tennessee was ranked number 41, just before Georgia at 42. According to Business.org, Tennessee’s average salary is $34,890 per year.
What is Tennessee salary?
Tennessee’s state minimum wage rate is $7.25 per hour . This is the same as the current Federal Minimum Wage rate. The minimum wage applies to most employees in Tennessee, with limited exceptions including tipped employees, some student workers, and other exempt occupations.
