Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 0 Children | |
| Required annual income after taxes | $27,652 | $42,394 |
| Annual taxes | $4,483 | $6,873 |
| Required annual income before taxes | $32,135 | $49,267 |
https://youtube.com/watch?v=FHB2688a2HU
What is a livable salary in Tennessee?
Living Wage Calculation for Davidson County, Tennessee
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 1 Child | |
| Living Wage | $17.63 | $30.19 |
| Poverty Wage | $6.19 | $10.56 |
| Minimum Wage | $7.25 | $7.25 |
What is a liveable salary in Nashville?
Average Salary in Nashville, TN
| Annual Salary | Weekly Pay | |
|---|---|---|
| Top Earners | $94,021 | $1,808 |
| 75th Percentile | $85,836 | $1,650 |
| Average | $66,746 | $1,283 |
| 25th Percentile | $47,656 | $916 |
How much does a single person need to make to live comfortably in Nashville?
Tailor the Cost of Living to Your Situation
A single person living in Nashville can expect expenditures around $3,074 a month, with an annual estimate of approximately $36,893.
What is the minimum salary in TN?
$7.25 per hour
Tennessee Minimum Wage for 2021, 2022. Tennessee’s state minimum wage rate is $7.25 per hour. This is the same as the current Federal Minimum Wage rate.
What is a comfortable salary in Tennessee?
While ZipRecruiter is seeing salaries as high as $85,152 and as low as $24,544, the majority of salaries within the Comfortable jobs category currently range between $29,051 (25th percentile) to $45,580 (75th percentile) with top earners (90th percentile) making $65,115 annually in Tennessee.
What is middle class in TN?
The middle class income range varies greatly by state, depending on the cost of living, the analysis found.
| State | Tennessee |
|---|---|
| Household Income Range for Middle Class | $21,573 – $98,679 |
| Median Family Income | $69,993 |
| Middle Class Share of State’s Income | 45.5% |
Is TN expensive to live in?
In short, Tennessee enjoys an especially low cost of living. According to a study conducted by the World Population Review, in 2021 Tennessee is the country’s sixth cheapest state to live in. That’s pretty standard for The Volunteer State, where living costs have historically landed it in the top ten for affordability.
What is the average income in Tennessee 2022?
The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households. The average (or mean) household income in Tennessee is $76,937.00.
Is it worth living in Tennessee?
Tennessee is a great place to live, offering residents a wide range of activities and attractions. The state has a thriving economy, and the cost of living is relatively low. However, the state does have its drawbacks, such as severe weather and traffic congestion in major cities.
Is it cheaper to live in Oklahoma or Tennessee?
Tennessee is 10.2% more expensive than Oklahoma.
Is it cheaper to live in Atlanta or Nashville?
Cost of Living Comparison Between Atlanta, GA and Nashville, TN. You would need around 6,384.18$ in Nashville, TN to maintain the same standard of life that you can have with 5,600.00$ in Atlanta, GA (assuming you rent in both cities). This calculation uses our Cost of Living Plus Rent Index to compare cost of living.
What is considered high income in Tennessee?
The average income of the top 20% comes in at $212,201. For the top 5%, the average income is $393,014. Copyright 2022 Nexstar Media Inc.
How much is the average income in Tennessee?
Table
| Population | |
|---|---|
| Transportation | |
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | 25.4 |
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $54,833 |
What is McDonald’s minimum wage in Tennessee?
How much does a Crew Member make at McDonald’s in Tennessee? Average McDonald’s Crew Member hourly pay in Tennessee is approximately $9.90, which is 21% below the national average.
What is considered high income 2022?
For high earners, a three-person family needed an income between $106,827 and $373,894 to be considered upper-middle class, Rose says. Those who earn more than $373,894 are rich.
Is Tennessee a wealthy state?
Tennessee is the thirty-fifth-richest state in the United States of America, with a per capita income of $28,764 (2017).
Tennessee counties ranked by per capita income.
| County | United States |
|---|---|
| Per capita income | $27,334 |
| Median household income | $51,914 |
| Median family income | $62,982 |
What salary is considered rich?
With a $500,000+ income, you are considered rich, wherever you live! According to the IRS, any household who makes over $500,000 a year in 2022 is considered a top 1% income earner.
Where is it cheapest to live in Tennessee?
2022 Most Affordable Cities in Tennessee
- Memphis.
- Lawrenceburg.
- Lewisburg.
- Union City.
- Millington.
- Paris.
- Knoxville.
- McMinnville.
Is rent expensive in Tennessee?
The average rent for an apartment in Tennessee is $1,730. A two-bedroom home in Nashville averages out to be $1,510 and a one-bedroom’s average is $1,341, according to a study by Apartment List.
What part of Tennessee is best to live in?
Here are the best places to live in Tennessee: Nashville. Knoxville. Chattanooga.
- Nashville.
- Knoxville. Best Places to Live 2021-2022 Rank: 41.
- Chattanooga. Best Places to Live 2021-2022 Rank: 49.
- Memphis. Best Places to Live 2021-2022 Rank: 143.