What Is A Good Salary In Nashville Tn?

Average Salary in Nashville, TN

How much do you need to make to live comfortably in Nashville?

A 2018 study by GoBankingRates found Nashville residents need to make $85,000 a year to “live comfortably,” $34,000 more than the city’s median income.

What income is considered upper class in Tennessee?

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The lowest income to be considered “rich” (Top 20%) in Memphis is $86,964. The average income of the top 20% comes in at $172,622. For the top 5%, the average income is $335,653.

What is considered rich in Nashville TN?

Here’s what it takes to be considered ‘rich’ in Nashville
In Nashville, you’ll need to earn $115,609 or more to be considered a “rich” person in the top 20% of the city’s 663,750 residents. The ultra-rich, or the top 5% of earners in Nashville, make way more: $393,014 on average, according to the analysis.

What is a good salary in TN?

As of Jul 31, 2022, the average annual pay for the Comfortable jobs category in Tennessee is $42,058 a year. Just in case you need a simple salary calculator, that works out to be approximately $20.22 an hour. This is the equivalent of $809/week or $3,505/month.

Is it cheaper to live in Nashville or Atlanta?

Atlanta is 6.0% more expensive than Nashville-Davidson. Atlanta housing costs are 1.1% less expensive than Nashville-Davidson housing costs. Health related expenses are 5.1% less in Atlanta.

Why is Nashville rent so high?

Two major contributors to the increase are limited supply of rental units and the number of high-income households entering the rental market. A recent study by Nashville-based Apartment Insiders found the incomes for the average renter in the city had grown 25% over the last year to $70,000.

Where do rich live in Nashville?

Known for large country estates and rolling hills, Brentwood is an affluent suburb south of Nashville and one of the wealthiest cities in the country. The wealth in the area is relatively new too and has luxury car dealers, such as Mini, Porsche, and Audi, to thank for its growth.

What is middle class in Nashville TN?

There seems to be an engine of prosperity in Nashville that’s helping pull the income distribution to the right.” In 2017, 63.2 percent of the metro area’s households were in the broad middle class, defined as having incomes between $23,000 and $113,000, according to the Brookings analysis of Census data.

What salary makes 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. Of course, some parts of the country require a higher income level to be in the top 1% income, e.g. Connecticut at $580,000.

What is the cost of living in Nashville Tennessee?

Nashville-Davidson cost of living is 101.4

What is the average income in Nashville Tennessee?

Table

What is considered upper class?

According to a 2018 study by Pew Research Center, 19% of American adults were part of upper-class households. These families earned a median income of $187,872 in 2016, compared to 52% who made up the middle class and 29% who made up the lower class.

What’s the poorest city in Tennessee?

Morristown was ranked the poorest city in Tennessee in a 24/7 Wall St.
The Center Square.

What is considered low income in Tennessee?

What is considered low income? What is considered an affordable housing cost* for families? 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.

Should I live in Tennessee or Georgia?

Tennessee and Georgia can be perfect spots for retirement. For example, Georgia has the benefit of a coastline, warmer weather, many Active Adult Communities, and a lower crime rate. In contrast, Tennessee has a lower cost of living, friendly locals, and a vibrant music scene.

What city is bigger Nashville or Atlanta?

Nashville has an estimated population of around 684,400 people. Atlanta has an estimated population of 472,520 people. However, Nashville covers 526 square miles, whereas Atlanta only covers 134 square miles, meaning Atlanta is far more crowded.

Where is the nations neighborhood in Nashville?

Located off Charlotte Pike on the west side of Nashville, the Nations centers around 51^st Avenue. The neighborhood has had tremendous growth recently, and is now filled with dining, retail and new construction homes. And its location provides easy access to the interstate, downtown and nearby parks.

Can I afford to live in Nashville?

According to the U.S. Department of Housing and Urban Development, affordable housing is units available for people who make up to 80% of the area median income. For a family of four in Nashville, that would be $67,450 or less.

Is it a good time to buy a house in Nashville?

The forecast is until Dec 2022 and you can expect to see very strong home price gains. Even though home values in Nashville rose by over 20% over the past year, prices are expected to continue rising at the same pace. There’s no relief for buyers in Nashville but it is good news for sellers.

Is it a good time to buy a house in Tennessee?

Nashville-area property values may not be rising as fast as they were two years ago but they’re still increasing more quickly than the national average. And, with interest rates at historic lows and job growth at historic highs, many analysts say the real-estate market could continue to be strong for years to come.