A person working in Tennessee typically earns around 98,400 USD per year. Salaries range from 24,900 USD (lowest average) to 439,000 USD (highest average, actual maximum salary is higher). This is the average yearly salary including housing, transport, and other benefits.
What is the median salary 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 the average salary in Tennessee 2021?
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 a good salary for Tennessee?
How much does a Comfortable make in Tennessee? As of Jul 30, 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.
What is a liveable 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 was the average income in Tennessee 2022?
As of Jul 26, 2022, the average annual pay for the Person jobs category in Tennessee is $36,357 a year.
Whats the median salary in the US?
Median household income was $67,521 in 2020, a decrease of 2.9 percent from the 2019 median of $69,560 (Figure 1 and Table A-1). This is the first statistically significant decline in median household income since 2011.
What is the average single person income in Tennessee?
In 2018, the annual per capita personal income was $47,179 in Tennessee, with county averages ranging from $23,175 to $95,339. The average income for rural counties in Tennessee is just $36,377.
What is the average cost of living in Tennessee?
Average Cost of Living in Tennessee: $37,499 per year.
Is $18 an hour good?
The $18 per hour wage falls within the second and most common hourly rate range in the US. As it’s far enough from the minimum wage, it can be considered good money.
What’s minimum wage in Tennessee?
$7.25
Tennessee’s minimum wage hasn’t changed since 2009, when the federal minimum wage changed to $7.25. Someone working full time on minimum wage would only make about $15,000 a year.
What is middle class income in TN?
You’ll need to make an income of at least $492,000 to find yourself in the 1% of the Volunteer State. That average of just under $500K puts Tennessee around the middle of the pack compared to the other states.
What is the U.S. median income 2022?
Median weekly earnings of the nation’s 118.9 million full-time wage and salary workers were $1,041 in the second quarter of 2022 (not seasonally adjusted), the U.S. Bureau of Labor Statistics reported today.
What is the median income in the U.S. 2021?
The national median family income for the United States for FY 2021 is $79,900, an increase over the national median family income in FY 2020 of $78,500. When twice the change in national median incomes is greater than five percent, this higher value is used as the cap on increases in the calculation of income limits.
What is the median individual income in the U.S. 2022?
$44,225
The average personal income in the United States is $63,214, with the median income across the country being $44,225. Real wages averaged $67,521 in 2022, and average household incomes averaged to $87,864.
How do you find the median salary?
It is calculated by adding together the salaries of everyone working in an occupation and then dividing the total by the number of people. Take the earlier example of the widget makers’ earnings. Remember our three widget makers earned $20,000, $30,000, and $35,000, respectively.
How is median income calculated?
The median divides the income distribution into two equal parts: one-half of the cases falling below the median income and one-half above the median. For households and families, the median income is based on the distribution of the total number of households and families including those with no income.
Is 125k a year a good salary?
$120k per year is a good salary and should mean that most people could live a comfortable life with enough spare income for treats and enjoyment. However, your lifestyle could still surpass your income, so it is important to get financial guidance if you feel you are going to struggle.
Is Tennessee rich or poor?
Tennessee is the thirty-fifth-richest state in the United States of America, with a per capita income of $28,764 (2017).
What is the poorest town in Tennessee?
Morristown was ranked the poorest city in Tennessee in a 24/7 Wall St.
The Center Square.
| Poorest City | Morristown |
|---|---|
| Median Household Income | $32,193 |
| Poverty Rate | 26.6% |
| Median Home Value | $115,900 |
| Population | 29,782 |
What is poorest county in TN?
The poverty rate is more than 11% higher in Grundy than the rest of the state. Compared to all of Tennessee, about 15% less adults hold a bachelor’s degree in Grundy.