$40,341.
In 2019, Knoxville, TN had a population of 186k people with a median age of 32.7 and a median household income of $40,341. Between 2018 and 2019 the population of Knoxville, TN grew from 185,429 to 186,173, a 0.401% increase and its median household income grew from $37,703 to $40,341, a 7% increase.
How much do you need to make to live comfortably in Knoxville?
Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 1 Child | |
| Required annual income after taxes | $26,699 | $50,124 |
| Annual taxes | $4,328 | $8,126 |
| Required annual income before taxes | $31,027 | $58,250 |
What is middle class in Knoxville 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 average household income in Knoxville Tennessee?
Table
| Population | |
|---|---|
| Transportation | |
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | 22.3 |
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $59,250 |
What is the average cost of living in Knoxville TN?
Comparison Highlights
| Cost of Living Indexes | Knoxville, TN | Difference |
|---|---|---|
| Overall Index: Homeowner, No Child care, Taxes Not Considered | 89.6 | 12.7% more |
| Food & Groceries | 97.2 | 2.0% more |
| Housing (Homeowner) | 75 | 23.9% more |
| Median Home Cost | $257,300 | $2,500 (1.0% more) |
What is a comfortable salary in Knoxville TN?
How much does a Comfortable make in Knoxville, Tennessee? As of Jul 31, 2022, the average annual pay for the Comfortable jobs category in Knoxville is $38,156 a year. Just in case you need a simple salary calculator, that works out to be approximately $18.34 an hour. This is the equivalent of $734/week or $3,180/month.
What is a good salary in Knoxville TN?
The average salary in Knoxville is $45,990. A good hourly wage in Knoxville is $18.75 per hour. That works out to a good weekly wage of $750 per week and a good monthly wage of $3,250 per month. However, using the median income is only one way to calculate a good salary in Knoxville.
What is considered rich in Knoxville TN?
Even using that flawed benchmark, are you rich? A recent Business Insider article assumed that being rich is a relative measure: a family with twice the median income of their community is rich. Using that definition, a Knox County family with annual income of $105,000 is rich.
What income is considered rich 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 a good salary in Tennessee?
How much does a Comfortable make in Tennessee? 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 Knoxville poor city?
Knoxville has a poverty rate of 25%, well above the Tennessee average (16.1%) and the national average (15.1%).
What is the poverty line in Knoxville TN?
Table
| Population | |
|---|---|
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $41,598 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $26,903 |
| Persons in poverty, percent | 22.5% |
What is the main industry in Knoxville TN?
The largest industries in Knoxville, TN are Retail Trade (13,941 people), Health Care & Social Assistance (13,087 people), and Educational Services (10,990 people), and the highest paying industries are Mining, Quarrying, & Oil & Gas Extraction ($95,577), Management of Companies & Enterprises ($71,875), and Utilities
Is it cheaper to live in Tennessee or Florida?
If the average cost of living in the United States is 100, Florida has an overall score of 97.9. This is considerably more than Tennessee, which has an overall cost of living score of 88.7. When comparing the numbers, this means Florida is nearly 10% more expensive to live in than Tennessee.
Why is rent so high in Knoxville TN?
The total amount of rental units in Knoxville is around 8,300. That lack of availability allows landlords and apartment managers to raise the price of rent, which maximizes their profit. With the competitive nature of the market, some renters are willing to pay the price.
What is the best area to live in Knoxville TN?
Here are some of the best neighborhoods in Knoxville if you are considering moving to Eastern Tennessee.
- Downtown Knoxville. One of the best neighborhoods in Knoxville is the city center itself.
- Farragut.
- Oak Ridge.
- Maryville.
- Alcoa.
- Seymour.
- Norris.
- Work With the Top Realtors in Knoxville.
What is minimum wage in Knoxville Tennessee?
$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. The minimum wage applies to most employees in Tennessee, with limited exceptions including tipped employees, some student workers, and other exempt occupations.
What is the average salary per year in Tennessee?
Average Salary in Tennessee. $48,501 is the 25th percentile. Salaries below this are outliers. $73,487 is the 75th percentile.
How much is a gallon of milk in Knoxville?
A gallon of milk in Knoxville ranges $3.20-$4.00, depending on brand and market location.
What’s it like to live in Knoxville Tennessee?
Knoxville is in Knox County and is one of the best places to live in Tennessee. Living in Knoxville offers residents a dense suburban feel and most residents rent their homes. In Knoxville there are a lot of restaurants and parks. Many young professionals live in Knoxville and residents tend to lean conservative.
How much are utilities Knoxville?
Knoxville households pay an average monthly utility bill of $168.19 to cover gas, fuel, electricity, and water. Learn more about the estimated utility costs per city! This rate doesn’t include services like Wi-Fi and cell coverage, so be sure to set aside around $185.84 per month to cover those costs in Knoxville.