A good salary in Memphis, TN is anything over $39,000. That’s because the median income in Memphis is $39,000, which means if you earn more than that you’re earning more than 50% of the people living in Memphis. The average salary in Memphis is $47,593. A good hourly wage in Memphis is $18.75 per hour.
How much do you need to make to live comfortably in Memphis?
In Memphis, the site lists the median income as $38,230 a year, but says the needed income if you’re a homeowner is $63,595 a year, and that the needed income if you’re a renter is $69,331.
How much do you need to live in Memphis TN?
Summary about cost of living in Memphis, TN, United States: Family of four estimated monthly costs are 3,001$ without rent. A single person estimated monthly costs are 861$ without rent.
What is a comfortable salary in Tennessee?
$42,058 a year
How much does a Comfortable make in Tennessee? As of Jul 28, 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 the highest paying job in Memphis?
Internists, General
Detailed List Of Highest Paying Jobs In Memphis
| Rank | Job Title | Average Salary |
|---|---|---|
| 1 | Internists, General | $274,720 |
| 2 | Surgeons | $265,790 |
| 3 | Physicians and Surgeons, All Other | $238,530 |
| 4 | Pediatricians, General | $220,990 |
What is a good salary at 30?
From ages 25-34, the median wage is $60,000 and will increase to a median wage of $90,000 by ages 45-59. Compare that with a major in the health field, which has a median wage of $53,000 at ages 25-34 and grows to a median wage of $72,000 by ages 45-59.
Is living in Memphis expensive?
Memphis’s housing expenses are 23% lower than the national average and the utility prices are 13% lower than the national average. Transportation expenses like bus fares and gas prices are 12% lower than the national average. Memphis has grocery prices that are 9% lower than the national average.
Why is rent so high in Memphis?
The increasing number of renovations is related to what national experts say is the main driver of rent increases in places like Memphis: more people deciding to rent there. During earlier parts of the pandemic, many people moved out of cities and more young adults decided to live with friends or family.
Where is the safest place to live in Memphis?
If you’re looking for a safe, affordable spot to settle down in Memphis, check out these five neighborhoods!
- Binghampton.
- Cooper-Young.
- East Memphis.
- Germantown.
- Midtown.
Is Memphis cheap to live?
Memphis has a fairly low cost of living for a large metro area. Rent prices and mortgage expenses are considerably lower than the national average. Expenses for food and services are also significantly lower than in other major regions, especially in the more rural areas that spread out beyond the metro region.
What is a livable salary in Tennessee?
Living Wage Calculation for Davidson County, Tennessee
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $17.63 | $21.44 |
| Poverty Wage | $6.19 | $6.37 |
| Minimum Wage | $7.25 | $7.25 |
What income is considered upper class in Tennessee?
The average income of the top 20% comes in at $172,622. For the top 5%, the average income is $335,653. In Music City, the lowest income to be considered “rich” (Top 20%) is $115,609. The average income of the top 20% comes in at $212,201.
What is a good salary for a single person in Tennessee?
Person Salary in Tennessee. $25,475 is the 25th percentile. Salaries below this are outliers. $39,683 is the 75th percentile.
What is the highest paying job without college?
Here are the highest paying jobs without a college degree:
- Patrol Officer.
- Executive Assistant.
- Sales Representative.
- Flight Attendant.
- Electrician.
- Plumber.
- Wind Turbine Technician.
What’s the highest paid job in the world?
The highest-paying job in the world, in a traditional sense, holds the number one spot in this article: anesthesiologist. They are also the only job listed above $300,000 a year. The list, however, does not take into account mega-CEOs like Warren Buffett and Jeff Bezos, who make considerably more than that.
What are the highest paying jobs in Tennessee?
Detailed List Of Highest Paying Jobs In Tennessee
| Rank | Job Title | Average Salary |
|---|---|---|
| 1 | Vice President, Field Operations | $182,008 |
| 2 | Consultant And Sales Representative | $176,557 |
| 3 | Primary Care Physician | $172,355 |
| 4 | Chief Operating Officer, Chief Technology Officer | $165,128 |
At what age does salary peak?
According to the Bureau of Labor Statistics, workers earn the most when they are between the ages of 35 and 54. The biggest jump happens when you move from the 25-to-34 to the 35-to-44 age bracket.
How much should a 27 year old make?
What was the average and median income by age in 2021?
| Age | 25% | Median |
|---|---|---|
| 26 | $20,804.00 | $35,000.00 |
| 27 | $23,660.00 | $40,000.00 |
| 28 | $25,000.00 | $39,005.00 |
| 29 | $24,615.00 | $41,085.00 |
What salary is considered rich?
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.
What is the best part of Memphis to live in?
Check out this list of the five best neighborhoods and suburbs in Memphis for families!
- Bartlett.
- Cordova.
- East Memphis.
- Germantown.
- River Oaks-Kirby-Balmoral.
Who is the richest man in Memphis?
To see all of Tennessee’s billionaires, click the slideshow.
Frist, the largest shareholder in HCA Holdings Inc., climbed to No. 149, with a net worth of $8.8 billion, compared to $7.3 billion last year. Tennessee’s second-highest-ranking billionaire is Memphis’ own Fred Smith, the founder and CEO of FedEx.