How Much Do You Need To Make To Live Comfortably In Knoxville Tn?

Typical Expenses

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 salary do you need to live comfortably in Tennessee?

–A study by personal finance company Go Banking Rates finds in order to live comfortably in Nashville, residents need to make $80,548 per year. The study examined housing costs, the price of necessities such as food and healthcare, and average incomes among America’s 50 largest cities.

What is a good salary for a single person in Tennessee?

While ZipRecruiter is seeing salaries as high as $74,467 and as low as $15,187, the majority of salaries within the Person jobs category currently range between $25,475 (25th percentile) to $39,683 (75th percentile) with top earners (90th percentile) making $54,870 annually in Tennessee.

What is a good hourly wage in Tennessee?

$13.90 is the 25th percentile. Wages below this are outliers. $39.10 is the 90th percentile. Wages above this are outliers.
What are Top 10 Highest Paying Cities for Hourly Rate Jobs in Tennessee.

How much money do I need to live in Knoxville Tennessee?

Summary about cost of living in Knoxville, TN, United States: Family of four estimated monthly costs are 3,170$ without rent. A single person estimated monthly costs are 901$ without rent. Knoxville is 37.10% less expensive than New York (without rent).

Is it expensive to live in Knoxville TN?

Knoxville’s housing expenses are 29% lower than the national average and the utility prices are 4% lower than the national average. Transportation expenses like bus fares and gas prices are 17% lower than the national average. Knoxville has grocery prices that are 13% lower than the national average.

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 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.

Is it cheaper to live in TN or Al?

The cost of living in Chattanooga, Tennessee is essentially the same as Huntsville, Alabama. – Median Home Cost is the biggest factor in the cost of living difference. – Median Home Cost is 2% cheaper in Chattanooga. 100 = US Average.

How much money does a teacher make in Tennessee?

Tennessee is ranked No. 42 for public teacher salary with an average of $52,871 in the 2020-2021 school year, the report said.

Is $18 an hour good pay?

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. Whether it is enough, however, depends on a number of factors, including your spending habits, debt burden, family status, and home location.

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 paying job in Tennessee?

Detailed List Of Highest Paying Jobs In Tennessee

How much money does a single person need to live comfortably?

This means a single person needs to make at least $66,434 after taxes to live comfortably. After their basic living expenses are covered, an individual could spend $19,930 on wants and set $13,287 aside for savings or debt paydown.

What is average pay in Tennessee?

“We are pleased to report that the average wage for all occupations in Tennessee increased $0.30 cents per hour from $19.55 to $19.85/hourly,” Commissioner Burns Phillips said. Increase in the state’s average hourly wage represents a yearly average wage of $41,296.00.

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.

Is Knoxville safe to live?

Knoxville has one of the highest crime rates in America and there is a chance of becoming a victim of either violent or property crime there.

What are the cons of living in Knoxville Tennessee?

The Pros and Cons of Living in Knoxville, TN

• PRO: Living in Knoxville, TN is Affordable.
• CON: Crime is a Problem in Knoxville, TN.
• PRO: Knoxville, TN has Great Public Schools.
• CON: Public Transportation is Lacking.
• PRO: The Weather in Knoxville is Mild Most of the Year.
• CON: Summers in Knoxville Are Sweltering.

Is Knoxville or Chattanooga safer?

Every city deals with its fair share of crime, and Chattanooga and Knoxville are no different. Both cities have crime rates that are above the national average. However, between the two, Chattanooga has the higher total crime rate.