Average Salary in Memphis, TN
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $93,771 | $45 |
| 75th Percentile | $70,328 | $34 |
| Average | $61,245 | $29 |
| 25th Percentile | $46,416 | $22 |
What is a good salary in Memphis Tennessee?
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.
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.
| City | Johnson City |
|---|---|
| Annual Salary | $40,724 |
| Monthly Pay | $3,394 |
| Weekly Pay | $783 |
| Hourly Wage | $19.58 |
What is the cost of living in Memphis TN?
Memphis cost of living is 76.0
| COST OF LIVING | Memphis | Tennessee |
|---|---|---|
| Grocery | 93.3 | 95.4 |
| Health | 98.4 | 101.9 |
| Housing | 37.1 | 71.2 |
| Median Home Cost | $123,800 | $231,600 |
What is a comfortable salary in Tennessee?
$42,058 a year
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.
What is upper class in Memphis?
The average Memphis income of the top 20 percent is $172,622, with the top five percent income being $335,653.
Is Memphis a wealthy city?
Germantown, which has long been the Memphis metro’s most affluent suburb, has a national rank of No. 607 nationally in affluence, while cities in Nashville, such as Belle Meade (No. 25); Forest Hills (No.
Wealthiest ZIP Codes.
| Rank | ZIP Code | City |
|---|---|---|
| 1 | 38139 | Germantown |
| 2 | 38138 | Germantown |
| 3 | 38120 | Memphis |
| View This List |
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.
What is 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 minimum wage in Memphis TN?
$7.25
Tennessee’s minimum wage hasn’t changed since 2009, when the federal minimum wage changed to $7.25.
What percent of Memphis is black?
64 percent
Black people in Memphis are 64 percent of the population. Whites make up 29 percent of the local population.
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.
Can you live on minimum wage in Tennessee?
But, like single adult households, Tennessee’s minimum wage does not fulfill the living wage requirements.
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.
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.
Where do the rich live in Memphis?
Germantown
Germantown is well-known as the Memphis metro’s most affluent area, and the homes there reflect that wealth.
Who is the richest family in Tennessee?
Richest billionaires in Tennessee
- #7. Bill Haslam.
- #6. Brad Kelley.
- #5. Jon Yarbrough.
- #4. Jimmy Haslam.
- #3. Martha Ingram & family.
- #2. Fred Smith.
- #1. Thomas Frist Jr & family. – Net worth: $18.2 billion (#91 wealthiest in the world)
- You may also like: Highest earning zip codes in Knoxville metro area.
Is Memphis a poor city?
Poverty Rankings
In 2020, Memphis placed again in the top spot in both overall poverty and child poverty among large Metropolitan Statistical Areas (MSAs) with populations greater than 1,000,000.
What is the richest town in Tennessee?
1. Nolensville. Much smaller than Brentwood, Nolensville is a suburb of Nashville and the richest town in Tennessee and is home to some of the wealthiest residents of the state.
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.