In Nashville, you’ll need to earn $115,609 or more to be considered a “rich” person in the top 20% of the city’s 663,750 residents. The ultra-rich, or the top 5% of earners in Nashville, make way more: $393,014 on average, according to the analysis.
What is considered upper class in TN?
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 in Nashville TN?
In 2017, GoBankingRates.com estimated that residents should earn at least $70,150 annually. Actual median household income lags far behind, at $49,891.
What is the top 1% income for Tennessee?
Tennessee
- Top 1% income threshold: $492,583.
- Top 5% income threshold: $201,597.
What is middle class in Nashville?
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.
Where do rich live in Nashville?
Known for large country estates and rolling hills, Brentwood is an affluent suburb south of Nashville and one of the wealthiest cities in the country. The wealth in the area is relatively new too and has luxury car dealers, such as Mini, Porsche, and Audi, to thank for its growth.
What salary is upper class?
In 2021, the median household income is roughly $68,000. An upper class income is usually considered at least 50% higher than the median household income. Therefore, an upper class income in America is $100,000 and higher.
Is Nashville a wealthy city?
Now, the bad news: Nashville’s metro area has an abundance of wealthy areas, some of which are among the wealthiest in the nation. Join the Memphis Business Journal to unlock even more insights!
How much money do I need to live comfortably in Nashville?
The recommended salary in Nashville is $4,323 per month or $51,876 annually. This total reflects a salary that would allow a renter to live comfortably and afford to cover the median rent for a one-bedroom apartment in Nashville which sits at $1,297.
What is the average cost of a house in Nashville Tennessee?
According to RE/MAX Advantage, the average median home price in Nashville is $405,000.
What is the richest city 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 the wealthiest county in Tennessee?
Williamson
Tennessee counties ranked by per capita income
| Rank | County | Per capita income |
|---|---|---|
| 1 | Williamson | $27,925 |
| 2 | Wilson | $27,814 |
| 3 | Davidson | $27,780 |
| 4 | Knox | $27,349 |
What percentage of individuals make over $100 000 a year?
The individual annual income of 24% of Americans exceeded $100,000 in 2020. The annual income of 34% of American households exceeds $100,000. In the five years to 2022, American households earning over $100,000 a year increased by 4.1%.
What is a good salary in Tennessee?
How much does a Comfortable make in Tennessee? As of Aug 2, 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 considered upper middle class?
A family earning between $32,048 and $53,413 was considered lower-middle class. 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.
How many millionaires are in Tennessee?
139,335
List
| Rank | State | Number of millionaire households |
|---|---|---|
| 19 | Tennessee | 139,335 |
| 20 | Indiana | 138,739 |
| 21 | Wisconsin | 138,283 |
| 22 | Missouri | 132,176 |
What is the wealthiest part of Nashville?
Belle Meade – With homes ranging all the way up to $18 million, this is one of the most expensive areas in the entire city. You will find many homes on large lots with at least 5,000 square feet in this neighborhood. Green Hills – Many homes in this neighborhoods range from $1 to $3 million.
What’s the richest part of Nashville?
Here Are The 7 Richest Neighborhoods In Nashville
- The Gulch. The Gulch, Nashville, TN 37203, USA.
- Belmont-Hillsboro. Hillsboro-Belmont, Nashville, TN, USA.
- 12th Avenue South. 12th Avenue South, 12th Ave S, Nashville, TN, USA.
- Oak HIlls. Michael Hicks – Flickr.
- Forest Hills. Forest Hills, TN, USA.
- Green Hills.
- Belle Meade.
Where do celebrities stay in Nashville?
When it comes to haute accommodations, Hutton Hotel, located in Nashville’s established West End, is one of the city’s best-kept secrets for celebrity sightings.
Are doctors High class?
The upper-middle-class usually evolves out of people from the middle-class tier who are particularly resourceful or who achieve higher levels of education than the rest of the middle class. Examples of these people in today’s society are doctors and lawyers.
What is considered rich by age?
Here’s the net worth each generation says you need to be considered wealthy in 2021: Millennials (ages 24 to 39): $1.4 million. Gen X (ages 40 to 55): $1.9 million. Baby boomers (ages 56 to 74): $2.5 million.