Hourly Rate Salary in Tennessee
| Annual Salary | Weekly Pay | |
|---|---|---|
| Top Earners | $81,325 | $1,563 |
| 75th Percentile | $49,971 | $960 |
| Average | $47,737 | $918 |
| 25th Percentile | $28,904 | $555 |
What is the Tennessee average salary?
According to Business.org, Tennessee’s average salary is $34,890 per year.
What is a liveable salary in Tennessee?
Living Wage Calculation for Davidson County, Tennessee
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 1 Child | |
| Living Wage | $17.63 | $30.19 |
| Poverty Wage | $6.19 | $10.56 |
| Minimum Wage | $7.25 | $7.25 |
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’s a good salary for Tennessee?
$25,475 is the 25th percentile. Salaries below this are outliers. $39,683 is the 75th percentile. Salaries above this are outliers.
What is middle class income in TN?
You’ll need to make an income of at least $492,000 to find yourself in the 1% of the Volunteer State. That average of just under $500K puts Tennessee around the middle of the pack compared to the other states.
What income is considered upper class in Tennessee?
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.
Is it expensive to live in TN?
Tennessee’s quality of life is high, and its cost of living is low. Based on 2020 annual averages, Tennessee has the 8th lowest cost of living in the nation at 10.3% below the national average.
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.
How much does it cost to live in TN?
Average Cost of Living in Tennessee: $37,499 per year
Tennessee is among the most affordable 10 states, at No. 6, according to MERIC data gathered in the third quarter of 2021.
Is Tennessee a wealthy state?
Tennessee is the thirty-fifth-richest state in the United States of America, with a per capita income of $28,764 (2017).
What is a good salary in Nashville?
In 2017, GoBankingRates.com estimated that residents should earn at least $70,150 annually. Actual median household income lags far behind, at $49,891.
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 richest zip code in Tennessee?
37350
10 Richest Tennessee Zip Codes
| Rank | Zip Code | Mean Income |
|---|---|---|
| 1 | 37350 | $241,946 |
| 2 | 37220 | $203,090 |
| 3 | 38120 | $200,657 |
| 4 | 37069 | $198,443 |
What salary makes rich?
The average net worth needed to be considered wealthy and to be financially comfortable both rose from last year’s survey. In 2021, Americans said they needed $624,000 in net assets to live comfortably, while it would take $1.9 million to be rich.
What salary is 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.
Is rent expensive in Tennessee?
If you’re looking to rent, Tennessee is about as good an option as you’ll find. According to Apartment List data from 2019, a two bedroom apartment in the Volunteer State goes for just $854 a month, as compared to the $1,175 national median.
What is the best area to live in Tennessee?
9 Best Places to Live in Tennessee
- Nashville. You guessed it, “Music City” has made our list.
- Brentwood.
- Franklin.
- Germantown.
- Collierville.
- Nolensville.
- Murfreesboro.
- Oak Ridge.
Why is housing so cheap in Tennessee?
This is mostly due to the majority of the state being in rural areas and the lack of a state income tax. While cities such as Nashville have high housing costs, this is balanced by below average costs of transportation, healthcare and child care.
What is the income limit for snap in TN?
Who is eligible for Tennessee Food Stamp Program?
| Household Size* | Maximum Income Level (Per Year) |
|---|---|
| 1 | $17,667 |
| 2 | $23,803 |
| 3 | $29,939 |
| 4 | $36,075 |
Does Tennessee have free HealthCare?
TennCare is the state’s version of free health insurance known as Medicaid. It will provide comprehensive medical and health care coverage for needy as well as qualified low income residents of Tennessee. It is offered in partnership with community clinics.