What Is The Average Household Income In Tennessee?

$54,833.
Table

What is upper class income in Tennessee?

The average income of the top 20% comes in at $172,622. For the top 5%, the average income is $335,653.

What is the average individual income in Tennessee?

Poverty is a measure of income, and is an important indicator for many federal, state, and local assistance programs. In 2018, the annual per capita personal income was $47,179 in Tennessee, with county averages ranging from $23,175 to $95,339. The average income for rural counties in Tennessee is just $36,377.

How much money does the average household in Tennessee earn per year?

54,665 U.S. dollars
In 2020, the median household income in Tennessee amounted to 54,665 U.S. dollars. This is a marginal decrease from the previous year, when the median household income in the state amounted to 56,627 U.S. dollars.

What is considered middle income in Tennessee?

$21,573 per year
(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.

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 the wealthiest zip code in Tennessee?

10 Richest Tennessee Zip Codes

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 the average cost of living in Tennessee?

Average Cost of Living in Tennessee: $37,499 per year.

What salary do you need to live in Nashville?

Cost-of-living increases have hit Nashville for years. A 2018 study by GoBankingRates found Nashville residents need to make $85,000 a year to “live comfortably,” $34,000 more than the city’s median income.

How much money do you need to live comfortably in Tennessee?

Typical Expenses

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 poverty level in TN?

Poverty: The proportion of people living under the federal poverty line increased from an estimated 15.0% in 2017 to 15.3% in 2018 (Figure 2). * In 2018, the poverty threshold for a family of three was about $20,000 per year.

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.

How many millionaires are in Tennessee?

139,335
List

What income is considered rich?

In the U.S. overall, it takes a net worth of $2.2 million to be considered “wealthy” by other Americans — up from $1.9 million last year, according to financial services company Charles Schwab’s annual Modern Wealth Survey.

What is the richest city in TN?

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 poorest town in Tennessee?

Morristown was ranked the poorest city in Tennessee in a 24/7 Wall St.
The Center Square.

Is Tennessee the poorest state?

The rate varies widely from state to state, with most wealthy states having a poverty rate below 9%. In contrast, the nation’s poorest state has a poverty rate twice that.
Poorest States 2022.

Is Belle Meade a rich area?

The Lifestyle. As one of Nashville’s most affluent neighborhoods, Belle Meade offers premier opportunities for a luxurious lifestyle.

What is the richest zip code in Georgia?

30327
10 Richest Georgia Zip Codes