Economic well-being
| Extreme poverty rate: | 8% |
|---|---|
| Percent of individuals who are uninsured: | 10.10% |
| Percent of jobs that are low-wage: | 25.30% |
| Percent of working families under 200% of the poverty line: | 32.60% |
| Poverty rate: | 13.90% |
What is the poverty level in Tennessee?
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.
Where in Tennessee is the poverty rate the highest?
Memphis’ 17.5% poverty rate is the highest among Tennessee metro areas and well above the 15.2% statewide rate. The area’s high poverty is attributable in part to a lack of economic opportunity, as the local five-year average jobless rate of 6.8% is also the highest of any metro area in the state.
What is the poverty level in Tennessee 2022?
Income Guidelines
| Number in Household | Maximum Income |
|---|---|
| 6 | $51,322 |
| 7 | $57,836 |
| 8 | $64,349 |
| Add $4,720 for each household over 8 persons. Based on 2022 federal poverty guidelines. Current as of 1/12/2022.Income guidelines are subject to change. |
What state is number 1 in poverty?
These states and territories have the highest percentages of poverty in the country: Mississippi, Louisiana, New Mexico, Kentucky, Arkansas, West Virginia, Alabama, the District of Columbia, South Carolina, and Georgia.
What’s the poorest city in Tennessee?
Morristown was ranked the poorest city in Tennessee in a 24/7 Wall St. analysis examining U.S. municipalities where households earn less than the nation’s median annual household income of $65,712.
What is the 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.
Is Tennessee poor or rich?
Tennessee is the thirty-fifth-richest state in the United States of America, with a per capita income of $28,764 (2017).
What state has the worst poverty?
Poverty rates were highest in the states of Mississippi (19.58%), Louisiana (18.65%), New Mexico (18.55%), West Virginia (17.10%), Kentucky (16.61%), and Arkansas (16.08%), and they were lowest in the states of New Hampshire (7.42%), Maryland (9.02%), Utah (9.13%), Hawaii (9.26%), and Minnesota (9.33%).
Is Tennessee a low income state?
New data from the Census Bureau appear to lend support to Tennessee’s reputation as a “low tax state,” ranking it 49th nationally in taxes collected as a share of personal income.
What is considered low income for a single person 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 the income limit for food stamps 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 |
What is poverty level income?
The threshold in the United States is updated and used for statistical purposes. In 2020, in the United States, the poverty threshold for a single person under 65 was an annual income of US$12,760, or about $35 per day. The threshold for a family group of four, including two children, was US$26,200, about $72 per day.
Where is the poorest place in the US?
Places (2013—2017 American Community Survey)
| Rank | Place | State or territory |
|---|---|---|
| 1 | Little River CDP | California |
| 2 | Villanueva CDP | New Mexico |
| 3 | Nottoway Court House CDP | Virginia |
| 4 | Lower Santan Village CDP | Arizona |
What is the poorest zip code in the United States?
15929
1. 15929: East Wheatfield, Pa. The poorest zip code in the United States is tiny East Wheatfield, east of Pittsburgh, and on the Backlick Creek. The U.S. Census Bureau estimates it has about 70 residents.
Where do the poor live in America?
For the first time, suburbs became home to more poor residents than cities. In 2015, 16 million poor people lived in the suburbs, outnumbering the poor population in cities by more than 3 million, small metro areas by more than 6 million, and rural areas by more than 8 million.
What is a good salary in TN?
As of Aug 6, 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 the best small town to live in Tennessee?
The 10 Best Small Towns in Tennessee
- LYNCHBURG, TN.
- JONESBOROUGH, TN.
- FRANKLIN, TN.
- BELL BUCKLE, TN.
- TELLICO PLAINS, TN.
- TOWNSEND, TN.
- PIGEON FORGE, TN.
- GREENEVILLE, TN. For a major dose of heritage, head to Greeneville.
What is the cheapest county to live in Tennessee?
The cheapest county to live in is Van Buren County with a median home price of $98,000. These are 10 of the cheapest places to live in Tennessee, where many have relocated.
Who is the richest person in TN?
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.
What is the average single person income in Tennessee?
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.