Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Other | $2,875 | $6,216 |
| Required annual income after taxes | $23,718 | $51,856 |
| Annual taxes | $3,845 | $8,407 |
Contents
What is a livable wage in Tennessee?
Living Wage Calculation for Davidson County, Tennessee
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $14.84 | $30.69 |
| Poverty Wage | $6.13 | $12.60 |
| Minimum Wage | $7.25 | $7.25 |
What is a comfortable salary in Tennessee?
Comfortable Salary in Tennessee
| Annual Salary | Weekly Pay | |
|---|---|---|
| Top Earners | $58,754 | $1,129 |
| 75th Percentile | $41,833 | $804 |
| Average | $39,591 | $761 |
| 25th Percentile | $27,262 | $524 |
What is a good salary in Tennessee?
While ZipRecruiter is seeing salaries as high as $60,636 and as low as $14,101, the majority of salaries within the Person jobs category currently range between $23,501 (25th percentile) to $35,723 (75th percentile) with top earners (90th percentile) making $48,414 annually in Tennessee.
What is the average cost of living in TN?
Our cost of living indices are based on a US average of 100. An amount below 100 means Tennessee is cheaper than the US average.
Tennessee cost of living is 87.6.
| COST OF LIVING | Tennessee | United States |
|---|---|---|
| Health | 101.9 | 100 |
| Housing | 71.2 | 100 |
| Median Home Cost | $231,600 | $291,700 |
| Utilities | 96.7 | 100 |
What jobs are in high demand in Tennessee?
Detailed List Of The Fastest Growing Jobs In Tennessee
| Rank | Job Title | Jobs in 2024 |
|---|---|---|
| 1 | Physical Therapist Assistant | 3,630 |
| 2 | Diagnostic Medical Sonographer | 2,220 |
| 3 | Tax Preparer | 3,400 |
| 4 | Physical Therapy Aide | 1,750 |
What is considered middle class in TN?
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.
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 a good hourly wage in Tennessee?
Hourly Rate Salary in Tennessee
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $58,754 | $28 |
| 75th Percentile | $45,593 | $22 |
| Average | $37,551 | $18 |
| 25th Percentile | $27,262 | $13 |
What is considered poverty level income in TN?
Their household income is at or below 250% of the federal poverty level (FPL). For a family size of 2 that is $43,550 per year. For a family of four that is $66,250 per year. For more information look at the last column on the Income Guidelines chart.
What city in Tennessee has the lowest cost of living?
Most affordable places to live in Tennessee
| Rank | City | Annual Property Tax |
|---|---|---|
| 1 | Atoka, TN | $1,335 |
| 2 | Oakland, TN | $836 |
| 3 | La Follette, TN | $481 |
| 4 | Humboldt, TN | $735 |
Is TN a good state to live in?
Over the last 20 years, Tennessee has enjoyed an impressive rate of population growth. Low tax rates, living costs, and high quality of life have kept people on the move to Tennessee. It’s not a perfect place, but for the price, Tennessee is about as good as one can get.
How much is the average water bill in Tennessee?
Water Prices by State 2021
| State | Avg. Total Utilities | Water |
|---|---|---|
| Tennessee | $289 | $26 |
| Wyoming | $286 | $52 |
| Mississippi | $285 | $23 |
| North Carolina | $284 | $20 |
How much do utilities cost in Tennessee?
Utilities. According to the U.S. Energy Information Administration (EIA), the average monthly energy bill in Tennessee is $123.30. That’s $11.63 above the U.S. average energy utility bill of $111.67.
Are utilities expensive in Tennessee?
The cost of utilities in Nashville is slightly below the U.S. average, with a cost index of 99.3. The utility cost index for all of Tennessee is slightly lower than Nashville, at 96.7%. Nashville residents spend about 6.3% of their monthly income on utilities.
How much is the average electric bill in Tennessee?
In Tennessee, the average monthly electricity bill is around $123.30. This is just a slight step above the country’s average, which is $111.67. In total, most Tennessee residents pay around $145 a month for their utilities in total.
What are the wages in Tennessee?
Tennessee Minimum Wage for 2020, 2021. Tennessee’s state minimum wage rate is $7.25 per hour. This is the same as the current Federal Minimum Wage rate.
What are the highest paying trade jobs in Tennessee?
What are Top 5 Best Paying Related Skilled Trades Jobs in Tennessee
| Job Title | Annual Salary | Weekly Pay |
|---|---|---|
| Weather Trader | $65,080 | $1,252 |
| Trade Supervisor | $60,047 | $1,155 |
| Trades Supervisor | $57,097 | $1,098 |
| Work From Home Trades Supervisor | $55,480 | $1,067 |
Is Tennessee an expensive place to live?
Is it expensive to live in Tennessee? In short, no, Tennessee is actually a very inexpensive place to live. According to the 2021 Cost of Living Index, Tennessee ranks sixth place for lowest cost of living in the United States.With a score of 88.7, Tennessee comes in well below the national average.
What is upper class salary?
What Is a Middle-Class Income?
| Income group | Income |
|---|---|
| Lower-middle class | $32,048 – $53,413 |
| Middle class | $53,413 – $106,827 |
| Upper-middle class | $106,827 – $373,894 |
| Rich | $373,894 and up |
Is $40 000 a year middle class?
Pew defines “middle class” as a person earning between two-thirds and twice the median American household income, which in 2019 was $68,703, according to the United States Census Bureau. That puts the base salary to be in the middle class just shy of $46,000.
