Average Salary in Nashville, TN
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $87,462 | $7,288 |
| 75th Percentile | $71,913 | $5,992 |
| Average | $58,808 | $4,900 |
| 25th Percentile | $48,104 | $4,008 |
Contents
What is a good salary to live in Nashville TN?
–A study by personal finance company Go Banking Rates finds in order to live comfortably in Nashville, residents need to make $80,548 per year. The study examined housing costs, the price of necessities such as food and healthcare, and average incomes among America’s 50 largest cities.
What is a good annual 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 considered high class in Tennessee?
In Memphis, Tennessee, you’re considered rich if you make $99,618, which ranked at the bottom on the list of cities. Tampa ranked right behind Memphis in the bottom spots followed by Miami, Cleveland, Ohio, and Las Vegas, Nevada. But at least we’re not San Jose, California.
How much do you have to make to be rich in Nashville?
To be considered rich in the Nashville, Tennessee, metro area, you need to make over $127,878.
What is a livable salary 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 |
Is Nashville expensive to live in?
Overall, the average cost of living in Nashville is about 3% lower than the U.S. national average. (Though as the most popular city in the state, Nashville is roughly 7% more expensive to live in than the rest of Tennessee.) Housing prices are 9% lower than the nation’s average, and utility expenses are 10% lower.
What is 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 the average pay in TN?
“We are pleased to report that the average wage for all occupations in Tennessee increased $0.30 cents per hour from $19.55 to $19.85/hourly,” Commissioner Burns Phillips said. Increase in the state’s average hourly wage represents a yearly average wage of $41,296.00.
How much is the average income in Tennessee?
Table
| Population | |
|---|---|
| Mean travel time to work (minutes), workers age 16 years+, 2015-2019 | 25.2 |
| Income & Poverty | |
| Median household income (in 2019 dollars), 2015-2019 | $53,320 |
| Per capita income in past 12 months (in 2019 dollars), 2015-2019 | $29,859 |
What salary is upper class?
What Is a Middle-Class Income?
| Income group | Income |
|---|---|
| Low income | Less than $40,100 |
| Middle income | $41,000 – $120,400 |
| Upper income | More than $120,400 |
What is middle class income TN?
(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 salary is considered middle class for a single person?
Range of household incomes needed to be considered middle class, by family size
| State | Single | Family of four |
|---|---|---|
| California | $29,851 – $89,552 | $59,702 – $179,105 |
| Colorado | $26,876 – $80,629 | $53,752 – $161,257 |
| Connecticut | $28,364 – $85,091 | $56,727 – $170,181 |
| Delaware | $26,146 – $78,437 | $52,291 – $156,873 |
What salary is considered wealthy?
With a $500,000+ income, you are considered rich, wherever you live! According to the IRS, any household who makes over $470,000 a year in 2021 is considered a top 1% income earner.
What is middle class in Nashville?
There seems to be an engine of prosperity in Nashville that’s helping pull the income distribution to the right.” In 2017, 63.2 percent of the metro area’s households were in the broad middle class, defined as having incomes between $23,000 and $113,000, according to the Brookings analysis of Census data.
What is upper class net worth?
Households with a net worth of $1 million or more may be classified as members of the upper class, depending on the definition of class used.
What’s the average cost of living in Nashville?
Nashville-Davidson cost of living is 101.4
| COST OF LIVING | Nashville-Davidson | Tennessee |
|---|---|---|
| Health | 96.7 | 101.9 |
| Housing | 113.3 | 71.2 |
| Median Home Cost | $341,700 | $231,600 |
| Utilities | 99.3 | 96.7 |
Can I afford to move to Tennessee?
Low property taxes and no state income tax are just two reasons why you can afford to live in Tennessee comfortably.According to BestPlaces, the cost of living index score for Tennessee is 87.6, well below the national average. Home prices are exceptionally affordable, compared to many other parts of the country.
Is it cheaper to live in Las Vegas or Nashville?
The cost of living in Nashville, TN is -3.0% lower than in Las Vegas, NV. You would have to earn a salary of $58,188 to maintain your current standard of living. Employers in Nashville, TN typically pay -9.0% less than employers in Las Vegas, NV.
Is it cheaper to live in Knoxville or Nashville?
Knoxville is 15.7% less expensive than Nashville-Davidson. Knoxville housing costs are 33.8% less expensive than Nashville-Davidson housing costs. Health related expenses are 1.0% less in Knoxville.
Is it cheaper to rent or buy in Nashville?
In a twist of market dynamics, the cost of renting a three-bedroom apartment is currently cheaper than owning an average-priced single-family home in Nashville.An average-priced home for $260,000, with 3 percent down, costs $1,798 per month with property tax, and homeowners’ and mortgage insurance payments included.
