In 2017, GoBankingRates.com estimated that residents should earn at least $70,150 annually. Actual median household income lags far behind, at $49,891. In contrast, the national median income is $55,300, according to the U.S. Census Bureau.
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What salary do you need to live in Nashville?
Recommended Salary in Nashville
The best rule to follow is the 30% rule, which states that your rent should only be 30% of your monthly income. The median cost of rent for a one-bedroom apartment in Nashville is $1,680. This translates to a recommended monthly income of at least $5,040 or around $60,480 per year.
How much do you need to live comfortably in Nashville?
NASHVILLE, Tenn. –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 salary in TN?
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 income in Nashville?
Median and Average Income in Nashville top
| Y-o-Y Change | ||
|---|---|---|
| Average Household Income | $92,485.88 | 5.0% |
| Median Household Income | $60,380.00 | 10.8% |
| People below Poverty Level | 67,126 | -9.2% |
| People above Poverty Level | 363,153 | 2.2% |
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 overpriced?
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 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.
Is it cheaper to live in Nashville or Atlanta?
Atlanta is 6.0% more expensive than Nashville-Davidson. Atlanta housing costs are 1.1% less expensive than Nashville-Davidson housing costs. Health related expenses are 5.1% less in Atlanta.
Is Nashville more expensive than Chicago?
The cost of living in Nashville, TN is -17.2% lower than in Chicago, IL.Employers in Nashville, TN typically pay -12.4% less than employers in Chicago, IL.
What is rn salary?
Most registered nurses begin their career on a salary between $60,000 – $65,000.
What is a comfortable salary?
The median necessary living wage across the entire US is $67,690. The state with the lowest annual living wage is Mississippi, with $58,321. The state with the highest living wage is Hawaii, with $136,437.
What is a comfortable annual salary for a family of 4?
In fact, The average single female household makes $40,233. While the average single male household makes $55,190. So 100k, in fact, is a good salary for a single person, but how does that measure up for a family of four?
Family of 4 Making 100k 50/30/20 budget rule.
| Needs | 50% | $2,970.0 |
|---|---|---|
| Savings/Debt | 20% | $1,188.0 |
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.
Is Nashville a poor city?
Nashville reached it’s highest population of in . Spanning over 497 miles, Nashville has a population density of 1,427 people per square mile. The average household income in Nashville is $83,348 with a poverty rate of 15.09%.
Nashville Poverty.
| Name | Poverty |
|---|---|
| Bachelors or Greater | 5.17% |
Is it cheap to live in Nashville?
Lowest monthly cost of living
The study ranked Nashville at No. 23 on a list of the top 75 major U.S. cities that pay the highest cost of living. That ranking showed that in 2019 it is more expensive to live in Nashville than Dallas, Baltimore and Atlanta.
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 |
What is the average 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 |
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 Nashville a clean city?
20. Nashville. Music City combines a decent nightlife with not-so-decent parks and only a modest environmentally aware persona. It still qualifies as the cleanest of the dirty-city middle ground.
