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 |
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Contents
How much do you need to make to live comfortably in Tennessee?
–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 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 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 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 |
Is Tennessee expensive to live in?
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.
Where is the most affordable place to live in Tennessee?
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 |
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.
How much is the average water bill in Tennessee?
The majority of Nashville residents pay $3.13 for a 5/8-inch water meter and on average, use up to 4,488 gallons of water per month. The first two units of water (1,496 gallons) is included in the fixed meter charge. The monthly water bill for an average Nashville residential customer is $12.45.
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 does Walmart pay in Tennessee?
Walmart in Nashville, TN Area Salaries
| Job Title | Location | Salary |
|---|---|---|
| Sales Associate salaries – 11 salaries reported | Nashville, TN Area | $12/hr |
| Walmart Sales Associate salaries – 10 salaries reported | Nashville, TN Area | $11/hr |
| Sales Associate/Cashier salaries – 10 salaries reported | Nashville, TN Area | $11/hr |
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 TN minimum wage 2021?
$7.25 per hour
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 is a good hourly wage?
The national mean salary in the United States is $56,310 according to the National Compensation Survey. That works out to be $27 per hour. So in order to be above average, you have to earn more than $28 per hour. Why not be way above average and find a job that pays $30 more than the average hourly salary?
What is considered low income for a single person?
By government standards, “low-income” earners are men and women whose household income is less than double the Federal Poverty Level (FPL). For a single person household, the 2019 FPL was $12,490 a year. That means that a single person making less than $25,000 a year would be considered low income.
Why is the cost of living so low in Tennessee?
Tennessee is a fairly cheap place to live, compared to the rest of the country. The cost of living index is 86.5, compared to the national average of 100. This is mostly due to the majority of the state being in rural areas and the lack of a state income tax.
How much are utilities in Tennessee?
Numbeo.com data from 2019 shows what the average monthly utility bills for a 915 square-foot apartment cost in Tennessee’s largest cities. In Nashville, residents can expect to pay $159.32, while $145.29. For comparison, the national average is $151.96.
What state has the cheapest cost of living?
States with the Lowest Cost of Living
- Mississippi. Mississippi has the lowest cost out of living of all 50 states.
- Oklahoma. Oklahoma has the second-lowest cost of living in the United States.
- Arkansas. The state with the third-lowest cost of living in Arkansas.
- Kansas.
- Missouri.
- Georgia.
- Alabama.
- New Mexico.
Does it snow in Tennessee?
Before we answer the question “where does it snow in Tennessee?”, we thought it was worth going over when it snows in this southern state. What is this? Generally, Tennessee sees snow during January and February.In the cities in Tennessee, it snows far less, and the average snowfall is more like 1 or 2 inches.
Do homes in Tennessee have basements?
Basements are more common in some other parts of the country than in Middle Tennessee, where rocky conditions encourage the use of crawl spaces or concrete slab construction. “Many people relocating from areas where basements are a staple are really excited to see them here because they are so rare,” said Lucy.
Where is the cheapest place to buy a house in Tennessee?
Memphis. Memphis is by far the most affordable of Tennessee’s major cities. With a population of over 650,000 and growing, Memphis is the second largest city in Tennessee and 25th largest in the United States. And with a median home value of $85,900, Memphis offers big city amenities at a fraction of the cost.
