The ACS survey shows the median per capita income for Tennessee was $31,224 in 2019. Compared to the US per capita income, Tennessee per capita income is $4,448 lower. Per capita income numbers for 2020 will be released in September of 2021.
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What is middle class income in Tennessee?
$21,573 per year
(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 the average income per person 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 is the average single person income?
The Bureau of Labor Statistics reported a median personal income of $865 weekly for all full-time workers in 2017. The U.S. Census Bureau lists the annual real median personal income at $35,977 in 2019 with a base year of 2019.
What is upper middle class in Tennessee?
Upper-middle class households were defined as households with an adjusted gross income between $100,000 and $200,000. Tennessee ranked 6th among all states with a net migration of 3,215 to the state during the time period with 10,664 moving to the Volunteer State and 7,449 moving elsewhere.
How much money do you need 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.
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.
What is considered wealthy in Tennessee?
To be considered rich in the Nashville, Tennessee, metro area, you need to make over $127,878.
What is high income Tennessee?
Money it takes to be considered rich in Nashville: more than $120,060. Money it takes to be in the top 1 percent in Tennessee: $308,834. Median income in Nashville: $60,030.
What is the poorest part of Tennessee?
The Center Square
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 a good salary for a single person to live comfortably?
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 high income for a single person?
For its purposes, the Pew Research Center considers a household to be upper class if its income is double the U.S. median household income. This means that, on average, a single person living alone needs to make just $78,281 to be considered upper class.
What is 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.
What income is lower class?
For high earners, a three-person family needed an income between $106,827 and $373,894 to be considered upper-middle class, Rose says.
What Is a Middle-Class Income?
| Income group | Income |
|---|---|
| Poor or near-poor | $32,048 or less |
| Lower-middle class | $32,048 – $53,413 |
| Middle class | $53,413 – $106,827 |
What salary is considered rich?
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 a middle class income for a single person?
Range of household incomes needed to be considered middle class, by family size
| State | Single | Couple |
|---|---|---|
| Arkansas | $22,675 – $68,025 | $32,067 – $96,202 |
| California | $29,851 – $89,552 | $42,215 – $126,646 |
| Colorado | $26,876 – $80,629 | $38,009 – $114,026 |
| Connecticut | $28,364 – $85,091 | $40,112 – $120,336 |
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 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 a good income?
Many factors affect the definition of a good salary in India.If we talk on average considering all the factors then it comes out to be around Rs 30,000 per month is a good salary with the average standard of living. Including all the expenses like transportation, groceries, personal expenses, and much more.
Is $150000 a good salary?
To many people worldwide, that salary is unattainable. But to a typical physician and the average reader of personal finance blogs geared toward the high-income professional, a $150,000 a year salary is nothing special — in fact, some would consider it to be “low income,” proving that everything is relative.
