Living Wage Calculation for Shelby County, Tennessee
| 1 ADULT | ||
|---|---|---|
| 0 Children | 3 Children | |
| Living Wage | $13.28 | $41.71 |
| Poverty Wage | $6.13 | $12.60 |
| Minimum Wage | $7.25 | $7.25 |
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Contents
What is a good salary in Memphis TN?
Average Salary in Memphis, TN
| Annual Salary | Weekly Pay | |
|---|---|---|
| Top Earners | $84,893 | $1,632 |
| 75th Percentile | $69,801 | $1,342 |
| Average | $58,468 | $1,124 |
| 25th Percentile | $46,691 | $897 |
What salary do you need to live comfortably in Tennessee?
Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 3 Children | |
| Required annual income after taxes | $23,718 | $55,588 |
| Annual taxes | $3,845 | $9,012 |
| Required annual income before taxes | $27,563 | $64,599 |
What is considered a living wage in 2020?
In 2020, the Department of Health and Human Services set the federal poverty level at $26,200 for a family of four. 5 That’s equivalent to about $12.60 per hour for a full-time worker. A living wage must at least be greater than the poverty level.
Is it expensive to live in Memphis?
Memphis’s housing expenses are 34% lower than the national average and the utility prices are 3% higher than the national average. Transportation expenses like bus fares and gas prices are 11% lower than the national average. Memphis has grocery prices that are 9% lower than the national average.
How much do you need to make to live comfortably in Memphis?
Memphis is another city where residents aren’t making enough to really take advantage of the low cost of living the way one would hope. While you would need less than $70,000 a year to live comfortably there, the median earner in the city is making less than $40,000 a year.
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 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 |
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 a living wage for one person?
$18.66
Living Wage Calculation for California
| 1 ADULT | ||
|---|---|---|
| 0 Children | 1 Child | |
| Living Wage | $18.66 | $40.34 |
| Poverty Wage | $6.13 | $8.29 |
| Minimum Wage | $12.00 | $12.00 |
How much is $15 dollars an hour monthly?
How much is $15 an hour per month? If you work 40 hours per week and make $15 an hour, you would earn $2,600 per month before taxes. This averages out to about $2,121 a month after taxes.
What is the living wage 2021?
The London Living Wage is £11.05 per hour. These figures are calculated annually by the Resolution Foundation and overseen by the Living Wage Commission, based on the best available evidence on living standards in the UK and in London.
Is Memphis worth moving to?
Low cost of Living – One of the things that makes Memphis so attractive to people who are relocating is the low cost of living. From the price of dinner, the utilities of a household and the cost of housing itself to the price of other good and services. The city itself boasts a 91.8 on the cost of living index.
Is Memphis a poor city?
The city of Memphis has a poverty rate of 27.8%. Child poverty is 44.9%, while the poverty rate for people over age 65 is the lowest of any age group at 15.8%. Poverty in Memphis has increased markedly for all ages and for non-Hispanic Blacks as a whole, while decreasing for non-Hispanic Whites and for Latinos.
What are the pros and cons of living in Memphis Tennessee?
Here are the key pros and cons of moving to Memphis, TN:
| The Pros of Living in Memphis | The Cons of Living in Memphis |
|---|---|
| You’ll enjoy sports | High sales tax |
| Memphians are friendly | You’ll need a car to move around in Memphis |
| Top-quality education | You may have to deal with tornadoes and violent storms |
Is Memphis affordable?
New stats from The Council on Community and Economic Research (CCER) rank Memphis as one of the cheapest cities for living in the entire country. Kiplinger used CCER’s most-current information to rank Memphis the 7th most affordable city in which to live in 2018.
Is Memphis a cheap place to live?
Suppose you’re considering a move to Memphis. In this case, the good news is that this city has one of the lowest costs of living for a large metro area in the United States, with prices typically well below national averages.Memphis is also an attractive place to live, in addition to being affordable.
Is Memphis a good place to live?
A Team for Any Sports Fan
The Memphis Redbirds (MiLB), Memphis Grizzlies (NBA), and Memphis Tigers (NCAA) all call this city home. In fact, these Memphis sports teams all play within less than a mile of one an other. The Grizzlies and Tigers play at FedExForum, and the Redbirds swing away at AutoZone Park.
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 state has lowest minimum wage?
The two states with the lowest minimum wage are Georgia ($5.15) and Wyoming ($5.15). However, employers in Georgia and Wyoming who are subject to the Fair Labor Standards Act must still pay the $7.25 Federal minimum wage.
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.
