What Income Is Considered Upper Class In Tennessee?

In Nashville, you’ll need to earn $115,609 or more to be considered a “rich” person in the top 20% of the city’s 663,750 residents. The ultra-rich, or the top 5% of earners in Nashville, make way more: $393,014 on average, according to the analysis.

What is upper-class in Tennessee?

The lowest income to be considered “rich” (Top 20%) in Memphis is $86,964. The average income of the top 20% comes in at $172,622. For the top 5%, the average income is $335,653.

What is considered upper-class 2020?

A family earning between $32,048 and $53,413 was considered lower-middle 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. Those who earn more than $373,894 are rich.

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What is the top 1 percent of income in Tennessee?

Tennessee

  1. Top 1% income threshold: $492,583.
  2. Top 5% income threshold: $201,597.

What salary range is upper-class?

Those making less than $42,000 make up the lower-income bracket, while those making more than $126,000 make up the upper-income bracket.

How many millionaires are in Tennessee?

List

Rank State Number of millionaire households
19 Tennessee 139,335
20 Indiana 138,739
21 Wisconsin 138,283
22 Missouri 132,176

What is a good salary in Nashville TN?

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

Who belongs to upper class?

Today, celebrities, politicians, investors, and other wealthy individuals fall into this group. In the United States, those who lived—and continue to live—in leadership roles in society are often considered part of the upper class. These are people whose status has been passed down through generations.

What is top 10 percent income in US?

This section’s factual accuracy may be compromised due to out-of-date information.

Data Top third Top 10%
Household income
Lower threshold (annual gross income) $37,500 $75,000
Exact percentage of individuals 33.55% 10.29%

What is considered upper class?

According to a 2018 report from the Pew Research Center, 19% of American adults live in “upper-income households.” The median income of that group was $187,872 in 2016. Pew defines the upper class as adults whose annual household income is more than double the national median.

What is considered wealthy in Nashville TN?

In Nashville, you’ll need to earn $115,609 or more to be considered a “rich” person in the top 20% of the city’s 663,750 residents. The ultra-rich, or the top 5% of earners in Nashville, make way more: $393,014 on average, according to the analysis.

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What percentage of Americans make over 200k?

According to the survey, 5.7% of all U.S. households earn more than $200k annually.

What does the top 10% earn?

Annual Wages of Top Earners

2020 Average Annual Wages
Group Avg. Wages
Top 1% of Earners $823,763
Top 5% of Earners $342,987
Top 10% of Earners $173,176

What are the 5 social classes?

Gallup has, for a number of years, asked Americans to place themselves — without any guidance — into five social classes: upper, upper-middle, middle, working and lower. These five class labels are representative of the general approach used in popular language and by researchers.

What is upper-middle class net worth?

Quintiles

Quintile Definition Median Net Worth
Next 20% Lower-Middle Class $43,760
Middle 20% Middle Class $104,700
Next 20% Upper-Middle Class $201,800
Top 20% Wealthy $608,900

What percentage of American households make over 300k?

Roughly 4,479,896 made $200,000 or more in full-year 2016. An income of $300,000 approached the 98.9% in 2016. 1,895,340 workers pulled down $300,000 or more in full-year 2016.

Where do the rich live in Tennessee?

Nolensville
Much smaller than Brentwood, Nolensville is a suburb of Nashville and the richest town in Tennessee and is home to some of the wealthiest residents of the state. The small suburb of Nashville has a population of just 8,390.

What is the wealthiest county in TN?

Williamson
Tennessee counties ranked by per capita income

Rank County Per capita income
1 Williamson $27,925
2 Wilson $27,814
3 Davidson $27,780
4 Knox $27,349

Who is the richest man in TN?

Richest billionaires in Tennessee

  • #7. Bill Haslam.
  • #6. Brad Kelley.
  • #5. Jon Yarbrough.
  • #4. Jimmy Haslam.
  • #3. Martha Ingram & family.
  • #2. Fred Smith.
  • #1. Thomas Frist Jr & family. – Net worth: $18.2 billion (#91 wealthiest in the world)
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What is middle class income 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.

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 $17.63 $35.29
Poverty Wage $6.19 $12.74
Minimum Wage $7.25 $7.25