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 |
What is a good salary in Nashville TN?
In 2017, GoBankingRates.com estimated that residents should earn at least $70,150 annually. Actual median household income lags far behind, at $49,891.
How much do you need to live comfortably in Nashville?
A 2018 study by GoBankingRates found Nashville residents need to make $85,000 a year to “live comfortably,” $34,000 more than the city’s median income.
What is considered rich in Nashville TN?
In Music City, the lowest income to be considered “rich” (Top 20%) is $115,609. The average income of the top 20% comes in at $212,201. For the top 5%, the average income is $393,014.
What is the average income in Nashville?
The US average is $28,555 a year. – The Median household income of a Nashville (zip 37209) resident is $44,829 a year. The US average is $53,482 a year.
Income and Salaries for Nashville (zip 37209)
| ECONOMY | Nashville, Tennessee | United States |
|---|---|---|
| Family Median Income | $61,690 | $70,850 |
| POPULATION BY OCCUPATION |
What is upper class income 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 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.
Is living in Nashville worth it?
Compared to other cities in the United States, Nashville was ranked number 23 out of 75 when comparing high costs of living. While the city is still relatively affordable, in 2019 it was ranked as more expensive to live in than Dallas, Baltimore, and Atlanta. Residents spend the most money on rent and food.
What is a good salary in Tennessee?
How much does a Comfortable make in Tennessee? As of May 20, 2022, the average annual pay for the Comfortable jobs category in Tennessee is $39,591 a year. Just in case you need a simple salary calculator, that works out to be approximately $19.03 an hour. This is the equivalent of $761/week or $3,299/month.
Why is Nashville rent so high?
The growing job market and low unemployment rate helped make Nashville one of the top markets for rent growth last year, with a similar growth in rents expected this year as well. Nashville is the capital of Tennessee and the most populated city in the state.
Where do rich live in Nashville?
Belle Meade – With homes ranging all the way up to $18 million, this is one of the most expensive areas in the entire city. You will find many homes on large lots with at least 5,000 square feet in this neighborhood. Green Hills – Many homes in this neighborhoods range from $1 to $3 million.
What salary is considered wealthy?
With a $500,000+ income, you are considered rich, wherever you live! According to the IRS, any household who makes over $500,000 a year in 2022 is considered a top 1% income earner. Of course, some parts of the country require a higher income level to be in the top 1% income, e.g. Connecticut at $580,000.
What salary is considered upper class for a single person?
An upper class income is usually considered at least 50% higher than the median household income. Therefore, an upper class income in America is $100,000 and higher.
Who is the largest employer in Nashville?
Here are the top 10 employers in the Nashville metro area, ranked by number of employees.
- Metro Nashville-Davidson Co.
- U.S. Government: 12,891.
- HCA Holdings Inc.: 10,180.
- Nissan North America Inc.: 10,100.
- Saint Thomas Health: 7,100.
- Community Health Systems Inc.: 5,000.
- Randstad: 4,361.
- Asurion: 4,000.
What is the poverty line in Nashville?
Poverty: The proportion of people living under the federal poverty line increased from an estimated 15.0% in 2017 to 15.3% in 2018 (Figure 2). * In 2018, the poverty threshold for a family of three was about $20,000 per year.
Is Nashville a poor city?
The poverty rate in Nashville-Davidson metropolitan government (balance) is 17.2%. One out of every 5.8 residents of Nashville-Davidson metropolitan government (balance) lives in poverty.
Is Nashville a wealthy city?
Now, the bad news: Nashville’s metro area has an abundance of wealthy areas, some of which are among the wealthiest in the nation. GAIN ACCESS TO EVERY LOCAL INSIGHT, LEAD AND MORE!
What is the cost of living in Nashville Tennessee?
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 |
Is 75k a good salary?
Given this, a good salary would be $75,000. It is higher than the national average and hovers around the average salary for the four most expensive states in the nation. In other words, a $75,000 salary would cover the basic necessities in even the priciest of areas.
What is considered lower class in TN?
Lower-income households had incomes less than $45,200 and upper-income households had incomes greater than $135,600 (incomes in 2016 dollars), Kochhar said.
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.
