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.
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.
What is a good annual salary in Tennessee?
Person Salary in Tennessee. 16% of jobs $23,501 is the 25th percentile. Salaries below this are outliers. 11% of jobs $35,723 is the 75th percentile.
What income is considered upper class in Tennessee?
The average income of the top 20% comes in at $172,622. For the top 5%, the average income is $335,653. 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.
What is a liveable wage in Tennessee?
The values are reported in 2020 dollars. For a full breakdown of the data, click here. Based on MIT’s calculation, the average living wage for a single adult with no children to get by in Tennessee is $13.25. The wage is $6.00 higher than the minimum wage.
What is a good salary for a single person?
The average salary for a single person is $1,089 for men and $900 for women per week in the US. This equates to an annual income of $56,628 for men and $46,800 for women on average.
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 the best salary to live comfortably?
This means a single person needs to make at least $66,434 after taxes to live comfortably. After their basic living expenses are covered, an individual could spend $19,930 on wants and set $13,287 aside for savings or debt paydown.
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 considered a high salary?
A $80k salary is considered to be significantly above average and is an upper-middle-class salary. You can comfortably on that salary in any state. $56,000 is the average household salary in the US. Moreover, an individual income of $80,000 puts you in the top 25% of earners in the US.
What salary is considered rich?
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.
Is $27 an hour good pay?
40 hours multiplied by 50 weeks is 2,000 working hours in a year. Now simply multiply your hourly rate by the number of working hours in the year. $27 per hour multiplied by 2,000 working hours per year is an annual income of $54,000 per year.
Is 40k a year good?
If you’re offered a job with this salary, is $40,000 a year a good salary? According to the Economic Policy Institute, the average median salary in 2019 was approximately $19.33 per hour. This equates to $40k a year if you worked full-time. So a $40,000 a year salary is right at average.
Is 45000 a year a good salary?
Even though we’ve seen that $45,000 is a reasonably good salary, the type of lifestyle you can afford will depend on how many people you need to support with it. Is $45,000 a good salary for a single person? Yes, absolutely.
How much is the average 30 year old making?
What was the average and median income by age in 2021?
| Age | 25% | Median |
|---|---|---|
| 29 | $24,615.00 | $41,085.00 |
| 30 | $25,000.00 | $40,560.00 |
| 31 | $28,000.00 | $45,000.00 |
| 32 | $26,001.00 | $45,330.00 |
Is 40 dollars an hour good?
A $40-per-hour job provides an annual income of around $83,200.
What is considered middle class?
The Pew Research Center has put a financial definition to the term “middle income.” To be considered part of that group in 2021—which is synonymous with middle-class, according to Pew—a single American must have earned $30,003 to $90,010, according to a new set of reports released Wednesday.
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 |
What is the average household income in Tennessee?
The following data are the most current income statistics for Tennessee from the US Census Bureau, are in 2019 inflation adjusted dollars and are from the American Community Survey 2019 5-year estimates. Median Household Income: $53,320. Average Household Income: $74,750. Per Capita Income: $29,859.
Is 70k a year good money?
An income of $70,000 surpasses both the median incomes for individuals and for households. By that standard, $70,000 is a good salary.
What is a good salary to get married?
The rule of thumb is to have roughly the equivalent of your annual salary in savings by then, experts say. If you earn $50,000 a year, for example, you should aim to have $50,000 put away.
