Does Tennessee pay well? [Solved] (2022)

Does Tennessee pay well?

Tennessee was ranked near the bottom of the list for states with the best average salary. Tennessee was ranked number 41, just before Georgia at 42. According to Business.org, Tennessee's average salary is $34,890 per year.... read more ›

What is a good salary in Tennessee?

As of Sep 2, 2022, the average annual pay for the Comfortable jobs category in Tennessee is $42,608 a year. Just in case you need a simple salary calculator, that works out to be approximately $20.48 an hour. This is the equivalent of $819/week or $3,550/month.... see details ›

What is a liveable salary in Tennessee?

Living Wage Calculation for Davidson County, Tennessee
1 ADULT2 ADULTS (1 WORKING)
0 Children2 Children
Living Wage$17.63$35.29
Poverty Wage$6.19$12.74
Minimum Wage$7.25$7.25
... see details ›

What is a good hourly wage in Tennessee?

Hourly Rate Salary in Tennessee
Annual SalaryHourly Wage
Top Earners$92,317$44
75th Percentile$51,618$25
Average$49,384$24
25th Percentile$29,283$14
... view details ›

What's the average pay in Tennessee?

“We are pleased to report that the average wage for all occupations in Tennessee increased $0.30 cents per hour from $19.55 to $19.85/hourly,” Commissioner Burns Phillips said. Increase in the state's average hourly wage represents a yearly average wage of $41,296.00.... view details ›

Is it affordable to live in Tennessee?

In short, Tennessee enjoys an especially low cost of living. According to a study conducted by the World Population Review, in 2021 Tennessee is the country's sixth cheapest state to live in. That's pretty standard for The Volunteer State, where living costs have historically landed it in the top ten for affordability.... continue reading ›

Is TN a good state to live in?

Famous for its country music, low cost of living, southern comfort food, and beautiful natural landscape, moving to Tennessee could be the best decision of your life. Ranked as the second cheapest state to live in the United States, and the number one state to retire, Tennessee is a good state to live in.... read more ›

What is Tennessee minimum wage?

Tennessee's current minimum wage is $7.25 per hour. Tennessee does not have any state-specific labor laws relating to the minimum wage or overtime - a "promised wage law" does exist, however, requiring employers to promptly pay the wages promised to their employees.... continue reading ›

What do you need to make 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.... see details ›

What is 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.... read more ›

Are salaries lower in Tennessee?

Tennessee was ranked near the bottom of the list for states with the best average salary. Tennessee was ranked number 41, just before Georgia at 42. According to Business.org, Tennessee's average salary is $34,890 per year.... read more ›

Can a family of 4 live off of 65000 a year?

How much money does a family of 4 need? A family of 4 needs a minimum of $50,000/year to live modestly but comfortably. However, location and lifestyle choices will impact that significantly. In expensive states like California or New York, expect that number to be 2-3 times higher.... see more ›

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.... see more ›

What is the poverty line in TN?

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.... view details ›

Is rent expensive in Tennessee?

If you're looking to rent, Tennessee is about as good an option as you'll find. According to Apartment List data from 2019, a two bedroom apartment in the Volunteer State goes for just $854 a month, as compared to the $1,175 national median.... see more ›

What is the cheapest state to live in?

Mississippi. Mississippi is the cheapest state to live in in the United States. Overall, costs in the state are 17% lower than the national average.... see more ›

Are homes expensive in Tennessee?

Considering that Tennessee is one of the cheapest states to live in, it comes as no surprise that the average home price is on the lower side. Zillow calculated the typical home value as about $253,000 in late 2021.... see details ›

What are the negatives to living in Tennessee?

The Cons of living in Tennessee
  • The weather can be extreme at times. ...
  • There are nuclear power plants in Tennessee. ...
  • Traffic in Tennessee's major cities can be a nightmare. ...
  • It might take time to adapt to the humid climate. ...
  • Tennessee is a landlocked state.
Aug 1, 2022
... read more ›

Why is it so cheap to live in Tennessee?

This is mostly due to the majority of the state being in rural areas and the lack of a state income tax. While cities such as Nashville have high housing costs, this is balanced by below average costs of transportation, healthcare and child care.... see details ›

Why are people moving to Tennessee?

Tennessee Attracts Retirees

A study conducted by Bankrate found Tennessee to be the third best state in the U.S. for retirees and the most affordable. Its low cost of living, small tax burden, and pleasant weather are a few of the many reasons retired people move to Tennessee.... see more ›

Can you work 7 days a week in Tennessee?

There are no state or federal laws that set a maximum number of hours an employee can be required to work in a day or a week.... read more ›

How much does McDonald's pay an hour in Tennessee?

How much does McDonald's in Tennessee pay? Average McDonald's hourly pay ranges from approximately $7.52 per hour for Cashier/Stocker to $15.00 per hour for Bakery Assistant. The average McDonald's salary ranges from approximately $15,492 per year for Cashier to $100,000 per year for Food Service Worker.... view details ›

What state has lowest minimum wage?

South Carolina

No state minimum wage law. Employers subject to the Fair Labor Standards Act must pay the current federal minimum wage of $7.25 per hour.... see details ›

Is it cheaper to live in TN or NC?

Tennessee is 3.1% cheaper than North Carolina.... see more ›

Is it cheaper to live in Georgia or Tennessee?

Tennessee is 5.7% cheaper than Georgia.... continue reading ›

How much does it cost to buy a house in Tennessee?

Home Property Values and Costs in Tennessee

Tennessee home values currently average $164,400. Home values have increased 8.9% over the past year, and they're expected to rise another 5.7% within the upcoming year. The price per square foot is about $130. Homes are listed on the market for around $245,000.... continue reading ›

Is Tennessee a wealthy state?

Tennessee is the thirty-fifth-richest state in the United States of America, with a per capita income of $28,764 (2017).... continue reading ›

What is middle class salary 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.... read more ›

What is considered low income for a single person 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.... see more ›

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.... see details ›

What is above average salary in Tennessee?

$18.43 is the 25th percentile. Wages below this are outliers. $32.02 is the 75th percentile. Wages above this are outliers.
...
Which cities in Tennessee have the highest average salary?
CityNashville
Annual Salary$66,750
Monthly Pay$5,562
Weekly Pay$1,283
Hourly Wage$32.09
9 more columns
... continue reading ›

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.... see details ›

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.... read more ›

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