$34,890 per year
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.
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 |
How much does a household make a year?
According to the ACS, the U.S. median household income in 2018 was $61,937. Estimates for previous years are given in terms of real income, which have been adjusted for changes to the price of goods and services.
Is it cheaper to live in Tennessee?
Our cost of living indices are based on a US average of 100. An amount below 100 means Tennessee is cheaper than the US average….Tennessee cost of living is 87.6.
| COST OF LIVING | Tennessee | United States |
|---|---|---|
| Health | 101.9 | 100 |
| Housing | 71.2 | 100 |
| Median Home Cost | $164,500 | $231,200 |
| Utilities | 96.7 | 100 |
Why is Tennessee so cheap?
Lucky for Tennessee, even more-populated areas are still very affordable. Chattanooga, Knoxville, and Memphis, for instance, are relatively cheap mainly because of their reasonable housing costs. This makes Tennessee one of the rare states where you can get cosmopolitan living without high-end prices.
What’s the living wage for an adult in Tennessee?
The Living Wage Calculator from MIT lists a $22,369 living wage for a single adult in Tennessee. Of that income, about $2,994, or 13.4% goes to food.
What’s the cost of living in Nashville TN?
In Nashville, residents can expect to pay $159.32, while $145.29. For comparison, the national average is $151.96. The Living Wage Calculator from MIT lists a $22,369 living wage for a single adult in Tennessee.
What’s the average value of a home in Tennessee?
The median home value in Tennessee is $170,801, according to NeighborhoodScout. These reports also indicate that there isn’t much upward variation around Tennessee’s largest cities. In Nashville, the median home value is $110,950, while Knoxville’s is slightly higher at $149,046. Tennessee homes have seen good appreciation rates recently.
How many people live in one house in Tennessee?
People Population Persons per household, 2015-2019 2.52 Living in same house 1 year ago, percent 85.5% Language other than English spoken at ho 7.2% Computer and Internet Use
