How much money does each household in Tennessee earn per year?
Median Household Income: $53,320. Average Household Income: $74,750. Per Capita Income: $29,859. 4.8% of Households in Tennessee are High Income Households that make over $200,000 a year.
What is the average household income in Tennessee?
$53,320
Table
| Population | |
|---|---|
| Mean travel time to work (minutes), workers age 16 years+, 2015-2019 | 25.2 |
| Income & Poverty | |
| Median household income (in 2019 dollars), 2015-2019 | $53,320 |
| Per capita income in past 12 months (in 2019 dollars), 2015-2019 | $29,859 |
What is the average yearly income in Tennessee?
Nominal Median Household Income in Tennessee
| 2019 | 3 Year Change | |
|---|---|---|
| US | $65,712 | +14.05% |
| Tennessee | $56,071 | +15.50% |
What salary do you need to live 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 middle class income in TN?
| State | Household Income Range for Middle Class | Median Family Income |
|---|---|---|
| Rhode Island | $27,551 – $132,489 | $89,373 |
| South Carolina | $21,583 – $102,365 | $70,537 |
| South Dakota | $23,824 – $98,019 | $76,826 |
| Tennessee | $21,573 – $98,679 | $69,993 |
What is considered middle class income in TN?
(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. The middle class income range varies greatly by state, depending on the cost of living, the analysis found.
