Question: What Is A Livable Wage In Tennessee?

How much do you need to make to live in Tennessee?

The Living Wage Calculator from MIT lists a $22,369 living wage for a single adult in Tennessee..

Is it worth moving to Tennessee?

You’d probably never guess that moving to Tennessee can be one of the best ideas you can have. That is if you like low cost of living, gorgeous scenery, southern food, very low tax burden, and music, of course. When you are imagining your future, you’re probably thinking about living in other, more attractive places.

How much does Walmart pay in Tennessee?

Average Walmart Cashier/Sales hourly pay in Tennessee is approximately $11.05, which is 8% above the national average.

What state has the highest minimum wage 2020?

Those are often minimum-wage jobs, which pay just $7.25 an hour in states that follow the federal minimum wage….The States Where the Minimum Wage Is Highest in 2020Hawaii. Izabela23 / Shutterstock. … Alaska. … Rhode Island. … Vermont. … (tie) New Jersey. … (tie) Maryland. … New York. … (tie) Oregon.More items…•

Why is Tennessee so cheap?

Tennessee is a fairly cheap place to live, compared to the rest of the country. The cost of living index is 86.5, compared to the national average of 100. This is mostly due to the majority of the state being in rural areas and the lack of a state income tax.

How much do you need to make to live comfortably in Tennessee?

For average residents, the cost of living has skyrocketed since last year by nearly 15 percent. In 2017, GoBankingRates.com estimated that residents should earn at least $70,150 annually. Actual median household income lags far behind, at $49,891.

Is it cheaper to live in Tennessee or Florida?

Tennessee is 7.1% cheaper than Florida.

Is the minimum wage going up in Tennessee in 2020?

If passed, the Tennessee Minimum Wage Act would require employers in the state to pay employees at least $15 per hour after July 1, 2020.

What is considered middle class income in Tennessee?

Range of household incomes needed to be considered middle class, by family sizeStateSingleCoupleTennessee$23,536 – $70,609$33,285 – $99,856Texas$25,284 – $75,853$35,758 – $107,273Utah$25,389 – $76,167$35,905 – $107,716Vermont$26,511 – $79,533$37,492 – $112,47648 more rows•Dec 12, 2020

What is the average cost of rent in Tennessee?

Median Rent The current average rent for a studio apartment is $887, and a one-bedroom apartment is $975. A two-bedroom apartment will cost around $1,181. For three-bedroom and four-bedroom apartments and rental properties, the average prices are $1,557 and $1,959 respectively.

What is the average salary in Tennessee?

$32,611 an yearTennessee Average As of Dec 17, 2020, the average annual pay for a Person in Tennessee is $32,611 an year. Just in case you need a simple salary calculator, that works out to be approximately $15.68 an hour. This is the equivalent of $627/week or $2,718/month.

What is the minimum wage in Tennessee for 2020?

$7.25State2020 Minimum Wage2021 Minimum WageTennessee$7.25 (Federal, no state minimum)$7.25 (Federal, no state minimum)Texas$7.25$7.25Utah$7.25$7.25Vermont$10.96$11.7547 more rows

What is the cheapest place to live in Tennessee?

Most affordable places to live in TennesseeRankCityAnnual Property Tax1Atoka, TN$1,3352Oakland, TN$8363La Follette, TN$4814Humboldt, TN$7356 more rows

What jobs are in high demand in Tennessee?

The 10 Fastest Growing Jobs In Tennessee For 2019Physical Therapist Assistant.Diagnostic Medical Sonographer.Tax Preparer.Physical Therapy Aide.Physical Therapist.Home Health Aid.Interpreter And Translator.Physician Assistant.More items…•

What are the highest paying jobs in Tennessee?

Here’s a quick look at the top ten highest paying jobs in Tennessee:Orthodontists.Obstetricians and Gynecologists.Psychiatrists.Family Medicine Physicians.General Internal Medicine Physicians.Physicians, All Other; and Ophthalmologists, Except Pediatric.Pediatricians, General.Dentists, General.More items…•