Hello, iam Ray Hughes, G’day, mate.
Hey there! Are you looking to move to Tennessee and wondering what kind of salary you need to make it livable? Well, you’ve come to the right place. Here, we’ll break down the cost of living in Tennessee and what kind of salary you’ll need to make ends meet. So buckle up - let’s get started!
What Is A Liveable Salary In Tennessee? [Solved]
Well, if you’re livin’ in Tennessee with one adult and two kids, you’ll need at least $15.45 an hour to make ends meet. But if both adults are workin’, then you’ll need $20.17 an hour to get by. That’s way more than the poverty wage of $6.19 for one adult and $6.37 for two adults - yikes!
Minimum Wage: Tennessee’s minimum wage is $7.25 per hour, which is the same as the federal minimum wage.
Cost of Living: Tennessee has a relatively low cost of living compared to other states in the US, making it an attractive place to live for those on a budget.
Tax Rates: Tennessee has some of the lowest tax rates in the country, with no state income tax and only a 6% sales tax rate.
Job Opportunities: The state offers many job opportunities across various industries, including healthcare, manufacturing, and technology sectors.
Affordable Housing: The median home price in Tennessee is around $200K, making it one of the most affordable places to buy a home in the US.
Quality Education: The state offers quality education options for both K-12 and higher education students through its public school system and universities such as Vanderbilt University and University of Memphis
Living in Tennessee on a livable salary can be tough. It’s not impossible, though - you just have to know where to look! With the right job and some savvy budgeting, you can make it work. Plus, Tennessee has plenty of great perks like low taxes and beautiful scenery. So don’t give up hope - you can make it happen!
