A person working in Memphis typically earns around 101,000 USD per year. Salaries range from 25,500 USD (lowest average) to 450,000 USD (highest average, actual maximum salary is higher). This is the average yearly salary including housing, transport, and other benefits.

How much do you need to live comfortably in Memphis?

The median income is the area is below $28,000, about half of what is needed to meet the “50/30/20” rule. In Memphis, the site lists the median income as $38,230 a year, but says the needed income if you’re a homeowner is $63,595 a year, and that the needed income if you’re a renter is $69,331.

What are the best jobs in Memphis TN?

These Are The 100 Highest Paying Jobs In Memphis, TN For 2018

• Physicians and Surgeons, All Other.
• Pediatricians, General.
• Chief Executives.
• Family and General Practitioners.
• Dentists, General.
• Lawyers.
• Natural Sciences Managers.
• Securities, Commodities, and Financial Services Sales Agents.

What is middle class in Memphis?

(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.

What is the average tax rate in Memphis TN?

Tax Rates for Memphis- The Sales Tax Rate for Memphis is 9.3%. The US average is 7.3%. – The Income Tax Rate for Memphis is 0.0%. The US average is 4.6%. – Tax Rates can have a big impact when Comparing Cost of Living. Income and Salaries for Memphis- The average income of a Memphis resident is $21,909 a year.

How is the job market in Memphis TN?

Memphis has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 36.6%, which is higher than the US average of 33.5%. Tax Rates for Memphis- The Sales Tax Rate for Memphis is 9.3%. The US average is 7.3%. – The Income Tax Rate for Memphis is 0.0%. The US average is 4.6%.

What is the current unemployment rate in Memphis TN?

Memphis has an unemployment rate of 4.6%. The US average is 3.9%. Memphis has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 36.6%, which is higher than the US average of 33.5%.

What’s the minimum wage in the state of Tennessee?

Tennessee Minimum Wage for 2017, 2018. Tennessee’s state minimum wage rate is $7.25 per hour. This is the same as the current Federal Minimum Wage rate. The minimum wage applies to most employees in Tennessee, with limited exceptions including tipped employees, some student workers, and other exempt occupations.