Salary Overview for Tennessee
The median individual income in Tennessee is $33,830 per year, while the mean (average) individual income is $44,820. The median household income is $64,035.
Cost of Living Adjusted Salary
Tennessee's cost of living index is 91 (national average = 100). This means the median salary of $33,830 in Tennessee has the purchasing power of approximately $37,176 at the national average cost of living. Your dollar goes further in Tennessee than in most states.
Minimum Wage in Tennessee
The current minimum wage in Tennessee is $7.25/hour, which equals approximately $15,080 per year for a full-time worker (40 hours/week, 52 weeks). See our complete Tennessee minimum wage guide for tipped wages, scheduled increases, and more.
Top Employers in Tennessee
- Vanderbilt University Medical
- FedEx
- HCA Healthcare
Major Industries in Tennessee
- Healthcare
- Logistics
- Music & Entertainment
Tax Rates in Tennessee
See the full tax breakdown including income tax, sales tax, property tax, and more on our Tennessee tax rates page.
Calculate Your Take-Home Pay
Use our Salary Calculator to convert between hourly, weekly, monthly, and annual pay, and estimate your take-home pay in Tennessee after federal and state taxes.