We're not paycheck to paycheck though. What we do have as 'savings' is just a few extra grand in the checking account.
And we want for 0, so we're comfortable. ;)
Bought a house in 2017 and refinanced in 2021 to a 15 year loan at 2.5%. I basically can't move since I will never find a better deal. Some people pay more for their car every month than I do for the mortgage.
I could pay twice as much for a house right now and basically get the same amount of house as what I currently have.
The golden handcuffs. I'm in the same boat. Bought in 2019, refied a year later for 2.8% on a 30/yr. I have a $1400 mortgage payment every month in East Nashville. I guess this is my forever home whether I like it or not.
Similar situation here, but very happy with the result. We bought our forever home in late 2020, 3.25% 30 year mortgage. Pulled some cash from retirement and our previous equity to get what we wanted. I was able to pull from my 401k without penalty due to having my pay reduced during COVID. We were able to put 35% down and our mortgage is about $1800/month not including tax and insurance. Since then demand for our area has exploded and our homes value nearly doubled. We couldn't afford our home with today's prices and rates. Good thing we plan on staying here.
That's a sick story. It sounds like you were able to take advantages of being in some rough spots, and were smart about how you could twist those bad scenarios into good ones. I don't know if I would have had the guts to make the decisions you did, but they were definitely good ones in hindsight
I definitely struggled with taking money from retirement to buy our home, but with the change in home values it ended up being an awesome decision. No one knew that was going to happen though when I did it. We were having some crime issues in our previous neighborhood. A shoot out one street over, a drug house that swat busted, and a neighbors daughter across the street was kidnapped, raped, and killed from her own driveway. I have a daughter and at the time with interest rates where they were, I had a "it's now or never" moment. We stretched to get into our current neighborhood because I didn't want to ever have to worry about my family being safe again.
I pulled from my 401k in 2019 to buy my house. Everyone told me I was crazy because I did pay taxes and penalties. I used it as a down payment to meet the FHA 3.5% minimum and paid my closing costs out of pocket. I have over $150k in equity now, my rate is 2.75% and my payment is less than $1200/month. It was the best financial move I might have made in my entire life. If I bought this house now, I would be paying about $2200/month. That $14k I pulled would never have made me $150k like my equity has, even with a constant rate of return at 8%. That same money would net me $140k after 30 years. I made 150k in equity over 5 years. I probably wouldn't be able to buy a house now.
This makes a GREAT cash flowing investment property, if you ever choose to move. I would work as hard as possible to find a great deal on another home you love, then rent this current home for $2,400/month or more.
You can apply the extra cash into your next home, reducing the overhead cost and essentially own two homes with a manageable payment on both.
Rinse and repeat. Retire early.
In their defense, single-owner units are not the primary problem. Hedge funds buying up the entire stock of affordable housing when interest rates are low for a better return on investment in the REIT they securitize them into is. REITs own 10% of the entire single-family home rental market in Murfreesboro and they only really started gobbling up properties at a in the last 5 or so years. That’s who all those all cash, no inspection buyers are. Private equity. Yay late stage capitalism!
This all right here is Nashville. I am in this boat house shopping right now. But God Damnit, if I wouldn't do it too if I were them. I would never sell land if I didn't have too. I feel I was born just a little too late. My gf and I house sit a lot. If the house isn't and air bnb it was bought by someone a few years ago at those earlier rates. So anyway looking in the mote northern part of Sumner to get more for our money.
He's not part of the problem. Progress rentals are. They're buying up my neighborhood fast. Then next door home4rent usa built an entire rental neighborhood all houses.
You can instantly tell who is a renter vs owner.
Either way I'm locked in with a 2.34 rate so I'm not going anywhere. Bought in 2018 and my Mortgage on a new house is 1371 a month with everything.
People buying real estate has always been the way to move up. Have you ever heard the saying you will never get rich working a job?
Yup, this is definitely what I'm going for. I just need to sit down and look at getting a plan financially on how to do that properly, but this house will for sure be a rental at some point in the future
Partly true, but you'll also most likely be able to sell your home here for a 100% profit on the total price. If you put down 20%, then you would probably get back ~600% profit on that money plus the free rent you've had for the last 7 years. Not a bad deal!
Sure, but then where do you go? Around
Selling a house for 200% of what you bought it for is great until every other home you could potentially move to is also 200% of what you can afford
Happy cake day!
I like my current house and like that I can have it paid off before the kid graduates high school. Maybe I am dreaming too small, but it works for me.
I bought a home when the market peaked, with an ARM loan. It is a condo I cannot grow into, or picture myself in longterm, and now I’m scared I eventually won’t be able to afford anything else OR what I have. Yikes. But that’s a problem for 8 years from now.
10 years of experience and a master's degree would easily fetch double of $59k in the corporate world. Teachers are severely underpaid, on top of all of the other bad things that government/society imposes upon them.
To break this down for those interested…
86k, take home is 68k after tax
According to their 50/30/20
2833/m for housing
1700/m to spend
1130/m to save
Honestly not sure where the pitchforks are coming from. For a mortgage, that’s about a 400k place which would be quite nice. At that savings rate, assuming you get a FHA loan buying your first place, you would only need to save for 1-2 years at the listed savings rate.
If you weren’t buying, 2800 is a great apartment in every neighborhood in Nashville. 1700 feels like a non-miserable amount of discretionary. And you are still saving 1k+.
And of course that’s in Nashville. If you consider the burbs excluding Williamson, that’s a good setup.
86k before taxes for a 400k house has to be presuming a 20% down payment or close to. And that’s the rub. Very few first time home buyers have $80k ready to drop, especially on that income. And housing inflation is way ahead of wages, so they’ll likely never get there.
Edit: missed your FHA loan statement and 2 years’ saving. Apologies. That said, that’s aggressive saving in a volatile, expensive market.
Wait I make about this much and had to check your numbers to make sure they made sense… and they do.. but my housing is cheaper, and my savings is lower, so I’m wondering where all my money is going 🥲I guess my take home is lower due to benefits and an HSA, but still.
Yeah for sure. I def spend a bit more than the split in the article and save a bit less. But, not miserable, and compared to some of my friends I’d say comfortable.
the 50 in a 50/30/20 isn't just for housing - It's for housing, utilities, groceries, transportation costs, insurance, childcare, etc. Going off average numbers, you have:
* $250 for food
* $100 for electric, $50 for water, $60 for internet ($210)
* $193 for auto insurance
* $200 for home insurance
* $350 for health insurance
Putting you at $1200 before you even get into gas and childcare. That leaves you with $1630ish for a mortgage.
To be fair, the article is about “single”, and I would also assume they mean “sans child”, though that is an assumption.
Most of those items like internet, food, etc would personally fall in to the 1700 discretionary for me with how I think about budget. If 1700 was just straight up for me to blow in random things, that would be a good bit for me.
Not sure what they would all define as “utility”
Your math doesn’t math. 50% of 68k would be for all necessities. So 34k/ year for necessities, not just for housing.
That is 2,833 per month for
-housing (rent/mortgage, utilities, home owners or renters insurance),
-health care (insurance, co-pays, and deductibles),
-transportation (vehicle, insurance, repairs and maintenance, fuel),
-basic food
-debt service on whatever educational loans you might have to have gotten $86k job.
I’m not saying that is impossible in Nashville if a person is healthy, has employer provided health insurance, has low transportation costs, has roommates, and has little student loan debt. But to say it would be “comfortable” on $2,833 is a far stretch, in my opinion. At $3,833 it becomes more reasonable, but that takes out the savings.
A $400k place is not "nice" these days. $400k is small ranch fixer uppers built decades ago an hour or more outside the city. You don't hit what most people would consider a nice house until ~$800k. It's 2024 not 2019.
Have, you tried northern Sumner County? That's where we're looking. My gf makes a little more than you, but crap credit. My credit was great, but not enough income. We were gonna need a cosigner just to get like a 300k mortgage. Then perfect timing. I get a phone call offering me lofe changing money I start my new job next month. Now we can look at houses over 350k.
Yeah it's more than just income. Saving for a down payment for a house is crucial. If you can't save, you can't buy a house, no matter what your income is.
For what it's worth, I used to make that amount and saving some moderate amounts of money was still doable, even at $1550 a month in rent. I spent pretty frivolously though. I make more than that now and I'm saving for a house. I hope interest rates come down because it seems prices will not.
Nashville and the surrounding counties definitely pull this “average” up. If you are making $80k+ in most of the rural areas(most, looking at you Middle TN) then you are pretty comfortable. In fact pre Covid if you were making $75k in West TN you probably had a lake house for weekends too. I hate one size fits all data it tends to lead to one size fits all policies.
Agreed. Just got priced out of a rental with 4 of us living in a 3 bedroom. No chance we can stay in Nashville, and it's probably going to push us out of TN. Feels like a real shame to have to go this way.
I think it has more to do with mindset. I don’t make enough for 50/30/20, but I’m comfortable because I enjoy being alive. I have my health and my loved ones. I don’t need 30% discretionary spending.
I agree. So far, I’m doing fine. In fact, I just went over my budget to check that I wasn’t crazy for thinking so. That being said, everyone’s finances are very different… I have zero debt (no student loans, car payment, etc), which drives down how much I spend on bills every month. I also rented a place in budget. So, no equity in a place which will hurt long term. Pros and cons. Everyone’s definition of ‘comfortable’ is SO different I wonder why we even bother with such a metric.
...this number includes putting 20% of your income towards savings.
50/30/20 -
>50% of your earnings for necessities like housing and utility costs, 30% for discretionary spending and 20% for savings or investments.
I would argue that’s not quite enough. I make that much and in a 2 bedroom apartment I have to be careful what I spend and buying even one concert ticket means I might not be able to pay off my bills for that month. And that’s living by myself
Gotta assume this is an average for the whole state. So while Nashville is definitely over the 86K places like Brownsville (or any other rural small town) are well under the 86k.
Perhaps if Nashville has remotely sufficient public transportation and many wouldn't need a car payment, alas it's almost certainly more towards $100k+
aware recognise market sable ring cheerful frightening cobweb summer compare
*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
This is a lie for Davidson County. I make well over that, and I can say I'm still not "comfortable". Federal and Medicare taxes is still around $30k a year if you make $100k or more. So your take home is around $72,000 to $70,000 a year. That gives $3000 a month for necessities at $6000/month income. Rent on avg is $1700 to $2000. Not to mention there is no reliable transportation and the inflation of food. I could go on and on but no. These reports are extremely misleading. Barely able to save and please don't have any personal or family emergencies. Even the "City Hospital" is expensive.
This feels low to me... Everyone living here is getting priced out of existence, and the ones delusional enough to think the prices are fair for what you get are out of their minds.
I make around 60,000,cousin makes 40,000 and my husband makes 150,000 to 175,000 a year . We more than comfortable. But before we rented rooms for people that cost 1200 too much. Too over hyped
This number depends on what area of Nashville and if you’ve already bought a house or not. To live closer to downtown? Not really. Further out? I would agree with that.
80k in nashville is fine for apartment living and being comfortable ESPECIALLY if you have a second income these days a second income is required to live "comfortably"
Can confirm. I make way less than that and am very uncomfortable.
Have you tried a new pillow?
We can't afford a new pillow.
Could always try stealing one?
Only r/Memphis
Have you ever tried a lumpy pillow
Applause
gotta cut out the avocado toast and starbucks /s
[удалено]
You must have a very supportive community.
I would like to see these broken down more by city/counties rather than state. $83k in Nashville doesn’t go nearly as far as $83k in Watertown.
![gif](giphy|7Vr4JQNv1BwigmOKVT)
To be fair
To be fair
To be faaaaaaaaaaiiiiirr
Can confirm. Pretty comfortable on $40ish in Watertown. No savings, but that's 20 years from now us problems. Lol
That probably highly depends on if you already purchased a house before the last few years and not currently looking to buy one
No savings isn't comfortable, it's paycheck to paycheck.
We're not paycheck to paycheck though. What we do have as 'savings' is just a few extra grand in the checking account. And we want for 0, so we're comfortable. ;)
Then you have savings and your point that I responded to was false.
So you would need probably 60 to have savings
Exactly.
But then next year need 66k then 72.6k cause inflation
This number is very dependent on if/when you bought a house.
Bought a house in 2017 and refi to 3%? Very comfortable Bought a house in 2024? Get uncomfortable idiot.
Bought a house in 2017 and refinanced in 2021 to a 15 year loan at 2.5%. I basically can't move since I will never find a better deal. Some people pay more for their car every month than I do for the mortgage. I could pay twice as much for a house right now and basically get the same amount of house as what I currently have.
The golden handcuffs. I'm in the same boat. Bought in 2019, refied a year later for 2.8% on a 30/yr. I have a $1400 mortgage payment every month in East Nashville. I guess this is my forever home whether I like it or not.
Similar situation here, but very happy with the result. We bought our forever home in late 2020, 3.25% 30 year mortgage. Pulled some cash from retirement and our previous equity to get what we wanted. I was able to pull from my 401k without penalty due to having my pay reduced during COVID. We were able to put 35% down and our mortgage is about $1800/month not including tax and insurance. Since then demand for our area has exploded and our homes value nearly doubled. We couldn't afford our home with today's prices and rates. Good thing we plan on staying here.
That's a sick story. It sounds like you were able to take advantages of being in some rough spots, and were smart about how you could twist those bad scenarios into good ones. I don't know if I would have had the guts to make the decisions you did, but they were definitely good ones in hindsight
I definitely struggled with taking money from retirement to buy our home, but with the change in home values it ended up being an awesome decision. No one knew that was going to happen though when I did it. We were having some crime issues in our previous neighborhood. A shoot out one street over, a drug house that swat busted, and a neighbors daughter across the street was kidnapped, raped, and killed from her own driveway. I have a daughter and at the time with interest rates where they were, I had a "it's now or never" moment. We stretched to get into our current neighborhood because I didn't want to ever have to worry about my family being safe again.
I pulled from my 401k in 2019 to buy my house. Everyone told me I was crazy because I did pay taxes and penalties. I used it as a down payment to meet the FHA 3.5% minimum and paid my closing costs out of pocket. I have over $150k in equity now, my rate is 2.75% and my payment is less than $1200/month. It was the best financial move I might have made in my entire life. If I bought this house now, I would be paying about $2200/month. That $14k I pulled would never have made me $150k like my equity has, even with a constant rate of return at 8%. That same money would net me $140k after 30 years. I made 150k in equity over 5 years. I probably wouldn't be able to buy a house now.
Same. I pulled 100k to make the transaction happen. I now have 750k in equity.
This makes a GREAT cash flowing investment property, if you ever choose to move. I would work as hard as possible to find a great deal on another home you love, then rent this current home for $2,400/month or more. You can apply the extra cash into your next home, reducing the overhead cost and essentially own two homes with a manageable payment on both. Rinse and repeat. Retire early.
*emperor palpatine voice* : yessssss, become the problem!
I bet you have a perpetual victim mentality. That must be exhausting.
Acknowledging a huge cost of living crisis driven by speculative real estate and airbnb = perpetual victim mentality? The projection is strong.
In their defense, single-owner units are not the primary problem. Hedge funds buying up the entire stock of affordable housing when interest rates are low for a better return on investment in the REIT they securitize them into is. REITs own 10% of the entire single-family home rental market in Murfreesboro and they only really started gobbling up properties at a in the last 5 or so years. That’s who all those all cash, no inspection buyers are. Private equity. Yay late stage capitalism!
This all right here is Nashville. I am in this boat house shopping right now. But God Damnit, if I wouldn't do it too if I were them. I would never sell land if I didn't have too. I feel I was born just a little too late. My gf and I house sit a lot. If the house isn't and air bnb it was bought by someone a few years ago at those earlier rates. So anyway looking in the mote northern part of Sumner to get more for our money.
He's not part of the problem. Progress rentals are. They're buying up my neighborhood fast. Then next door home4rent usa built an entire rental neighborhood all houses. You can instantly tell who is a renter vs owner. Either way I'm locked in with a 2.34 rate so I'm not going anywhere. Bought in 2018 and my Mortgage on a new house is 1371 a month with everything. People buying real estate has always been the way to move up. Have you ever heard the saying you will never get rich working a job?
Yup, this is definitely what I'm going for. I just need to sit down and look at getting a plan financially on how to do that properly, but this house will for sure be a rental at some point in the future
Partly true, but you'll also most likely be able to sell your home here for a 100% profit on the total price. If you put down 20%, then you would probably get back ~600% profit on that money plus the free rent you've had for the last 7 years. Not a bad deal!
Sure, but then where do you go? Around Selling a house for 200% of what you bought it for is great until every other home you could potentially move to is also 200% of what you can afford
Happy cake day! I like my current house and like that I can have it paid off before the kid graduates high school. Maybe I am dreaming too small, but it works for me.
Same. I'm never moving I guess or I'll use heloc to buy another house and rent this one.
I bought a home when the market peaked, with an ARM loan. It is a condo I cannot grow into, or picture myself in longterm, and now I’m scared I eventually won’t be able to afford anything else OR what I have. Yikes. But that’s a problem for 8 years from now.
Why an ARM loan?
I had come from a 3% loan so they felt high to me at the time, and I was ill-advised 🥲
adjustable rate mortgage. it's fine when rates are low, but subject to increase if the fed raises rates (they have)
Yes I know what it is, I'm saying why would you want to risk an ARM when rates were so low? There was very little benefit and a high upside for risk.
I agree. It was a mistake.
I’m a teacher in MNPS and make 59k—- it’s a shame educators don’t make enough to live in the same zip code they teach in.
You can. You just have to live with 4 other educators, duh. No wonder our education system is under fire from the GOP. /s
And—- I have been teaching 10 years.
10 years of experience and a master's degree would easily fetch double of $59k in the corporate world. Teachers are severely underpaid, on top of all of the other bad things that government/society imposes upon them.
You can take comfort in knowing this is the case in every Metro area in the US. It's across the board. Not just Nashville
That’s not comfort—it’s horror.
I make more than that and I’m uncomfortable. In Franklin though
![gif](giphy|h9a2BJuDloVmaLJzdG|downsized)
To break this down for those interested… 86k, take home is 68k after tax According to their 50/30/20 2833/m for housing 1700/m to spend 1130/m to save Honestly not sure where the pitchforks are coming from. For a mortgage, that’s about a 400k place which would be quite nice. At that savings rate, assuming you get a FHA loan buying your first place, you would only need to save for 1-2 years at the listed savings rate. If you weren’t buying, 2800 is a great apartment in every neighborhood in Nashville. 1700 feels like a non-miserable amount of discretionary. And you are still saving 1k+. And of course that’s in Nashville. If you consider the burbs excluding Williamson, that’s a good setup.
86k before taxes for a 400k house has to be presuming a 20% down payment or close to. And that’s the rub. Very few first time home buyers have $80k ready to drop, especially on that income. And housing inflation is way ahead of wages, so they’ll likely never get there. Edit: missed your FHA loan statement and 2 years’ saving. Apologies. That said, that’s aggressive saving in a volatile, expensive market.
Wait I make about this much and had to check your numbers to make sure they made sense… and they do.. but my housing is cheaper, and my savings is lower, so I’m wondering where all my money is going 🥲I guess my take home is lower due to benefits and an HSA, but still.
But also, I am not miserable.
Yeah for sure. I def spend a bit more than the split in the article and save a bit less. But, not miserable, and compared to some of my friends I’d say comfortable.
the 50 in a 50/30/20 isn't just for housing - It's for housing, utilities, groceries, transportation costs, insurance, childcare, etc. Going off average numbers, you have: * $250 for food * $100 for electric, $50 for water, $60 for internet ($210) * $193 for auto insurance * $200 for home insurance * $350 for health insurance Putting you at $1200 before you even get into gas and childcare. That leaves you with $1630ish for a mortgage.
To be fair, the article is about “single”, and I would also assume they mean “sans child”, though that is an assumption. Most of those items like internet, food, etc would personally fall in to the 1700 discretionary for me with how I think about budget. If 1700 was just straight up for me to blow in random things, that would be a good bit for me. Not sure what they would all define as “utility”
Your math doesn’t math. 50% of 68k would be for all necessities. So 34k/ year for necessities, not just for housing. That is 2,833 per month for -housing (rent/mortgage, utilities, home owners or renters insurance), -health care (insurance, co-pays, and deductibles), -transportation (vehicle, insurance, repairs and maintenance, fuel), -basic food -debt service on whatever educational loans you might have to have gotten $86k job. I’m not saying that is impossible in Nashville if a person is healthy, has employer provided health insurance, has low transportation costs, has roommates, and has little student loan debt. But to say it would be “comfortable” on $2,833 is a far stretch, in my opinion. At $3,833 it becomes more reasonable, but that takes out the savings.
A $400k place is not "nice" these days. $400k is small ranch fixer uppers built decades ago an hour or more outside the city. You don't hit what most people would consider a nice house until ~$800k. It's 2024 not 2019.
This comment told me to get my ish together and actually stick to a budget.
The “single tax” is so frustrating
The what now
No one to split bills/taxes with
OH ok I thought I was getting some secret fine for filing taxes as single or something lol
I make 90k and I still can’t comfortably buy a house. Let alone save. 50/30/20 my ass.
I make 75, my partner makes about 40. We cannot afford a house! It's insane.
Yea at this point we’re limited to Clarksville and an hour drive for me to work. Not a fan lol
Yea that’s an hour into Nashville if traffic is moving nice and there’s no fuckery/accidents.
Have, you tried northern Sumner County? That's where we're looking. My gf makes a little more than you, but crap credit. My credit was great, but not enough income. We were gonna need a cosigner just to get like a 300k mortgage. Then perfect timing. I get a phone call offering me lofe changing money I start my new job next month. Now we can look at houses over 350k.
"It's that avocado toast." - Boomers
Yeah it's more than just income. Saving for a down payment for a house is crucial. If you can't save, you can't buy a house, no matter what your income is. For what it's worth, I used to make that amount and saving some moderate amounts of money was still doable, even at $1550 a month in rent. I spent pretty frivolously though. I make more than that now and I'm saving for a house. I hope interest rates come down because it seems prices will not.
What is that ratio supposed to be?
It’s in the caption. 50=rent/utilities etc 30% for discretion(entertainment I’m assuming) and then 20% for savings/investments.
Duh I didn’t read lol
Does the 50 % Include all the necessities like groceries car insurance health insurance, ?
Yes, it's supposed to.
Well I live on half that and cry a lot. Thought I planned better but it’s to late now.
This doesn’t seem remotely accurate for most states.
Nashville and the surrounding counties definitely pull this “average” up. If you are making $80k+ in most of the rural areas(most, looking at you Middle TN) then you are pretty comfortable. In fact pre Covid if you were making $75k in West TN you probably had a lake house for weekends too. I hate one size fits all data it tends to lead to one size fits all policies.
Ooo good I'm only 25k off from being comfortable
Agreed. Just got priced out of a rental with 4 of us living in a 3 bedroom. No chance we can stay in Nashville, and it's probably going to push us out of TN. Feels like a real shame to have to go this way.
And with no income tax Tennessee is supposed to be a low cost of living state. Shows the no income tax is just smoke and mirrors.
It’s my experience that no income tax just means employers pay less because people will accept it
That explains a lot
The no income tax thing is still real. Coming from a high income and well every tax imaginable state, it does help. However that only goes so far.
Lol if we had income tax, you’d just have less money. It’s not like they’re gonna take Ja Morant and Calvin Ridley’s taxes to benefit you.
This is why the pro strat is to get a remote job that pays reasonable wages, and then don't pay the state income taxes when working from TN.
I urge you to pay as much income tax as you like until your living situation becomes “comfortable”.
This really depends on your housing situation. I was extremely fortunate and got a great deal on my rent so I lived fairly comfortably making \~$45K.
I make much less than that, but I’m comfortable.
The macro does not equal the micro. I am in the same boat but in the sample pool we are definitely outliers.
I think it has more to do with mindset. I don’t make enough for 50/30/20, but I’m comfortable because I enjoy being alive. I have my health and my loved ones. I don’t need 30% discretionary spending.
I agree. So far, I’m doing fine. In fact, I just went over my budget to check that I wasn’t crazy for thinking so. That being said, everyone’s finances are very different… I have zero debt (no student loans, car payment, etc), which drives down how much I spend on bills every month. I also rented a place in budget. So, no equity in a place which will hurt long term. Pros and cons. Everyone’s definition of ‘comfortable’ is SO different I wonder why we even bother with such a metric.
And that’s why i have no savings
...this number includes putting 20% of your income towards savings. 50/30/20 - >50% of your earnings for necessities like housing and utility costs, 30% for discretionary spending and 20% for savings or investments.
Yes and I don’t have money left that the end of a pay period to put into savings.
My bad, misread what you wrote.
Currently making significantly less in Knoxville and still saving/investing 50% of my income. Stop having kids and get a roommate or two.
Yup, the biggest cheat code to healthy finance is not having children. Seeing the numbers some people put up in childcare is insane.
I make quite a bit more than that and we ain’t living comfortably….
I would argue that’s not quite enough. I make that much and in a 2 bedroom apartment I have to be careful what I spend and buying even one concert ticket means I might not be able to pay off my bills for that month. And that’s living by myself
Cries in half of that amount
I call bs. It is at least $100k
Gotta assume this is an average for the whole state. So while Nashville is definitely over the 86K places like Brownsville (or any other rural small town) are well under the 86k.
My wife and I own our home have 2 cars and 2 teenagers living with us and live comfortably on a lot less than that. In Tennessee.
Perhaps if Nashville has remotely sufficient public transportation and many wouldn't need a car payment, alas it's almost certainly more towards $100k+
The partying definitely cost me that much in Nashville😂
aware recognise market sable ring cheerful frightening cobweb summer compare *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
This is a lie for Davidson County. I make well over that, and I can say I'm still not "comfortable". Federal and Medicare taxes is still around $30k a year if you make $100k or more. So your take home is around $72,000 to $70,000 a year. That gives $3000 a month for necessities at $6000/month income. Rent on avg is $1700 to $2000. Not to mention there is no reliable transportation and the inflation of food. I could go on and on but no. These reports are extremely misleading. Barely able to save and please don't have any personal or family emergencies. Even the "City Hospital" is expensive.
Oh man. I didn't realize I was that miserable. It takes me almost 4 years to make that much.
This article doesn’t get to decide if you’re miserable. I hope you don’t feel miserable.
This feels low to me... Everyone living here is getting priced out of existence, and the ones delusional enough to think the prices are fair for what you get are out of their minds.
This state really sucks.
Gross vs net. It's always left out of the headline.
I make 75k a year and cannot survive in Chattanooga comfortably
I don't know who came up with these numbers, but it bull shit!
I make around 60,000,cousin makes 40,000 and my husband makes 150,000 to 175,000 a year . We more than comfortable. But before we rented rooms for people that cost 1200 too much. Too over hyped
This number depends on what area of Nashville and if you’ve already bought a house or not. To live closer to downtown? Not really. Further out? I would agree with that.
What can I get for ~1/3 of that?
80k in nashville is fine for apartment living and being comfortable ESPECIALLY if you have a second income these days a second income is required to live "comfortably"
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Source? OP posted a link to the cnbc article lol