Tennessee’s 1% earners club is an exclusive group of residents who have managed to achieve a high level of income in the state. The Business Journals recently highlighted some of the key factors that contribute to joining this elite group.
The first and most obvious factor is a high income. To be considered part of the 1% earners club in Tennessee, an individual must have an income of at least $433,648. This places them among the top earners in the state.
In addition to a high income, education also plays a significant role in determining membership in the 1% earners club. The majority of individuals in this group have a college degree, with many holding advanced degrees such as a master’s or PhD.
Another key factor highlighted in the article is the industry in which an individual works. Industries such as finance, healthcare, and technology are known for producing high earners in Tennessee. Those who work in these fields are more likely to be part of the 1% earners club.
Furthermore, geographical location within the state also plays a role in income levels. Residents of cities such as Nashville and Memphis tend to have higher incomes compared to those in rural areas. This can be attributed to the higher concentration of high-paying jobs in urban areas.
Overall, making it into Tennessee’s 1% earners club requires a combination of factors such as a high income, education, industry, and geographical location. By understanding what it takes to achieve this level of income, individuals can better position themselves for success in the state.
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