How much income is required to be in the top 5% in Tennessee?

Issue #208

24 Jun

In this Knoxville Insider Issue…

🌤️ Knoxville Weather - Partly Cloudy with a High of 89

📰 How much income is required to be in the top 5% in Tennessee?

📰 Rare 'Once-in-a-Lifetime' Explosive Event Expected Soon in Space

🗓️ Learn How to Play the Bridge Card Game

📰 Knoxville West High School Class of 1974 - 50th Reunion

🗓️ Upcoming Events - Many New Events Added, Including Some Summer Used Book Sales!

🗓️ 1st Annual Independence Day Festival in Union County

🗓️ Make Your Voice Heard: Vote in the August 1 Primary Elections

🏡 Real Estate Section

📣 We Want to Spotlight Your Business! Apply Here

✅ Advertising Opportunities
 

How much income is required to be in the top 5% in Tennessee?

The gap between the average annual income of U.S. residents and that of the top earners in each state has long been a significant topic of discussion. According to WalletHub, “the highest-earning 10% of individuals in the United States earn over 12 times more than those in the lowest-earning 10%, based on the latest Census data.”

In Tennessee, this disparity is particularly striking. To be among the top 5% of earners in the state, an individual needs to make $453,539 annually. Meanwhile, the median income in Tennessee stands at $59,077. The contrast becomes even more stark when considering the average income of the bottom 20%, which is just $15,679.

These figures highlight the significant income inequality within the state, reflecting broader national trends. The discussion around income disparity continues to be crucial as it impacts economic policy, social mobility, and the overall well-being of residents.

Understanding these disparities is vital for addressing the underlying issues and working towards a more equitable society. As such, it remains an important conversation among policymakers, economists, and the general public.

Rare 'Once-in-a-Lifetime' Explosive Event Expected Soon in Space

Astronomy enthusiasts and stargazers, prepare for a celestial spectacle! A rare nova explosion is set to grace our night sky, creating what will appear to be a "new star." Earlier this year, NASA reported that a star system approximately 3,000 light-years away is on the brink of erupting in a brilliant display.

Every 79 years or so, an explosive event occurs in the Northern Crown, a binary star system situated about 3,000 light-years from Earth. This remarkable event involves the star system known as T Coronae Borealis, also referred to as the Blaze Star or T CrB. The nova at the heart of this system is set to put on a dazzling show.

During this nova event, the white dwarf star within T CrB will remain intact. However, it will eject accumulated material into space with immense force, leading to a flash of light bright enough to be seen from Earth with the naked eye. The last such visible explosion occurred in 1946, making this upcoming event a truly once-in-a-lifetime opportunity.

When T CrB erupts, it will shine as brightly as the North Star, but only for about a week. While astronomers cannot pinpoint the exact timing of this event, they assure us it will be spectacular. Whenever you manage to catch a glimpse of T CrB's brilliance, remember that the explosion you are witnessing actually took place 3,000 years ago, its light just now reaching our planet.

So, keep your eyes on the sky for this extraordinary cosmic event. It’s a rare opportunity to witness the powerful beauty of our universe.

Have an event to add? Let us know! [email protected]

Community:

Cedar Bluff Library Used Book Sale: on Friday-Saturday, June 28th-29th from 1pm - 5pm, 9045 Cross Park Dr

Howard Pinkston Library Used Book Sale: on Saturday, July 13th from 10am - 5pm, 7732 Martin Mill Pike

Used Book Sale at Hi-Wire Brewing: on Thursday, July 18th - Wednesday, July 24th during business hours, 2020 Barber Street

Ask a Master Gardener: Ask plant and garden questions at the Norwood Library, 1110 Merchant Dr. on Saturday, July 20th, from 10am - noon. KCMG public calendar.

Classic Movie at the Tennessee Theatre:
The Lion King and The Matrix are showing on Saturday, July 27th, Star Wars - The Return of the Jedi and Thelma and Louise are showing on Saturday, August 10th, Harry Potter and the Sorcerer’s Stone and Jurassic Park are showing on Saturday, August 24th, More Info

Farragut Library Used Book Sale: on Friday-Saturday, August 9th-10th from 10am - 5pm, 417 N Campbell Station Rd

Used Book Sale at East TN History Center: on Saturday, August 17th from 10am - 5pm during the History Hootenanny, 601 S Gay St

Game Night at Fountain City Social: happening Every Monday from 6pm-8pm at 4842 Harvest Mill Way, everyone welcome, current players range from their mid 20's up into their 60's, only requirement is a sense of humor

Food:

Market Square Farmers Market: happening Every Wednesday, now through November 20th from 10am – 1pm & Every Saturday, now through November 23rd from 9am – 1pm, More Info

New Harvest Farmers Market: happening Every Thursday, now through September 26th from 3pm - 6pm, 4775 New Harvest Lane, More Info

Music:

Hillbilly Thomists and Fiddling Leona: at the Bijou theatre on Saturday, August 3rd. Enjoy some of your bluegrass favorites as well as Feona’s fresh take on fiddling! Tickets are on sale now! Partial proceeds benefit the Chesterton Academy, a local classical model high school, More Info/Tickets

Air Supply’s The Lost in Love Experience: I'm all out of love…I'm so lost without you… - Remember that song? Come listen to this and other hits, on Thursday, October 10th! Tickets available here

Networking:

Theatre:

Thespis Thinks: A romantic comedy play by Tom Eubanks, Thursday - Sunday, June 27th - 30th at St. Gregory the Great Auditorium, Knoxville Catholic High School, 9245 Fox Lonas Road NW, More Info

Veterans:

Free Veteran’s Breakfast: The United Veterans Council of East Tennessee presents 13 free breakfasts for Veterans and guests on four Saturdays, monthly, Coffee line starts at 8am, Chow line starts at 8:30am. Locations and Dates

Learn How to Play the Bridge Card Game

Do you love to play cards? Learn how to play the Bridge card game or refresh your Bridge skills at Beginning Bridge Lessons! Recurring on Tuesdays starting on July 23rd from 6pm - 8:30pm, these lessons are sure to be fun! The cost is $10/lesson.

Lessons are held at the Knoxville Bridge Center, 7400 Deane Hill Drive. Register at the Knox Bridge website. Questions: contact Maggie Hughes at (865) 680-7364 or [email protected] 

Knoxville West High School Class of 1974 50th Reunion

Saturday August 24, 2024 at The Foundry, 6 p.m. For more information contact [email protected].

1st Annual Independence Day Festival in Union County

The festival will be held rain or shine under the Big Top at the Jaxx Drive Thru Arena, 874 Hickory Star Road in Maynardville on Friday, June 28th & Saturday, June 29th. Bring your lawn chairs for arena seating in front of the stage and enjoy a variety of food trucks on-site. Tickets are available at The Kitchen Design Center, by calling (865) 556-4255, online at unioncountyopry.com, and at the gate. Don’t miss out on this exciting community event celebrating Independence Day!

Knoxville Real Estate Insider

Buy Now or Wait? (Issue #003) *New Issue- 6/22/2024
Generational Trends (Issue #002)
Market Report as of April 2024 (Issue #001)

Do you have specific real estate questions you'd like answered? Submit a Question. A realtor will have an answer for you in the next issue of the Knoxville Real Estate Insider.

Are you a local realtor selling a home or property? Do you have an upcoming open house? Let us know at [email protected] or (865) 234-2421! We can include them here.

Listings

Harriman, 4,754 sq ft, 3 beds, 4 baths on 1.10 acres, lakefront, For Sale or Trade $1,099,000, call or text (865) 809-7049, David Horner Property Group

Pigeon Forge, 9 acres with a modular home, great development areas for Rental Cabins, or Glamping Tents. For Sale or Trade $399,000, call or text (865) 809-7049 - off-market listing, David Horner Property Group

Make Your Voice Heard: Vote in the August 1 Primary Elections

The primary elections for the U.S. House of Representatives, Tennessee Senate, and Tennessee House of Representatives will take place on Thursday, August 1st. Voters will choose their preferred candidates for the Republican and Democratic parties in these races, with the general election scheduled for November. Additionally, several Knox County elections will be decided through a general election on the same day.

To participate, ensure you're registered to vote by Tuesday, July 2nd. For registration details, visit sos.tn.gov/elections.

We Want To Spotlight Local Businesses!

Would you like us to spotlight your local business in front of thousands of Knoxville area residents in an upcoming issue of Knoxville Insider? Apply Here. Not a business owner, but love a local business? Tell us all about it - send us an email at [email protected]!

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