Bedford County, Tennessee Income Statistics
Bedford County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
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C
Bedford County Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Bedford County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Household Income | $69,118 | $69,901 | $80,455 |
| Median Personal Income | $45,760 | $53,263 | $60,758 |
| Average Yearly Income Growth | 5.9% | 5.2% | 4.8% |
| Six-Figure Earners | 6.5% | 10.4% | 13.9% |
| $200k+ Households | 6.6% | 9.0% | 13.2% |
The median household income in Bedford County is about 1% lower than in Tennessee. Income has been growing faster in Bedford County (5.9%/yr) than in Tennessee (5.2%/yr).
About 7% of adults in Bedford County earn six figures ($100,000 or more) a year, lower than the Tennessee average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Bedford County, Tennessee grew by 82.0% from 2009 to 2024, reaching $69,118 in 2024. That's an average of about 5.9% per year.
Income Inequality and the Gender Pay Gap in Bedford County
| Metric | Bedford County | Tennessee Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.520 | 0.542 | 0.552 |
| Male Median Income | $56,302 | $61,993 | $69,667 |
| Female Median Income | $43,518 | $50,108 | $56,850 |
| Gender Pay Gap | 22.7% | 19.2% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Bedford County, it is 0.520, lower than Tennessee's 0.542, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 29% more than women's income in Bedford County, Tennessee. Over a 35-year career, a 29% wage gap accumulates to roughly $447,440 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Bedford County, Tennessee has widened from about 11% to 23% in 2024. Over that period the gap was widest at 23% in 2022, and was narrowest at 6% in 2011. In dollar terms, the gap has widened by $9,071 since 2009.
Sharply against the trend: the pay gap in Bedford County widened by 11.6 points while Tennessee's narrowed by 3.7 points.
Employment
| Metric | Bedford County | Tennessee Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.2% | 4.6% | 5.2% |
| Working from Home | 10.5% | 12.9% | 15.0% |
| Commute time (minutes) | 22 | 22 | 22 |
Approximately 1,091 people are unemployed in Bedford County, Tennessee.
The average commute time in Bedford County is 22 minutes, about the same as in Tennessee.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Bedford County, Tennessee has fallen from 11.3% to 4.2% in 2024. Over that period the rate fell as low as 4.0% in 2023.
Bedford County, TN Wealth Compared With Nearby Counties
Bedford County, TN is the 3rd largest of the 6 counties compared here, 52,237 residents against a local median of 36,049. Bedford County, TN's income growth, at 5.9%/yr, runs 20% above the 4.9%/yr typical of the counties around it. That is the better end of the local range on this measure.
The counties themselves spread 2.2%/yr on income growth, so Bedford County, TN sits at one end of an already wide local range rather than apart from it. Bedford County, TN has the 3rd highest income growth of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Bedford County, TN | 52,237 | $69,118 #3/6 | 5.9%/yr #3/6 | 4.2% #4/6 | 0.520 #1/6 |
| Moore County, TN | 6,674 | $66,938 | 4.0%/yr | 4.5% | 0.529 |
| Marshall County, TN | 36,049 | $71,109 | 6.0%/yr | 3.9% | 0.521 |
| Rutherford County, TN | 357,384 | $85,930 | 4.9%/yr | 3.6% | 0.520 |
| Coffee County, TN | 59,710 | $61,155 | 3.8%/yr | 3.5% | 0.534 |
| Lincoln County, TN | 35,946 | $65,641 | 6.0%/yr | 4.7% | 0.536 |
Conclusion
Considering all these factors, Bedford County, Tennessee has an overall wealth index grade of C, making it about on par with Tennessee, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Bedford County, Tennessee.
How Rich Is Bedford County, Tennessee?
Bedford County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $69,118, about 1% lower than the Tennessee average of $69,901.
How has median household income changed in Bedford County, Tennessee?
Between 2009 and 2024, the median household income in Bedford County, Tennessee rose 82%, from $37,982 to $69,118. Over the same years, income here outpaced Tennessee as a whole: +82% against +63%.
What was the median household income in Bedford County in 2023?
In 2023, the median household income in Bedford County, Tennessee was $62,773, up 5% from $59,959 in 2022. The Tennessee median that year was $67,483.
What was the median household income in Bedford County in 2020?
In 2020, the median household income in Bedford County, Tennessee was $54,384. By 2024 it had risen 27% to $69,118.
What is the Gini coefficient in Bedford County, Tennessee?
The Gini coefficient in Bedford County is 0.520. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Bedford County, Tennessee?
Since 2009, the income gap between men and women in Bedford County, Tennessee has widened from about 11% to 23% in 2024. Over that period the gap was widest at 23% in 2022, and was narrowest at 6% in 2011. In dollar terms, the gap has widened by $9,071 since 2009.
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