Wealth Index
Less wealthy than 91% of counties in Tennessee
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.
Income Statistics Overview
| Metric | Bledsoe County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Household Income | $49,705 | $67,486 | $78,145 |
| Median Personal Income | $45,995 | $54,029 | $61,726 |
| Average income growth | 3.6% | 5.4% | 5.1% |
| Six-Figure Earners | 4.0% | 9.7% | 13.2% |
The median household income in Bledsoe County is about 26% lower than in Tennessee. Income has been growing slower in Bledsoe County (3.6%/yr) than in Tennessee (5.4%/yr).
About 4% of adults in Bledsoe County earn six figures ($100,000 or more) a year, lower than the Tennessee average of 10%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Bledsoe County, Tennessee grew by 52.5% from 2009 to 2023, reaching $49,705 in 2023. That's an average of about 3.6% per year.
Economic Inequality in Bledsoe County | Gender Pay Gap | Gini Coefficient
| Metric | Bledsoe County | Tennessee Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.585 | 0.558 | 0.570 |
| Male Median Income | $53,032 | $60,097 | $67,746 |
| Female Median Income | $37,829 | $48,310 | $54,793 |
| Gender Pay Gap | 28.7% | 19.6% | 19.1% |
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 Bledsoe County, it is 0.585, higher than Tennessee's 0.558, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 40% more than women's income in Bledsoe County, Tennessee. Over a 35-year career, a 40% wage gap accumulates to roughly $532,105 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Bledsoe County, Tennessee has narrowed from about 30% to 29% in 2023. In dollar terms, the gap has widened by $5,623 since 2009.
Employment
| Metric | Bledsoe County | Tennessee Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.2% | 4.7% | 5.2% |
| Working from Home | 5.2% | 11.4% | 13.4% |
| Commute time (minutes) | 30 | 22 | 22 |
Approximately 310 people are unemployed in Bledsoe County, Tennessee.
The average commute time in Bledsoe County is 30 minutes, longer than the 22 minutes in Tennessee.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Bledsoe County, Tennessee has fallen from 14.3% to 5.2% in 2023.
Conclusion
Considering all these factors, Bledsoe County, Tennessee has an overall wealth index grade of D, making it somewhat worse than Tennessee, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Bledsoe County, Tennessee.
How Rich Is Bledsoe County, Tennessee?
Bledsoe County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $49,705, about 26% lower than the Tennessee average of $67,486.
What is the current median household income in Bledsoe County, Tennessee?
As of 2023, the median household income in Bledsoe County, Tennessee is $49,705.
What was the median household income in Bledsoe County in 2023?
In 2023, the median household income in Bledsoe County, Tennessee was $49,705.
What was the median household income in Bledsoe County in 2020?
In 2020, the median household income in Bledsoe County, Tennessee was $49,109.
What is the Gini coefficient in Bledsoe County, Tennessee?
The Gini coefficient in Bledsoe County is 0.585. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Bledsoe County, Tennessee?
Since 2009, the income gap between men and women in Bledsoe County, Tennessee has narrowed from about 30% to 29% in 2023. In dollar terms, the gap has widened by $5,623 since 2009.