Wealth Index
Wealthier than 87% 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 | Blount County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Household Income | $74,601 | $67,486 | $78,145 |
| Median Personal Income | $52,253 | $54,029 | $61,726 |
| Average income growth | 6.0% | 5.4% | 5.1% |
| Six-Figure Earners | 8.8% | 9.7% | 13.2% |
The median household income in Blount County is about 11% higher than in Tennessee. Income has been growing faster in Blount County (6.0%/yr) than in Tennessee (5.4%/yr).
About 9% of adults in Blount 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 Blount County, Tennessee grew by 57.7% from 2009 to 2023, reaching $74,601 in 2023. That's an average of about 6.0% per year.
Economic Inequality in Blount County | Gender Pay Gap | Gini Coefficient
| Metric | Blount County | Tennessee Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.543 | 0.558 | 0.570 |
| Male Median Income | $59,124 | $60,097 | $67,746 |
| Female Median Income | $44,491 | $48,310 | $54,793 |
| Gender Pay Gap | 24.7% | 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 Blount County, it is 0.543, lower than Tennessee's 0.558, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 33% more than women's income in Blount County, Tennessee. Over a 35-year career, a 33% wage gap accumulates to roughly $512,155 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Blount County, Tennessee has narrowed from about 27% to 25% in 2023. In dollar terms, the gap has widened by $3,004 since 2009.
Employment
| Metric | Blount County | Tennessee Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.7% | 4.7% | 5.2% |
| Working from Home | 11.4% | 11.4% | 13.4% |
| Commute time (minutes) | 22 | 22 | 22 |
Approximately 2,572 people are unemployed in Blount County, Tennessee.
The average commute time in Blount County is 22 minutes, about the same as in Tennessee.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Blount County, Tennessee has fallen from 8.3% to 3.7% in 2023.
Conclusion
Considering all these factors, Blount County, Tennessee has an overall wealth index grade of C, making it somewhat better than Tennessee, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Blount County, Tennessee.
How Rich Is Blount County, Tennessee?
Blount 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 $74,601, about 11% higher than the Tennessee average of $67,486.
What is the current median household income in Blount County, Tennessee?
As of 2023, the median household income in Blount County, Tennessee is $74,601.
What was the median household income in Blount County in 2023?
In 2023, the median household income in Blount County, Tennessee was $74,601.
What was the median household income in Blount County in 2020?
In 2020, the median household income in Blount County, Tennessee was $60,342.
What is the Gini coefficient in Blount County, Tennessee?
The Gini coefficient in Blount County is 0.543. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Blount County, Tennessee?
Since 2009, the income gap between men and women in Blount County, Tennessee has narrowed from about 27% to 25% in 2023. In dollar terms, the gap has widened by $3,004 since 2009.