Carroll County, Tennessee Income Statistics
Carroll 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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D
Carroll County Well below averageLess wealthy than 77% of counties in Tennessee
Source: Map AI Methodology
Income Statistics Overview
| Metric | Carroll County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Household Income | $52,371 | $69,901 | $80,455 |
| Median Personal Income | $44,388 | $53,263 | $60,758 |
| Average Yearly Income Growth | 4.8% | 5.2% | 4.8% |
| Six-Figure Earners | 4.9% | 10.4% | 13.9% |
| $200k+ Households | 4.1% | 9.0% | 13.2% |
The median household income in Carroll County is about 25% lower than in Tennessee. Income has been growing slower in Carroll County (4.8%/yr) than in Tennessee (5.2%/yr).
About 5% of adults in Carroll 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 Carroll County, Tennessee grew by 46.8% from 2009 to 2024, reaching $52,371 in 2024. That's an average of about 4.8% per year.
Income Inequality and the Gender Pay Gap in Carroll County
| Metric | Carroll County | Tennessee Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.541 | 0.542 | 0.552 |
| Male Median Income | $48,912 | $61,993 | $69,667 |
| Female Median Income | $42,676 | $50,108 | $56,850 |
| Gender Pay Gap | 12.7% | 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 Carroll County, it is 0.541, about the same as Tennessee's 0.542, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 15% more than women's income in Carroll County, Tennessee. Over a 35-year career, a 15% wage gap accumulates to roughly $218,260 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Carroll County, Tennessee has narrowed from about 31% to 13% in 2024. In dollar terms, the gap has narrowed by $6,659 since 2009.
Employment
| Metric | Carroll County | Tennessee Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 4.6% | 5.2% |
| Working from Home | 5.9% | 12.9% | 15.0% |
| Commute time (minutes) | 21 | 22 | 22 |
Approximately 555 people are unemployed in Carroll County, Tennessee.
The average commute time in Carroll County is 21 minutes, shorter than the 22 minutes in Tennessee.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Carroll County, Tennessee has fallen from 11.4% to 4.5% in 2024. Over that period the rate peaked at 12.9% in 2012 and fell as low as 4.0% in 2020.
Carroll County, TN Wealth Compared With Nearby Counties
Carroll County, TN is typical in size for this group, 28,641 residents against a local median of 32,412, so the measures below are close to a like for like comparison. Where Carroll County, TN breaks from the counties next to it is income growth, sitting 16% above the local median of 4.2%/yr at 4.8%/yr. That is the better end of the local range on this measure.
The counties themselves spread 2.8%/yr on income growth, so Carroll County, TN sits at one end of an already wide local range rather than apart from it. Carroll 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. |
|---|---|---|---|---|---|
| Carroll County, TN | 28,641 | $52,371 #4/6 | 4.8%/yr #3/6 | 4.5% #2/6 | 0.541 #5/6 |
| Henderson County, TN | 27,980 | $54,509 | 3.4%/yr | 6.1% | 0.539 |
| Henry County, TN | 32,412 | $50,759 | 3.7%/yr | 4.8% | 0.521 |
| Benton County, TN | 16,006 | $51,848 | 5.7%/yr | 5.3% | 0.538 |
| Weakley County, TN | 33,016 | $52,590 | 4.2%/yr | 4.0% | 0.547 |
| Gibson County, TN | 50,869 | $63,330 | 6.2%/yr | 5.0% | 0.511 |
Conclusion
Considering all these factors, Carroll 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 Carroll County, Tennessee.
How Rich Is Carroll County, Tennessee?
Carroll 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 $52,371, about 25% lower than the Tennessee average of $69,901.
How has median household income changed in Carroll County, Tennessee?
Between 2009 and 2024, the median household income in Carroll County, Tennessee rose 47%, from $35,683 to $52,371. Over the same years, income here lagged behind Tennessee as a whole: +47% against +63%.
What was the median household income in Carroll County in 2023?
In 2023, the median household income in Carroll County, Tennessee was $50,672, up 2% from $49,661 in 2022. The Tennessee median that year was $67,483.
What was the median household income in Carroll County in 2020?
In 2020, the median household income in Carroll County, Tennessee was $42,690. By 2024 it had risen 23% to $52,371.
What is the Gini coefficient in Carroll County, Tennessee?
The Gini coefficient in Carroll County is 0.541. 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 Carroll County, Tennessee?
Since 2009, the income gap between men and women in Carroll County, Tennessee has narrowed from about 31% to 13% in 2024. In dollar terms, the gap has narrowed by $6,659 since 2009.
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