Cleveland, Tennessee Income Statistics
Cleveland Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
D
Cleveland Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Cleveland | Tennessee Avg | US Average |
|---|---|---|---|
| Median Household Income | $58,196 | $69,901 | $80,455 |
| Median Personal Income | $45,570 | $53,263 | $60,758 |
| Average Yearly Income Growth | 5.9% | 5.2% | 4.8% |
| Six-Figure Earners | 6.0% | 10.4% | 13.9% |
| $200k+ Households | 5.0% | 9.0% | 13.2% |
The median household income in Cleveland is about 17% lower than in Tennessee. Income has been growing faster in Cleveland (5.9%/yr) than in Tennessee (5.2%/yr).
About 6% of adults in Cleveland 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 Cleveland, Tennessee grew by 68.5% from 2009 to 2024, reaching $58,196 in 2024. That's an average of about 5.9% per year.
Income Inequality and the Gender Pay Gap in Cleveland
| Metric | Cleveland | Tennessee Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.562 | 0.542 | 0.552 |
| Male Median Income | $54,939 | $61,993 | $69,667 |
| Female Median Income | $41,600 | $50,108 | $56,850 |
| Gender Pay Gap | 24.3% | 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 Cleveland, it is 0.562, higher than Tennessee's 0.542, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 32% more than women's income in Cleveland, Tennessee. Over a 35-year career, a 32% wage gap accumulates to roughly $466,865 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Cleveland, Tennessee has widened from about 20% to 24% in 2024. Over that period the gap was narrowest at 6% in 2016. In dollar terms, the gap has widened by $6,049 since 2009.
Sharply against the trend: the pay gap in Cleveland widened by 4.5 points while Tennessee's narrowed by 3.7 points.
Employment
| Metric | Cleveland | Tennessee Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.4% | 4.6% | 5.2% |
| Working from Home | 8.1% | 12.9% | 15.0% |
| Commute time (minutes) | 16 | 22 | 22 |
Approximately 1,228 people are unemployed in Cleveland, Tennessee.
The average commute time in Cleveland is 16 minutes, shorter than the 22 minutes in Tennessee.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Cleveland, Tennessee has fallen from 10.6% to 6.4% in 2024. Over that period the rate peaked at 12.7% in 2015 and fell as low as 4.8% in 2022.
Conclusion
Considering all these factors, Cleveland, 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 Cleveland, Tennessee.
How Rich Is Cleveland, Tennessee?
Cleveland 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 $58,196, about 17% lower than the Tennessee average of $69,901.
How fast is household income rising in Cleveland, Tennessee?
Between 2009 and 2024, the median household income in Cleveland, Tennessee rose 68%, from $34,546 to $58,196. Over the same years, income here outpaced Tennessee as a whole: +68% against +63%.
What was the median household income in Cleveland in 2023?
In 2023, the median household income in Cleveland, Tennessee was $55,674, up 7% from $52,214 in 2022. The Tennessee median that year was $67,483.
What was the median household income in Cleveland in 2020?
In 2020, the median household income in Cleveland, Tennessee was $44,071. By 2024 it had risen 32% to $58,196.
Is unemployment high in Cleveland, Tennessee?
Unemployment in Cleveland, Tennessee is 6.4%, well above the Tennessee rate of 4.6%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Cleveland, Tennessee?
The Gini coefficient in Cleveland is 0.562. 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 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Cleveland, Tennessee?
Since 2009, the income gap between men and women in Cleveland, Tennessee has widened from about 20% to 24% in 2024. Over that period the gap was narrowest at 6% in 2016. In dollar terms, the gap has widened by $6,049 since 2009.
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