Wealth Index
Wealthier than 76% 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 | Coffee County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Household Income | $60,764 | $67,486 | $78,145 |
| Median Personal Income | $49,000 | $54,029 | $61,726 |
| Average income growth | 4.2% | 5.4% | 5.1% |
| Six-Figure Earners | 6.0% | 9.7% | 13.2% |
The median household income in Coffee County is about 10% lower than in Tennessee. Income has been growing slower in Coffee County (4.2%/yr) than in Tennessee (5.4%/yr).
About 6% of adults in Coffee 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 Coffee County, Tennessee grew by 54.1% from 2009 to 2023, reaching $60,764 in 2023. That's an average of about 4.2% per year.
Economic Inequality in Coffee County | Gender Pay Gap | Gini Coefficient
| Metric | Coffee County | Tennessee Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.540 | 0.558 | 0.570 |
| Male Median Income | $54,307 | $60,097 | $67,746 |
| Female Median Income | $42,366 | $48,310 | $54,793 |
| Gender Pay Gap | 22.0% | 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 Coffee County, it is 0.540, 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 28% more than women's income in Coffee County, Tennessee. Over a 35-year career, a 28% wage gap accumulates to roughly $417,935 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Coffee County, Tennessee has narrowed from about 28% to 22% in 2023. In dollar terms, the gap has widened by $654 since 2009.
Employment
| Metric | Coffee County | Tennessee Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.0% | 4.7% | 5.2% |
| Working from Home | 8.3% | 11.4% | 13.4% |
| Commute time (minutes) | 21 | 22 | 22 |
Approximately 1,090 people are unemployed in Coffee County, Tennessee.
The average commute time in Coffee County is 21 minutes, shorter than the 22 minutes in Tennessee.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Coffee County, Tennessee has fallen from 11.1% to 4.0% in 2023.
Conclusion
Considering all these factors, Coffee 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 Coffee County, Tennessee.
How Rich Is Coffee County, Tennessee?
Coffee 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 $60,764, about 10% lower than the Tennessee average of $67,486.
What is the current median household income in Coffee County, Tennessee?
As of 2023, the median household income in Coffee County, Tennessee is $60,764.
What was the median household income in Coffee County in 2023?
In 2023, the median household income in Coffee County, Tennessee was $60,764.
What was the median household income in Coffee County in 2020?
In 2020, the median household income in Coffee County, Tennessee was $50,933.
What is the Gini coefficient in Coffee County, Tennessee?
The Gini coefficient in Coffee County is 0.540. 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 Coffee County, Tennessee?
Since 2009, the income gap between men and women in Coffee County, Tennessee has narrowed from about 28% to 22% in 2023. In dollar terms, the gap has widened by $654 since 2009.