Davidson County, Tennessee Income Statistics
Davidson 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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B
Davidson County Around averageAmong the top 5 wealthiest counties in Tennessee
Source: Map AI Methodology
Income Statistics Overview
| Metric | Davidson County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Household Income | $78,256 | $69,901 | $80,455 |
| Median Personal Income | $59,118 | $53,263 | $60,758 |
| Average Yearly Income Growth | 5.6% | 5.2% | 4.8% |
| Six-Figure Earners | 15.2% | 10.4% | 13.9% |
| $200k+ Households | 12.8% | 9.0% | 13.2% |
The median household income in Davidson County is about 12% higher than in Tennessee. Income has been growing faster in Davidson County (5.6%/yr) than in Tennessee (5.2%/yr).
About 15% of adults in Davidson County earn six figures ($100,000 or more) a year, higher than the Tennessee average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Davidson County, Tennessee grew by 70.5% from 2009 to 2024, reaching $78,256 in 2024. That's an average of about 5.6% per year.
Income Inequality and the Gender Pay Gap in Davidson County
| Metric | Davidson County | Tennessee Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.519 | 0.542 | 0.552 |
| Male Median Income | $67,658 | $61,993 | $69,667 |
| Female Median Income | $59,730 | $50,108 | $56,850 |
| Gender Pay Gap | 11.7% | 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 Davidson County, it is 0.519, lower than Tennessee's 0.542, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 13% more than women's income in Davidson County, Tennessee. Over a 35-year career, a 13% wage gap accumulates to roughly $277,480 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Davidson County, Tennessee has narrowed from about 14% to 12% in 2024. Over that period the gap was narrowest at 8% in 2017. In dollar terms, the gap has widened by $2,036 since 2009.
Employment
| Metric | Davidson County | Tennessee Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 4.6% | 5.2% |
| Working from Home | 20.3% | 12.9% | 15.0% |
| Commute time (minutes) | 22 | 22 | 22 |
Approximately 18,789 people are unemployed in Davidson County, Tennessee.
The average commute time in Davidson County is 22 minutes, about the same as in Tennessee.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Davidson County, Tennessee has fallen from 8.1% to 4.5% in 2024. Over that period the rate peaked at 8.8% in 2013 and fell as low as 4.1% in 2019.
Davidson County, TN Wealth Compared With Nearby Counties
Davidson County, TN is the largest of the 6 counties compared here, 713,477 residents against a local median of 157,828. Where Davidson County, TN breaks from the counties next to it is unemployment, sitting 35% above the local median of 3.3% at 4.5%. That is the weaker end of the local range on this measure.
The counties themselves spread 1.9% on unemployment, so Davidson County, TN sits at one end of an already wide local range rather than apart from it. Davidson County, TN has the 6th lowest unemployment 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. |
|---|---|---|---|---|---|
| Davidson County, TN | 713,477 | $78,256 #6/6 | 5.6%/yr #2/6 | 4.5% #6/6 | 0.519 #4/6 |
| Williamson County, TN | 260,351 | $135,891 | 3.9%/yr | 2.4% | 0.534 |
| Cheatham County, TN | 41,825 | $89,427 | 6.6%/yr | 4.3% | 0.498 |
| Robertson County, TN | 75,539 | $83,033 | 5.0%/yr | 3.3% | 0.517 |
| Sumner County, TN | 204,441 | $90,746 | 5.5%/yr | 3.6% | 0.517 |
| Wilson County, TN | 157,828 | $95,707 | 5.2%/yr | 3.2% | 0.520 |
Conclusion
Considering all these factors, Davidson County, Tennessee has an overall wealth index grade of B, making it somewhat better than Tennessee, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Davidson County, Tennessee.
How Rich Is Davidson County, Tennessee?
Davidson County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $78,256, about 12% higher than the Tennessee average of $69,901.
Are incomes growing in Davidson County, Tennessee?
Between 2009 and 2024, the median household income in Davidson County, Tennessee rose 71%, from $45,886 to $78,256. Over the same years, income here outpaced Tennessee as a whole: +71% against +63%.
What was the median household income in Davidson County in 2023?
In 2023, the median household income in Davidson County, Tennessee was $75,935, up 5% from $72,085 in 2022. The Tennessee median that year was $67,483.
What was the median household income in Davidson County in 2020?
In 2020, the median household income in Davidson County, Tennessee was $62,735. By 2024 it had risen 25% to $78,256.
Is Davidson County, Tennessee a high-income area?
Yes. 15% of adults in Davidson County, Tennessee earn $100,000 or more a year (about 1 in 7), against 10% (about 1 in 10) in Tennessee. 13% of households have a combined income of $200,000 or more, compared with 9% in Tennessee.
What is the Gini coefficient in Davidson County, Tennessee?
The Gini coefficient in Davidson County is 0.519. 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 Davidson County, Tennessee?
Since 2009, the income gap between men and women in Davidson County, Tennessee has narrowed from about 14% to 12% in 2024. Over that period the gap was narrowest at 8% in 2017. In dollar terms, the gap has widened by $2,036 since 2009.
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