Wealth Index
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 | Dyer County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Household Income | $55,079 | $67,486 | $78,145 |
| Median Personal Income | $53,541 | $54,029 | $61,726 |
| Average income growth | 3.6% | 5.4% | 5.1% |
| Six-Figure Earners | 6.8% | 9.7% | 13.2% |
The median household income in Dyer County is about 18% lower than in Tennessee. Income has been growing slower in Dyer County (3.6%/yr) than in Tennessee (5.4%/yr).
About 7% of adults in Dyer 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 Dyer County, Tennessee grew by 52.1% from 2009 to 2023, reaching $55,079 in 2023. That's an average of about 3.6% per year.
Economic Inequality in Dyer County | Gender Pay Gap | Gini Coefficient
| Metric | Dyer County | Tennessee Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.548 | 0.558 | 0.570 |
| Male Median Income | $61,846 | $60,097 | $67,746 |
| Female Median Income | $43,970 | $48,310 | $54,793 |
| Gender Pay Gap | 28.9% | 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 Dyer County, it is 0.548, 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 41% more than women's income in Dyer County, Tennessee. Over a 35-year career, a 41% wage gap accumulates to roughly $625,660 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Dyer County, Tennessee has widened from about 23% to 29% in 2023. In dollar terms, the gap has widened by $9,102 since 2009.
Employment
| Metric | Dyer County | Tennessee Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.8% | 4.7% | 5.2% |
| Working from Home | 4.5% | 11.4% | 13.4% |
| Commute time (minutes) | 16 | 22 | 22 |
Approximately 636 people are unemployed in Dyer County, Tennessee.
The average commute time in Dyer County is 16 minutes, shorter than the 22 minutes in Tennessee.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Dyer County, Tennessee has fallen from 8.4% to 3.8% in 2023.
Conclusion
Considering all these factors, Dyer County, Tennessee has an overall wealth index grade of D, making it about on par with Tennessee, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Dyer County, Tennessee.
How Rich Is Dyer County, Tennessee?
Dyer 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 $55,079, about 18% lower than the Tennessee average of $67,486.
What is the current median household income in Dyer County, Tennessee?
As of 2023, the median household income in Dyer County, Tennessee is $55,079.
What was the median household income in Dyer County in 2023?
In 2023, the median household income in Dyer County, Tennessee was $55,079.
What was the median household income in Dyer County in 2020?
In 2020, the median household income in Dyer County, Tennessee was $45,037.
What is the Gini coefficient in Dyer County, Tennessee?
The Gini coefficient in Dyer County is 0.548. 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 Dyer County, Tennessee?
Since 2009, the income gap between men and women in Dyer County, Tennessee has widened from about 23% to 29% in 2023. In dollar terms, the gap has widened by $9,102 since 2009.