East Ridge, Tennessee Income Statistics
East Ridge 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
East Ridge Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | East Ridge | Tennessee Avg | US Average |
|---|---|---|---|
| Median Household Income | $62,733 | $69,901 | $80,455 |
| Median Personal Income | $43,145 | $53,263 | $60,758 |
| Average Yearly Income Growth | 5.9% | 5.2% | 4.8% |
| Six-Figure Earners | 7.3% | 10.4% | 13.9% |
| $200k+ Households | 4.3% | 9.0% | 13.2% |
The median household income in East Ridge is about 10% lower than in Tennessee. Income has been growing faster in East Ridge (5.9%/yr) than in Tennessee (5.2%/yr).
About 7% of adults in East Ridge 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 East Ridge, Tennessee grew by 62.2% from 2009 to 2024, reaching $62,733 in 2024. That's an average of about 5.9% per year.
Income Inequality and the Gender Pay Gap in East Ridge
| Metric | East Ridge | Tennessee Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.494 | 0.542 | 0.552 |
| Male Median Income | $55,868 | $61,993 | $69,667 |
| Female Median Income | $42,430 | $50,108 | $56,850 |
| Gender Pay Gap | 24.1% | 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 East Ridge, it is 0.494, 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 32% more than women's income in East Ridge, Tennessee. Over a 35-year career, a 32% wage gap accumulates to roughly $470,330 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in East Ridge, Tennessee has widened from about 13% to 24% in 2024. Over that period the gap was widest at 25% in 2023, and was narrowest at 2% in 2019. In dollar terms, the gap has widened by $8,712 since 2009.
Sharply against the trend: the pay gap in East Ridge widened by 10.6 points while Tennessee's narrowed by 3.7 points.
Employment
| Metric | East Ridge | Tennessee Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.2% | 4.6% | 5.2% |
| Working from Home | 12.5% | 12.9% | 15.0% |
| Commute time (minutes) | 20 | 22 | 22 |
Approximately 608 people are unemployed in East Ridge, Tennessee.
The average commute time in East Ridge is 20 minutes, shorter than the 22 minutes in Tennessee.
Unemployment Rate Over Time
Since 2011, the unemployment rate in East Ridge, Tennessee has fallen from 7.7% to 5.2% in 2024. Over that period the rate peaked at 8.4% in 2012 and fell as low as 3.3% in 2017.
East Ridge, TN Wealth Compared With Nearby Cities
How East Ridge, TN compares with the 1 cities closest to it.
| 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. |
|---|---|---|---|---|---|
| East Ridge, TN | 21,177 | $62,733 #2/2 | 5.9%/yr #1/2 | 5.2% #1/2 | 0.494 #1/2 |
| Chattanooga, TN | 187,055 | $65,773 | 5.9%/yr | 5.3% | 0.538 |
Conclusion
Considering all these factors, East Ridge, 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 East Ridge, Tennessee.
How Wealthy Is East Ridge, Tennessee?
East Ridge 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 $62,733, about 10% lower than the Tennessee average of $69,901.
Are incomes growing in East Ridge, Tennessee?
Between 2009 and 2024, the median household income in East Ridge, Tennessee rose 62%, from $38,686 to $62,733. Over the same years, income here kept pace with Tennessee as a whole: +62% against +63%.
What was the median household income in East Ridge in 2023?
In 2023, the median household income in East Ridge, Tennessee was $57,443, up 7% from $53,908 in 2022. The Tennessee median that year was $67,483.
What was the median household income in East Ridge in 2020?
In 2020, the median household income in East Ridge, Tennessee was $48,570. By 2024 it had risen 29% to $62,733.
What is the Gini coefficient in East Ridge, Tennessee?
The Gini coefficient in East Ridge is 0.494. 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 East Ridge, Tennessee?
Since 2009, the income gap between men and women in East Ridge, Tennessee has widened from about 13% to 24% in 2024. Over that period the gap was widest at 25% in 2023, and was narrowest at 2% in 2019. In dollar terms, the gap has widened by $8,712 since 2009.
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