Gallatin, Tennessee Income Statistics
Gallatin 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.
-
C
Gallatin Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Gallatin | Tennessee Avg | US Average |
|---|---|---|---|
| Median Household Income | $70,929 | $69,901 | $80,455 |
| Median Personal Income | $50,844 | $53,263 | $60,758 |
| Average Yearly Income Growth | 5.2% | 5.2% | 4.8% |
| Six-Figure Earners | 10.4% | 10.4% | 13.9% |
| $200k+ Households | 8.9% | 9.0% | 13.2% |
The median household income in Gallatin is about 1% higher than in Tennessee. Income has been growing faster in Gallatin (5.2%/yr) than in Tennessee (5.2%/yr).
About 10% of adults in Gallatin earn six figures ($100,000 or more) a year, about the same as the Tennessee average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Gallatin, Tennessee grew by 64.5% from 2009 to 2024, reaching $70,929 in 2024. That's an average of about 5.2% per year.
Income Inequality and the Gender Pay Gap in Gallatin
| Metric | Gallatin | Tennessee Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.517 | 0.542 | 0.552 |
| Male Median Income | $61,115 | $61,993 | $69,667 |
| Female Median Income | $53,252 | $50,108 | $56,850 |
| Gender Pay Gap | 12.9% | 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 Gallatin, it is 0.517, 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 15% more than women's income in Gallatin, Tennessee. Over a 35-year career, a 15% wage gap accumulates to roughly $275,205 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Gallatin, Tennessee has widened from about 11% to 13% in 2024. Over that period the gap was widest at 21% in 2019, and was narrowest at 9% in 2023. In dollar terms, the gap has widened by $3,963 since 2009.
Sharply against the trend: the pay gap in Gallatin widened by 2.3 points while Tennessee's narrowed by 3.7 points.
Employment
| Metric | Gallatin | Tennessee Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.2% | 4.6% | 5.2% |
| Working from Home | 13.9% | 12.9% | 15.0% |
| Commute time (minutes) | 22 | 22 | 22 |
Approximately 616 people are unemployed in Gallatin, Tennessee.
The average commute time in Gallatin is 22 minutes, about the same as in Tennessee.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Gallatin, Tennessee has fallen from 7.9% to 3.2% in 2024. Over that period the rate peaked at 7.9% in 2014 and fell as low as 1.8% in 2020.
Gallatin, TN Wealth Compared With Nearby Cities
How Gallatin, 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. |
|---|---|---|---|---|---|
| Gallatin, TN | 36,320 | $70,929 #2/2 | 5.2%/yr #2/2 | 3.2% #1/2 | 0.517 #2/2 |
| Hendersonville, TN | 57,282 | $97,775 | 5.5%/yr | 4.4% | 0.502 |
Conclusion
Considering all these factors, Gallatin, Tennessee has an overall wealth index grade of C, making it somewhat better than Tennessee, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Gallatin, Tennessee.
How Rich Is Gallatin, Tennessee?
Gallatin 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 $70,929, about 1% higher than the Tennessee average of $69,901.
Are incomes growing in Gallatin, Tennessee?
Between 2009 and 2024, the median household income in Gallatin, Tennessee rose 65%, from $43,116 to $70,929. Over the same years, income here outpaced Tennessee as a whole: +65% against +63%.
What was the median household income in Gallatin in 2023?
In 2023, the median household income in Gallatin, Tennessee was $64,919, up 10% from $59,149 in 2022. The Tennessee median that year was $67,483.
What was the median household income in Gallatin in 2020?
In 2020, the median household income in Gallatin, Tennessee was $53,223. By 2024 it had risen 33% to $70,929.
Is it hard to find a job in Gallatin, Tennessee?
Unemployment in Gallatin, Tennessee is only 3.2%, well below the Tennessee rate of 4.6%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Gallatin, Tennessee?
The Gini coefficient in Gallatin is 0.517. 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 Gallatin, Tennessee?
Since 2009, the income gap between men and women in Gallatin, Tennessee has widened from about 11% to 13% in 2024. Over that period the gap was widest at 21% in 2019, and was narrowest at 9% in 2023. In dollar terms, the gap has widened by $3,963 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →