Hancock County, Tennessee Income Statistics
Hancock 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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D
Hancock County Well below averageLess wealthy than 90% of counties in Tennessee
Source: Map AI Methodology
Income Statistics Overview
| Metric | Hancock County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Household Income | $34,955 | $69,901 | $80,455 |
| Median Personal Income | $39,013 | $53,263 | $60,758 |
| Average Yearly Income Growth | 3.0% | 5.2% | 4.8% |
| Six-Figure Earners | 3.3% | 10.4% | 13.9% |
| $200k+ Households | 1.6% | 9.0% | 13.2% |
The median household income in Hancock County is about 50% lower than in Tennessee. Income has been growing slower in Hancock County (3.0%/yr) than in Tennessee (5.2%/yr).
About 3% of adults in Hancock County 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 Hancock County, Tennessee grew by 49.0% from 2009 to 2024, reaching $34,955 in 2024. That's an average of about 3.0% per year.
Income Inequality and the Gender Pay Gap in Hancock County
| Metric | Hancock County | Tennessee Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.555 | 0.542 | 0.552 |
| Male Median Income | $40,172 | $61,993 | $69,667 |
| Female Median Income | $34,380 | $50,108 | $56,850 |
| Gender Pay Gap | 14.4% | 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 Hancock County, it is 0.555, higher than Tennessee's 0.542, so income is less evenly distributed here than there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 17% more than women's income in Hancock County, Tennessee. Over a 35-year career, a 17% wage gap accumulates to roughly $202,720 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hancock County, Tennessee has narrowed from about 26% to 14% in 2024. Over that period the gap was widest at 31% in 2022, and was narrowest at 6% in 2015. In dollar terms, the gap has narrowed by $3,198 since 2009.
Employment
| Metric | Hancock County | Tennessee Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.3% | 4.6% | 5.2% |
| Working from Home | 4.3% | 12.9% | 15.0% |
| Commute time (minutes) | 22 | 22 | 22 |
Approximately 163 people are unemployed in Hancock County, Tennessee.
The average commute time in Hancock County is 22 minutes, about the same as in Tennessee.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hancock County, Tennessee has fallen from 11.5% to 6.3% in 2024. Over that period the rate peaked at 16.9% in 2013.
Hancock County, TN Wealth Compared With Nearby Counties
Hancock County, TN is the smallest of the 6 counties compared here, 6,852 residents against a local median of 25,771. Hancock County, TN's income growth, at 3.0%/yr, runs 34% below the 4.5%/yr typical of the counties around it. That is the weaker end of the local range on this measure.
Median household income tells the same story from another angle: $34,955 against a local median of $50,783, 31% below it. Every measure here with a clear better direction points the same way, and it is the wrong way: Hancock County, TN reads weaker than its neighbours on all of them. The counties themselves spread 3.0%/yr on income growth, so Hancock County, TN sits at one end of an already wide local range rather than apart from it. Hancock County, TN has the 6th highest income growth 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. |
|---|---|---|---|---|---|
| Hancock County, TN | 6,852 | $34,955 #6/6 | 3.0%/yr #6/6 | 6.3% #3/6 | 0.555 #4/6 |
| Lee County, VA | 21,899 | $42,003 | 3.4%/yr | 9.5% | 0.573 |
| Hawkins County, TN | 57,964 | $57,329 | 5.4%/yr | 7.3% | 0.534 |
| Hamblen County, TN | 65,669 | $55,786 | 4.5%/yr | 5.3% | 0.538 |
| Harlan County, KY | 25,771 | $41,438 | 6.5%/yr | 9.5% | 0.560 |
| Grainger County, TN | 24,266 | $50,783 | 3.9%/yr | 4.7% | 0.548 |
Conclusion
Considering all these factors, Hancock County, Tennessee has an overall wealth index grade of D, making it somewhat worse than Tennessee, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Hancock County, Tennessee.
How Rich Is Hancock County, Tennessee?
Hancock 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 $34,955, about 50% lower than the Tennessee average of $69,901.
How fast is household income rising in Hancock County, Tennessee?
Between 2009 and 2024, the median household income in Hancock County, Tennessee rose 49%, from $23,462 to $34,955. Over the same years, income here lagged behind Tennessee as a whole: +49% against +63%.
What was the median household income in Hancock County in 2023?
In 2023, the median household income in Hancock County, Tennessee was $33,021, up 1% from $32,579 in 2022. The Tennessee median that year was $67,483.
What was the median household income in Hancock County in 2020?
In 2020, the median household income in Hancock County, Tennessee was $29,076. By 2024 it had risen 20% to $34,955.
Is unemployment high in Hancock County, Tennessee?
Unemployment in Hancock County, Tennessee is 6.3%, well above the Tennessee rate of 4.6%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Hancock County, Tennessee?
The Gini coefficient in Hancock County is 0.555. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Hancock County, Tennessee?
Since 2009, the income gap between men and women in Hancock County, Tennessee has narrowed from about 26% to 14% in 2024. Over that period the gap was widest at 31% in 2022, and was narrowest at 6% in 2015. In dollar terms, the gap has narrowed by $3,198 since 2009.
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