Wealth Index
Less wealthy than 73% of counties in Tennessee
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 | Hardin County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Household Income | $49,076 | $67,486 | $78,145 |
| Median Personal Income | $44,732 | $54,029 | $61,726 |
| Average income growth | 3.9% | 5.4% | 5.1% |
| Six-Figure Earners | 5.1% | 9.7% | 13.2% |
The median household income in Hardin County is about 27% lower than in Tennessee. Income has been growing slower in Hardin County (3.9%/yr) than in Tennessee (5.4%/yr).
About 5% of adults in Hardin 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 Hardin County, Tennessee grew by 60.4% from 2009 to 2023, reaching $49,076 in 2023. That's an average of about 3.9% per year.
Economic Inequality in Hardin County | Gender Pay Gap | Gini Coefficient
| Metric | Hardin County | Tennessee Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.571 | 0.558 | 0.570 |
| Male Median Income | $50,388 | $60,097 | $67,746 |
| Female Median Income | $38,993 | $48,310 | $54,793 |
| Gender Pay Gap | 22.6% | 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 Hardin County, it is 0.571, higher than Tennessee's 0.558, so income is less evenly distributed here than there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 29% more than women's income in Hardin County, Tennessee. Over a 35-year career, a 29% wage gap accumulates to roughly $398,825 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hardin County, Tennessee has narrowed from about 29% to 23% in 2023. In dollar terms, the gap has widened by $855 since 2009.
Employment
| Metric | Hardin County | Tennessee Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.3% | 4.7% | 5.2% |
| Working from Home | 7.0% | 11.4% | 13.4% |
| Commute time (minutes) | 17 | 22 | 22 |
Approximately 482 people are unemployed in Hardin County, Tennessee.
The average commute time in Hardin County is 17 minutes, shorter than the 22 minutes in Tennessee.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hardin County, Tennessee has fallen from 13.1% to 4.3% in 2023.
Conclusion
Considering all these factors, Hardin 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 Hardin County, Tennessee.
How Rich Is Hardin County, Tennessee?
Hardin 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 $49,076, about 27% lower than the Tennessee average of $67,486.
What is the current median household income in Hardin County, Tennessee?
As of 2023, the median household income in Hardin County, Tennessee is $49,076.
What was the median household income in Hardin County in 2023?
In 2023, the median household income in Hardin County, Tennessee was $49,076.
What was the median household income in Hardin County in 2020?
In 2020, the median household income in Hardin County, Tennessee was $42,430.
What is the Gini coefficient in Hardin County, Tennessee?
The Gini coefficient in Hardin County is 0.571. 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 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Hardin County, Tennessee?
Since 2009, the income gap between men and women in Hardin County, Tennessee has narrowed from about 29% to 23% in 2023. In dollar terms, the gap has widened by $855 since 2009.