Hendersonville, Tennessee Income Statistics
Hendersonville 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.
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B
Hendersonville Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Hendersonville | Tennessee Avg | US Average |
|---|---|---|---|
| Median Household Income | $97,775 | $69,901 | $80,455 |
| Median Personal Income | $64,491 | $53,263 | $60,758 |
| Average Yearly Income Growth | 5.5% | 5.2% | 4.8% |
| Six-Figure Earners | 16.0% | 10.4% | 13.9% |
| $200k+ Households | 12.4% | 9.0% | 13.2% |
The median household income in Hendersonville is about 40% higher than in Tennessee. Income has been growing faster in Hendersonville (5.5%/yr) than in Tennessee (5.2%/yr).
About 16% of adults in Hendersonville earn six figures ($100,000 or more) a year, higher than the Tennessee average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Hendersonville, Tennessee grew by 63.2% from 2009 to 2024, reaching $97,775 in 2024. That's an average of about 5.5% per year.
Income Inequality and the Gender Pay Gap in Hendersonville
| Metric | Hendersonville | Tennessee Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.502 | 0.542 | 0.552 |
| Male Median Income | $78,445 | $61,993 | $69,667 |
| Female Median Income | $60,742 | $50,108 | $56,850 |
| Gender Pay Gap | 22.6% | 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 Hendersonville, it is 0.502, 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 29% more than women's income in Hendersonville, Tennessee. Over a 35-year career, a 29% wage gap accumulates to roughly $619,605 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hendersonville, Tennessee has narrowed from about 33% to 23% in 2024. Over that period the gap was widest at 34% in 2010. In dollar terms, the gap has widened by $62 since 2009.
Employment
| Metric | Hendersonville | Tennessee Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.4% | 4.6% | 5.2% |
| Working from Home | 18.5% | 12.9% | 15.0% |
| Commute time (minutes) | 27 | 22 | 22 |
Approximately 1,385 people are unemployed in Hendersonville, Tennessee.
The average commute time in Hendersonville is 27 minutes, longer than the 22 minutes in Tennessee.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hendersonville, Tennessee has fallen from 7.2% to 4.4% in 2024. Over that period the rate fell as low as 3.2% in 2019.
Hendersonville, TN Wealth Compared With Nearby Cities
How Hendersonville, 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. |
|---|---|---|---|---|---|
| Hendersonville, TN | 57,282 | $97,775 #2/2 | 5.5%/yr #1/2 | 4.4% #2/2 | 0.502 #1/2 |
| Mount Juliet, TN | 30,009 | $107,316 | 4.0%/yr | 3.2% | 0.513 |
Conclusion
Considering all these factors, Hendersonville, Tennessee has an overall wealth index grade of B, making it somewhat better than Tennessee, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Hendersonville, Tennessee.
How Rich Is Hendersonville, Tennessee?
Hendersonville has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $97,775, about 40% higher than the Tennessee average of $69,901.
How fast is household income rising in Hendersonville, Tennessee?
Between 2009 and 2024, the median household income in Hendersonville, Tennessee rose 63%, from $59,898 to $97,775. Over the same years, income here kept pace with Tennessee as a whole: +63% against +63%.
What was the median household income in Hendersonville in 2023?
In 2023, the median household income in Hendersonville, Tennessee was $93,290, up 5% from $88,917 in 2022. The Tennessee median that year was $67,483.
What was the median household income in Hendersonville in 2020?
In 2020, the median household income in Hendersonville, Tennessee was $76,359. By 2024 it had risen 28% to $97,775.
How many people earn six figures in Hendersonville, Tennessee?
Yes. 16% of adults in Hendersonville, Tennessee earn $100,000 or more a year (about 1 in 6), against 10% (about 1 in 10) in Tennessee. 12% of households have a combined income of $200,000 or more, compared with 9% in Tennessee.
What is the Gini coefficient in Hendersonville, Tennessee?
The Gini coefficient in Hendersonville is 0.502. 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 Hendersonville, Tennessee?
Since 2009, the income gap between men and women in Hendersonville, Tennessee has narrowed from about 33% to 23% in 2024. Over that period the gap was widest at 34% in 2010. In dollar terms, the gap has widened by $62 since 2009.
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