Henry County, Tennessee Income Statistics
Henry 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.
-
D
Henry County Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Henry County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Household Income | $50,759 | $69,901 | $80,455 |
| Median Personal Income | $43,635 | $53,263 | $60,758 |
| Average Yearly Income Growth | 3.7% | 5.2% | 4.8% |
| Six-Figure Earners | 5.4% | 10.4% | 13.9% |
| $200k+ Households | 3.7% | 9.0% | 13.2% |
The median household income in Henry County is about 27% lower than in Tennessee. Income has been growing slower in Henry County (3.7%/yr) than in Tennessee (5.2%/yr).
About 5% of adults in Henry 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 Henry County, Tennessee grew by 39.6% from 2009 to 2024, reaching $50,759 in 2024. That's an average of about 3.7% per year.
Income Inequality and the Gender Pay Gap in Henry County
| Metric | Henry County | Tennessee Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.521 | 0.542 | 0.552 |
| Male Median Income | $48,406 | $61,993 | $69,667 |
| Female Median Income | $42,718 | $50,108 | $56,850 |
| Gender Pay Gap | 11.8% | 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 Henry County, it is 0.521, 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 13% more than women's income in Henry County, Tennessee. Over a 35-year career, a 13% wage gap accumulates to roughly $199,080 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Henry County, Tennessee has narrowed from about 22% to 12% in 2024. Over that period the gap was widest at 28% in 2017, and was narrowest at 8% in 2021. In dollar terms, the gap has narrowed by $1,945 since 2009.
Employment
| Metric | Henry County | Tennessee Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.8% | 4.6% | 5.2% |
| Working from Home | 7.2% | 12.9% | 15.0% |
| Commute time (minutes) | 16 | 22 | 22 |
Approximately 671 people are unemployed in Henry County, Tennessee.
The average commute time in Henry County is 16 minutes, shorter than the 22 minutes in Tennessee.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Henry County, Tennessee has fallen from 12.1% to 4.8% in 2024. Over that period the rate peaked at 13.1% in 2013 and fell as low as 3.4% in 2023.
Henry County, TN Wealth Compared With Nearby Counties
Henry County, TN is typical in size for this group, 32,412 residents against a local median of 28,641, so the measures below are close to a like for like comparison. Henry County, TN's income growth, at 3.7%/yr, runs 24% below the 4.8%/yr typical of the counties around it. That is the weaker end of the local range on this measure.
The counties themselves spread 1.5%/yr on income growth, so Henry County, TN sits at one end of an already wide local range rather than apart from it. Henry 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. |
|---|---|---|---|---|---|
| Henry County, TN | 32,412 | $50,759 #6/6 | 3.7%/yr #6/6 | 4.8% #5/6 | 0.521 #1/6 |
| Calloway County, KY | 38,226 | $53,083 | 4.7%/yr | 4.4% | 0.561 |
| Benton County, TN | 16,006 | $51,848 | 5.7%/yr | 5.3% | 0.538 |
| Carroll County, TN | 28,641 | $52,371 | 4.8%/yr | 4.5% | 0.541 |
| Weakley County, TN | 33,016 | $52,590 | 4.2%/yr | 4.0% | 0.547 |
| Stewart County, TN | 14,027 | $63,028 | 5.1%/yr | 2.7% | 0.527 |
Conclusion
Considering all these factors, Henry County, 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 Henry County, Tennessee.
How Rich Is Henry County, Tennessee?
Henry 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 $50,759, about 27% lower than the Tennessee average of $69,901.
How has median household income changed in Henry County, Tennessee?
Between 2009 and 2024, the median household income in Henry County, Tennessee rose 40%, from $36,348 to $50,759. Over the same years, income here lagged behind Tennessee as a whole: +40% against +63%.
What was the median household income in Henry County in 2023?
In 2023, the median household income in Henry County, Tennessee was $48,154, about the same as in 2022. The Tennessee median that year was $67,483.
What was the median household income in Henry County in 2020?
In 2020, the median household income in Henry County, Tennessee was $41,053. By 2024 it had risen 24% to $50,759.
What is the Gini coefficient in Henry County, Tennessee?
The Gini coefficient in Henry County is 0.521. 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 Henry County, Tennessee?
Since 2009, the income gap between men and women in Henry County, Tennessee has narrowed from about 22% to 12% in 2024. Over that period the gap was widest at 28% in 2017, and was narrowest at 8% in 2021. In dollar terms, the gap has narrowed by $1,945 since 2009.
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