Wealth Index
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 | Marion County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Household Income | $57,897 | $67,486 | $78,145 |
| Median Personal Income | $48,349 | $54,029 | $61,726 |
| Average income growth | 4.8% | 5.4% | 5.1% |
| Six-Figure Earners | 4.5% | 9.7% | 13.2% |
The median household income in Marion County is about 14% lower than in Tennessee. Income has been growing slower in Marion County (4.8%/yr) than in Tennessee (5.4%/yr).
About 5% of adults in Marion 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 Marion County, Tennessee grew by 50.4% from 2009 to 2023, reaching $57,897 in 2023. That's an average of about 4.8% per year.
Economic Inequality in Marion County | Gender Pay Gap | Gini Coefficient
| Metric | Marion County | Tennessee Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.543 | 0.558 | 0.570 |
| Male Median Income | $56,502 | $60,097 | $67,746 |
| Female Median Income | $40,368 | $48,310 | $54,793 |
| Gender Pay Gap | 28.6% | 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 Marion County, it is 0.543, lower than Tennessee's 0.558, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 40% more than women's income in Marion County, Tennessee. Over a 35-year career, a 40% wage gap accumulates to roughly $564,690 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Marion County, Tennessee has widened from about 26% to 29% in 2023. In dollar terms, the gap has widened by $5,884 since 2009.
Employment
| Metric | Marion County | Tennessee Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.7% | 4.7% | 5.2% |
| Working from Home | 9.4% | 11.4% | 13.4% |
| Commute time (minutes) | 31 | 22 | 22 |
Approximately 985 people are unemployed in Marion County, Tennessee.
The average commute time in Marion County is 31 minutes, longer than the 22 minutes in Tennessee.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Marion County, Tennessee has fallen from 8.9% to 7.7% in 2023.
Conclusion
Considering all these factors, Marion County, Tennessee has an overall wealth index grade of C, making it about on par with Tennessee, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Marion County, Tennessee.
How Rich Is Marion County, Tennessee?
Marion County 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 $57,897, about 14% lower than the Tennessee average of $67,486.
What is the current median household income in Marion County, Tennessee?
As of 2023, the median household income in Marion County, Tennessee is $57,897.
What was the median household income in Marion County in 2023?
In 2023, the median household income in Marion County, Tennessee was $57,897.
What was the median household income in Marion County in 2020?
In 2020, the median household income in Marion County, Tennessee was $50,079.
What is the Gini coefficient in Marion County, Tennessee?
The Gini coefficient in Marion County is 0.543. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Marion County, Tennessee?
Since 2009, the income gap between men and women in Marion County, Tennessee has widened from about 26% to 29% in 2023. In dollar terms, the gap has widened by $5,884 since 2009.