Wealth Index
Wealthier than 91% 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 | Maury County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Household Income | $74,044 | $67,486 | $78,145 |
| Median Personal Income | $54,834 | $54,029 | $61,726 |
| Average income growth | 5.9% | 5.4% | 5.1% |
| Six-Figure Earners | 9.9% | 9.7% | 13.2% |
The median household income in Maury County is about 10% higher than in Tennessee. Income has been growing faster in Maury County (5.9%/yr) than in Tennessee (5.4%/yr).
About 10% of adults in Maury County earn six figures ($100,000 or more) a year, about the same as the Tennessee average of 10%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Maury County, Tennessee grew by 61.5% from 2009 to 2023, reaching $74,044 in 2023. That's an average of about 5.9% per year.
Economic Inequality in Maury County | Gender Pay Gap | Gini Coefficient
| Metric | Maury County | Tennessee Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.532 | 0.558 | 0.570 |
| Male Median Income | $61,701 | $60,097 | $67,746 |
| Female Median Income | $49,327 | $48,310 | $54,793 |
| Gender Pay Gap | 20.1% | 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 Maury County, it is 0.532, 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 25% more than women's income in Maury County, Tennessee. Over a 35-year career, a 25% wage gap accumulates to roughly $433,090 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Maury County, Tennessee has narrowed from about 28% to 20% in 2023. In dollar terms, the gap has widened by $260 since 2009.
Employment
| Metric | Maury County | Tennessee Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.5% | 4.7% | 5.2% |
| Working from Home | 13.6% | 11.4% | 13.4% |
| Commute time (minutes) | 27 | 22 | 22 |
Approximately 1,320 people are unemployed in Maury County, Tennessee.
The average commute time in Maury County is 27 minutes, longer than the 22 minutes in Tennessee.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Maury County, Tennessee has fallen from 7.8% to 2.5% in 2023.
Conclusion
Considering all these factors, Maury County, Tennessee has an overall wealth index grade of C, making it somewhat better than Tennessee, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Maury County, Tennessee.
How Rich Is Maury County, Tennessee?
Maury 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 $74,044, about 10% higher than the Tennessee average of $67,486.
What is the current median household income in Maury County, Tennessee?
As of 2023, the median household income in Maury County, Tennessee is $74,044.
What was the median household income in Maury County in 2023?
In 2023, the median household income in Maury County, Tennessee was $74,044.
What was the median household income in Maury County in 2020?
In 2020, the median household income in Maury County, Tennessee was $60,524.
What is the Gini coefficient in Maury County, Tennessee?
The Gini coefficient in Maury County is 0.532. 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 Maury County, Tennessee?
Since 2009, the income gap between men and women in Maury County, Tennessee has narrowed from about 28% to 20% in 2023. In dollar terms, the gap has widened by $260 since 2009.