Montgomery County, Tennessee Income Statistics
Montgomery 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.
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C
Montgomery County Below averageWealthier than 86% of counties in Tennessee
Source: Map AI Methodology
Income Statistics Overview
| Metric | Montgomery County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Household Income | $75,606 | $69,901 | $80,455 |
| Median Personal Income | $52,984 | $53,263 | $60,758 |
| Average Yearly Income Growth | 4.7% | 5.2% | 4.8% |
| Six-Figure Earners | 9.8% | 10.4% | 13.9% |
| $200k+ Households | 6.2% | 9.0% | 13.2% |
The median household income in Montgomery County is about 8% higher than in Tennessee. Income has been growing slower in Montgomery County (4.7%/yr) than in Tennessee (5.2%/yr).
About 10% of adults in Montgomery 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 Montgomery County, Tennessee grew by 55.3% from 2009 to 2024, reaching $75,606 in 2024. That's an average of about 4.7% per year.
Income Inequality and the Gender Pay Gap in Montgomery County
| Metric | Montgomery County | Tennessee Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.529 | 0.542 | 0.552 |
| Male Median Income | $62,455 | $61,993 | $69,667 |
| Female Median Income | $50,409 | $50,108 | $56,850 |
| Gender Pay Gap | 19.3% | 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 Montgomery County, it is 0.529, 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 24% more than women's income in Montgomery County, Tennessee. Over a 35-year career, a 24% wage gap accumulates to roughly $421,610 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Montgomery County, Tennessee has narrowed from about 26% to 19% in 2024. Over that period the gap was widest at 27% in 2012, and was narrowest at 18% in 2021. In dollar terms, the gap has widened by $851 since 2009.
Employment
| Metric | Montgomery County | Tennessee Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 4.6% | 5.2% |
| Working from Home | 8.5% | 12.9% | 15.0% |
| Commute time (minutes) | 22 | 22 | 22 |
Approximately 5,437 people are unemployed in Montgomery County, Tennessee.
The average commute time in Montgomery County is 22 minutes, about the same as in Tennessee.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Montgomery County, Tennessee has fallen from 8.5% to 4.5% in 2024. Over that period the rate peaked at 9.0% in 2013.
Montgomery County, TN Wealth Compared With Nearby Counties
Montgomery County, TN is the largest of the 6 counties compared here, 234,153 residents against a local median of 41,825. Where Montgomery County, TN breaks from the counties next to it is median household income, sitting 22% above the local median of $62,011 at $75,606. That is the better end of the local range on this measure.
Unemployment tells the same story from another angle: 4.5% against a local median of 3.9%, 18% above it. The picture is mixed rather than uniform: median household income runs ahead of the neighbourhood while unemployment runs behind it, so Montgomery County, TN is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread $34,648 on median household income, so Montgomery County, TN sits at one end of an already wide local range rather than apart from it. Montgomery County, TN has the 2nd highest median household income 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. |
|---|---|---|---|---|---|
| Montgomery County, TN | 234,153 | $75,606 #2/6 | 4.7%/yr #5/6 | 4.5% #5/6 | 0.529 #4/6 |
| Dickson County, TN | 55,983 | $75,004 | 5.8%/yr | 3.4% | 0.512 |
| Cheatham County, TN | 41,825 | $89,427 | 6.6%/yr | 4.3% | 0.498 |
| Houston County, TN | 8,353 | $59,495 | 4.9%/yr | 3.9% | 0.523 |
| Todd County, KY | 12,467 | $62,011 | 5.3%/yr | 3.2% | 0.570 |
| Christian County, KY | 72,067 | $54,778 | 4.0%/yr | 5.0% | 0.530 |
Conclusion
Considering all these factors, Montgomery 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 Montgomery County, Tennessee.
How Rich Is Montgomery County, Tennessee?
Montgomery 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 $75,606, about 8% higher than the Tennessee average of $69,901.
How has median household income changed in Montgomery County, Tennessee?
Between 2009 and 2024, the median household income in Montgomery County, Tennessee rose 55%, from $48,679 to $75,606. Over the same years, income here lagged behind Tennessee as a whole: +55% against +63%.
What was the median household income in Montgomery County in 2023?
In 2023, the median household income in Montgomery County, Tennessee was $73,050, up 6% from $68,778 in 2022. The Tennessee median that year was $67,483.
What was the median household income in Montgomery County in 2020?
In 2020, the median household income in Montgomery County, Tennessee was $61,187. By 2024 it had risen 24% to $75,606.
What is the Gini coefficient in Montgomery County, Tennessee?
The Gini coefficient in Montgomery County is 0.529. 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 Montgomery County, Tennessee?
Since 2009, the income gap between men and women in Montgomery County, Tennessee has narrowed from about 26% to 19% in 2024. Over that period the gap was widest at 27% in 2012, and was narrowest at 18% in 2021. In dollar terms, the gap has widened by $851 since 2009.
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