Wealth Index
Wealthier than 89% 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 | Moore County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Household Income | $68,428 | $67,486 | $78,145 |
| Median Personal Income | $59,619 | $54,029 | $61,726 |
| Average income growth | 4.9% | 5.4% | 5.1% |
| Six-Figure Earners | 8.3% | 9.7% | 13.2% |
The median household income in Moore County is about 1% higher than in Tennessee. Income has been growing slower in Moore County (4.9%/yr) than in Tennessee (5.4%/yr).
About 8% of adults in Moore 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 Moore County, Tennessee grew by 49.0% from 2009 to 2023, reaching $68,428 in 2023. That's an average of about 4.9% per year.
Economic Inequality in Moore County | Gender Pay Gap | Gini Coefficient
| Metric | Moore County | Tennessee Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.536 | 0.558 | 0.570 |
| Male Median Income | $69,006 | $60,097 | $67,746 |
| Female Median Income | $46,363 | $48,310 | $54,793 |
| Gender Pay Gap | 32.8% | 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 Moore County, it is 0.536, 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 49% more than women's income in Moore County, Tennessee. Over a 35-year career, a 49% wage gap accumulates to roughly $792,505 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Moore County, Tennessee has widened from about 29% to 33% in 2023. In dollar terms, the gap has widened by $11,138 since 2009.
Employment
| Metric | Moore County | Tennessee Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.1% | 4.7% | 5.2% |
| Working from Home | 5.9% | 11.4% | 13.4% |
| Commute time (minutes) | 21 | 22 | 22 |
Approximately 161 people are unemployed in Moore County, Tennessee.
The average commute time in Moore County is 21 minutes, shorter than the 22 minutes in Tennessee.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Moore County, Tennessee has fallen from 10.8% to 5.1% in 2023.
Conclusion
Considering all these factors, Moore 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 Moore County, Tennessee.
How Rich Is Moore County, Tennessee?
Moore 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 $68,428, about 1% higher than the Tennessee average of $67,486.
What is the current median household income in Moore County, Tennessee?
As of 2023, the median household income in Moore County, Tennessee is $68,428.
What was the median household income in Moore County in 2023?
In 2023, the median household income in Moore County, Tennessee was $68,428.
What was the median household income in Moore County in 2020?
In 2020, the median household income in Moore County, Tennessee was $63,454.
What is the Gini coefficient in Moore County, Tennessee?
The Gini coefficient in Moore County is 0.536. 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 Moore County, Tennessee?
Since 2009, the income gap between men and women in Moore County, Tennessee has widened from about 29% to 33% in 2023. In dollar terms, the gap has widened by $11,138 since 2009.