Murfreesboro, Tennessee Income Statistics
Murfreesboro Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
C
Murfreesboro Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Murfreesboro | Tennessee Avg | US Average |
|---|---|---|---|
| Median Household Income | $74,678 | $69,901 | $80,455 |
| Median Personal Income | $52,586 | $53,263 | $60,758 |
| Average Yearly Income Growth | 4.8% | 5.2% | 4.8% |
| Six-Figure Earners | 10.2% | 10.4% | 13.9% |
| $200k+ Households | 8.5% | 9.0% | 13.2% |
The median household income in Murfreesboro is about 7% higher than in Tennessee. Income has been growing slower in Murfreesboro (4.8%/yr) than in Tennessee (5.2%/yr).
About 10% of adults in Murfreesboro earn six figures ($100,000 or more) a year, about the same as the Tennessee average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Murfreesboro, Tennessee grew by 68.0% from 2009 to 2024, reaching $74,678 in 2024. That's an average of about 4.8% per year.
Income Inequality and the Gender Pay Gap in Murfreesboro
| Metric | Murfreesboro | Tennessee Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.527 | 0.542 | 0.552 |
| Male Median Income | $59,982 | $61,993 | $69,667 |
| Female Median Income | $52,917 | $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 Murfreesboro, it is 0.527, 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 Murfreesboro, Tennessee. Over a 35-year career, a 13% wage gap accumulates to roughly $247,275 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Murfreesboro, Tennessee has narrowed from about 20% to 12% in 2024. Over that period the gap was widest at 20% in 2018, and was narrowest at 10% in 2013. In dollar terms, the gap has narrowed by $1,389 since 2009.
Employment
| Metric | Murfreesboro | Tennessee Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.9% | 4.6% | 5.2% |
| Working from Home | 15.6% | 12.9% | 15.0% |
| Commute time (minutes) | 21 | 22 | 22 |
Approximately 2,808 people are unemployed in Murfreesboro, Tennessee.
The average commute time in Murfreesboro is 21 minutes, shorter than the 22 minutes in Tennessee.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Murfreesboro, Tennessee has fallen from 9.7% to 3.9% in 2024. Over that period the rate peaked at 10.0% in 2012 and fell as low as 3.3% in 2023.
Murfreesboro, TN Wealth Compared With Nearby Cities
How Murfreesboro, TN compares with the 2 cities closest to it.
| 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. |
|---|---|---|---|---|---|
| Murfreesboro, TN | 123,992 | $74,678 #3/3 | 4.8%/yr #1/3 | 3.9% #2/3 | 0.527 #3/3 |
| Smyrna, TN | 46,130 | $80,756 | 4.6%/yr | 4.5% | 0.500 |
| La Vergne, TN | 39,679 | $78,517 | 4.2%/yr | 2.4% | 0.517 |
Conclusion
Considering all these factors, Murfreesboro, 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 Murfreesboro, Tennessee.
How Rich Is Murfreesboro, Tennessee?
Murfreesboro 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 $74,678, about 7% higher than the Tennessee average of $69,901.
How fast is household income rising in Murfreesboro, Tennessee?
Between 2009 and 2024, the median household income in Murfreesboro, Tennessee rose 68%, from $44,464 to $74,678. Over the same years, income here outpaced Tennessee as a whole: +68% against +63%.
What was the median household income in Murfreesboro in 2023?
In 2023, the median household income in Murfreesboro, Tennessee was $72,698, up 5% from $69,244 in 2022. The Tennessee median that year was $67,483.
What was the median household income in Murfreesboro in 2020?
In 2020, the median household income in Murfreesboro, Tennessee was $59,075. By 2024 it had risen 26% to $74,678.
What is the Gini coefficient in Murfreesboro, Tennessee?
The Gini coefficient in Murfreesboro is 0.527. 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 Murfreesboro, Tennessee?
Since 2009, the income gap between men and women in Murfreesboro, Tennessee has narrowed from about 20% to 12% in 2024. Over that period the gap was widest at 20% in 2018, and was narrowest at 10% in 2013. In dollar terms, the gap has narrowed by $1,389 since 2009.
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