Nashville-Davidson metropolitan government (balance), Tennessee Income Statistics
Nashville-Davidson metropolitan government (balance) 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.
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B
Nashville-Davidson metropolitan government (balance) Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Nashville-Davidson metropolitan government (balance) | Tennessee Avg | US Average |
|---|---|---|---|
| Median Household Income | $77,425 | $69,901 | $80,455 |
| Median Personal Income | $58,564 | $53,263 | $60,758 |
| Average Yearly Income Growth | 5.7% | 5.2% | 4.8% |
| Six-Figure Earners | 14.7% | 10.4% | 13.9% |
| $200k+ Households | 12.2% | 9.0% | 13.2% |
The median household income in Nashville-Davidson metropolitan government (balance) is about 11% higher than in Tennessee. Income has been growing faster in Nashville-Davidson metropolitan government (balance) (5.7%/yr) than in Tennessee (5.2%/yr).
About 15% of adults in Nashville-Davidson metropolitan government (balance) earn six figures ($100,000 or more) a year, higher than the Tennessee average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Nashville-Davidson metropolitan government (balance), Tennessee grew by 71.9% from 2009 to 2024, reaching $77,425 in 2024. That's an average of about 5.7% per year.
Income Inequality and the Gender Pay Gap in Nashville-Davidson metropolitan government (balance)
| Metric | Nashville-Davidson metropolitan government (balance) | Tennessee Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.518 | 0.542 | 0.552 |
| Male Median Income | $66,907 | $61,993 | $69,667 |
| Female Median Income | $59,503 | $50,108 | $56,850 |
| Gender Pay Gap | 11.1% | 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 Nashville-Davidson metropolitan government (balance), it is 0.518, 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 12% more than women's income in Nashville-Davidson metropolitan government (balance), Tennessee. Over a 35-year career, a 12% wage gap accumulates to roughly $259,140 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Nashville-Davidson metropolitan government (balance), Tennessee has narrowed from about 14% to 11% in 2024. Over that period the gap was narrowest at 7% in 2017. In dollar terms, the gap has widened by $1,888 since 2009.
Employment
| Metric | Nashville-Davidson metropolitan government (balance) | Tennessee Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.4% | 4.6% | 5.2% |
| Working from Home | 20.4% | 12.9% | 15.0% |
| Commute time (minutes) | 22 | 22 | 22 |
Approximately 18,074 people are unemployed in Nashville-Davidson metropolitan government (balance), Tennessee.
The average commute time in Nashville-Davidson metropolitan government (balance) is 22 minutes, about the same as in Tennessee.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Nashville-Davidson metropolitan government (balance), Tennessee has fallen from 8.3% to 4.4% in 2024. Over that period the rate peaked at 8.9% in 2013 and fell as low as 4.1% in 2019.
Nashville-Davidson metropolitan government (balance), TN Wealth Compared With Nearby Cities
How Nashville-Davidson metropolitan government (balance), TN compares with the 1 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. |
|---|---|---|---|---|---|
| Nashville-Davidson metropolitan government (balance), TN | 685,455 | $77,425 #2/2 | 5.7%/yr #1/2 | 4.4% #2/2 | 0.518 #1/2 |
| Brentwood, TN | 44,549 | $177,913 | 3.1%/yr | 2.5% | 0.551 |
Conclusion
Considering all these factors, Nashville-Davidson metropolitan government (balance), Tennessee has an overall wealth index grade of B, making it somewhat better than Tennessee, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Nashville-Davidson metropolitan government (balance), Tennessee.
How Rich Is Nashville-Davidson metropolitan government (balance), Tennessee?
Nashville-Davidson metropolitan government (balance) has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $77,425, about 11% higher than the Tennessee average of $69,901.
How fast is household income rising in Nashville-Davidson metropolitan government (balance), Tennessee?
Between 2009 and 2024, the median household income in Nashville-Davidson metropolitan government (balance), Tennessee rose 72%, from $45,036 to $77,425. Over the same years, income here outpaced Tennessee as a whole: +72% against +63%.
What was the median household income in Nashville-Davidson metropolitan government (balance) in 2023?
In 2023, the median household income in Nashville-Davidson metropolitan government (balance), Tennessee was $75,096, up 5% from $71,410 in 2022. The Tennessee median that year was $67,483.
What was the median household income in Nashville-Davidson metropolitan government (balance) in 2020?
In 2020, the median household income in Nashville-Davidson metropolitan government (balance), Tennessee was $62,056. By 2024 it had risen 25% to $77,425.
Is Nashville-Davidson metropolitan government (balance), Tennessee a high-income area?
Yes. 15% of adults in Nashville-Davidson metropolitan government (balance), Tennessee earn $100,000 or more a year (about 1 in 7), against 10% (about 1 in 10) in Tennessee. 12% of households have a combined income of $200,000 or more, compared with 9% in Tennessee.
What is the Gini coefficient in Nashville-Davidson metropolitan government (balance), Tennessee?
The Gini coefficient in Nashville-Davidson metropolitan government (balance) is 0.518. 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 Nashville-Davidson metropolitan government (balance), Tennessee?
Since 2009, the income gap between men and women in Nashville-Davidson metropolitan government (balance), Tennessee has narrowed from about 14% to 11% in 2024. Over that period the gap was narrowest at 7% in 2017. In dollar terms, the gap has widened by $1,888 since 2009.
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