Oak Ridge, Tennessee Income Statistics
Oak Ridge 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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C
Oak Ridge Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Oak Ridge | Tennessee Avg | US Average |
|---|---|---|---|
| Median Household Income | $73,381 | $69,901 | $80,455 |
| Median Personal Income | $56,079 | $53,263 | $60,758 |
| Average Yearly Income Growth | 5.4% | 5.2% | 4.8% |
| Six-Figure Earners | 14.2% | 10.4% | 13.9% |
| $200k+ Households | 11.1% | 9.0% | 13.2% |
The median household income in Oak Ridge is about 5% higher than in Tennessee. Income has been growing faster in Oak Ridge (5.4%/yr) than in Tennessee (5.2%/yr).
About 14% of adults in Oak Ridge 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 Oak Ridge, Tennessee grew by 53.5% from 2009 to 2024, reaching $73,381 in 2024. That's an average of about 5.4% per year.
Income Inequality and the Gender Pay Gap in Oak Ridge
| Metric | Oak Ridge | Tennessee Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.532 | 0.542 | 0.552 |
| Male Median Income | $63,583 | $61,993 | $69,667 |
| Female Median Income | $49,089 | $50,108 | $56,850 |
| Gender Pay Gap | 22.8% | 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 Oak Ridge, it is 0.532, 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 30% more than women's income in Oak Ridge, Tennessee. Over a 35-year career, a 30% wage gap accumulates to roughly $507,290 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Oak Ridge, Tennessee has narrowed from about 33% to 23% in 2024. Over that period the gap was widest at 41% in 2014, and was narrowest at 19% in 2021. In dollar terms, the gap has narrowed by $3,882 since 2009.
Employment
| Metric | Oak Ridge | Tennessee Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.9% | 4.6% | 5.2% |
| Working from Home | 17.0% | 12.9% | 15.0% |
| Commute time (minutes) | 20 | 22 | 22 |
Approximately 565 people are unemployed in Oak Ridge, Tennessee.
The average commute time in Oak Ridge is 20 minutes, shorter than the 22 minutes in Tennessee.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Oak Ridge, Tennessee has fallen from 7.2% to 3.9% in 2024. Over that period the rate peaked at 8.4% in 2014 and fell as low as 3.7% in 2020.
Oak Ridge, TN Wealth Compared With Nearby Cities
How Oak Ridge, 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. |
|---|---|---|---|---|---|
| Oak Ridge, TN | 30,080 | $73,381 #2/2 | 5.4%/yr #1/2 | 3.9% #2/2 | 0.532 #2/2 |
| Farragut, TN | 24,078 | $137,090 | 3.8%/yr | 2.4% | 0.529 |
Conclusion
Considering all these factors, Oak Ridge, 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 Oak Ridge, Tennessee.
How Wealthy Is Oak Ridge, Tennessee?
Oak Ridge 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 $73,381, about 5% higher than the Tennessee average of $69,901.
Are incomes growing in Oak Ridge, Tennessee?
Between 2009 and 2024, the median household income in Oak Ridge, Tennessee rose 54%, from $47,795 to $73,381. Over the same years, income here lagged behind Tennessee as a whole: +54% against +63%.
What was the median household income in Oak Ridge in 2023?
In 2023, the median household income in Oak Ridge, Tennessee was $71,512, up 5% from $68,370 in 2022. The Tennessee median that year was $67,483.
What was the median household income in Oak Ridge in 2020?
In 2020, the median household income in Oak Ridge, Tennessee was $56,819. By 2024 it had risen 29% to $73,381.
Do many residents of Oak Ridge, Tennessee earn over $100,000?
Yes. 14% of adults in Oak Ridge, Tennessee earn $100,000 or more a year (about 1 in 7), against 10% (about 1 in 10) in Tennessee. 11% of households have a combined income of $200,000 or more, compared with 9% in Tennessee.
What is the Gini coefficient in Oak Ridge, Tennessee?
The Gini coefficient in Oak Ridge 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Oak Ridge, Tennessee?
Since 2009, the income gap between men and women in Oak Ridge, Tennessee has narrowed from about 33% to 23% in 2024. Over that period the gap was widest at 41% in 2014, and was narrowest at 19% in 2021. In dollar terms, the gap has narrowed by $3,882 since 2009.
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