Wealth Index
Less wealthy than 70% 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 | Obion County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Household Income | $53,377 | $67,486 | $78,145 |
| Median Personal Income | $45,846 | $54,029 | $61,726 |
| Average income growth | 4.7% | 5.4% | 5.1% |
| Six-Figure Earners | 4.2% | 9.7% | 13.2% |
The median household income in Obion County is about 21% lower than in Tennessee. Income has been growing slower in Obion County (4.7%/yr) than in Tennessee (5.4%/yr).
About 4% of adults in Obion 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 Obion County, Tennessee grew by 42.3% from 2009 to 2023, reaching $53,377 in 2023. That's an average of about 4.7% per year.
Economic Inequality in Obion County | Gender Pay Gap | Gini Coefficient
| Metric | Obion County | Tennessee Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.533 | 0.558 | 0.570 |
| Male Median Income | $51,469 | $60,097 | $67,746 |
| Female Median Income | $38,503 | $48,310 | $54,793 |
| Gender Pay Gap | 25.2% | 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 Obion County, it is 0.533, 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 34% more than women's income in Obion County, Tennessee. Over a 35-year career, a 34% wage gap accumulates to roughly $453,810 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Obion County, Tennessee has narrowed from about 31% to 25% in 2023. In dollar terms, the gap has widened by $1,084 since 2009.
Employment
| Metric | Obion County | Tennessee Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.8% | 4.7% | 5.2% |
| Working from Home | 3.7% | 11.4% | 13.4% |
| Commute time (minutes) | 16 | 22 | 22 |
Approximately 506 people are unemployed in Obion County, Tennessee.
The average commute time in Obion County is 16 minutes, shorter than the 22 minutes in Tennessee.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Obion County, Tennessee has fallen from 8.5% to 3.8% in 2023.
Conclusion
Considering all these factors, Obion County, Tennessee has an overall wealth index grade of D, making it somewhat worse than Tennessee, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Obion County, Tennessee.
How Wealthy Is Obion County, Tennessee?
Obion County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $53,377, about 21% lower than the Tennessee average of $67,486.
What is the current median household income in Obion County, Tennessee?
As of 2023, the median household income in Obion County, Tennessee is $53,377.
What was the median household income in Obion County in 2023?
In 2023, the median household income in Obion County, Tennessee was $53,377.
What was the median household income in Obion County in 2020?
In 2020, the median household income in Obion County, Tennessee was $39,981.
What is the Gini coefficient in Obion County, Tennessee?
The Gini coefficient in Obion County is 0.533. 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 Obion County, Tennessee?
Since 2009, the income gap between men and women in Obion County, Tennessee has narrowed from about 31% to 25% in 2023. In dollar terms, the gap has widened by $1,084 since 2009.