Wealth Index
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 | Sequatchie County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Household Income | $53,298 | $67,486 | $78,145 |
| Median Personal Income | $44,421 | $54,029 | $61,726 |
| Average income growth | 2.2% | 5.4% | 5.1% |
| Six-Figure Earners | 6.1% | 9.7% | 13.2% |
The median household income in Sequatchie County is about 21% lower than in Tennessee. Income has been growing slower in Sequatchie County (2.2%/yr) than in Tennessee (5.4%/yr).
About 6% of adults in Sequatchie 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 Sequatchie County, Tennessee grew by 44.4% from 2009 to 2023, reaching $53,298 in 2023. That's an average of about 2.2% per year.
Economic Inequality in Sequatchie County | Gender Pay Gap | Gini Coefficient
| Metric | Sequatchie County | Tennessee Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.542 | 0.558 | 0.570 |
| Male Median Income | $48,116 | $60,097 | $67,746 |
| Female Median Income | $39,686 | $48,310 | $54,793 |
| Gender Pay Gap | 17.5% | 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 Sequatchie County, it is 0.542, 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 21% more than women's income in Sequatchie County, Tennessee. Over a 35-year career, a 21% wage gap accumulates to roughly $295,050 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Sequatchie County, Tennessee has narrowed from about 20% to 18% in 2023. In dollar terms, the gap has widened by $1,234 since 2009.
Employment
| Metric | Sequatchie County | Tennessee Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.9% | 4.7% | 5.2% |
| Working from Home | 12.0% | 11.4% | 13.4% |
| Commute time (minutes) | 28 | 22 | 22 |
Approximately 320 people are unemployed in Sequatchie County, Tennessee.
The average commute time in Sequatchie County is 28 minutes, longer than the 22 minutes in Tennessee.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Sequatchie County, Tennessee has fallen from 10.1% to 4.9% in 2023.
Conclusion
Considering all these factors, Sequatchie County, Tennessee has an overall wealth index grade of D, making it about on par with Tennessee, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Sequatchie County, Tennessee.
How Rich Is Sequatchie County, Tennessee?
Sequatchie 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 $53,298, about 21% lower than the Tennessee average of $67,486.
What is the current median household income in Sequatchie County, Tennessee?
As of 2023, the median household income in Sequatchie County, Tennessee is $53,298.
What was the median household income in Sequatchie County in 2023?
In 2023, the median household income in Sequatchie County, Tennessee was $53,298.
What was the median household income in Sequatchie County in 2020?
In 2020, the median household income in Sequatchie County, Tennessee was $43,917.
What is the Gini coefficient in Sequatchie County, Tennessee?
The Gini coefficient in Sequatchie County is 0.542. 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 Sequatchie County, Tennessee?
Since 2009, the income gap between men and women in Sequatchie County, Tennessee has narrowed from about 20% to 18% in 2023. In dollar terms, the gap has widened by $1,234 since 2009.