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.
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Income Statistics Overview
| Metric | Shelby County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Household Income | $62,646 | $67,486 | $78,145 |
| Median Personal Income | $62,646 | $67,486 | $78,145 |
| Average income growth | 4.2% | 4.2% | 4.2% |
Household Income Trend
Median Household Income Over Time
Shelby County
United States
Economic Inequality in Shelby County | Gender Pay Gap | Gini Index
| Metric | Shelby County | Tennessee Avg | US Average |
|---|---|---|---|
| Gini Index | 0.573 | 0.558 | 0.570 |
| Male Median Income | $58,359 | $60,097 | $67,746 |
| Female Median Income | $49,319 | $48,310 | $54,793 |
| Gender Pay Gap | 15.5% | 19.6% | 19.1% |
Income by Sex Over Time
Male
Female
Employment
| Metric | Shelby County | Tennessee Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.1% | 4.7% | 5.2% |
| Working from Home | 9.4% | 11.4% | 13.4% |
| Commute time (minutes) | 21 | 22 | 22 |
Unemployment Rate Over Time
Shelby County
United States