Spring Hill, Tennessee Income Statistics
Spring Hill 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.
-
A
Spring Hill Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Spring Hill | Tennessee Avg | US Average |
|---|---|---|---|
| Median Household Income | $111,447 | $69,901 | $80,455 |
| Median Personal Income | $73,581 | $53,263 | $60,758 |
| Average Yearly Income Growth | 4.3% | 5.2% | 4.8% |
| Six-Figure Earners | 19.8% | 10.4% | 13.9% |
| $200k+ Households | 18.8% | 9.0% | 13.2% |
The median household income in Spring Hill is about 59% higher than in Tennessee. Income has been growing slower in Spring Hill (4.3%/yr) than in Tennessee (5.2%/yr).
About 20% of adults in Spring Hill 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 Spring Hill, Tennessee grew by 89.8% from 2009 to 2024, reaching $111,447 in 2024. That's an average of about 4.3% per year.
Income Inequality and the Gender Pay Gap in Spring Hill
| Metric | Spring Hill | Tennessee Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.509 | 0.542 | 0.552 |
| Male Median Income | $87,086 | $61,993 | $69,667 |
| Female Median Income | $65,807 | $50,108 | $56,850 |
| Gender Pay Gap | 24.4% | 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 Spring Hill, it is 0.509, 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 32% more than women's income in Spring Hill, Tennessee. Over a 35-year career, a 32% wage gap accumulates to roughly $744,765 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Spring Hill, Tennessee has widened from about 21% to 24% in 2024. Over that period the gap was widest at 33% in 2019, and was narrowest at 20% in 2020. In dollar terms, the gap has widened by $11,345 since 2009.
Sharply against the trend: the pay gap in Spring Hill widened by 3.5 points while Tennessee's narrowed by 3.7 points.
Employment
| Metric | Spring Hill | Tennessee Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.2% | 4.6% | 5.2% |
| Working from Home | 22.7% | 12.9% | 15.0% |
| Commute time (minutes) | 30 | 22 | 22 |
Approximately 557 people are unemployed in Spring Hill, Tennessee.
The average commute time in Spring Hill is 30 minutes, longer than the 22 minutes in Tennessee.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Spring Hill, Tennessee has fallen from 3.9% to 2.2% in 2024. Over that period the rate peaked at 4.7% in 2013 and fell as low as 1.6% in 2022.
Spring Hill, TN Wealth Compared With Nearby Cities
How Spring Hill, TN compares with the 2 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. |
|---|---|---|---|---|---|
| Spring Hill, TN | 45,602 | $111,447 #2/3 | 4.3%/yr #2/3 | 2.2% #1/3 | 0.509 #1/3 |
| Columbia, TN | 26,144 | $61,318 | 5.7%/yr | 2.4% | 0.529 |
| Franklin, TN | 65,220 | $114,018 | 3.3%/yr | 2.3% | 0.516 |
Conclusion
Considering all these factors, Spring Hill, Tennessee has an overall wealth index grade of A, making it far better than Tennessee, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Spring Hill, Tennessee.
How Rich Is Spring Hill, Tennessee?
Spring Hill has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $111,447, about 59% higher than the Tennessee average of $69,901.
How fast is household income rising in Spring Hill, Tennessee?
Between 2009 and 2024, the median household income in Spring Hill, Tennessee rose 90%, from $58,711 to $111,447. Over the same years, income here outpaced Tennessee as a whole: +90% against +63%.
What was the median household income in Spring Hill in 2023?
In 2023, the median household income in Spring Hill, Tennessee was $101,963, down 3% from $104,633 in 2022. The Tennessee median that year was $67,483.
What was the median household income in Spring Hill in 2020?
In 2020, the median household income in Spring Hill, Tennessee was $89,180. By 2024 it had risen 25% to $111,447.
How many people earn six figures in Spring Hill, Tennessee?
Yes. 20% of adults in Spring Hill, Tennessee earn $100,000 or more a year (about 1 in 5), against 10% (about 1 in 10) in Tennessee. 19% of households have a combined income of $200,000 or more, compared with 9% in Tennessee.
Is it hard to find a job in Spring Hill, Tennessee?
Unemployment in Spring Hill, Tennessee is only 2.2%, well below the Tennessee rate of 4.6%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Spring Hill, Tennessee?
The Gini coefficient in Spring Hill is 0.509. 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 Spring Hill, Tennessee?
Since 2009, the income gap between men and women in Spring Hill, Tennessee has widened from about 21% to 24% in 2024. Over that period the gap was widest at 33% in 2019, and was narrowest at 20% in 2020. In dollar terms, the gap has widened by $11,345 since 2009.
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