Tipton County, Tennessee Income Statistics
Tipton County Wealth Score
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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C
Tipton County Below averageWealthier than 84% of counties in Tennessee
Source: Map AI Methodology
Income Statistics Overview
| Metric | Tipton County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Household Income | $73,641 | $69,901 | $80,455 |
| Median Personal Income | $55,547 | $53,263 | $60,758 |
| Average Yearly Income Growth | 3.7% | 5.2% | 4.8% |
| Six-Figure Earners | 9.2% | 10.4% | 13.9% |
| $200k+ Households | 6.2% | 9.0% | 13.2% |
The median household income in Tipton County is about 5% higher than in Tennessee. Income has been growing slower in Tipton County (3.7%/yr) than in Tennessee (5.2%/yr).
About 9% of adults in Tipton County earn six figures ($100,000 or more) a year, lower than the Tennessee average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Tipton County, Tennessee grew by 44.6% from 2009 to 2024, reaching $73,641 in 2024. That's an average of about 3.7% per year.
Income Inequality and the Gender Pay Gap in Tipton County
| Metric | Tipton County | Tennessee Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.545 | 0.542 | 0.552 |
| Male Median Income | $68,598 | $61,993 | $69,667 |
| Female Median Income | $48,530 | $50,108 | $56,850 |
| Gender Pay Gap | 29.3% | 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 Tipton County, it is 0.545, about the same as Tennessee's 0.542, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 41% more than women's income in Tipton County, Tennessee. Over a 35-year career, a 41% wage gap accumulates to roughly $702,380 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Tipton County, Tennessee has narrowed from about 30% to 29% in 2024. Over that period the gap was narrowest at 21% in 2015. In dollar terms, the gap has widened by $6,125 since 2009.
Employment
| Metric | Tipton County | Tennessee Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.5% | 4.6% | 5.2% |
| Working from Home | 10.7% | 12.9% | 15.0% |
| Commute time (minutes) | 32 | 22 | 22 |
Approximately 1,607 people are unemployed in Tipton County, Tennessee.
The average commute time in Tipton County is 32 minutes, longer than the 22 minutes in Tennessee.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Tipton County, Tennessee has fallen from 11.8% to 5.5% in 2024. Over that period the rate peaked at 13.0% in 2012 and fell as low as 5.1% in 2021.
Tipton County, TN Wealth Compared With Nearby Counties
Tipton County, TN is the 2nd largest of the 6 counties compared here, 61,301 residents against a local median of 39,080. The measure that sets Tipton County, TN apart most is median household income: $73,641, 41% above the local median of $52,315. That is the better end of the local range on this measure.
Income growth tells the same story from another angle: 3.7%/yr against a local median of 5.2%/yr, 28% below it. The picture is mixed rather than uniform: median household income runs ahead of the neighbourhood while income growth runs behind it, so Tipton County, TN is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread $40,136 on median household income, so Tipton County, TN sits at one end of an already wide local range rather than apart from it. Tipton County, TN has the 2nd highest median household income of the 6 areas compared here.
| 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. |
|---|---|---|---|---|---|
| Tipton County, TN | 61,301 | $73,641 #2/6 | 3.7%/yr #6/6 | 5.5% #2/6 | 0.545 #3/6 |
| Lauderdale County, TN | 24,687 | $49,811 | 5.6%/yr | 5.6% | 0.575 |
| Shelby County, TN | 918,438 | $64,222 | 4.0%/yr | 7.2% | 0.558 |
| Mississippi County, AR | 39,080 | $52,315 | 5.2%/yr | 6.9% | 0.563 |
| Fayette County, TN | 43,762 | $87,617 | 5.9%/yr | 4.7% | 0.542 |
| Haywood County, TN | 17,475 | $47,481 | 4.1%/yr | 5.9% | 0.534 |
Conclusion
Considering all these factors, Tipton County, 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 Tipton County, Tennessee.
How Rich Is Tipton County, Tennessee?
Tipton County 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 $73,641, about 5% higher than the Tennessee average of $69,901.
How has median household income changed in Tipton County, Tennessee?
Between 2009 and 2024, the median household income in Tipton County, Tennessee rose 45%, from $50,936 to $73,641. Over the same years, income here lagged behind Tennessee as a whole: +45% against +63%.
What was the median household income in Tipton County in 2023?
In 2023, the median household income in Tipton County, Tennessee was $71,657, up 2% from $70,305 in 2022. The Tennessee median that year was $67,483.
What was the median household income in Tipton County in 2020?
In 2020, the median household income in Tipton County, Tennessee was $63,132. By 2024 it had risen 17% to $73,641.
What is the Gini coefficient in Tipton County, Tennessee?
The Gini coefficient in Tipton County is 0.545. 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 Tipton County, Tennessee?
Since 2009, the income gap between men and women in Tipton County, Tennessee has narrowed from about 30% to 29% in 2024. Over that period the gap was narrowest at 21% in 2015. In dollar terms, the gap has widened by $6,125 since 2009.
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