Wealth Index
Wealthier than 73% 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 | Trousdale County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Household Income | $60,558 | $67,486 | $78,145 |
| Median Personal Income | $49,261 | $54,029 | $61,726 |
| Average income growth | 3.5% | 5.4% | 5.1% |
| Six-Figure Earners | 3.3% | 9.7% | 13.2% |
The median household income in Trousdale County is about 10% lower than in Tennessee. Income has been growing slower in Trousdale County (3.5%/yr) than in Tennessee (5.4%/yr).
About 3% of adults in Trousdale 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 Trousdale County, Tennessee grew by 35.0% from 2009 to 2023, reaching $60,558 in 2023. That's an average of about 3.5% per year.
Economic Inequality in Trousdale County | Gender Pay Gap | Gini Coefficient
| Metric | Trousdale County | Tennessee Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.566 | 0.558 | 0.570 |
| Male Median Income | $52,584 | $60,097 | $67,746 |
| Female Median Income | $42,352 | $48,310 | $54,793 |
| Gender Pay Gap | 19.5% | 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 Trousdale County, it is 0.566, higher than Tennessee's 0.558, so income is less evenly distributed here than there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 24% more than women's income in Trousdale County, Tennessee. Over a 35-year career, a 24% wage gap accumulates to roughly $358,120 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Trousdale County, Tennessee has narrowed from about 25% to 19% in 2023. In dollar terms, the gap has narrowed by $295 since 2009.
Employment
| Metric | Trousdale County | Tennessee Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.0% | 4.7% | 5.2% |
| Working from Home | 4.7% | 11.4% | 13.4% |
| Commute time (minutes) | 37 | 22 | 22 |
Approximately 31 people are unemployed in Trousdale County, Tennessee.
The average commute time in Trousdale County is 37 minutes, longer than the 22 minutes in Tennessee.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Trousdale County, Tennessee has fallen from 8.9% to 1.0% in 2023.
Conclusion
Considering all these factors, Trousdale County, Tennessee has an overall wealth index grade of C, making it about on par with Tennessee, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Trousdale County, Tennessee.
How Rich Is Trousdale County, Tennessee?
Trousdale 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 $60,558, about 10% lower than the Tennessee average of $67,486.
What is the current median household income in Trousdale County, Tennessee?
As of 2023, the median household income in Trousdale County, Tennessee is $60,558.
What was the median household income in Trousdale County in 2023?
In 2023, the median household income in Trousdale County, Tennessee was $60,558.
What was the median household income in Trousdale County in 2020?
In 2020, the median household income in Trousdale County, Tennessee was $56,257.
What is the Gini coefficient in Trousdale County, Tennessee?
The Gini coefficient in Trousdale County is 0.566. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Trousdale County, Tennessee?
Since 2009, the income gap between men and women in Trousdale County, Tennessee has narrowed from about 25% to 19% in 2023. In dollar terms, the gap has narrowed by $295 since 2009.