Wealth Index
Wealthiest county 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 | Williamson County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Household Income | $131,296 | $67,486 | $78,145 |
| Median Personal Income | $92,181 | $54,029 | $61,726 |
| Average income growth | 4.0% | 5.4% | 5.1% |
| Six-Figure Earners | 25.8% | 9.7% | 13.2% |
The median household income in Williamson County is about 95% higher than in Tennessee. Income has been growing slower in Williamson County (4.0%/yr) than in Tennessee (5.4%/yr).
About 26% of adults in Williamson County earn six figures ($100,000 or more) a year, higher than the Tennessee average of 10%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Williamson County, Tennessee grew by 48.1% from 2009 to 2023, reaching $131,296 in 2023. That's an average of about 4.0% per year.
Economic Inequality in Williamson County | Gender Pay Gap | Gini Coefficient
| Metric | Williamson County | Tennessee Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.567 | 0.558 | 0.570 |
| Male Median Income | $109,100 | $60,097 | $67,746 |
| Female Median Income | $69,277 | $48,310 | $54,793 |
| Gender Pay Gap | 36.5% | 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 Williamson County, it is 0.567, 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 57% more than women's income in Williamson County, Tennessee. Over a 35-year career, a 57% wage gap accumulates to roughly $1,393,805 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Williamson County, Tennessee has narrowed from about 39% to 37% in 2023. In dollar terms, the gap has widened by $9,809 since 2009.
Employment
| Metric | Williamson County | Tennessee Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.0% | 4.7% | 5.2% |
| Working from Home | 25.8% | 11.4% | 13.4% |
| Commute time (minutes) | 26 | 22 | 22 |
Approximately 2,644 people are unemployed in Williamson County, Tennessee.
The average commute time in Williamson County is 26 minutes, longer than the 22 minutes in Tennessee.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Williamson County, Tennessee has fallen from 5.1% to 2.0% in 2023.
Conclusion
Considering all these factors, Williamson County, Tennessee has an overall wealth index grade of A+, making it far better than Tennessee, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Williamson County, Tennessee.
How Rich Is Williamson County, Tennessee?
Williamson County 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 it is one of the most prosperous areas in the country. The median household income is $131,296, about 95% higher than the Tennessee average of $67,486.
What is the current median household income in Williamson County, Tennessee?
As of 2023, the median household income in Williamson County, Tennessee is $131,296.
What was the median household income in Williamson County in 2023?
In 2023, the median household income in Williamson County, Tennessee was $131,296.
What was the median household income in Williamson County in 2020?
In 2020, the median household income in Williamson County, Tennessee was $113,333.
What is the Gini coefficient in Williamson County, Tennessee?
The Gini coefficient in Williamson County is 0.567. 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 Williamson County, Tennessee?
Since 2009, the income gap between men and women in Williamson County, Tennessee has narrowed from about 39% to 37% in 2023. In dollar terms, the gap has widened by $9,809 since 2009.