What is the income of a household in Tennessee?
Updated annually
About $72,000 in median income in 2024. Household income is the total money received in a year — wages, pensions, investments, public assistance, and more — by everyone in a household over 15.
$72.0K
Median household income (2024)
3.4%
Percent increase (2023 to 2024)
Median incomes change over time due to a range of factors: inflation, economic growth or recessions, shifts in industries and technology, changes in workforce education and demographics, and policy adjustments like minimum wage laws or tax reforms.
After adjusting for inflation, the median household income increased from $69,600 in 2023 to $72,000 in 2024. Median household income was highest in 2024 among the years for which data is available. Tennessee's median household income was 11.8% lower than the US median.
2020 data is excluded due to problems in data collection caused by the COVID-19 pandemic.
Median household income increased by 3.4% from 2023 to $72.0K in 2024.
Median household income in Tennessee, adjusted for inflation (2024 dollars)
The median household income is a useful summary, but it doesn’t fully capture the income landscape. Examining the income distribution provides insight into economic diversity and reveals patterns in income concentrations across different brackets. This perspective helps to better understand the range of and disparities in household earnings.
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In 2024, half of Tennessee households made more than $72,000 and the other half made less.
Compared to the US as a whole, Tennessee had more households in the less than $50,000 income range and fewer in the $200,000 or more range.
In 2024, half of households in Tennessee made over $72.0K and the other half made less.
Share of households in each income group (2024)
Household income can differ depending on the makeup of the household.
Married couple households (with and without kids) had a higher median income than other types of familial households in 2024. Among nonfamily households, males not living alone had a higher median income than females not living alone.
In 2024, married-couple households had the highest median income.
Median income by household type in Tennessee (2024)
Lastly, household income also varies by geography due to differences in cost of living, local job markets, and economic opportunities (e.g. the presence of high-paying industries or declining sectors). Regional policies (like minimum wage), access to education, and other economic factors can also play a role in shaping local income levels.
When ranked highest to lowest, Tennessee was ranked 40th in median household income among states in 2024. States with a similar median income include Ohio (39th) and Indiana (41st).
In 2024, Tennessee ranked 40th in median household income among states.
Median household income by state (2024)
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Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
The analysis was generated with the help of AI and reviewed by USAFacts for accuracy.
Page sources
USAFacts endeavors to share the most up-to-date information available. We sourced the data on this page directly from government agencies; however, the intervals at which agencies publish updated data vary.
