Median household income
What does this measure?
Median household income, adjusted for inflation. Half of households earn below the median, and half are above.
Why is this important?
Median household income is a gauge of overall economic health of the region and the financial resources of households.
How is our region performing?
In 2010-14, median household income in the region was $45,100, slightly higher than the state ($44,600) but lower than the nation ($53,500). Among local counties, median household income was highest in Loudon ($50,600) and Knox ($47,500) and lowest in Union ($36,000) and Monroe ($37,200). The region, state, and nation all saw their median income fall by double digits from 2000 to 2010-14 (down 12% in the region, 14% in the state, and 10% in the nation). Median income fell much faster in the region from 2005-09 to 2010-14 than in the nation and state (16% decrease in the region compared to a 6% decrease for the state and the nation). Among the counties, median household incomes decreased most from 2000 to 2010-14 in Sevier, Monroe and Blount (all 14%). Union experienced the smallest rate of decline (7%), but still has the lowest median household income in the region.
Notes about the data
Figures are presented in 2014 dollars. The multiyear figures are from the Census Bureau's American Community Survey. The bureau combined five years of responses to the survey to provide estimates for smaller geographic areas and increase the precision of its estimates. The survey provides data on characteristics of the population that used to be collected only during the decennial census.