Hancock County, Tennessee
Income Data
At a Glance
How Hancock County Compares
Detailed Income Statistics
Data Story
About Household Income in Hancock County, Tennessee
Hancock County faces significant income gap
Hancock County's median household income of $31,995 is less than half the national median of $74,755, ranking it among the lowest-income counties in America. This substantial gap reflects limited economic opportunities and the county's rural, agriculture-dependent economy.
Lowest-income county in Tennessee
Hancock County earns just 54% of Tennessee's state median income of $58,994, making it the state's most economically challenged county. Per capita income of $24,037 falls far short of the state average of $31,458, indicating pervasive income constraints across households.
Struggling compared to surrounding counties
Hancock County's $31,995 median income trails every neighboring county measured, including Hawkins ($55,278) and Hardeman ($46,173), by $14,000–$23,000. This isolation from regional economic activity compounds the county's income challenges.
Housing costs strain tight budgets
A rent-to-income ratio of 22.2% pushes housing affordability to the edge, consuming over one-fifth of median household income on rent alone. With a median home value of $118,000 and limited household income, many residents struggle to save for down payments or emergency reserves.
Strengthen financial foundations in Hancock
Building wealth from a lower income requires disciplined prioritization: start by establishing a small emergency fund of $500–$1,000, then explore local workforce development programs or community college courses that could increase earning potential. Even modest increases in income compound significantly over time when matched with basic financial planning.
Frequently Asked Questions
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Income Comparison Calculator
See how your household income compares in Hancock County
Your income is above the Hancock County median
County median: $31,995 per year
vs. County Median
+0%
vs. State Average
-46%
vs. National Median
-57%
Income Adequacy
Your monthly income ($2,666) vs. median rent ($592/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.