Meigs County, Tennessee
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Meigs County Compares
Detailed Income Statistics
Income Advisory: Meigs County
Income Verdict
Meigs County has a median household income of $58,395 and per capita income of $30,197 — a gap of $28,198, suggesting a typical mix of dual-income and single-earner households.
Housing Affordability
With median gross rent at $845/month and a median household income of $58,395, rent consumes approximately 17.4% of monthly income — well within affordable thresholds.
Economic Context
With a median household income of $58,395, residents of Meigs County likely face budget constraints in higher-cost regions but may find cost of living manageable locally. Per capita income of $30,197 is in line with national norms for individual earners.
Neighbor Context
Meigs County earns approximately 1% below the Tennessee state median household income of $58,994.
Data Story
About Household Income in Meigs County, Tennessee
Meigs County trails the national income median
Meigs County's median household income of $58,395 falls $16,360 short of the national median of $74,755, placing it in the lower-middle income category. Per capita income of $30,197 also lags the state average of $31,458 by 4%, indicating limited earning power across the county.
Below state average in household earnings
Meigs County earns $599 less than the Tennessee state average of $58,994, placing it just barely below the state norm. While close to state averages, the county still signals economic challenges requiring workforce development and employment diversification.
Middling income among region's counties
Meigs County's $58,395 income positions it near the regional midpoint—above McNairy County ($50,714) and Monroe County ($56,648) but well below Marshall County ($70,829). The county faces moderate income pressure compared to wealthier neighbors like Maury and Montgomery counties.
Housing costs require careful budgeting
Meigs County's rent-to-income ratio of 17.4% puts housing costs above typical comfort levels, signaling budget strain for median-income households. A median home value of $185,500 remains relatively accessible, though down payments and monthly obligations require disciplined financial planning.
Build wealth through deliberate planning
With incomes below both state and national averages, Meigs County residents should prioritize budgeting and savings discipline. Consider first-time homebuyer programs to leverage affordable property values, explore employer retirement matching, and seek higher-wage employment paths to accelerate wealth accumulation.
Frequently Asked Questions
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Income Comparison Calculator
See how your household income compares in Meigs County
Your income is above the Meigs County median
County median: $58,395 per year
vs. County Median
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vs. State Average
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vs. National Median
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Income Adequacy
Your monthly income ($4,866) vs. median rent ($845/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.