Monroe County, Tennessee
Income Data
At a Glance
How Monroe County Compares
Detailed Income Statistics
Data Story
About Household Income in Monroe County, Tennessee
Monroe County earns well below national average
Monroe County's median household income of $56,648 trails the national median of $74,755 by $18,107—a 24% shortfall that reflects significant economic disadvantage. Per capita income of $29,107 falls notably below the state average of $31,458, indicating limited earning potential across the community.
Below Tennessee state average income
Monroe County earns $2,346 less than the Tennessee state average of $58,994, placing it among the state's lower-income communities. This modest gap masks deeper structural employment challenges that require targeted economic development.
Second-lowest income in the regional group
Monroe County's $56,648 median income edges above only McNairy County ($50,714) in the region but lags all other comparable counties. The $17,514 gap to Maury County ($74,162) highlights stark income inequality within this rural Tennessee region.
Best housing affordability in the region
Monroe County's rent-to-income ratio of 14.8%—the lowest in this county group—keeps housing costs very manageable and well below the 30% affordability threshold. A median home value of $199,700 makes homeownership accessible for county-median households, providing a wealth-building opportunity.
Seize housing equity and income growth opportunities
Monroe County's excellent housing affordability creates an ideal window for building wealth through homeownership before prices appreciate further. Focus simultaneously on increasing household income through career advancement, skill development, and exploring remote work opportunities from higher-wage markets.
Frequently Asked Questions
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Income Comparison Calculator
See how your household income compares in Monroe County
Your income is above the Monroe County median
County median: $56,648 per year
vs. County Median
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vs. State Average
-4%
vs. National Median
-24%
Income Adequacy
Your monthly income ($4,721) vs. median rent ($699/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.