Morgan County, Tennessee
Income Data
At a Glance
How Morgan County Compares
Detailed Income Statistics
Data Story
About Household Income in Morgan County, Tennessee
Morgan County Lags Behind National Income
Morgan County's median household income of $57,408 falls $17,347 short of the national median of $74,755. This 23% gap means typical households here earn roughly four-fifths what Americans earn on average nationwide.
Above Average for Tennessee Counties
Morgan County ranks above Tennessee's state average median household income of $58,994, placing it among the stronger performers statewide. The county's per capita income of $30,576 also edges close to the state average of $31,458.
Middle Income Among Peer Counties
Morgan County's $57,408 median income positions it in the middle of its rural Tennessee peers. Nearby Polk County ($60,227) and Rhea County ($58,133) earn slightly more, while Overton County ($46,159) and Pickett County ($44,591) fall considerably below.
Rent Affordable, but Housing Stretched
At 15.5%, Morgan County's rent-to-income ratio sits comfortably below the 30% affordability threshold, meaning renters spend a manageable share of earnings on housing. However, the median home value of $144,000 represents 2.5 years of gross household income—a significant financial commitment for wealth-building.
Build Savings with Stable Housing Costs
Morgan County households have breathing room in their budgets thanks to affordable rents and moderate home prices. With housing costs under control, now is the time to establish an emergency fund and explore retirement investments to close the income gap with wealthier counties.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Morgan County median
County median: $57,408 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 ($4,784) vs. median rent ($742/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.