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Tennessee is the thirty-fifth-richest state in the United States of America, with a per capita income of $28,764 (2017). Tennessee counties ranked by per capita income [ edit ]
Tennessee has a reputation as low-tax state and is usually ranked as one of the five states with the lowest tax burden on residents. [7] It is one of nine states that do not have a general income tax; the sales tax is the primary means of funding the government. [8] The Hall income tax was a tax imposed on most dividends and interest.
The state taxes dividends and interest at 3% in 2024. The former 5% tax was decreasing by 1% each year, but a 2023 law accelerated the repeal to the start of 2025. [ 15 ] For large businesses, the 0.55% Business Enterprise Tax is essentially an income tax. The state also has a 7.5% (2024) Business Profits Tax.
The median household income was $50,140 and the median family income was $56,650. Males had a median income of $39,848 versus $26,794 for females. The per capita income for the county was $22,739. About 4.60% of families and 6.70% of the population were below the poverty line, including 7.80% of those under age 18 and 11.50% of those age 65 or ...
For every 100 females age 18 and over, there were 94.30 males. The median household income was $19,760, which was the lowest median household income of any county in Tennessee, [14] and the 27th lowest in the United States. The median family income was $25,372. Males had a median income of $23,150 and females $18,199. The per capita income was ...
Counties of Tennessee. There are 95 counties in the U.S. State of Tennessee. As of 2023, Shelby County was both Tennessee's most populous county, with 910,042 residents, and the largest county in area, covering an area of 755 sq mi (1,955 km 2). The least populous county was Pickett County (5,128) and the smallest in area was Trousdale County ...
The median household income was $46,030 and the median family income was $52,125. Males had a median income of $36,875 versus $25,720 for females. The per capita income for the county was $21,164. About 6.20% of families and 8.10% of the population were below the poverty line, including 10.50% of those under age 18 and 10.00% of those age 65 or ...
Shelby County is the westernmost county in the U.S. state of Tennessee. As of the 2020 census, the population was 929,744. [3] It is the largest of the state's 95 counties, both in terms of population and geographic area. Its county seat is Memphis, [4] a port on the Mississippi River and the second most populous city in the state.