Severe inflation continues to plague the U.S. economy, and higher prices have been particularly hard to bear on those with lower pay. While incomes have been generally rising, they have not matched inflation, eroding real wages.

According to census data released in September, the typical U.S. household income was $69,717 in 2021, about $4,000 higher compared to 2019, the last time the Census released an annual American Community Survey, having skipped a year due to data collection problems tied to the pandemic.

While the median income increased nationwide, in many states, wages did not rise to the same degree and remain far lower than average.

The latest census data shows that the typical household in Tennessee earns $59,695 per year, the 10th lowest median household income among states, and $10,022 less than the national median.

Home values are often a reflection of what local populations can afford, and just as incomes are lower than average in Tennessee, so, too, are home values. The typical home in the state is worth $235,200, below the national median home value of $281,400, according to the 2021 ACS.

 

RankStateMedian household income ($)Median home value ($)
1Mississippi48,716145,600
2West Virginia51,248143,200
3Louisiana52,087192,800
4Arkansas52,528162,300
5Alabama53,913172,800
6New Mexico53,992214,000
7Kentucky55,573173,300
8Oklahoma55,826168,500
9South Carolina59,318213,500
10Tennessee59,695235,200
11Missouri61,847198,300
12North Carolina61,972236,900
13Ohio62,262180,200
14Indiana62,743182,400
15Florida63,062290,700
16Montana63,249322,800
17Michigan63,498199,100
18Kansas64,124183,800
19Maine64,767252,100
20Wyoming65,204266,400
21Iowa65,600174,400
22South Dakota66,143219,900
23Nevada66,274373,000
24Idaho66,474369,300
25North Dakota66,519224,400
26Georgia66,559249,700
27Nebraska66,817204,900
28Texas66,963237,400
29Wisconsin67,125230,700
30Pennsylvania68,957222,300
31Arizona69,056336,300
32Delaware71,091300,500
33Oregon71,562422,700
34Illinois72,205231,500
35Vermont72,431271,500
36Rhode Island74,008348,100
37New York74,314368,800
38Minnesota77,720285,400
39Alaska77,845304,900
40Utah79,449421,700
41Virginia80,963330,600
42Colorado82,254466,200
43Connecticut83,771311,500
44Washington84,247485,700
45Hawaii84,857722,500
46California84,907648,100
47New Hampshire88,465345,200
48New Jersey89,296389,800
49Massachusetts89,645480,600
50Maryland90,203370,800