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Tennessee and North Carolina MSAs by Median Household Income

Mon Dec 14, 2009
Continuing our series, the following tables show the Household Income for MSAs in the states of Tennessee and North Carolina at the end of August 2008, December 2008, and August 2009, respectively.

In Tennessee, over the past year, these tables show an average increase in the number of households per MSA of 0.88% and an average increase in the median household income of 3.08% per MSA. (Since the start of 2009, we see the respective average increases in the number of households per MSA and median household income per MSA of 0.58% and 2.02%, respectively.) Only the Columbia, TN MSA experienced a drop in its median household income over the 12 month period from August 2008 to August 2009 (8.59% decline). On the other hand, La Follette (9.22%), Union City (6.20%), and Brownsville (4.82%) showed significant growth in their respective median household income figures. Over that 12 month period, Mississippi saw growth in all of its MSAs in the number of households, varying from Union City (0.05%), Lawrenceburg (0.17%), Newport (0.21%), and Paris (0.22%), to Columbia (2.1%), Nashville (1.96%), and the Clarksville-Hopkinsville area (1.89%).

Notice that the aggregation of these urban areas showed a cumulative increase in the number of households between August 2008 to August 2009 from 2.737M to 2.773M households (an increase of 1.32%), whereas the state of Tennessee showed an increase in households from 2.764M to 2.797M (a change of 33,451 households), and an increase in its average annual household income from $42,586 to $42,932, an increase of 0.81%.

North Carolina, on the other hand, has seen an average increase in the number of households by 1.27% per MSA, an average increase in the median household income of 3.23% per MSA, over the 12 month window. (This number is the average of the changes for each of the identified MSAs over the 12 month period from August 31, 2008 to August 31, 2009. Since the start of 2009, we see an average increase in the median household income of 2.13% per MSA across North Carolina, and an average 0.84% increase in the number of households.) Growth in the median household income over the 12 month period has been almost consistently positive, with the only decline seen in North Wilkesboro (-1.23%); increases peak in Jacksonville (8.16%), New Bern (6.04%), and Morehead City (5.15%). NC saw substantial growth over the period, with only Kinston showing a very slight decline in the number of households (0.03% decline). Otherwise, the most significant increases in the number of households in North Carolina were in Statesville-Mooresville (4.31% increase), the Triangle area (Raleigh-Durham-Chapel Hill, 3.49%), Charlotte-Gastonia-Rock Hill (2.95%), Greenville (2.77%), and Wilmington (2.72%).

Notice that the aggregation of these urban areas showed a cumulative increase in the number of households between August 2008 to August 2009 from 3.918M to 3.994M households (an increase of 1.27%), whereas the state of North Carolina showed an increase in households from 4.214M to 4.290M (a change of 75,651 households), and an increase in its average annual household income from $41,651 to $41,952, a rise of 0.72%.

Also, it should be noted that the consumer price index went from 218.783 at the end of August 2008, to 211.143 at year-end 2008, to 215.969 at the end of August 2009 (a 2.286% increase during 2009, but a 1.286% decrease over the 12 month period).

The following table lists the MSAs in Tennessee and North Carolina, sorted by Median Household Income as of August 2008, year-end 2008, and August 2009.