38506 Income Statistics

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Comparison to Surrounding Areas

38506 Median Household Income

The median household income ($60,588) for 38506 is less than the median household income for 38544 ($62,557), 38568 ($65,446), and 38580 ($71,023). But it's more than 38574 ($49,404), 38501 ($49,373), 38570 ($37,761), 38583 ($50,582), Overton County ($46,580), Putnam County ($54,371), White County ($48,220), Cookeville city ($48,094), and Algood city ($38,792).

38506	$60,588
Algood city	$38,792
Cookeville city	$48,094
Overton County	$46,580
Putnam County	$54,371
White County	$48,220

38506 Average Household Income

The average household income ($79,719) for 38506 is less than the average household income for 38580 ($81,189). But it's more than 38583 ($66,021), 38501 ($67,626), 38544 ($76,631), 38568 ($76,828), 38570 ($68,490), 38574 ($66,488), Putnam County ($72,137), White County ($64,405), Overton County ($72,062), Algood city ($45,598), and Cookeville city ($67,301).

38506	$79,719
Algood city	$45,598
Cookeville city	$67,301
Overton County	$72,062
Putnam County	$72,137
White County	$64,405

38506 Per-Capita Income

The per-capita income for 38506 is $33,982. The per capita income ($33,982) for 38506 is more than 38583 ($27,052), 38544 ($28,295), 38568 ($30,722), 38570 ($29,270), 38574 ($26,192), 38580 ($28,695), 38501 ($27,903), Putnam County ($29,419), White County ($26,213), Overton County ($29,556), Algood city ($21,595), and Cookeville city ($27,359).

38506	$33,982
Algood city	$21,595
Cookeville city	$27,359
Overton County	$29,556
Putnam County	$29,419
White County	$26,213

38506 High Income Households

5.9% of households make over $200,000 a year. The percent high income households (5.9%) for 38506 is more than 38583 (2.3%), 38544 (3.9%), 38568 (1.1%), 38570 (3.4%), 38574 (5.2%), 38580 (2.4%), 38501 (4.1%), Putnam County (4.4%), White County (2.6%), Overton County (5.3%), Algood city (0.0%), and Cookeville city (5.0%).

38506	5.9%
Algood city	0.0%
Cookeville city	5.0%
Overton County	5.3%
Putnam County	4.4%
White County	2.6%

38506 Median Household Income by Age of Householder

	under 25 years	25 to 44 years	45 to 64 years	65 years and over
38506	$30,298	$68,083	$69,974	$44,459
Algood city	$-1	$38,877	$-1	$40,750
Cookeville city	$27,589	$60,017	$56,500	$43,974
Overton County	$48,850	$65,348	$64,344	$31,710
Putnam County	$30,395	$62,855	$67,990	$44,304
White County	$45,966	$62,352	$54,911	$34,890

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All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2022 5-year estimates. You can find this information and other demographics for 38506 on the US Census Bureau’s website. These values are in 2022 inflation-adjusted dollars and were downloaded on 7 December 2023.

The following data tables were used:

B19001 Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
B19013 Median Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
B19301 Per Capita Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
S1902 Mean Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
B19049 Median Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars) By Age Of Householder

Margins of error for the above income data are:

	Median Household Income	Average Household Income	Per Capita Income	High Income Households	Median Household Income by Age of Householder
	Median Household Income	Average Household Income	Per Capita Income	High Income Households	under 25	25 to 44	45 to 64	65+
38506	+/-$7,352	+/-$5,697	+/-$2,282	+/-1.5%	+/-$19,784	+/-$7,686	+/-$12,287	+/-$8,684
Algood city	+/-$4,973	+/-$8,489	+/-$3,893	+/-2.4%	+/-$-1	+/-$5,443	+/-$-1	+/-$17,873
Cookeville city	+/-$4,021	+/-$3,935	+/-$1,520	+/-1.3%	+/-$8,205	+/-$5,809	+/-$12,930	+/-$5,699
Overton County	+/-$7,081	+/-$7,248	+/-$2,592	+/-2.1%	+/-$16,950	+/-$8,238	+/-$11,549	+/-$2,817
Putnam County	+/-$2,200	+/-$3,091	+/-$1,224	+/-0.8%	+/-$3,730	+/-$5,983	+/-$3,275	+/-$5,105
White County	+/-$4,011	+/-$5,346	+/-$1,997	+/-1.1%	+/-$9,044	+/-$6,755	+/-$13,724	+/-$2,880