This section shows the ZIP code 37014 Tennessee economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, 37014 depicts it has a Median earnings of $109,938 which is the largest of all zip codes in the surrounding region. Comparing median earnings per worker to the United States average of $53,269, ZIP code 37014 is about twice as large. Also, benchmarked against the state of Tennessee, median earnings per worker of $45,676, ZIP code 37014 is approximately 2.4 times bigger.
In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a Median household income of $105,086 which is in the mid range of other zip codes in the greater region. The zip code with the highest median household income in the area is 37046 which depicts a median income of $133,367 (26.9% larger). Comparing median household income to the United States average of $69,021, ZIP code 37014 is 52.3% larger. Also, measured against the state of Tennessee, median household income of $58,516, ZIP code 37014 is 79.6% larger.
The next section examines a variety of different income statistics for the ZIP code 37014 metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings less than $10,000 at 1.1% of the total. Second, it has the smallest proportion of earnings between $15,000 and $19,999 at 13.0% of the total. Third, it has the smallest proportion of earnings between $20,000 and $49,999 at 17.9% of the total. Also, it has the largest proportion of earnings between $75,000 and $99,999 at 40.0% of the total and is ranked #1. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 4 shows that it has a Avg Hrly Earnings of $52.46 which is more than all other zip codes in the metropolitan area. Comparing average hourly earnings to the United States average of $26.40, ZIP code 37014 is about twice as large. Also, in comparison with the state of Tennessee, average hourly earnings of $22.35, ZIP code 37014 is approximately 2.3 times bigger.
Figure 5 examines the number of self employed people in the ZIP code 37014 metro area based on the number of people who reported any self employment income. 37014 depicts it has a Self Employed of 25.2% which is more than all other zip codes in the metro area.
Figure 6 breaks down the source of income and 37014 has the largest proportion of self employment income at 16.2% of the total and is ranked #1. Second, it has the largest proportion of investment and retirement income at 8.6% of the total and is ranked #1.
The next chart (Figure 7) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 39.9% which is the highest of all zip codes in the greater ZIP code 37014 region.
The percentage of full-time workers are compared to the number of part-time workers in Figure 8. 37014 depicts full time employees approximately 3.5 times bigger as the part time employees.
Similar to the last chart is Figure 9 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. ZIP code 37014 shows it has the hightest entrepreneurs of 50% for the self employed in retail trade classification.
Figure 10 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. 37014 shows it has the hightest cost of 236.8 for the cost of housing grouping.
ZIP code 37014 Poverty Charts
In Figure 11 the percentage of people earning less than the poverty level is shown and compared across the group of places. 37014 shows it has a Percent of Population In Poverty of 7.4% which is the third most percent of people earning less than the poverty level of all other zip codes in the greater ZIP code 37014 region. The zip code with the highest percent of people earning less than the poverty level in the area is 37153 which depicts a percent of people in poverty of 11.7% (57.8% larger).
Additionally, Figure 12 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) ZIP code 37014 indicates it has a Public Assistance Percent of 3.0% which is in the mid range of other zip codes in the local area. The zip code with the highest households with public assistance in the area is 37167 which shows a households with public assistance of 10.0% (approximately 3.4 times bigger).
ZIP code 37014 Labor Force Charts
The table in Figure 13, shows ZIP code 37014 employment data in terms of job categories and salary data.
The next two charts look at monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2022, the Covid 19 recession occurred and affects this metric. The monthly unemployment rate depicts that from February 2017 to before the Coronavirus Pandemic it went from 3.3% to 2.3% in December 2019. This represents a decrease in the monthly unemployment rate of 30.3%. Since that time, the monthly unemployment rate has gone to 2.3%. This represents an increase in the monthly unemployment rate of very little.
ZIP code 37014 Jobs Charts
In the jobs section of economic activity charts in Figure 15 shows the average annual earnings for very high level job industry categories for full time and year round employed.
Figure 16 shows the average median earnings for different categories of jobs.
ZIP code 37014 Work Commute Charts
Figure 18 shows a more detailed view of how the population commutes to work for (for example to downtown ZIP code 37014 or elsewhere.) ZIP code 37014 has the smallest proportion of people who carpooled at 3% of the total. Second, it has the largest proportion of people who took a taxicab, motorcycle or other at 4% of the total and is ranked #1.
Figure 19 is provided for comparison purposes to the previous chart. It shows how people get to work overall on average in the United States.
The average commute time is shown in Figure 21. ZIP code 37014 shows it has a Avg Commute Time of 30 which is less than most other zip codes in the metro area.
Cities marked with an asterisk ("*") should resemble a city or town but do not have their own government (i.e. Mayor, City Council, etc.) These places should be recognizable by the local community but their boundaries have no legal status. Technically these include both Census Designated Places (CDP) and Census County Divisions (CCD) which are defined by the Census Bureau along with local authorities. (For more information, see:
Census Designated Place or "CDP")
and Census County Division "CCD".)
For comparison purposes, the US national average and the state average value are provided. Additionally, the "Combined Statistical Area" or CSA is shown that is closest to the city, county, or zip code shown. A CSA is a large grouping of adjacent metropolitan areas that identified by the Census Bureau based on social and economic ties. (See: Combined Statistical Area)
Data sources - Mouse over icon in upper right corner of each chart for information.