TN sees decline in poverty rate
Tuesday, September 20, 2016 12:58 pm
Tennessee was one of 25 states that saw a significant decline in its poverty rates, 1.6 percent, from 2014 to 2015, according to the 2015 American Community Survey (ACS) one-year estimates released today by the U.S. Census Bureau.
The annual survey provides a wide range of demographic and economic statistics on states and local areas for communities of 65,000 or greater.
Tennessee's Metropolitan Statistical Area (MSA) highlights from the 2015 survey include:
Nashville-Davidson-Murfreesboro-Franklin (Nashville), Clarksville* and Chattanooga* MSAs experienced poverty rates below the state average of 16.7 percent.
Three MSAs, Nashville, Knoxville and Memphis*, had higher percentages of their respective populations -- 25 and older -- who had at least a bachelor's degree at 33.7 percent, 27.9 percent and 27 percent, respectively, when compared to the state average of 25.7.
Three MSAs had lower median ages than the state average of 38.7
Nashville, Clarksville* and Memphis* MSAs had median incomes above the state average of $24,732. Nashville MSA's median income was $29,860, Other Tennessee highlights include:
86 percent of Tennesseans 25 years old and over had at least a high school diploma in 2015, and 25.7 percent had a bachelor's degree or higher.
89.7 percent of the state's population had health insurance in 2015, up from 88 percent in 2014.
Tennessee's median age of 38.7 was just higher than the nation's of 37.8.
Median income in Tennessee grew from $23,189 in 2014 to $24,732 in 2015, while the nation's grew from $26,757 to $27,643.