Grand Junction, TN Profile: Facts & Data

The City of Grand Junction had a population of 335 as of July 1, 2024. Grand Junction ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Tennessee. See peer rankings below.

The primary coordinate point for Grand Junction is located at latitude 35.049 and longitude -89.187 in Hardeman County. The formal boundaries for the City of Grand Junction encompass a land area of 1.18 sq. miles and a water area of 0 sq. miles. Hardeman County is in the Central time zone (GMT -6).

The City of Grand Junction has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Grand Junction, TN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	335 (100%)
Population in Households	335 (100.0%)
Population in Families	286 (85.4%)
Population in Group Quarters¹	0
Population Density	282
Diversity Index²	48


INCOME
Median Household Income	$45,031
Average Household Income	$55,379
% of Income for Mortgage⁴	19%
Per Capita Income	$24,466
Wealth Index⁵	40
Socioeconomic Status Index⁶	Moderate (49.9)

HOUSING
Total HU (Housing Units)	167 (100%)
Owner Occupied HU	115 (68.9%)
Renter Occupied HU	33 (19.8%)
Vacant Housing Units	19 (11.4%)
Median Home Value	$139,815
Average Home Value	$181,957
Housing Affordability Index³	131

HOUSEHOLDS
Total Households	148
Average Household Size	2.26
Family Households	99
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Grand Junction, TN - Peer Comparisons by Rank and Percentile

The table below compares Grand Junction to the other 504 incorporated cities, towns and CDPs in Tennessee by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.21%	-0.36%
Households	-0.32%	0.13%
Families		-0.20%
Median Household Income		1.25%
Per Capita Income		2.61%
Owner Occupied HU		1.19%

Variable Description	Rank	Percentile
Total Population	# 415	18th
Population Density	# 335	34th
Median Household Income	# 427	15th
Housing Affordability Index	# 399	79th
Per Capita Income	# 441	13th
Diversity Index	# 78	85th

Grand Junction, TN Profile: Facts & Data

Grand Junction, Tennessee - Basic Facts

Grand Junction, TN Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Grand Junction, TN - Peer Comparisons by Rank and Percentile

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