New Tazewell, TN Profile: Facts & Data

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New Tazewell, Tennessee - Basic Facts

The Town of New Tazewell had a population of 2,828 as of July 1, 2023. New Tazewell ranks in the lower 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 New Tazewell is located at latitude 36.4426 and longitude -83.5996 in Claiborne County. The formal boundaries for the Town of New Tazewell encompass a land area of 5.25 sq. miles and a water area of 0 sq. miles. Claiborne County is in the Eastern time zone (GMT -5).

The Town of New Tazewell 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.

The Town of New Tazewell is located within Commissioner District 3, a minor civil division (MCD) of Claiborne County.


Jump to... (On This Page!)
  1. New Tazewell 2023 Demographic Data
  2. Growth Rates for New Tazewell (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Tennessee Research Tools (Easy Tools & Current Data)
  3. Tennessee Data Comparison Tool - 2023 Demographics
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New Tazewell, TN Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 2,828 (100%)
Population in Households 2,738 (96.8%)
Population in Families 2,073 (73.3%)
Population in Group Quarters1 90 ( 3.2%)
Population Density 558
Diversity Index2 15
 
 

INCOME

Median Household Income $42,022
Average Household Income $56,337
% of Income for Mortgage4 18%
Per Capita Income $25,048
Wealth Index5 37
Socioeconomic Status Index6 Low (44.0)
 

HOUSING

Total HU (Housing Units) 1,407 (100%)
Owner Occupied HU 709 (50.4%)
Renter Occupied HU 545 (38.7%)
Vacant Housing Units 153 (10.9%)
Median Home Value $124,379
Average Home Value $150,811
Housing Affordability Index3 145
 

HOUSEHOLDS

Total Households 1,254
Average Household Size 2.18
Family Households 712
Average Family Size 3.00
NOTES
  1. 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.
  2. 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.
  3. 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.
  4. 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).
  5. 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.
  6. 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.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population 0.65% -0.28%
Households -0.37% -0.02%
Families   -0.31%
Median Household Income   2.56%
Per Capita Income   3.12%
Owner Occupied HU   0.67%

New Tazewell, TN - Peer Comparisons by Rank and Percentile

The table below compares New Tazewell to the other 504 incorporated cities, towns and CDPs in Tennessee by rank and percentile using July 1, 2023 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.

Variable Description Rank Percentile
Total Population # 164 68th
Population Density # 205 60th
Median Household Income # 418 17th
Housing Affordability Index # 393 78th
Per Capita Income # 391 23rd
Diversity Index # 427 15th

Additional comparisons and rankings can be made with a VERY EASY TO USE Tennessee Census Data Comparison Tool.

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