Coalmont, TN Profile: Facts & Data

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Coalmont, Tennessee - Basic Facts

The City of Coalmont had a population of 772 as of July 1, 2023. Coalmont ranks in the lower quartile for Population Density and 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 Coalmont is located at latitude 35.3376 and longitude -85.7041 in Grundy County. The formal boundaries for the City of Coalmont encompass a land area of 5.95 sq. miles and a water area of 0.14 sq. miles. Grundy County is in the Central time zone (GMT -6).

The City of Coalmont 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 City of Coalmont is located within Commissioner District 2, a minor civil division (MCD) of Grundy County.


Jump to... (On This Page!)
  1. Coalmont 2023 Demographic Data
  2. Growth Rates for Coalmont (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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Coalmont, TN Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 772 (100%)
Population in Households 772 (100.0%)
Population in Families 642 (83.2%)
Population in Group Quarters1 0
Population Density 128
Diversity Index2 11
 
 

INCOME

Median Household Income $53,817
Average Household Income $68,631
% of Income for Mortgage4 13%
Per Capita Income $27,648
Wealth Index5 44
Socioeconomic Status Index6 Low (41.1)
 

HOUSING

Total HU (Housing Units) 351 (100%)
Owner Occupied HU 241 (68.7%)
Renter Occupied HU 70 (19.9%)
Vacant Housing Units 40 (11.4%)
Median Home Value $116,429
Average Home Value $184,855
Housing Affordability Index3 198
 

HOUSEHOLDS

Total Households 311
Average Household Size 2.48
Family Households 207
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 -0.47% -0.31%
Households -0.20% -0.13%
Families   0.00%
Median Household Income   -3.75%
Per Capita Income   3.52%
Owner Occupied HU   0.08%

Coalmont, TN - Peer Comparisons by Rank and Percentile

The table below compares Coalmont 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 # 324 36th
Population Density # 434 14th
Median Household Income # 236 53rd
Housing Affordability Index # 486 96th
Per Capita Income # 321 37th
Diversity Index # 481 5th

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

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