Altamont, TN Profile: Facts & Data

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Altamont, Tennessee - Basic Facts

The Town of Altamont had a population of 1,150 as of July 1, 2023. Altamont ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Tennessee. See peer rankings below.

The primary coordinate point for Altamont is located at latitude 35.4295 and longitude -85.723 in Grundy County. The formal boundaries for the Town of Altamont encompass a land area of 20.16 sq. miles and a water area of 0 sq. miles. Grundy County is in the Central time zone (GMT -6).

The Town of Altamont 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 Altamont is located within Commissioner District 1, a minor civil division (MCD) of Grundy County.


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

POPULATION

Total Population 1,150 (100%)
Population in Households 1,078 (93.7%)
Population in Families 947 (82.3%)
Population in Group Quarters1 72 ( 6.3%)
Population Density 58
Diversity Index2 18
 
 

INCOME

Median Household Income $40,338
Average Household Income $60,754
% of Income for Mortgage4 25%
Per Capita Income $22,653
Wealth Index5 46
Socioeconomic Status Index6 Low (44.2)
 

HOUSING

Total HU (Housing Units) 483 (100%)
Owner Occupied HU 375 (77.6%)
Renter Occupied HU 52 (10.8%)
Vacant Housing Units 56 (11.6%)
Median Home Value $167,188
Average Home Value $199,933
Housing Affordability Index3 103
 

HOUSEHOLDS

Total Households 427
Average Household Size 2.52
Family Households 310
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 -0.03% -0.19%
Households -0.92% -0.05%
Families   0.00%
Median Household Income   2.96%
Per Capita Income   2.44%
Owner Occupied HU   0.05%

Altamont, TN - Peer Comparisons by Rank and Percentile

The table below compares Altamont 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 # 283 44th
Population Density # 487 4th
Median Household Income # 435 14th
Housing Affordability Index # 155 31st
Per Capita Income # 457 10th
Diversity Index # 367 28th

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

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