Algood, TN Profile: Facts & Data

The City of Algood had a population of 4,089 as of July 1, 2023. Algood ranks in the upper 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 Algood is located at latitude 36.1959 and longitude -85.4486 in Putnam County. The formal boundaries for the City of Algood encompass a land area of 4.03 sq. miles and a water area of 0 sq. miles. Putnam County is in the Central time zone (GMT -6).

The City of Algood 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.

Algood, TN Data & Demographics (As of July 1, 2023)

POPULATION
Total Population	4,089 (100%)
Population in Households	4,089 (100.0%)
Population in Families	3,264 (79.8%)
Population in Group Quarters¹	0
Population Density	1,000
Diversity Index²	33


INCOME
Median Household Income	$43,019
Average Household Income	$68,366
% of Income for Mortgage⁴	33%
Per Capita Income	$30,346
Wealth Index⁵	56
Socioeconomic Status Index⁶	Moderate (47.4)

HOUSING
Total HU (Housing Units)	1,992 (100%)
Owner Occupied HU	1,189 (59.7%)
Renter Occupied HU	626 (31.4%)
Vacant Housing Units	177 ( 8.9%)
Median Home Value	$239,183
Average Home Value	$278,785
Housing Affordability Index³	76

HOUSEHOLDS
Total Households	1,815
Average Household Size	2.25
Family Households	1,119
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.

Algood, TN - Peer Comparisons by Rank and Percentile

The table below compares Algood 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.

GROWTH RATE / YEAR	2020-2023	2023-2028
Population	0.97%	0.61%
Households	1.16%	0.77%
Families		0.55%
Median Household Income		3.22%
Per Capita Income		3.13%
Owner Occupied HU		0.78%

Variable Description	Rank	Percentile
Total Population	# 134	74th
Population Density	# 81	84th
Median Household Income	# 407	19th
Housing Affordability Index	# 52	10th
Per Capita Income	# 237	53rd
Diversity Index	# 153	70th

Algood, TN Profile: Facts & Data

Algood, Tennessee - Basic Facts

Algood, TN Data & Demographics (As of July 1, 2023)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Algood, TN - Peer Comparisons by Rank and Percentile

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