Carthage, TN Profile: Facts & Data

Carthage, Tennessee - Basic Facts

The Town of Carthage had a population of 2,314 as of July 1, 2024.

The primary coordinate point for Carthage is located at latitude 36.2523 and longitude -85.9517 in Smith County. The formal boundaries for the Town of Carthage encompass a land area of 2.86 sq. miles and a water area of 0 sq. miles. Smith County is in the Central time zone (GMT -6).

The Town of Carthage 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 Carthage is located within Commissioner District 6, a minor civil division (MCD) of Smith County.

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

POPULATION
Total Population	2,314 (100%)
Population in Households	2,158 (93.3%)
Population in Families	1,701 (73.5%)
Population in Group Quarters¹	156 ( 6.7%)
Population Density	797
Diversity Index²	29


INCOME
Median Household Income	$52,758
Average Household Income	$67,447
% of Income for Mortgage⁴	27%
Per Capita Income	$27,138
Wealth Index⁵	47
Socioeconomic Status Index⁶	Moderate (53.5)

HOUSING
Total HU (Housing Units)	1,016 (100%)
Owner Occupied HU	548 (53.9%)
Renter Occupied HU	379 (37.3%)
Vacant Housing Units	89 ( 8.8%)
Median Home Value	$228,182
Average Home Value	$256,387
Housing Affordability Index³	96

HOUSEHOLDS
Total Households	927
Average Household Size	2.33
Family Households	574
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

1,016 (100%)

Owner Occupied HU

548 (53.9%)

Renter Occupied HU

379 (37.3%)

Vacant Housing Units

89 ( 8.8%)

Median Home Value

$228,182

Average Home Value

$256,387

Housing Affordability Index³

HOUSEHOLDS

Total Households

927

Average Household Size

2.33

Family Households

574

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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.24%	0.19%
Households	0.33%	0.24%
Families		-0.28%
Median Household Income		3.09%
Per Capita Income		3.16%
Owner Occupied HU		1.42%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

0.24%

0.19%

Households

0.33%

0.24%

Families

-0.28%

Median Household Income

3.09%

Per Capita Income

3.16%

Owner Occupied HU

1.42%

Carthage, TN - Peer Comparisons by Rank and Percentile

The table below compares Carthage 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.

Variable Description	Rank	Percentile
Total Population	# 189	63rd
Population Density	# 134	74th
Median Household Income	# 331	34th
Housing Affordability Index	# 182	36th
Per Capita Income	# 386	24th
Diversity Index	# 201	60th

Variable Description

Rank

Percentile

Total Population

# 189

63rd

Population Density

# 134

74th

Median Household Income

# 331

34th

Housing Affordability Index

# 182

36th

Per Capita Income

# 386

24th

Diversity Index

# 201

60th

Tennessee Census Data Comparison Tool

Carthage, TN Profile: Facts & Data

Carthage, Tennessee - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Carthage, TN - Peer Comparisons by Rank and Percentile

Carthage, TN - Most Popular Things to Do

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