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Sharon, TN Profile: Facts & Data

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Sharon, Tennessee - Basic Facts

The Town of Sharon had a population of 911 as of July 1, 2024.

The primary coordinate point for Sharon is located at latitude 36.2334 and longitude -88.8245 in Weakley County. The formal boundaries for the Town of Sharon encompass a land area of 1.13 sq. miles and a water area of 0 sq. miles. Weakley County is in the Central time zone (GMT -6).

The Town of Sharon 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 Sharon is located within Commissioner District 4, a minor civil division (MCD) of Weakley County.


Jump to... (On This Page!)
  1. Sharon 2024 Demographic Data
  2. Growth Rates for Sharon (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 - 2024 Demographics
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Sharon, TN Data & Demographics (As of July 1, 2024)

POPULATION

Total Population 911 (100%)
Population in Households 911 (100.0%)
Population in Families 707 (77.6%)
Population in Group Quarters1 0
Population Density 717
Diversity Index2 23
 
 

INCOME

Median Household Income $55,042
Average Household Income $67,921
% of Income for Mortgage4 23%
Per Capita Income $32,357
Wealth Index5 47
Socioeconomic Status Index6 Moderate (46.7)
 

HOUSING

Total HU (Housing Units) 483 (100%)
Owner Occupied HU 309 (64.0%)
Renter Occupied HU 125 (25.9%)
Vacant Housing Units 49 (10.1%)
Median Home Value $200,694
Average Home Value $228,155
Housing Affordability Index3 113
 

HOUSEHOLDS

Total Households 434
Average Household Size 2.10
Family Households 261
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

 2020-2024 2024-2029
Population -0.61% -0.20%
Households -0.11% 0.05%
Families   0.61%
Median Household Income   3.16%
Per Capita Income   4.04%
Owner Occupied HU   0.45%

Sharon, TN - Peer Comparisons by Rank and Percentile

The table below compares Sharon 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 # 306 39th
Population Density # 153 70th
Median Household Income # 298 41st
Housing Affordability Index # 299 59th
Per Capita Income # 235 54th
Diversity Index # 276 45th

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

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