38224 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Henry County
Centroid: Latitude 36.38, Longitude -88.481
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 38224 has segments in 2 Counties (Henry, Weakley).

Businesses Addresses: 25
PO Box Addresses: 11
Residential Addresses: 379

Multi-Family Addresses: 0
Single Family Addresses: 379

The ZIP Code maps and database are updated 4 times per year.
Database updated: July 1, 2023, Maps updated: May 3, 2023.

Cottage Grove, TN 38224 Data & Demographics (As of July 1, 2023)

POPULATION
Total Population	948 (100%)
Population in Households	948 (100.0%)
Population in Families	813 (85.8%)
Population in Group Quarters¹	0
Population Density	15
Diversity Index²	22


INCOME
Median Household Income	$54,703
Average Household Income	$71,952
% of Income for Mortgage⁴	19%
Per Capita Income	$27,323
Wealth Index⁵	59
Socioeconomic Status Index⁶	Low (43.2)

HOUSING
Total HU (Housing Units)	414 (100%)
Owner Occupied HU	283 (68.4%)
Renter Occupied HU	77 (18.6%)
Vacant Housing Units	54 (13.0%)
Median Home Value	$169,397
Average Home Value	$191,254
Housing Affordability Index³	140

HOUSEHOLDS
Total Households	360
Average Household Size	2.63
Family Households	274
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.

Cottage Grove, TN 38224 - Peer Comparisons by Rank and Percentile

The table below compares 38224 to the other 613 ZIP Codes 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	-0.86%	-0.30%
Households	-0.51%	-0.11%
Families		-0.37%
Median Household Income		0.59%
Per Capita Income		2.30%
Owner Occupied HU		-0.64%

Variable Description	Rank	Percentile
Total Population	# 533	13th
Population Density	# 586	5th
Median Household Income	# 301	51st
Housing Affordability Index	# 477	78th
Per Capita Income	# 435	29th
Diversity Index	# 380	38th

38224 ZIP Code Profile, Map, Data & Demographics

ZIP Code 38224: Basic Data & USPS Preferred City Name

Cottage Grove, TN 38224 Data & Demographics (As of July 1, 2023)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Cottage Grove, TN 38224 - Peer Comparisons by Rank and Percentile

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