Cottage Grove, TN 38224 ZIP Code Profile

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Cottage Grove, TN
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ZIP Code 38224: Basic Data & USPS Preferred City Name

Preferred Name, USPS
Cottage Grove, TN 38224

  • 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: 13
  • Residential Addresses: 380
    • Multi-Family Addresses: 0
    • Single Family Addresses: 380

The ZIP Code maps and database are updated 4 times per year.
Database updated: July 1, 2020, Maps updated: May 1, 2020.

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Cottage Grove, TN 38224 Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 1,064 (100%)
Population in Households 1,064 (100.0%)
Population in Families 894 (84.0%)
Population in Group Quarters1 0
Population Density 17
Diversity Index2 15
 
 

INCOME

Median Household Income $40,411
Average Household Income $56,841
% of Income for Mortgage4 10%
Per Capita Income $20,674
Wealth Index5 54
 

HOUSING

Total HU (Housing Units) 460 (100%)
Owner Occupied HU 309 (67.2%)
Renter Occupied HU 78 (17.0%)
Vacant Housing Units 73 (15.9%)
Median Home Value $94,837
Average Home Value $142,961
Housing Affordability Index3 273
 

HOUSEHOLDS

Total Households 387
Average Household Size 2.75
Family Households 277
Average Family Size 3
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.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population -0.15% -0.08%
Households -0.15% -0.05%
Families -0.31% -0.22%
Median Household Income   1.02%
Per Capita Income   1.23%
Owner Occupied HU   -0.06%

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

The table below compares 38224 to the other 610 ZIP Codes in Tennessee by rank and percentile using July 1, 2020 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 # 527 14th
Population Density # 578 5th
Median Household Income # 419 31st
Housing Affordability Index # 565 93rd
Per Capita Income # 481 21st
Diversity Index # 400 35th

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


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