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Loretto, Tennessee

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
1,731
Population
$55,592
Median Income
$161,900
Home Value
39.6
Median Age

Demographics

Loretto has a population of 1,731 with a median age of 39.6. Here is the racial and ethnic breakdown of the population:

White
96.5%
Other
3.3%
Demographic Value
Total Population1,731
Median Age39.6
White96.5%
Hispanic or Latino0.2%
Other / Two or More Races3.3%
Loretto, Tennessee — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 96.5%Other: 3.3%Other: 0.2%1,731PopulationWhiteWhite96.5%OtherOther3.3%OtherOther0.2%

Income & Economy

The median household income in Loretto is $55,592, which is 31.0% below the national median of $80,610. The per capita income is $32,353. The poverty rate is 8.6%.

$55,592
Median Household Income
$32,353
Per Capita Income
8.6%
Poverty Rate

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Education

In Loretto, 87.8% of residents age 25+ have a high school diploma or higher, and 21.0% hold a bachelor's degree or higher (7.2% with a graduate or professional degree).

HS Diploma+
87.8%
Bachelor's+
21.0%
Graduate+
7.2%
Education Level % of Adults (25+)
High School Diploma or Higher87.8%
Bachelor's Degree or Higher21.0%
Graduate or Professional Degree7.2%

Housing

The median home value in Loretto is $161,900, below the national median of $303,400. The median monthly rent is $737. The homeownership rate is 85.4%.

$161,900
Median Home Value
$737/mo
Median Rent
85.4%
Homeownership Rate
Housing Metric Value
Median Home Value$161,900
Median Monthly Rent$737
Homeownership Rate85.4%
Vacancy Rate6.3%

Salaries in Tennessee

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Other Cities in Tennessee

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Frequently Asked Questions

What is the population of Loretto, Tennessee?
The population of Loretto, Tennessee is 1,731 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Loretto, Tennessee?
The median household income in Loretto, Tennessee is $55,592. This is 31.0% below the national median of $80,610.
What is the median home value in Loretto, Tennessee?
The median home value in Loretto, Tennessee is $161,900. The median monthly rent is $737.
What percentage of people in Loretto have a college degree?
In Loretto, Tennessee, 21.0% of adults age 25 and older hold a bachelor's degree or higher, and 87.8% have a high school diploma or higher.
Is Loretto, Tennessee an affordable place to live?
The home price-to-income ratio in Loretto, Tennessee is 2.9x (median home value $161,900 vs. median income $55,592), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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