Tennessee · Census place 00940
Altamont town, TN
Quick answer
Altamont town has 1,100 residents, ranking #295 of 504 places in Tennessee. Median household income is $40,221, the median home is worth $85,900 and median gross rent runs $818 a month.
- Population
- 1,100Altamont town residents
- Median household income
- $40,221Past 12 months, inflation adjusted
- Median home value
- $85,900Owner-occupied units
- Median gross rent
- $818Rent plus utilities, monthly
- Median age
- 49 yrsAll residents
- Homeownership rate
- 92.2%Owner-occupied households
What the numbers mean in Altamont town
Housing cost measured against local earnings.
A household earning the Altamont town median would spend about 24.4% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 24.1% of residents and 92.2% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Tennessee.
- Tellico Plains town 1,124
- Sharon town 1,105
- Coalmont city 1,103
- Obion town 1,088
- Orlinda city 1,088
- Gainesboro town 1,086
- Lyles CDP 1,079
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