Living in Altamont, Tennessee
Cost of living, income, home prices, rent and demographics of Altamont · Census data 2020–2024
Altamont has 1,322 residents with a median age of 47.3. The median household income is $41,373 (41% lower than the Tennessee median), the median home value is $91,900, the median rent is $850/month.
Altamont is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Altamont at a glance
- Population
- 1,322
- Median age
- 47.3State: 38.9
- Median household income
- $41,373State: $69,595
- Median home value
- $91,900State: $286,700
- Median rent
- $850/moState: $1,189
- Homeowners
- 91.6%
- Bachelor's degree or higher
- 12.1%
- Average commute
- 34 min
Is Altamont a good place to live?
Pros: Home values 68% lower than the state median.
Cons: Median household income 41% lower than the Tennessee median; an average commute of 34 minutes; unemployment of 13%; a poverty rate of 15.9%.
The weather is best in May–June and August–September.
Cost of living in Altamont
Housing is the biggest part of the cost of living. In Altamont the median home value is $91,900, 72% lower than the U.S. median. Renters pay a median of $850 per month, which is 45% of household income. Homeowners with a mortgage pay $983 a month in housing costs.
Altamont median household income
The median household income in Altamont is $41,373 and the income per person is $27,736. 15.9% of residents live below the poverty line (Tennessee: 13.8%).
Housing in Altamont: homes for sale and rent
- Housing units
- 485
- Owner-occupied
- 91.6%
- Renter-occupied
- 8.4%
- Vacant
- 11.8%Includes seasonal homes
- Median year built
- 1990
- Average household size
- 2.97
Altamont demographics
- Population
- 1,322
- Median age
- 47.3
- Under 18
- 21.1%
- 65 and older
- 18.2%
- Households
- 428
- Foreign-born
- 0.4%
- Veterans
- 6.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Altamont ›
Education in Altamont
12.1% of adults 25 and older in Altamont have a bachelor's degree or higher (Tennessee: 31.1%), and 2.5% have a graduate or professional degree.
Jobs and commute in Altamont
- Unemployment rate
- 13%State: 4.7%
- Average commute
- 34 minState: 26 min
- Work from home
- 9.5%
- Drive alone
- 76.4%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 80.1%
Altamont vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Altamont | 1,322 | $41,373 | $91,900 | $850 |
| Beersheba Springs | 654 | $72,885 | $101,000 | — |
| Coalmont | 906 | $53,917 | $151,400 | $700 |
| Gruetli-Laager | 1,480 | $47,313 | $154,700 | $773 |
| Pelham | 704 | $70,096 | $187,500 | — |
| Viola | 144 | $48,068 | $262,500 | — |
| Palmer | 818 | $56,447 | $78,900 | $583 |
| Tracy City | 1,682 | $39,479 | $136,300 | $400 |
| Monteagle | 1,926 | $63,438 | $309,500 | $762 |
More for people moving to Altamont
Altamont ZIP code ›Weather and climate ›Living in Altamont: FAQ
What is the median household income in Altamont, TN?
The median household income in Altamont is $41,373, 41% lower than the Tennessee median of $69,595 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Altamont?
The median home value in Altamont is $91,900, compared with $286,700 in Tennessee.
How much is rent in Altamont?
The median gross rent in Altamont is $850 per month, about 45% of household income.
Is Altamont, TN a good place to live?
Pluses: home values 68% lower than the state median. Minuses: median household income 41% lower than the Tennessee median; an average commute of 34 minutes; unemployment of 13%; a poverty rate of 15.9%.
What is the median age in Altamont?
The median age in Altamont is 47.3 years (Tennessee: 38.9).
How long is the commute in Altamont?
The average commute to work in Altamont is 34 minutes; 9.5% of workers work from home.
What is the unemployment rate in Altamont?
The unemployment rate in Altamont is 13% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Altamont?
12.1% of adults in Altamont have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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