Living in Gainesboro, Tennessee
Cost of living, income, home prices, rent and demographics of Gainesboro · Census data 2020–2024
Gainesboro has 1,064 residents with a median age of 49. The median household income is $51,923 (25% lower than the Tennessee median), the median home value is $170,600, the median rent is $819/month.
Gainesboro is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Gainesboro at a glance
- Population
- 1,064
- Median age
- 49State: 38.9
- Median household income
- $51,923State: $69,595
- Median home value
- $170,600State: $286,700
- Median rent
- $819/moState: $1,189
- Homeowners
- 72%
- Bachelor's degree or higher
- 17.2%
- Average commute
- 25 min
Is Gainesboro a good place to live?
Pros: Home values 40% lower than the state median; an average commute of 25 minutes.
Cons: Median household income 25% lower than the Tennessee median; unemployment of 8.6%; a poverty rate of 26.9%.
The weather is best in April–May and September–October.
Cost of living in Gainesboro
Housing is the biggest part of the cost of living. In Gainesboro the median home value is $170,600, 49% lower than the U.S. median. Renters pay a median of $819 per month, which is 28.8% of household income. Homeowners with a mortgage pay $1,273 a month in housing costs.
Gainesboro median household income
The median household income in Gainesboro is $51,923 and the income per person is $27,539. 26.9% of residents live below the poverty line (Tennessee: 13.8%).
Housing in Gainesboro: homes for sale and rent
- Housing units
- 411
- Owner-occupied
- 72%
- Renter-occupied
- 28%
- Vacant
- 19.2%Includes seasonal homes
- Median year built
- 1968
- Average household size
- 2.74
Gainesboro demographics
- Population
- 1,064
- Median age
- 49
- Under 18
- 15.1%
- 65 and older
- 22.6%
- Households
- 332
- Foreign-born
- 1.2%
- Veterans
- 4.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Gainesboro ›
Education in Gainesboro
17.2% of adults 25 and older in Gainesboro have a bachelor's degree or higher (Tennessee: 31.1%), and 6.4% have a graduate or professional degree.
Jobs and commute in Gainesboro
- Unemployment rate
- 8.6%State: 4.7%
- Average commute
- 25 minState: 26 min
- Work from home
- 20.5%
- Drive alone
- 62.1%
- Public transit
- 0.5%
- Walk to work
- 1.6%
- Homes with broadband
- 86.4%
Gainesboro vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Gainesboro | 1,064 | $51,923 | $170,600 | $819 |
| Dodson Branch | 1,425 | $74,375 | $171,700 | — |
| Hilham | 267 | $75,938 | $328,900 | — |
| Baxter | 1,361 | $58,750 | $219,000 | $914 |
| Celina | 1,941 | $32,220 | $203,200 | $536 |
| Algood | 4,036 | $42,359 | $190,300 | $817 |
| Red Boiling Springs | 1,262 | $40,221 | $194,400 | $784 |
| Cookeville | 36,088 | $51,375 | $305,400 | $917 |
| Carthage | 2,327 | $67,006 | $257,300 | $934 |
More for people moving to Gainesboro
Gainesboro ZIP code ›Weather and climate ›Living in Gainesboro: FAQ
What is the median household income in Gainesboro, TN?
The median household income in Gainesboro is $51,923, 25% 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 Gainesboro?
The median home value in Gainesboro is $170,600, compared with $286,700 in Tennessee.
How much is rent in Gainesboro?
The median gross rent in Gainesboro is $819 per month, about 28.8% of household income.
Is Gainesboro, TN a good place to live?
Pluses: home values 40% lower than the state median; an average commute of 25 minutes. Minuses: median household income 25% lower than the Tennessee median; unemployment of 8.6%; a poverty rate of 26.9%.
What is the median age in Gainesboro?
The median age in Gainesboro is 49 years (Tennessee: 38.9).
How long is the commute in Gainesboro?
The average commute to work in Gainesboro is 25 minutes; 20.5% of workers work from home.
What is the unemployment rate in Gainesboro?
The unemployment rate in Gainesboro is 8.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Gainesboro?
17.2% of adults in Gainesboro 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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