Living in Lone Oak, Tennessee
Cost of living, income, home prices, rent and demographics of Lone Oak · Census data 2020–2024
Lone Oak has 1,422 residents with a median age of 48.8. The median household income is $40,781 (41% lower than the Tennessee median), the median home value is $257,500, the median rent is $687/month.
Lone Oak is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lone Oak at a glance
- Population
- 1,422
- Median age
- 48.8State: 38.9
- Median household income
- $40,781State: $69,595
- Median home value
- $257,500State: $286,700
- Median rent
- $687/moState: $1,189
- Homeowners
- 71.9%
- Bachelor's degree or higher
- 19%
- Average commute
- 31 min
Is Lone Oak a good place to live?
Pros: Home values 10% lower than the state median.
Cons: Median household income 41% lower than the Tennessee median; an average commute of 31 minutes; a poverty rate of 14.8%.
The weather is best in May–June and September–October.
Cost of living in Lone Oak
Housing is the biggest part of the cost of living. In Lone Oak the median home value is $257,500, 23% lower than the U.S. median. Renters pay a median of $687 per month, which is 19.9% of household income. Homeowners with a mortgage pay $1,775 a month in housing costs.
Lone Oak median household income
The median household income in Lone Oak is $40,781 and the income per person is $31,398. 14.8% of residents live below the poverty line (Tennessee: 13.8%).
Housing in Lone Oak: homes for sale and rent
- Housing units
- 534
- Owner-occupied
- 71.9%
- Renter-occupied
- 28.1%
- Vacant
- 12.5%Includes seasonal homes
- Median year built
- 1989
- Average household size
- 3.04
Lone Oak demographics
- Population
- 1,422
- Median age
- 48.8
- Under 18
- 17.9%
- 65 and older
- 24.5%
- Households
- 467
- Foreign-born
- 0.5%
- Veterans
- 7.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Lone Oak ›
Education in Lone Oak
19% of adults 25 and older in Lone Oak have a bachelor's degree or higher (Tennessee: 31.1%), and 9.9% have a graduate or professional degree.
Jobs and commute in Lone Oak
- Unemployment rate
- 0%State: 4.7%
- Average commute
- 31 minState: 26 min
- Work from home
- 16%
- Drive alone
- 84%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 71.7%
Lone Oak vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lone Oak | 1,422 | $40,781 | $257,500 | $687 |
| Fairmount | 2,110 | $137,317 | $464,500 | $1,675 |
| Walden | 1,845 | $124,493 | $679,900 | $1,537 |
| Signal Mountain | 8,860 | $141,008 | $544,300 | $1,852 |
| Falling Water | 2,315 | $111,842 | $420,600 | — |
| Powells Crossroads | 1,498 | $67,549 | $187,800 | $1,090 |
| Red Bank | 12,010 | $63,983 | $269,400 | $1,283 |
| Whitwell | 2,052 | $67,774 | $140,500 | $872 |
| Middle Valley | 12,187 | $95,000 | $319,400 | $1,180 |
More for people moving to Lone Oak
Lone Oak ZIP code ›Weather and climate ›Living in Lone Oak: FAQ
What is the median household income in Lone Oak, TN?
The median household income in Lone Oak is $40,781, 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 Lone Oak?
The median home value in Lone Oak is $257,500, compared with $286,700 in Tennessee.
How much is rent in Lone Oak?
The median gross rent in Lone Oak is $687 per month, about 19.9% of household income.
Is Lone Oak, TN a good place to live?
Pluses: home values 10% lower than the state median. Minuses: median household income 41% lower than the Tennessee median; an average commute of 31 minutes; a poverty rate of 14.8%.
What is the median age in Lone Oak?
The median age in Lone Oak is 48.8 years (Tennessee: 38.9).
How long is the commute in Lone Oak?
The average commute to work in Lone Oak is 31 minutes; 16% of workers work from home.
What is the unemployment rate in Lone Oak?
The unemployment rate in Lone Oak is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lone Oak?
19% of adults in Lone Oak 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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