Living in Loretto, Tennessee
Cost of living, income, home prices, rent and demographics of Loretto · Census data 2020–2024
Loretto has 1,731 residents with a median age of 39.6. The median household income is $55,592 (20% lower than the Tennessee median), the median home value is $161,900, the median rent is $737/month.
Loretto at a glance
- Population
- 1,731
- Median age
- 39.6State: 38.9
- Median household income
- $55,592State: $69,595
- Median home value
- $161,900State: $286,700
- Median rent
- $737/moState: $1,189
- Homeowners
- 85.4%
- Bachelor's degree or higher
- 21%
- Average commute
- 28 min
Is Loretto a good place to live?
Pros: Home values 44% lower than the state median; unemployment of 0.3%; a poverty rate of 8.6%.
Cons: Median household income 20% lower than the Tennessee median; an average commute of 28 minutes.
The weather is best in April–May and September–October.
Cost of living in Loretto
Housing is the biggest part of the cost of living. In Loretto the median home value is $161,900, 51% lower than the U.S. median. Renters pay a median of $737 per month, which is 29.4% of household income. Homeowners with a mortgage pay $983 a month in housing costs.
Loretto median household income
The median household income in Loretto is $55,592 and the income per person is $32,353. 8.6% of residents live below the poverty line (Tennessee: 13.8%).
Housing in Loretto: homes for sale and rent
- Housing units
- 744
- Owner-occupied
- 85.4%
- Renter-occupied
- 14.6%
- Vacant
- 6.3%Includes seasonal homes
- Median year built
- 1972
- Average household size
- 2.48
Loretto demographics
- Population
- 1,731
- Median age
- 39.6
- Under 18
- 23.2%
- 65 and older
- 20.6%
- Households
- 697
- Foreign-born
- 1.3%
- Veterans
- 5.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Loretto ›
Education in Loretto
21% of adults 25 and older in Loretto have a bachelor's degree or higher (Tennessee: 31.1%), and 7.2% have a graduate or professional degree.
Jobs and commute in Loretto
- Unemployment rate
- 0.3%State: 4.7%
- Average commute
- 28 minState: 26 min
- Work from home
- 6.8%
- Drive alone
- 80.6%
- Public transit
- 0%
- Walk to work
- 2.3%
- Homes with broadband
- 84.8%
Loretto vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Loretto | 1,731 | $55,592 | $161,900 | $737 |
| St. Joseph | 783 | $49,112 | $171,300 | $631 |
| Leoma | 374 | $87,569 | $401,700 | — |
| Lexington | 638 | $57,356 | $202,400 | $642 |
| Lawrenceburg | 11,844 | $42,343 | $184,600 | $775 |
| Anderson | 410 | $110,682 | $304,300 | $900 |
| Minor Hill | 704 | $52,845 | $172,900 | $763 |
| Killen | 1,150 | $69,722 | $175,000 | $960 |
| Lester | 181 | $80,833 | $220,800 | — |
More for people moving to Loretto
Loretto ZIP code ›Weather and climate ›Living in Loretto: FAQ
What is the median household income in Loretto, TN?
The median household income in Loretto is $55,592, 20% 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 Loretto?
The median home value in Loretto is $161,900, compared with $286,700 in Tennessee.
How much is rent in Loretto?
The median gross rent in Loretto is $737 per month, about 29.4% of household income.
Is Loretto, TN a good place to live?
Pluses: home values 44% lower than the state median; unemployment of 0.3%; a poverty rate of 8.6%. Minuses: median household income 20% lower than the Tennessee median; an average commute of 28 minutes.
What is the median age in Loretto?
The median age in Loretto is 39.6 years (Tennessee: 38.9).
How long is the commute in Loretto?
The average commute to work in Loretto is 28 minutes; 6.8% of workers work from home.
What is the unemployment rate in Loretto?
The unemployment rate in Loretto is 0.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Loretto?
21% of adults in Loretto 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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