Loretto, TN

Census Place

2024 Population

1,731

US Senator

Marsha Blackburn

Republican Party

US Senator

Bill Hagerty

Republican Party

2024 Median Age

39.6

4.81% 1-year decrease

2024 Poverty Rate

8.61%

33.7% 1-year decrease

2024 Median Household Income

$55,592

7.38% 1-year growth

2024 Median Property Value

Population & Diversity

Loretto, TN is home to a population of 1.73k people, from which 98.8% are citizens.

As of 2024, 1.33% of Loretto, TN residents were born outside of the country (23 people).

In 2024, there were 28.3 times more White (Non-Hispanic) residents (1.67k people) in Loretto, TN than any other race or ethnicity. There were 59 Two Races Excluding Other, & Three or More Races (Non-Hispanic) and 2 White (Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

98.8%

2024 Citizenship

98.1%

2023 Citizenship

As of 2024, 98.8% of Loretto, TN residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Loretto, TN was 98.1%, meaning that the rate of citizenship has been increasing.

The following chart shows US citizenship percentages in Loretto, TN compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Loretto, TN

White (Non-Hispanic)
1.67k ± 303
Two Races Excluding Other, & Three or More Races (Non-Hispanic)
59 ± 59
White (Hispanic)
2 ± 4

0.231%

Hispanic Population

4 people

0.231% of the people in Loretto, TN are hispanic (4 people).

The following chart shows the 8 races represented in Loretto, TN as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Tennessee.

Most Common Origin

Mexico
95,077 ± 7,519 people
Guatemala
31,959 ± 4,379 people
Honduras
26,792 ± 4,011 people

In 2024, the most common birthplace for the foreign-born residents of Tennessee was Mexico, the natal country of 95,077 Tennessee residents, followed by Guatemala with 31,959 and Honduras with 26,792.

Foreign-Born Population

1.33%

2024 Foreign-Born Population

23 people

2.16%

2023 Foreign-Born Population

38 people

As of 2024, 1.33% of Loretto, TN residents (23 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Loretto, TN was 2.16%, meaning that the rate has been decreasing.

The following chart shows the percentage of foreign-born residents in Loretto, TN compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Vietnam
34 ± 26
Gulf War (2001-)
19 ± 21
Korea
13 ± 25

Loretto, TN has a large population of military personnel who served in Vietnam, 1.79 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Loretto, TN.

Economy

The economy of Loretto, TN employs 786 people. In 2024, the largest industries in Loretto, TN were Manufacturing (165 people), Health Care & Social Assistance (108 people), and Accommodation & Food Services (107 people), and the highest paying industries were Administrative & Support & Waste Management Services ($150,089), Utilities ($104,063), and Construction ($60,000).

Employment

Occupations

786

2024 Value

± 153

0.512%

1 Year growth

± 27.5%

From 2023 to 2024, employment in Loretto, TN grew at a rate of 0.512%, from 782 employees to 786 employees.

The most common job groups, by number of people living in Loretto, TN, are Production Occupations (105 people), Management Occupations (83 people), and Sales & Related Occupations (82 people). This chart illustrates the share breakdown of the primary jobs held by residents of Loretto, TN.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Tennessee.

This chart shows weekly unemployment insurance claims in Tennessee (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

786

2024 Value

± 153

0.512%

1 Year growth

± 27.5%

From 2023 to 2024, employment in Loretto, TN grew at a rate of 0.512%, from 782 employees to 786 employees.

The most common employment sectors for those who live in Loretto, TN, are Manufacturing (165 people), Health Care & Social Assistance (108 people), and Accommodation & Food Services (107 people). This chart shows the share breakdown of the primary industries for residents of Loretto, TN, though some of these residents may live in Loretto, TN and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$58,500

Median earning men ± $7,882

$30,577

Median earning women ± $7,028

The industries with the best median earnings for men in 2024 are Retail Trade ($117,500), Professional, Scientific, & Management, & Administrative & Waste Management Services ($95,500), and Construction ($60,000).

The industries with the best median earnings for women in 2024 are Finance & Insurance, & Real Estate & Rental & Leasing ($50,714), Public Administration ($50,625), and Educational Services, & Health Care & Social Assistance ($40,714).

Housing & Living

The median property value in Loretto, TN was $161,900 in 2024, which is 0.487 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $133,000 to $161,900, a 21.7% increase. The homeownership rate in Loretto, TN is 85.4%, which is higher than the national average of 65.2%.

People in Loretto, TN have an average commute time of 27.8 minutes, and they drove alone to work. Car ownership in Loretto, TN is higher than the national average, with an average of 3 cars per household.

Housing

Property

$161,900

Median Property Value 2024

±$20,639

$595

Median Property Taxes

±$121

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Loretto, TN the largest share of households pay taxes in the < $800 range.

The chart underneath the paragraph shows the property taxes in Loretto, TN compared to it's parent and neighbor geographies.

Rent vs Own

85.4%

Homeownership

2024

68.1%

Homeowners with Mortgage

2024

In 2024, 85.4% of the housing units in Loretto, TN were occupied by their owner. This percentage grew from the previous year's rate of 83.9%.

This chart shows the percentage of owner in Loretto, TN compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$55,592

Median Household Income

± $10,244

697

Number of Households

± 126

In 2024, the median household income of the 697 households in Loretto, TN grew to $55,592 from the previous year's value of $51,771.

The following chart displays the households in Loretto, TN distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $25k - $30k range.

Wage Distribution

The closest comparable wage GINI for Loretto, TN is from Tennessee.

0.457

2024 Wage GINI in Tennessee

0.459

2023 Wage GINI in Tennessee

In 2024, the income inequality in Tennessee was 0.457 according to the GINI calculation of the wage distribution. Income inequality had a 0.505% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Tennessee was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Tennessee in comparison to the national average.

This chart shows the number of workers in Tennessee across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (80.6%)
Carpooled (9.77%)
Worked At Home (6.81%)

In 2024, 80.6% of workers in Loretto, TN drove alone to work, followed by those who carpooled to work (9.77%) and those who worked at home (6.81%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

27.8 minutes

Average Travel Time

Using averages, employees in Loretto, TN have a longer commute time (27.8 minutes) than the normal US worker (26.4 minutes). Additionally, 5.24% of the workforce in Loretto, TN have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Loretto, TN compares to that of it's neighboring and parent geographies.

Car Ownership

3 cars

Average Number

The following chart displays the households in Loretto, TN distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Loretto, TN have 3 cars.

Poverty

Poverty & Diversity

8.61% of the population for whom poverty status is determined in Loretto, TN (149 out of 1.73k people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Males 6 - 11, followed by Females 65 - 74 and then Females 55 - 64.

The most common racial or ethnic group living below the poverty line in Loretto, TN is White, followed by Two Or More and Black.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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