Algood, TN
Population 4,002 · Tennessee
About Algood, TN
Algood is a small town located in Tennessee with a population of 4,002 residents according to the latest US Census Bureau American Community Survey data. The median household income is $40,514 per year, which is 46% below the national median of $75,149. The median age of 40.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Algood features a median home value of $179,400, which is 27% below the national median of $244,900. This positions Algood in a moderately priced market relative to the rest of the country. Median monthly rent is $822, 29% below the national average of $1,163/month. Of the 1,828 total housing units, 51% are owner-occupied (880 units) and 49% are renter-occupied (858 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Algood shows an unemployment rate of 0.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 24.6%, above the national average of 12.4%. Workers in Algood have an average one-way commute time of 21 minutes.
Education & Demographics
28.6% of Algood residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 4.2% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 5.1% of the population being foreign-born.
How Algood Ranks in Tennessee
Cost of Living in Algood, TN
Compared to national averages, Algood has a median household income of $40,514 (46% below the national median of $75,149). Home values average $179,400, which is 27% below the national median. Monthly rent at $822 is 29% below the US average of $1,163. Within Tennessee, Algood's income is 36% below the state average of $62,849, and home values are 16% below the state median of $214,371.
Why Live in Algood, TN?
Algood offers affordable housing with a median home value of $179,400, below the US average of $244,900, and rent that’s lower than the national average at $822/month, and a strong job market with an unemployment rate of just 0.6%. Additionally, the city features short commute times averaging just 21 minutes.
Potential considerations include median household income ($40,514) that falls below the national average. However, Algood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Algood has a population of 4,002 with a median age of 40.5 years. Compare Algood with other cities to see how it stacks up, or explore all cities in Tennessee.
Similar Cities Near Algood
Cities in Tennessee with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| White Bluff | 3,961 | $68,109 | $271,500 | Compare |
| Livingston | 3,957 | $35,997 | $115,600 | Compare |
| Shackle Island | 4,164 | $131,944 | $467,500 | Compare |
| Karns | 3,835 | $101,161 | $284,700 | Compare |
| Trenton | 4,175 | $50,645 | $130,900 | Compare |
| Unicoi | 3,815 | $41,455 | $196,500 | Compare |
| Oneida | 3,793 | $43,506 | $164,000 | Compare |
| Hohenwald | 3,790 | $38,791 | $93,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Tennessee
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Algood With Other Cities
Frequently Asked Questions about Algood
What is the population of Algood, TN?
The population of Algood, TN is 4,002 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Tennessee.
What is the median household income in Algood?
The median household income in Algood, TN is $40,514 per year, which is 46% below the national median of $75,149.
What is the median home value in Algood?
The median home value in Algood, TN is $179,400, which is 27% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Algood?
The median monthly rent in Algood, TN is $822, which is 29% below the national average of $1,163/month.
What is the unemployment rate in Algood?
The unemployment rate in Algood, TN is 0.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Algood, TN a good place to live?
Algood offers a moderate cost of living, affordable housing, and a strong job market. With a population of 4,002 and a median age of 40.5, the city appeals to a broad range of residents.
How educated is Algood, TN?
28.6% of residents in Algood aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Algood?
Key cost-of-living indicators for Algood, TN: median home value is $179,400 (27% below national), median rent is $822/month, and median household income is $40,514. The home-value-to-income ratio is 4.4x, a moderate figure by national standards.
What is the poverty rate in Algood?
The poverty rate in Algood, TN is 24.6%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Algood, TN?
Algood's population is 4.2% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.4% two or more races. 5.1% of residents are foreign-born.