Altamont, TN
Population 1,100 · Tennessee
About Altamont, TN
Altamont is a small town located in Tennessee with a population of 1,100 residents according to the latest US Census Bureau American Community Survey data. The median household income is $40,221 per year, which is 46% below the national median of $75,149. The median age of 49 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Altamont features a median home value of $85,900, which is 65% below the national median of $244,900. This makes Altamont one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $818, 30% below the national average of $1,163/month. Of the 421 total housing units, 92% are owner-occupied (333 units) and 8% are renter-occupied (28 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Altamont shows an unemployment rate of 15.5%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 24.1%, above the national average of 12.4%. Workers in Altamont have an average one-way commute time of 32.6 minutes.
Education & Demographics
12.5% of Altamont residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 3.6% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.4% of the population being foreign-born.
How Altamont Ranks in Tennessee
Cost of Living in Altamont, TN
Compared to national averages, Altamont has a median household income of $40,221 (46% below the national median of $75,149). Home values average $85,900, which is 65% below the national median. Monthly rent at $818 is 30% below the US average of $1,163. Within Tennessee, Altamont's income is 36% below the state average of $62,849, and home values are 60% below the state median of $214,371.
Why Live in Altamont, TN?
Altamont offers affordable housing with a median home value of $85,900, below the US average of $244,900, and rent that’s lower than the national average at $818/month.
Potential considerations include median household income ($40,221) that falls below the national average. However, Altamont’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Altamont has a population of 1,100 with a median age of 49 years. Compare Altamont with other cities to see how it stacks up, or explore all cities in Tennessee.
Similar Cities Near Altamont
Cities in Tennessee with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Coalmont | 1,103 | $58,362 | $138,400 | Compare |
| Sharon | 1,105 | $33,385 | $95,900 | Compare |
| Obion | 1,088 | $49,018 | $91,300 | Compare |
| Orlinda | 1,088 | $74,886 | $298,400 | Compare |
| Gainesboro | 1,086 | $45,313 | $148,500 | Compare |
| Lyles | 1,079 | $49,688 | $196,000 | Compare |
| Allardt | 1,078 | $52,125 | $151,200 | Compare |
| Fall Branch | 1,077 | $49,083 | $152,200 | 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 Altamont With Other Cities
Frequently Asked Questions about Altamont
What is the population of Altamont, TN?
The population of Altamont, TN is 1,100 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 Altamont?
The median household income in Altamont, TN is $40,221 per year, which is 46% below the national median of $75,149.
What is the median home value in Altamont?
The median home value in Altamont, TN is $85,900, which is 65% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Altamont?
The median monthly rent in Altamont, TN is $818, which is 30% below the national average of $1,163/month.
What is the unemployment rate in Altamont?
The unemployment rate in Altamont, TN is 15.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Altamont, TN a good place to live?
Altamont offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,100 and a median age of 49, the city appeals to established professionals and retirees.
How educated is Altamont, TN?
12.5% of residents in Altamont 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 Altamont?
Key cost-of-living indicators for Altamont, TN: median home value is $85,900 (65% below national), median rent is $818/month, and median household income is $40,221. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Altamont?
The poverty rate in Altamont, TN is 24.1%, 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 Altamont, TN?
Altamont's population is 0.0% White, 3.6% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 1.9% two or more races. 0.4% of residents are foreign-born.