Charlotte, TN
Population 1,864 · Tennessee
About Charlotte, TN
Charlotte is a small town located in Tennessee with a population of 1,864 residents according to the latest US Census Bureau American Community Survey data. The median household income is $57,656 per year, which is 23% below the national median of $75,149. The median age of 37.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Charlotte features a median home value of $232,700, which is 5% below the national median of $244,900. This positions Charlotte in a moderately priced market relative to the rest of the country. Median monthly rent is $852, 27% below the national average of $1,163/month. Of the 708 total housing units, 81% are owner-occupied (455 units) and 19% are renter-occupied (107 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Charlotte shows an unemployment rate of 5.1%, which is near the national rate of 3.7%. The poverty rate stands at 10.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Charlotte have an average one-way commute time of 33.8 minutes.
Education & Demographics
15.4% of Charlotte 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 1.7% White, 4.5% Hispanic or Latino, 0.5% Black or African American, and 1.6% Asian residents, with 1.3% of the population being foreign-born.
Cost of Living in Charlotte, TN
Compared to national averages, Charlotte has a median household income of $57,656 (23% below the national median of $75,149). Home values average $232,700, which is 5% below the national median. Monthly rent at $852 is 27% below the US average of $1,163. Within Tennessee, Charlotte's income is 8% below the state average of $62,849, and home values are 9% above the state median of $214,371.
Why Live in Charlotte, TN?
Charlotte offers affordable housing with a median home value of $232,700, below the US average of $244,900, and rent that’s lower than the national average at $852/month, and a low poverty rate of 10.4%, better than the national average.
Potential considerations include median household income ($57,656) that falls below the national average. However, Charlotte’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Charlotte has a population of 1,864 with a median age of 37.5 years. Compare Charlotte with other cities to see how it stacks up, or explore all cities in Tennessee.
Similar Cities Near Charlotte
Cities in Tennessee with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Whitwell | 1,863 | $62,500 | $121,700 | Compare |
| Decatur | 1,860 | $48,203 | $218,800 | Compare |
| Bon Aqua Junction | 1,877 | $33,295 | $174,800 | Compare |
| Cornersville | 1,832 | $63,438 | $219,300 | Compare |
| Rocky Top | 1,830 | $30,119 | $112,200 | Compare |
| Vonore | 1,829 | $59,563 | $269,200 | Compare |
| Valley Forge | 1,900 | $50,259 | $145,500 | Compare |
| Jellico | 1,821 | $41,111 | $143,000 | 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 Charlotte With Other Cities
Frequently Asked Questions about Charlotte
What is the population of Charlotte, TN?
The population of Charlotte, TN is 1,864 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 Charlotte?
The median household income in Charlotte, TN is $57,656 per year, which is 23% below the national median of $75,149.
What is the median home value in Charlotte?
The median home value in Charlotte, TN is $232,700, which is 5% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Charlotte?
The median monthly rent in Charlotte, TN is $852, which is 27% below the national average of $1,163/month.
What is the unemployment rate in Charlotte?
The unemployment rate in Charlotte, TN is 5.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Charlotte, TN a good place to live?
Charlotte offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,864 and a median age of 37.5, the city appeals to a broad range of residents.
How educated is Charlotte, TN?
15.4% of residents in Charlotte 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 Charlotte?
Key cost-of-living indicators for Charlotte, TN: median home value is $232,700 (5% below national), median rent is $852/month, and median household income is $57,656. The home-value-to-income ratio is 4.0x, a moderate figure by national standards.
What is the poverty rate in Charlotte?
The poverty rate in Charlotte, TN is 10.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Charlotte, TN?
Charlotte's population is 1.7% White, 4.5% Hispanic or Latino, 0.5% Black or African American, 1.6% Asian, and 5.1% two or more races. 1.3% of residents are foreign-born.