Chesterfield, TN
Population 650 · Tennessee
About Chesterfield, TN
Chesterfield is a small community located in Tennessee with a population of 650 residents according to the latest US Census Bureau American Community Survey data. The median household income is $58,929 per year, which is 22% below the national median of $75,149. The median age of 44.1 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 Chesterfield features a median home value of $198,000, which is 19% below the national median of $244,900. This positions Chesterfield in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 202 total housing units, 70% are owner-occupied (142 units) and 30% are renter-occupied (60 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Chesterfield shows an unemployment rate of 17.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 7.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Chesterfield have an average one-way commute time of 28.7 minutes.
Education & Demographics
11.7% of Chesterfield 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 6.8% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Chesterfield, TN
Compared to national averages, Chesterfield has a median household income of $58,929 (22% below the national median of $75,149). Home values average $198,000, which is 19% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Tennessee, Chesterfield's income is 6% below the state average of $62,849, and home values are 8% below the state median of $214,371.
Why Live in Chesterfield, TN?
Chesterfield offers affordable housing with a median home value of $198,000, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a low poverty rate of 7.8%, better than the national average.
Potential considerations include median household income ($58,929) that falls below the national average. However, Chesterfield’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Chesterfield has a population of 650 with a median age of 44.1 years. Compare Chesterfield with other cities to see how it stacks up, or explore all cities in Tennessee.
Similar Cities Near Chesterfield
Cities in Tennessee with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Castalian Springs | 648 | $86,071 | $250,000 | Compare |
| Bell Buckle | 654 | $83,452 | $321,400 | Compare |
| Adams | 655 | $66,250 | $200,000 | Compare |
| Clarkrange | 636 | $50,481 | $301,300 | Compare |
| Watauga | 631 | $56,912 | $128,800 | Compare |
| Vanleer | 670 | $64,464 | $208,300 | Compare |
| Ethridge | 671 | $54,911 | $190,000 | Compare |
| Friendship | 671 | $35,000 | $105,400 | 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 Chesterfield With Other Cities
Frequently Asked Questions about Chesterfield
What is the population of Chesterfield, TN?
The population of Chesterfield, TN is 650 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Tennessee.
What is the median household income in Chesterfield?
The median household income in Chesterfield, TN is $58,929 per year, which is 22% below the national median of $75,149.
What is the median home value in Chesterfield?
The median home value in Chesterfield, TN is $198,000, which is 19% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Chesterfield?
The median monthly rent in Chesterfield, TN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Chesterfield?
The unemployment rate in Chesterfield, TN is 17.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Chesterfield, TN a good place to live?
Chesterfield offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 650 and a median age of 44.1, the city appeals to a broad range of residents.
How educated is Chesterfield, TN?
11.7% of residents in Chesterfield 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 Chesterfield?
Key cost-of-living indicators for Chesterfield, TN: median home value is $198,000 (19% below national), median rent is $0/month, and median household income is $58,929. The home-value-to-income ratio is 3.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Chesterfield?
The poverty rate in Chesterfield, TN is 7.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Chesterfield, TN?
Chesterfield's population is 6.8% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.