Gallaway, TN
Population 541 · Tennessee
About Gallaway, TN
Gallaway is a small community located in Tennessee with a population of 541 residents according to the latest US Census Bureau American Community Survey data. The median household income is $30,750 per year, which is 59% below the national median of $75,149. The median age of 58.1 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 Gallaway features a median home value of $204,900, which is 16% below the national median of $244,900. This positions Gallaway in a moderately priced market relative to the rest of the country. Median monthly rent is $410, 65% below the national average of $1,163/month. Of the 239 total housing units, 35% are owner-occupied (80 units) and 65% are renter-occupied (146 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Gallaway shows an unemployment rate of 22.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 42.4%, above the national average of 12.4%. Workers in Gallaway have an average one-way commute time of 19.3 minutes, one of the shorter commutes in the region.
Education & Demographics
8.5% of Gallaway 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, 1.1% Hispanic or Latino, 0.7% Black or African American, and 0.4% Asian residents, with 0.0% of the population being foreign-born.
How Gallaway Ranks in Tennessee
Cost of Living in Gallaway, TN
Compared to national averages, Gallaway has a median household income of $30,750 (59% below the national median of $75,149). Home values average $204,900, which is 16% below the national median. Monthly rent at $410 is 65% below the US average of $1,163. Within Tennessee, Gallaway's income is 51% below the state average of $62,849, and home values are 4% below the state median of $214,371.
Why Live in Gallaway, TN?
Gallaway offers affordable housing with a median home value of $204,900, below the US average of $244,900, and rent that’s lower than the national average at $410/month, and short commute times averaging just 19.3 minutes.
Potential considerations include median household income ($30,750) that falls below the national average. However, Gallaway’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Gallaway has a population of 541 with a median age of 58.1 years. Compare Gallaway with other cities to see how it stacks up, or explore all cities in Tennessee.
Similar Cities Near Gallaway
Cities in Tennessee with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| McDonald | 541 | $56,492 | $180,900 | Compare |
| Gibson | 536 | $52,656 | $155,800 | Compare |
| Pleasant Hill | 546 | $48,393 | $170,400 | Compare |
| Michie | 526 | $67,813 | $159,700 | Compare |
| Trimble | 558 | $57,697 | $73,100 | Compare |
| Grand Junction | 560 | $74,583 | $154,000 | Compare |
| Cosby | 521 | $0 | $160,300 | Compare |
| Pittman Center | 521 | $72,656 | $329,600 | 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 Gallaway With Other Cities
Frequently Asked Questions about Gallaway
What is the population of Gallaway, TN?
The population of Gallaway, TN is 541 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 Gallaway?
The median household income in Gallaway, TN is $30,750 per year, which is 59% below the national median of $75,149.
What is the median home value in Gallaway?
The median home value in Gallaway, TN is $204,900, which is 16% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Gallaway?
The median monthly rent in Gallaway, TN is $410, which is 65% below the national average of $1,163/month.
What is the unemployment rate in Gallaway?
The unemployment rate in Gallaway, TN is 22.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Gallaway, TN a good place to live?
Gallaway offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 541 and a median age of 58.1, the city appeals to established professionals and retirees.
How educated is Gallaway, TN?
8.5% of residents in Gallaway 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 Gallaway?
Key cost-of-living indicators for Gallaway, TN: median home value is $204,900 (16% below national), median rent is $410/month, and median household income is $30,750. The home-value-to-income ratio is 6.7x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Gallaway?
The poverty rate in Gallaway, TN is 42.4%, 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 Gallaway, TN?
Gallaway's population is 0.0% White, 1.1% Hispanic or Latino, 0.7% Black or African American, 0.4% Asian, and 63.4% two or more races. 0.0% of residents are foreign-born.