Greenback, TN
Population 1,631 · Tennessee
About Greenback, TN
Greenback is a small town located in Tennessee with a population of 1,631 residents according to the latest US Census Bureau American Community Survey data. The median household income is $83,750 per year, which is 11% above the national median of $75,149. The median age of 29.8 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Greenback features a median home value of $262,700, which is 7% above the national median of $244,900. This positions Greenback in a moderately priced market relative to the rest of the country. Median monthly rent is $1,159, 0% below the national average of $1,163/month. Of the 599 total housing units, 80% are owner-occupied (413 units) and 20% are renter-occupied (103 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Greenback shows an unemployment rate of 4.7%, which is near the national rate of 3.7%. The poverty rate stands at 12.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Greenback have an average one-way commute time of 32.6 minutes.
Education & Demographics
9.5% of Greenback 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 0.6% White, 1.2% Hispanic or Latino, 0.4% Black or African American, and 0.3% Asian residents, with 0.7% of the population being foreign-born.
Cost of Living in Greenback, TN
Compared to national averages, Greenback has a median household income of $83,750 (11% above the national median of $75,149). Home values average $262,700, which is 7% above the national median. Monthly rent at $1,159 is 0% below the US average of $1,163. Within Tennessee, Greenback's income is 33% above the state average of $62,849, and home values are 23% above the state median of $214,371.
Why Live in Greenback, TN?
Greenback offers a strong local economy with a median household income of $83,750, well above the national average, and rent that’s lower than the national average at $1,159/month, and a low poverty rate of 12.3%, better than the national average.
Greenback has a population of 1,631 with a median age of 29.8 years. Compare Greenback with other cities to see how it stacks up, or explore all cities in Tennessee.
Similar Cities Near Greenback
Cities in Tennessee with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Huntsville | 1,632 | $27,266 | $0 | Compare |
| Englewood | 1,643 | $48,688 | $101,400 | Compare |
| Gruetli-Laager | 1,619 | $50,164 | $147,900 | Compare |
| Sneedville | 1,649 | $23,482 | $97,900 | Compare |
| Olivet | 1,609 | $71,000 | $136,400 | Compare |
| Gray | 1,606 | $66,585 | $192,500 | Compare |
| Hampton | 1,695 | $36,715 | $97,200 | Compare |
| Kimball | 1,701 | $56,250 | $215,900 | 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 Greenback With Other Cities
Frequently Asked Questions about Greenback
What is the population of Greenback, TN?
The population of Greenback, TN is 1,631 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 Greenback?
The median household income in Greenback, TN is $83,750 per year, which is 11% above the national median of $75,149.
What is the median home value in Greenback?
The median home value in Greenback, TN is $262,700, which is 7% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Greenback?
The median monthly rent in Greenback, TN is $1,159, which is 0% below the national average of $1,163/month.
What is the unemployment rate in Greenback?
The unemployment rate in Greenback, TN is 4.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Greenback, TN a good place to live?
Greenback offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 1,631 and a median age of 29.8, the city appeals to young professionals and families.
How educated is Greenback, TN?
9.5% of residents in Greenback 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 Greenback?
Key cost-of-living indicators for Greenback, TN: median home value is $262,700 (7% above national), median rent is $1,159/month, and median household income is $83,750. The home-value-to-income ratio is 3.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Greenback?
The poverty rate in Greenback, TN is 12.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Greenback, TN?
Greenback's population is 0.6% White, 1.2% Hispanic or Latino, 0.4% Black or African American, 0.3% Asian, and 0.0% two or more races. 0.7% of residents are foreign-born.