Lakesite, TN
Population 2,026 · Tennessee
About Lakesite, TN
Lakesite is a small town located in Tennessee with a population of 2,026 residents according to the latest US Census Bureau American Community Survey data. The median household income is $92,847 per year, which is 24% above the national median of $75,149. The median age of 40.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lakesite features a median home value of $299,300, which is 22% above the national median of $244,900. This positions Lakesite in a moderately priced market relative to the rest of the country. Median monthly rent is $1,060, 9% below the national average of $1,163/month. Of the 877 total housing units, 82% are owner-occupied (610 units) and 18% are renter-occupied (133 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lakesite shows an unemployment rate of 3.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lakesite have an average one-way commute time of 27 minutes.
Education & Demographics
36.0% of Lakesite residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.0% White, 1.3% Hispanic or Latino, 0.8% Black or African American, and 0.7% Asian residents, with 2.6% of the population being foreign-born.
How Lakesite Ranks in Tennessee
Cost of Living in Lakesite, TN
Compared to national averages, Lakesite has a median household income of $92,847 (24% above the national median of $75,149). Home values average $299,300, which is 22% above the national median. Monthly rent at $1,060 is 9% below the US average of $1,163. Within Tennessee, Lakesite's income is 48% above the state average of $62,849, and home values are 40% above the state median of $214,371.
Why Live in Lakesite, TN?
Lakesite offers a strong local economy with a median household income of $92,847, well above the national average, and rent that’s lower than the national average at $1,060/month, and a strong job market with an unemployment rate of just 3.3%. Additionally, the city features a well-educated community where 36.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 7.4%, better than the national average.
Lakesite has a population of 2,026 with a median age of 40.3 years. Compare Lakesite with other cities to see how it stacks up, or explore all cities in Tennessee.
Similar Cities Near Lakesite
Cities in Tennessee with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Estill Springs | 2,008 | $49,148 | $166,700 | Compare |
| South Carthage | 2,049 | $47,610 | $195,800 | Compare |
| Biltmore | 1,998 | $49,280 | $117,800 | Compare |
| Hunter | 1,997 | $51,763 | $163,100 | Compare |
| Halls | 1,984 | $40,735 | $100,200 | Compare |
| Caryville | 2,079 | $61,932 | $193,300 | Compare |
| Dover | 2,080 | $72,616 | $199,300 | Compare |
| Greenfield | 2,085 | $41,798 | $88,400 | 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 Lakesite With Other Cities
Frequently Asked Questions about Lakesite
What is the population of Lakesite, TN?
The population of Lakesite, TN is 2,026 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 Lakesite?
The median household income in Lakesite, TN is $92,847 per year, which is 24% above the national median of $75,149.
What is the median home value in Lakesite?
The median home value in Lakesite, TN is $299,300, which is 22% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lakesite?
The median monthly rent in Lakesite, TN is $1,060, which is 9% below the national average of $1,163/month.
What is the unemployment rate in Lakesite?
The unemployment rate in Lakesite, TN is 3.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lakesite, TN a good place to live?
Lakesite offers above-average incomes, a competitive housing market, and a strong job market. With a population of 2,026 and a median age of 40.3, the city appeals to a broad range of residents.
How educated is Lakesite, TN?
36.0% of residents in Lakesite aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lakesite?
Key cost-of-living indicators for Lakesite, TN: median home value is $299,300 (22% above national), median rent is $1,060/month, and median household income is $92,847. The home-value-to-income ratio is 3.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lakesite?
The poverty rate in Lakesite, TN is 7.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lakesite, TN?
Lakesite's population is 1.0% White, 1.3% Hispanic or Latino, 0.8% Black or African American, 0.7% Asian, and 0.5% two or more races. 2.6% of residents are foreign-born.