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CENSUS TRACT

Census Tract 16.08

Tennessee · Madison County · 2,344 residents · 16.74 sq mi
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16.08
TRACT SHAPE · Madison County, TN
The short version

Census Tract 16.08 is wealthier than most US places, with a median household income of $93,191. Population has held roughly steady since 2020. Median home value has risen by half since 2020, reaching $261,600. With a median age of 52.2, the population is older than the US median of 38.9. Poverty is rare here, at 5.5% of residents. Households here earn about 55% more than the Madison County median.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 52.2
US median: 38.9
Average education
39% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
2,344
+10%since 2020
from 2,127 in 2020
2020 – 2024
Population density
140 / sq mi
+10%since 2020
from 127 / sq mi in 2020
US average: 281
Median age
52.2
+8%since 2020
from 48.4 in 2020
US average: 38.9
Population, 20202024
2K2K2K2K2K20202024Census Tract 16.08
20242K
20202024
Section 02

Income & economy

Median household income
$93,191
−2%inflation adjusted, since 2020
from $78,061 in 2020
US average: $82,259
2020 – 2024
Per capita income
$55,576
+37%since 2020
from $40,504 in 2020
US average: $44,673
Households earning $100K+
60.6%
+7.3 ptssince 2020
from 53.3% in 2020
US average: 53.3%
Poverty rate
5.5%
+1.1 ptssince 2020
from 4.4% in 2020
US average: 12.5%
Income inequality (Gini)
0.454
+16%since 2020
from 0.390 in 2020
US average: 0.476
Workforce by industry, 2024
Retail trade16.4%
US avg: 9.9%
Other services9.3%
US avg: 6.7%
Information8.5%
US avg: 10.8%
Public administration8.3%
US avg: 4.8%
Finance & insurance7.1%
US avg: 5.9%
Professional, scientific, technical6.2%
US avg: 5.1%
Transportation & warehousing5.9%
US avg: 2.2%
Wholesale trade3.8%
US avg: 6.9%
Agriculture, forestry, fishing2%
US avg: 1.6%
Construction2%
US avg: 1.2%
Education & health services0.9%
US avg: 0.9%
Arts, entertainment, food0.8%
US avg: 1.9%
Manufacturing0%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$261,600
+25%inflation adjusted, since 2020
from $173,200 in 2020
US average: $376,019
2020 – 2024
Median gross rent
$1,344
+13%inflation adjusted, since 2020
from $985 in 2020
US average: $1,442
Owner-occupied
91.3%
+0.5 ptssince 2020
from 90.8% in 2020
8.7% rent
Vacancy rate
2.0%
−4.7 ptssince 2020
from 6.7% in 2020
US average: 10.0%
Owner cost-burdened
15.8%
+2.2 ptssince 2020
from 13.7% in 2020
US average: 22.9%
Renter cost-burdened
39.1%
+14.1 ptssince 2020
from 25.0% in 2020
US average: 47.4%
Afford Score
2.8
+27%since 2020
from 2.2 in 2020
2020 – 2024
RELATED:See current rent listings in Census Tract 16.08 on RentDataNow
Section 04

Race & ethnicity

2020
White, non-Hispanic81%(1,722)
Black16.2%(344)
Hispanic / Latino0.9%(19)
Asian1%(21)
Other1%(21)
Diversity Score39.8%(846)
2024
White, non-Hispanic75.1%(1,761)
Black19.4%(454)
Hispanic / Latino0.6%(13)
Asian0.5%(11)
Other4.5%(105)
Diversity Score49.5%(1,160)
Diversity Score
50
+24%since 2020
from 40 in 2020
2020 – 2024
Section 05

Education

Bachelor's degree or higher
38.8%
+4.3 ptssince 2020
from 34.5% in 2020
US average: 35.6%
High school or higher
95.5%
+1.1 ptssince 2020
from 94.5% in 2020
US average: 89.6%
Graduate degree
12.9%
−0.8 ptssince 2020
from 13.7% in 2020
US average: 14.0%
Section 06

Commute & transportation

Average commute
24.5 min
+14%since 2020
from 21.5 min in 2020
US average: 26.5
Drive alone to work
85.3%
−6.3 ptssince 2020
from 91.6% in 2020
US average: 68.9%
Carpooled to work
4.2%
+0.5 ptssince 2020
from 3.7% in 2020
US average: 8.5%
Public transit
0.0%
Unchangedsince 2020
from 0.0% in 2020
US average: 3.2%
Worked from home
7.1%
+5.8 ptssince 2020
from 1.3% in 2020
US average: 15.0%
Walked to work
0.0%
−0.4 ptssince 2020
from 0.4% in 2020
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2020
from 0.0% in 2020
US average: 0.4%
No vehicle available
1.2%
−0.5 ptssince 2020
from 1.7% in 2020
US average: 8.3%
Section 07

Work & employment

Unemployment rate
5.7%
+3.2 ptssince 2020
from 2.5% in 2020
US average: 5.2%
Labor force participation
61.7%
+0.4 ptssince 2020
from 61.4% in 2020
US average: 63.5%
Self-employed
13.5%
−6.1 ptssince 2020
from 19.7% in 2020
US average: 13.1%
Management & professional
49.2%
+4.0 ptssince 2020
from 45.2% in 2020
US average: 42.5%
Section 08

People & community

Male
50.1%
+2.6 ptssince 2020
from 47.5% in 2020
Female
49.9%
−2.6 ptssince 2020
from 52.5% in 2020
Foreign born
1.7%
−0.6 ptssince 2020
from 2.3% in 2020
US average: 14.1%
Veterans
10.0%
+1.1 ptssince 2020
from 8.9% in 2020
US average: 6.2%
With a disability
18.9%
+3.9 ptssince 2020
from 15.0% in 2020
US average: 13.3%
Uninsured
5.5%
−0.8 ptssince 2020
from 6.3% in 2020
US average: 8.4%
Broadband at home
96.4%
+9.5 ptssince 2020
from 86.9% in 2020
US average: 91.0%
English only at home
98.7%
+0.9 ptssince 2020
from 97.8% in 2020
US average: 77.7%
Spanish at home
0.3%
−1.6 ptssince 2020
from 1.9% in 2020
US average: 13.6%
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Frequently asked

How many people live in this census tract?

this census tract has about 2,344 residents according to the 2024 American Community Survey.

What is the median household income in this census tract?

The typical household in this census tract earns about $93,191 a year. Half of households make more than that, and half make less.

Is this census tract expensive?

In this census tract, the median home is worth about $261,600, and the typical rent is about $1,344 a month.

How educated are people in this census tract?

About 38.8% of adults age 25 and over in this census tract hold a bachelor's degree or higher.

What is the poverty rate in this census tract?

About 5.5% of people in this census tract live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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