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Living In Loretto, TN

The small town of Loretto, Tennessee is home to slightly less than 2,000 residents. Retirees should feel right at home, as they make up 21% of the population compared to 14% nationally, while young adults are less well-represented. Overall, the town's population, with an average age of just over 44, is older than most cities in Tennessee. Home ownership is more common than renting in the area, and 21% of residents rent. Renting remains an affordable option, though, as the town boasts a relatively low average rent of $620 per month. Over the course of a year, renters in Loretto will save around $3,200 compared to the state average.

Compared to the national average (5%), Loretto has a relatively large number of residents older than 25 with an Associate's degree (7%). Furthermore, 6% possess a Bachelor's degree and 3% have earned a Master's degree or Doctorate. There are four primary industries in Loretto: manufacturing, healthcare, education, and retail. Combined, these industries account for 25% of the town's labor force. Meanwhile, in terms of job function, many residents work in transportation, as 6% of the town's population reports this as their field of work, the highest number of any field. With an average annual income of around $56,000, Loretto workers earn less than the average Tennessee resident. The town's average income also falls below the national average of $73,345.

Loretto has an average commute time of about 29 minutes. Driving is the typical way to get to work, chosen by 40% of workers, while public transportation isn't used. Walking isn't a common method of commuting to work.


Frequently Asked Questions About Loretto

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Information is copyrighted and school data provided by GreatSchools.org. Information is deemed reliable but not guaranteed. Schools listed above are based on distance from the selected location and are just a sampling of the schools in the area. To find a particular school district, and how it relates to a specific apartment, please contact the apartment manager.

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