Jamie Stitt

Assistant Commissioner, Business and Workforce Development

Tennessee Department of Economic and Community Development
312 Rosa L. Parks Ave., Nashville, TN 37243
Do Business in Tennessee
I am a:

Grundy County

County Profile Tool
Grundy County

Population & Demographics

Location

Time Zone

Central Time Zone

Grand Division

Middle Tennessee

Area (Square Miles)

360.4

County Seat

Altamont

Metropolitan Area

South Central Tennessee nonmetropolitan area

ECD Region

Southeast

Population

Population

(2020)

13,529

Population

(2022)

13,550

Population Change

(2020 - 2022)

0.2%

Population Forecast

(2040)

13,086

Foreign Born Population

40

Foreign Born Persons (Percentage of Population)

0.30%

Language Other Than English Spoken At Home

1.30%

Civilian Veteran Population

746

Race (Percentage of Population)

White Alone

95.40%

Black or African American, alone

0.40%

American Indian And Alaska Native, alone

0.20%

Asian, alone

0.30%

Native Hawaiian or Other Pacific Islander, alone

0.00%

Some Other Race, alone

0.00%

Two or More Races

3.70%

Hispanic or Latino

1.60%

Age (Percentage of Population)
Male
Female
Total

Under 5 Years Old

Male: 6.40%

Female: 0.053

Total: 5.90%

Under 18 Years Old

Male: 22.90%

Female: 19.80%

Total: 21.40%

18-64 Years Old

Male: 58.70%

Female: 57.70%

Total: 58.10%

65 Years and Over

Male: 18.40%

Female: 22.50%

Total: 20.50%

Median Age

Male: 43.1

Female: 42

Total: 45

Sources:
U.S. Census Bureau, 2018-2022 5-Year American Community Survey
U.S. Bureau of Labor Statistics
Tennessee State Data Center (2024)

Housing & Income

Housing & Income

Households

4,965

Homeownership Rate

83.6%

Persons Per Household

2.69

Living In Same House 1 Year & Over

94.5%

Median Home Value

$126,400

Annual Home Sales

112

Median Sale Price of Homes Sold

$196,000

Persons In Households With Income Below Poverty Level

18.2%

Total Personal Income

$530.0M

Personal Income Per Capita

$38,468

County Median Wage

$17.60

Household Income & Benefits
Percent of Household

Less Than $10,000

5.2%

$10,000 to $14,999

8.2%

$15,000 to $24,999

12.2%

$25,000 to $34,999

10.5%

$35,000 to $49,999

17.2%

$50,000 to $74,999

19.7%

$75,000 to $99,999

8.3%

$100,000 to $149,999

12.5%

$150,000 to $199,999

4.9%

$200,000 or More

1.3%

Median Household Income

$47,948

Percentage of Households by Income Range

Sources:
U.S. Census Bureau, 2018-2022 5-Year American Community Survey
Tennessee Housing Development Agency (2023)
U.S. Bureau of Economic Analysis (2023)
Lightcast (2023)

Tax Structure

Property Tax

Property Tax Rate (County)

$1.4260

State Property Tax

None

Assessment Ratio: Residential Property

25%

Assessment Ratio: Farm Property

25%

Assessment Ratio: Commercial/Industrial Property

40%

Assessment Ratio: Public Utility Property

55%

Assessment Ratio: Business Personal Property

30%

State Tax

State Income Tax on Wages

None

State Income Tax: Interest from Bonds and Notes and Dividends from Stock

None (Hall Income tax was fully repealed January 1, 2021)

Excise Tax (State)

6.5% of Tennessee taxable income

Franchise Tax (state)

0.25% of the greater of net worth or real and tangible property in Tennessee. The minimum tax is $100.

Unemployment Insurance Tax (state)

2.7% of the first $7,000 in wages for new employers

Sales Tax

State Sales Tax Rate

7.0%

County Sales Tax Rate

2.25%

Local Sales Tax Collections

(FY 2023)

$3,291,414

Local Sales Tax Collections

(FY 2024)

$2,982,511

Local Sales Tax Collections Growth

(FY 2023 - FY 2024)

10.36%

State Bond Ratings

Moody's

Aaa

Standard & Poor's

AAA

Fitch

AAA

Debt per Capita

State Debt per Capita

$988

County Debt Per Capita

$476

Sources:
Tennessee Comptroller of the Treasury (2024)
Tennessee Department of Revenue (2024)
The Tax Foundation (2024)

Labor Force

Labor Force Estimates (2023)
Tennessee
Grundy

Labor Force

Tennessee: 3,379,605

Grundy: 5,059

Employment

Tennessee: 3,267,935

Grundy: 4,833

Unemployment

Tennessee: 111,670

Grundy: 226

Unemployment Rate

Tennessee: 3.30%

Grundy: 4.50%

Unemployment Rate*
Tennessee
Grundy

2019

Tennessee: 7.40%

Grundy: 9.90%

2020

Tennessee: 4.50%

Grundy: 5.70%

2021

Tennessee: 3.40%

Grundy: 4.50%

2022

Tennessee: 3.30%

Grundy: 4.50%

Unemployment Rate (by percentage)

Sources:
U.S. Bureau of Labor Statistics

Industries

Industry
Employment
Establishments
Avg. Annual Wages

Crop and Animal Production

Employment: 38

Establishments: 3

Avg. Annual Wages: $20,936

Mining, Quarrying, and Oil and Gas Extraction

Employment: 26

Establishments: 1

Avg. Annual Wages: $37,694

Construction

Employment: 43

Establishments: 11

Employment: $43,216

Manufacturing

Employment: 224

Establishments: 13

Employment: $41,916

Wholesale Trade

Employment: 34

Establishments: 12

Employment: $85,413

Retail Trade

Employment: 278

Establishments: 39

Employment: $24,286

Transportation and Warehousing

Employment: 32

Establishments: 12

Employment: $38,891

Information

Employment: 18

Establishments: 6

Employment: $53,475

Finance and Insurance

Employment: 53

Establishments: 12

Employment: $36,639

Real Estate and Rental and Leasing

Employment: 36

Establishments: 6

Employment: $40,698

Professional, Scientific, and Technical Services

Employment: 28

Establishments: 11

Employment: $51,104

Administrative, Support, Waste Management and Remediation

Employment: 129

Establishments: 12

Employment: $58,518

Health Care and Social Assistance

Employment: 182

Establishments: 19

Employment: $36,759

Arts, Entertainment, and Recreation

Employment: 19

Establishments: 3

Employment: $25,098

Accommodation and Food Services

Employment: 166

Establishments: 17

Employment: $15,918

Other Services (except Public Administration)

Employment: 131

Establishments: 10

Employment: $29,753

Government

Employment: 598

Establishments: 27

Employment: $34,816

Total

Employment: 2,078

Establishments: 219

Employment: $35,337

Unique Occupations*
Employment
Location Quotient*

Logging Equipment Operators

Employment: 13

Location Quotient*: 35.38

Sewing Machine Operators

Employment: 10

Location Quotient*: 5.97

First-Line Supervisors of Police and Detectives

Employment: 10

Location Quotient*: 5.74

Bus Drivers, School

Employment: 20

Location Quotient*: 4.07

Correctional Officers and Jailers

Employment: 20

Location Quotient*: 3.76

Key Cluster
Total Employment

Advanced Materials

0

Aerospace & Defense

0

Appliances & Electrical

0

Automotive

128

Business Services

22

Chemicals

0

Distribution & Logistics

45

Film, Music & Entertainment

15

Food & Beverage

0

Healthcare & Medical Devices

0

Top Employers

Top County Employers
Estimated Employees
City

Grundy County School District

Est. Employees: 306

City: Altamont

The Bridge at Monteagle

Est. Employees: 108

City: Monteagle

Grundy County Government

Est. Employees: 100

City: Altamont

Toyota Seat USA

Est. Employees: 100

City: Pelham

Exceptional Enterprises, Inc.

Est. Employees: 73

City: Coalmont

Transportation & Logistics

Transportation

Nearest Commercial Service Airport

Chattanooga Metropolitan

Distance to Nearest Commercial Service Airport

71

Daily Flights At Nearest Commercial Service Airport

25

Nearest General Aviation Airport

Franklin County

Distance to Nearest General Aviation Airport

25.3

Runway Length at Nearest General Aviation Airport

3,700'

Mean Travel Time to Work (Minutes)

32.4

Access of Interstate

I-24

U.S. Highways

41

State Highways

2, 15, 50, 56, 108, 150, 399

Nearest Port (From County Seat)

South Pittsburg (Nickajack)

Sources:
Tennessee Department of Transportation
Federal Aviation Administration, Aeronautical Data (2024)
U.S. Census Bureau, 2018-2022 5-Year American Community Survey

Education

General Stats
Grundy
Tennessee

Population Aged 25-64 With High School Degree Or Higher

Grundy: 81.5%

Tennessee: 91.5%

Population Aged 25-64 With Associate's Degree Or Higher

Grundy: 21.5%

Tennessee: 41.2%

Population Aged 25-64 With Bachelor's Degree Or Higher

Grundy: 13.5%

Tennessee: 32.8%

High School Graduation Rate

Grundy: 92.4%

Tennessee: 90.6%

College Going Rate

Grundy: 55.2%

Tennessee: 56.7%

Average ACT Score

Grundy: 18.1

Tennessee: 19.0

High School Graduation Rate
College Going Rate
Average ACT Score
Grundy County Schools
Enrollment

Elementary Schools

Enrollment: 788

High Schools

Enrollment: 534

Regional Higher Education Institutions
City
Enrollment

Sewanee-The University of the South

City: Sewanee

Enrollment: 1,704

Tennessee College of Applied Technology-McMinnville

City: McMinnville

Enrollment: 577

Sources:
U.S. Census Bureau, 2022 1-Year American Community Survey,
U.S. Census Bureau, 2022 5-Year American Community Survey
Tennessee Department of Education (2022-2023)
National Center for Education Statistics
Tennessee Board of Regents and Tennessee Higher Education Commission

† Regional higher education institutions include those within the selected and surrounding counties.

Due to data availability, federal graduation rates were used for Clay, Fentress, and Haywood counties.

Health & Public Safety

Doctors

Number of Doctors

5

Overweight & Obesity Prevalence

Adults*

25.4

Children** (Grade 8)

39.2

Regional Hospitals
Number of Beds
City

Sources:
American Medical Association (2023)

National Center for Chronic Disease Prevention and Health Promotion

Tennessee Department of Health

† Regional hospitals include those within the selected and surrounding counties.

 

Climate

Climate

Average High Temperature

67.6°F

Average Low Temperature

47.4°F

Average Annual Temperature

57.5°F

Annual Rainfall

69.31"

Elevation (at County Seat)

1,900'

Prevailing Winds

Southerly

Sources:
National Oceanic and Atmospheric Administration (2023)

Community Information

Altamont

Population (2022)

1,078

Charter Type

Private Act

Local Option Sales Tax Rate

2.25%

Phone Number

(931) 692-3971

Retire Tennessee Participant

No

Tennessee Downtowns Participant

No

Main Street Participant

No

Beersheba Springs

Population (2022)

543

Charter Type

General Law Manager-Commission

Local Option Sales Tax Rate

2.25%

Phone Number

(931) 692-3107

Retire Tennessee Participant

No

Tennessee Downtowns Participant

No

Main Street Participant

No

Coalmont

Population (2019)

940

Charter Type

General Law Manager-Commission

Local Option Sales Tax Rate

2.25%

Phone Number

(931) 592-9373

Retire Tennessee Participant

No

Tennessee Downtowns Participant

No

Main Street Participant

No

Gruetli-Laager

Population (2022)

2,429

Charter Type

General Law Mayor-Alderman

Local Option Sales Tax Rate

2.25%

Phone Number

(931) 779-5147

Retire Tennessee Participant

No

Tennessee Downtowns Participant

No

Main Street Participant

No

Monteagle

Population (2022)

1,836

Charter Type

General Law Mayor-Alderman

Local Option Sales Tax Rate

2.25%

Phone Number

(931) 924-2265

Retire Tennessee Participant

No

Tennessee Downtowns Participant

No

Main Street Participant

No

Palmer

Population (2022)

696

Charter Type

Private Act

Local Option Sales Tax Rate

2.25%

Phone Number

(931) 779-3247

Retire Tennessee Participant

No

Tennessee Downtowns Participant

No

Main Street Participant

No

Tracy City

Population (2019)

1,561

Charter Type

Private Act

Local Option Sales Tax Rate

2.25%

City Property Tax Rate

$0.53

Phone Number

(931) 592-6213

Retire Tennessee Participant

No

Tennessee Downtowns Participant

Yes

Main Street Participant

No

Additional Community Information

ThreeStar Certified County

Yes

Sources:
Tennessee Municipal Technical Advisory Service
Tennessee Department of Revenue (2015)
Tennessee Comptroller of the Treasury (2015)
U.S. Census Bureau, 2010-2014 5-Year American Community Survey

Tennessee Department of Economic and Community Development
312 Rosa L. Parks Ave., Nashville, TN 37243
615.741.1888 |
CONNECT WITH US
Partners

© Copyright 2024 TNECD. All Rights Reserved. By continuing to browse this site, you’re accepting the use of cookies. Want to know more? See our Privacy Policy.