Jamie Stitt
Assistant Commissioner, Business and Workforce Development
Tennessee Department of Economic and Community Development
312 Rosa L. Parks Ave., Nashville, TN 37243Common Search Terms
Lake County
County Profile ToolLake County
Population & Demographics
Location
Time Zone
Central Time Zone
Grand Division
West Tennessee
Area (Square Miles)
165.7
County Seat
Tiptonville
Metropolitan Area
West Tennessee nonmetropolitan area
ECD Region
Northwest
Population
Population
(2010)
7,832
Population
(2020)
7,005
Population Change
(2010 - 2020)
-10.60%
Population Forecast
(2040)
6,670
Foreign Born Population
98
Foreign Born Persons (Percentage of Population)
1.30%
Language Other Than English Spoken At Home
2.30%
Civilian Veteran Population
411
Race (Percentage of Population)
White Alone
67.10%
Black or African American, alone
27.80%
American Indian And Alaska Native, alone
0.50%
Asian, alone
0.20%
Native Hawaiian or Other Pacific Islander, alone
0.20%
Some Other Race, alone
1.30%
Two or More Races
2.90%
Hispanic or Latino
2.50%
Age (Percentage of Population)
Male
Female
Total
Under 5 Years Old
Male: 3.40%
Female: 7.40%
Total: 4.80%
Under 18 Years Old
Male: 11.40%
Female: 19.70%
Total: 14.40%
18-64 Years Old
Male: 78.20%
Female: 56.00%
Total: 70.30%
65 Years and Over
Male: 10.40%
Female: 24.30%
Total: 15.40%
Median Age
Male: 37.8
Female: 47.3
Total: 40.3
Sources:
U.S. Census Bureau, 2015-2019 5-Year American Community Survey
U.S. Census Bureau, 2019 Annual Population Estimates
U.S. Bureau of Labor Statistics
Tennessee State Data Center (2022)
Housing & Income
Housing & Income
Households
2,167
Homeownership Rate
51.10%
Persons Per Household
2.07
Living In Same House 1 Year & Over
76.60%
Median Home Value
$91,800
Annual Home Sales
59
Median Sale Price of Homes Sold
$75,000
Persons In Households With Income Below Poverty Level
31.00%
Total Personal Income
$210.5M
Personal Income Per Capita
$29,534
County Median Wage
$17.82
Household Income & Benefits
Percent of Household
Less Than $10,000
21.60%
$10,000 to $14,999
8.60%
$15,000 to $24,999
11.00%
$25,000 to $34,999
10.20%
$35,000 to $49,999
11.10%
$50,000 to $74,999
14.40%
$75,000 to $99,999
12.10%
$100,000 to $149,999
5.30%
$150,000 to $199,999
1.20%
$200,000 or More
4.40%
Median Household Income
$34,230
Percentage of Households by Income Range
Sources:
U.S. Census Bureau, 2016-2020 5-Year American Community Survey
Tennessee Housing Development Agency (2022)
U.S. Bureau of Economic Analysis (2021)
Economic Modeling Specialists Intl. (2022)
Tax Structure
Property Tax
Property Tax Rate (County)
$2.85
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
7.00%
County Sales Tax Rate
2.75%
Local Sales Tax Collections
(FY 2021)
$1,100,969
Local Sales Tax Collections
(FY 2020)
$1,019,418
Local Sales Tax Collections Growth
(FY 2020 - FY 2021)
8.00%
State Bond Ratings
Moody's
Aaa
Standard & Poor's
AAA
Fitch
AAA
Debt per Capita
State Debt per Capita
$992 (Lowest in U.S.)
County Debt Per Capita
$1,364
Sources:
Tennessee Comptroller of the Treasury (2022)
Tennessee Department of Revenue (2022)
The Tax Foundation (2022)
Labor Force
Labor Force Estimates (2022)
Tennessee
Lake
Labor Force
Tennessee: 3,352,030
Lake: 1,628
Employment
Tennessee: 3,238,559
Lake: 1,547
Unemployment
Tennessee: 113,471
Lake: 81
Unemployment Rate
Tennessee: 3.40%
Lake: 5.00%
Unemployment Rate*
Tennessee
Lake
2019
Tennessee: 3.30%
Lake: 5.40%
2020
Tennessee: 7.50%
Lake: 8.10%
2021
Tennessee: 4.50%
Lake: 6.10%
2022
Tennessee: 3.40%
Lake: 5.00%
Unemployment Rate (by percentage)
Sources:
U.S. Bureau of Labor Statistics
Industries
Industry
Employment
Establishments
Avg. Annual Wages
Crop and Animal Production
Employment: 64
Establishments: 12
Avg. Annual Wages: $35,583
Manufacturing
Employment: 103
Establishments: 2
Employment: $41,593
Wholesale Trade
Employment: 26
Establishments: 3
Employment: $55,366
Retail Trade
Employment: 131
Establishments: 12
Employment: $29,372
Finance and Insurance
Employment: 19
Establishments: 6
Employment: $37,077
Real Estate and Rental and Leasing
Employment: 13
Establishments: 5
Employment: $14,439
Professional, Scientific, and Technical Services
Employment: 21
Establishments: 3
Employment: $66,848
Administrative, Support, Waste Management and Remediation
Employment: 55
Establishments: 5
Employment: $39,582
Health Care and Social Assistance
Employment: 161
Establishments: 8
Employment: $41,815
Accommodation and Food Services
Employment: 113
Establishments: 12
Employment: $18,554
Other Services (except Public Administration)
Employment: 27
Establishments: 8
Employment: $27,207
Government
Employment: 768
Establishments: 24
Employment: $45,739
Total
Employment: 1,536
Establishments: 106
Employment: $40,687
Unique Occupations*
Employment
Location Quotient*
Psychiatric Aides
Employment: 12
Location Quotient*: 26.6
Civil Engineering Technologists and Technicians
Employment: 18
Location Quotient*: 26.34
Probation Officers and Correctional Treatment Specialists
Employment: 12
Location Quotient*: 12.78
Correctional Officers and Jailers
Employment: 48
Location Quotient*: 12.36
Eligibility Interviewers, Government Programs
Employment: 17
Location Quotient*: 10.98
Key Cluster
Total Employment
Advanced Materials
0
Aerospace & Defense
0
Appliances & Electrical
0
Automotive
0
Business Services
0
Chemicals
0
Distribution & Logistics
0
Film, Music & Entertainment
0
Food & Beverage
0
Healthcare & Medical Devices
0
Top Employers
Top County Employers
Estimated Employees
City
Tennessee Department of Correction
Est. Employees: 400
City: Tiptonville
Lake County Government
Est. Employees: 75
City: Tiptonville
Reel Foot Manor, Inc.
Est. Employees: 60
City: Tiptonville
Excel Boat Company, LLC
Est. Employees: 57
City: Ridgely
The Bridge at Ridgely
Est. Employees: 46
City: Ridgely
Transportation & Logistics
Transportation
Nearest Commercial Service Airport
McKellar Sipes (Jackson)
Distance to Nearest Commercial Service Airport
75
Daily Flights At Nearest Commercial Service Airport
7
Nearest General Aviation Airport
Reelfoot (Tiptonville)
Runway Length at Nearest General Aviation Airport
3,500'
Mean Travel Time to Work (Minutes)
22.5
Access of Interstate
I-69 (16 miles)
U.S. Highways
NONE
State Highways
21, 22, 78, 79, 181, 212, 213
Nearest Port (From County Seat)
Tiptonville (Cates Landing)
Railroads Serving County
TennKen Railroad
Sources:
Tennessee Department of Transportation
U.S. Census Bureau, 2016-2020 5-Year American Community Survey
Education
General Stats
Lake
Tennessee
Population Aged 25-64 With High School Degree Or Higher
Lake: 76.80%
Tennessee: 89.50%
Population Aged 25-64 With Associate's Degree Or Higher
Lake: 11.50%
Tennessee: 36.70%
Population Aged 25-64 With Bachelor's Degree Or Higher
Lake: 7.60%
Tennessee: 28.70%
High School Graduation Rate
Lake: 91%
Tennessee: 89%
College Going Rate
Lake: 45.10%
Tennessee: 63.40%
Average ACT Score
Lake: 18.4
Tennessee: 20.2
High School Graduation Rate
College Going Rate
Average ACT Score
Lake County Schools
Enrollment
Elementary Schools
Enrollment: 381
High Schools
Enrollment: 214
Regional Higher Education Institutions
City
Enrollment
Dyersburg State Community College
City: Dyersburg
Enrollment: 2,845
Tennessee College of Applied Technology-Newbern
City: Newbern
Enrollment: 555
Sources:
U.S. Census Bureau, 2017 1-Year American Community Survey,
U.S. Census Bureau, 2013-2017 5-Year American Community Survey
Tennessee Department of Education (2017-2018)
National Center for Education Statistics (2016-2017)
Tennessee Higher Education Commission
† Regional higher education institutions include those within the selected and surrounding counties.
Health & Public Safety
Doctors
Number of Doctors
4
Overweight & Obesity Prevalence
Adults*
9.60%
Children** (Grade 8)
50.30%
Regional Hospitals
Number of Beds
City
West Tennessee Healthcare Dyersburg Hospital
Number of Beds: 115
City: Dyersburg
Baptist Memorial Hospital-Union City
Number of Beds: 63
City: Union City
Sources:
Tennessee Department of Health (2014)
Tennessee Bureau of Investigation (2014)
† Regional hospitals include those within the selected and surrounding counties.
Climate
Climate
Average High Temperature
70.1°F
Average Low Temperature
50.1°F
Average Annual Temperature
60.1°F
Annual Rainfall
54.18"
Elevation (at County Seat)
275'
Prevailing Winds
South-Southwest
Sources:
National Oceanic and Atmospheric Administration (2023)
Community Information
Ridgely
Population (2020)
1,767
Charter Type
Private Act
Local Option Sales Tax Rate
2.75%
City Property Tax Rate
$1.87
Phone Number
(731) 264-5182
Retire Tennessee Participant
No
Tennessee Downtowns Participant
No
Main Street Participant
No
Tiptonville
Population (2020)
4,272
Charter Type
Private Act
Local Option Sales Tax Rate
2.75%
City Property Tax Rate
$1.87
Phone Number
(731) 253-9922
Retire Tennessee Participant
No
Tennessee Downtowns Participant
No
Main Street Participant
Yes
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