Time Zone
Central Time Zone
Grand Division
West Tennessee
Area (Square Miles)
165.8
County Seat
Tiptonville
Metropolitan Area
West Tennessee nonmetropolitan area
ECD Region
Northwest
2020 Population
7,005
2024 Population
6,898
Population Change
-1.5%
Population Forecast
5,497
Foreign Born Population
135
Foreign Born Persons (Percentage of Population)
2.00%
Language Other Than English Spoken At Home
2.60%
Civilian Veteran Population
352
White Alone
66.10%
Black or African American, alone
25.70%
American Indian And Alaska Native, alone
0.80%
Asian, alone
0.30%
Native Hawaiian or Other Pacific Islander, alone
0.20%
Some Other Race, alone
1.30%
Two or More Races
5.60%
Hispanic or Latino
2.90%
Under 5 Years Old
Male: 3.30%
Female: 0.041
Total: 3.60%
Under 18 Years Old
Male: 12.30%
Female: 17.70%
Total: 14.30%
18-64 Years Old
Male: 77.50%
Female: 57.80%
Total: 70.30%
65 Years and Over
Male: 10.20%
Female: 24.50%
Total: 15.40%
Median Age
Male: 41.8
Female: 40.2
Total: 47.1
Households
2,013
Homeownership Rate
46.4%
Persons Per Household
2.29
Living In Same House 1 Year & Over
78.1%
Median Home Value
$111,900
Annual Home Sales
31
Median Sale Price of Homes Sold
$75,000
Persons In Households With Income Below Poverty Level
27.9%
Total Personal Income
$197.8M
Personal Income Per Capita
$30,404
County Median Wage
$19.50
Less Than $10,000
18.3%
$10,000 to $14,999
11.2%
$15,000 to $24,999
10.9%
$25,000 to $34,999
12.9%
$35,000 to $49,999
11.8%
$50,000 to $74,999
13.5%
$75,000 to $99,999
7.1%
$100,000 to $149,999
7.2%
$150,000 to $199,999
5.1%
$200,000 or More
2.0%
Median Household Income
$32,064
Property Tax Rate (County)
$3.3660
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 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None (Hall Income tax was fully repealed January 1, 2021)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
State Sales Tax Rate
7.0%
County Sales Tax Rate
2.75%
Local Sales Tax Collections
$1,116,358
Local Sales Tax Collections
$1,191,151
Local Sales Tax Collections Growth
-6.28%
Moody's
Aaa
Standard & Poor's
AAA
Fitch
AAA
State Debt per Capita
$988
County Debt Per Capita
$1,195
Labor Force
Tennessee: 3,420,373
Lake: 1,586
Employment
Tennessee: 3,303,023
Lake: 1,516
Unemployment
Tennessee: 117,350
Lake: 70
Unemployment Rate
Tennessee: 3.40%
Lake: 4.40%
2021
Tennessee: 4.50%
Lake: 6.40%
2022
Tennessee: 3.40%
Lake: 4.90%
2023
Tennessee: 3.20%
Lake: 4.00%
2024
Tennessee: 3.40%
Lake: 4.40%
Crop and Animal Production
Employment: 66
Establishments: 13
Avg. Annual Wages: $36,492
Construction
Employment: 16
Establishments: 4
Employment: $104,955
Manufacturing
Employment: 17
Establishments: 1
Employment: $88,747
Wholesale Trade
Employment: 35
Establishments: 3
Employment: $94,994
Retail Trade
Employment: 137
Establishments: 15
Employment: $32,769
Finance and Insurance
Employment: 19
Establishments: 6
Employment: $36,400
Real Estate and Rental and Leasing
Employment: 16
Establishments: 3
Employment: $16,916
Professional, Scientific, and Technical Services
Employment: 10
Establishments: 7
Employment: $0
Administrative, Support, Waste Management and Remediation
Employment: 45
Establishments: 3
Employment: $42,050
Health Care and Social Assistance
Employment: 169
Establishments: 14
Employment: $43,650
Accommodation and Food Services
Employment: 82
Establishments: 11
Employment: $21,748
Other Services (except Public Administration)
Employment: 17
Establishments: 7
Employment: $41,269
Government
Employment: 814
Establishments: 23
Employment: $52,356
Total
Employment: 1,468
Establishments: 114
Employment: $48,091
Fish and Game Wardens
Employment: 7
Location Quotient*: 101.9
Correctional Officers and Jailers
Employment: 80
Location Quotient*: 22.71
First-Line Supervisors of Correctional Officers
Employment: 9
Location Quotient*: 16.59
Probation Officers and Correctional Treatment Specialists
Employment: 13
Location Quotient*: 15.83
Agricultural Inspectors
Employment: 2
Location Quotient*: 15.78
Advanced Materials
0
Aerospace & Defense
0
Appliances & Electrical
0
Automotive
0
Business Services
0
Chemicals
0
Distribution & Logistics
41
Film, Music & Entertainment
0
Food & Beverage
0
Healthcare & Medical Devices
0
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
Nearest Commercial Service Airport
McKellar Sipes (Jackson)
Distance to Nearest Commercial Service Airport
75
Nearest General Aviation Airport
Reelfoot (Tiptonville)
Runway Length at Nearest General Aviation Airport
3,500'
Mean Travel Time to Work (Minutes)
20.8
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
Population Aged 25-64 With High School Degree Or Higher
Lake: 74.6%
Tennessee: 91.5%
Population Aged 25-64 With Associate's Degree Or Higher
Lake: 13.1%
Tennessee: 41.2%
Population Aged 25-64 With Bachelor's Degree Or Higher
Lake: 9.2%
Tennessee: 32.8%
High School Graduation Rate
Lake: 97.8%
Tennessee: 90.6%
College Going Rate
Lake: 39.5%
Tennessee: 56.7%
Average ACT Score
Lake: 16.6
Tennessee: 19.0
Number of Doctors
4
Adults*
16.9
Children** (Grade 8)
49.5
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
Population
1,690
Charter Type
Private Act
Local Option Sales Tax Rate
2.75%
City Property Tax Rate
$1.39
Phone Number
(731) 264-5182
Retire Tennessee Participant
No
Tennessee Downtowns Participant
No
Main Street Participant
No
Population
3,976
Charter Type
Private Act
Local Option Sales Tax Rate
2.75%
City Property Tax Rate
$1.57
Phone Number
(731) 253-9922
Retire Tennessee Participant
No
Tennessee Downtowns Participant
No
Main Street Participant
Yes
ThreeStar Certified County
Yes
