Loretto, TN
Full City Profile · Tennessee · Lawrence County County
Loretto, TN
At a Glance
How Loretto Compares to the U.S. Average
Each bar shows Loretto's value as a percentage of the national average (100% = U.S. avg)
Is Loretto a Good Place to Live?
Economy & Jobs
Loretto residents earn a median household income of $51,771 , which is 31% below the national average of $75,149. Per capita income is $29,114. The unemployment rate stands at 1.3% (64% below the U.S. rate of 3.6%). 8.1% of residents live below the poverty line. The area is home to 931 business establishments, including 65 restaurants.
Housing & Cost of Living
The median home value in Loretto is $133,000 , 53% below the national median of $281,900. Zillow estimates the typical home at $242,026. Median rent is $684/month, with 22.8% of renters spending more than 30% of income on housing. The cost of living index is 91.9 (100 = national average). The median home was built in 1972.
Safety & Crime
Loretto reports 592 violent crimes per 100,000 residents , which is 56% above the national average of 380/100K. Property crime is 263/100K.
Education
19.2% of adults in Loretto hold a bachelor's degree or higher (43% below the national average). 86.4% have completed high school. Local schools score 5.8/10 in standardized testing.
Climate & Weather
Loretto has an average annual temperature of 61°F (16°C). Winters average 41°F in January while summers reach 79°F in July. Annual precipitation totals 58.5 inches. Air quality is rated Good with a median AQI of 38.