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The total population of Loretto is estimated to be 1,811 with 846 males (46.71%) and 965 females (53.29%). There are 119 more females than males in Loretto.
The median household income in Loretto was $51,811 in 2021, which marked an an increase of 1,072(2.11%) from $50,739 in 2020. This income is 69.45% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Loretto sees its highest median household income among householders in the age group of 25 to 44 years old, at $57,694. Overall, the median household income for the city of Loretto stands at $51,811.
In Loretto, the median income for all workers aged 15 years and older, regardless of work hours, was $43,012 for males and $24,882 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $56,883 for males and $31,211 for females.
In Loretto, population is primarily represented by White households, reporting a median income of $52,175.
In 2022, the population of Loretto was 1,780, a 1.19% increase year-by-year from 2021. Previously, in 2021, Loretto's population was 1,759, an increase of 1.32% compared to a population of 1,736 in 2020.
The median age in Loretto, TN is 43.3, as per 2021 ACS 5-Year Estimates. Of the total population, 18.32% were under the age of 15, 18.67% aged 15 to 29, 42.40% aged 30 to 64, 18.67% aged 65 to 84, and 1.94% were 85 years of age and older.
Racial distribution of Loretto population: 99.30% are White and 0.70% are multiracial.