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EconPulse

Local economy signal dashboard

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PLACEThriving

Norris, TN

Thriving overall. Jobs is the clearest support signal, while population needs the most attention. Housing reads as affordable for a median-income household.

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Overall score76out of 100
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84
100
0
77
100

Population

1,485

Data freshness

Unknown

GDP / Output

+6.4% YoY

84

$7.9B

Output changed +6.4% in 2024.

Vintage date unknown

State growth5.6%
U.S. growth5.3%

Jobs

Unemployment rate

100

0.2%

Unemployment is 0.2% for Latest available.

Vintage date unknown

State avg4.7%
U.S. avg5.2%

Population

-10.5% 5-year

0

1,485

Population moved -10.5% over the latest ACS window.

Vintage date unknown

State population7,066,383
U.S. population334,922,499

Housing

Rent share of income

77

16.7%

Median rent consumes 16.7% of median household income: Affordable.

Vintage date unknown

State rent$1.2K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$90.8K per resident

100

$7.0B

$7.0B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$121.4B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$7.0B

$90.8K per resident in reported federal flow.

Top agencies

Dollars
1. Department of Energy$6.3B
2. Social Security Administration$483.4M
3. Department of Veterans Affairs$67.1M

Top recipients

Dollars
1. UT-BATTELLE LLC$2.7B
2. CONSOLIDATED NUCLEAR SECURITY, LLC$2.5B
3. UNITED CLEANUP OAK RIDGE LLC$630.3M

Affordable

Housing Affordability

16.7%

of median income

1BR estimate$863
2BR estimate$1,137
Median income$75,515
Median home value$315,900

ACS context

Quick Facts

Population

1,485

Median age

58.5

Bachelor's degree+

51.7%

Poverty rate

6.6%

Labor force participation

48.4%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

-2.2%

GDP CAGR

+8.1%

Federal flow

5 years

Population (5 years)
20201,659
20211,643
20221,592
20231,472
20241,485
GDP (5 years)
2020$5.3B
2021$6.0B
2022$7.0B
2023$7.4B
2024$7.9B

2-year linear forecast

Predictive Outlook

Population forecast

20241,485
20251,415 *
20261,363 *

R² = 88.1% · * projected

GDP forecast

2024$7.9B
2025$8.6B *
2026$9.3B *

R² = 97.8% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$75,515/yr
Median rent$1,053/mo
Rent share of income16.7%
Est. mortgage (30yr, 6.5%)$19,168/yr
Mortgage share of income25.4%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate0.2%
State avg4.7%
U.S. avg5.2%
Labor force participation48.4%
Poverty rate6.6%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$315,900
Median monthly rent$1,053
Price-to-rent ratio25.0x

High price-to-rent ratio — renting may be more economical than buying in this market.

composite score

Investment Climate

Investment climateStrong
Composite score69/100
Economic growth84/100
Labor market100/100
Population momentum0/100
Overall stability76/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Norris city, Tennessee

City/Town

Part of

Knoxville, TN

Nearby locations

Andersonville, TNRocky Top, TNBriceville, TNClinton, TNCaryville, TN