The 10 Richest Cities In Tennessee For 2023


We analyzed 95 places in Tennessee to determine where the 1% live.

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If you tell people that you live in one of Tennessee’s richest places, they will think that you are crazy rich.

And since HomeSnacks is our name and ranking states and places is our game, the only ten we see in Tennessee are The Volunteer State’s top ten richest places for 2023. And lucky for you, they’re listed below.

But first things first. How did we identify Tennessee’s wealthiest places? We took a look at the latest Census data from the American Community Survey for 99 Tennessee cities with 5,000 residents. We then looked at median income and unemployment and poverty rates for each and assigned a score. We call this a city’s overall SnackAbility. And, folks, there are some super rich places in Tennessee that are snack worthy.

You’ll be living the Tennessee dream if you choose one of the state’s richest to plant some roots. Heck, there’s a reason famous Tennesseans like country singer Jason Aldean and hockey star Mike Fisher can’t stop talking about their hometowns Spring Hill and Brentwood: these places know how to cater to the state’s one percent. But, folks, you’re going to need some serious cash if you think you’re going to set up shop in The Home to Country Music: the median income in many of Tennessee’s richest places is north of $100,000/year.

Want to know more? We suggest that you crank some Dolly, grab a quiet spot next to the Cumberland River in Nashville, and read on.

HomeSnacks is not just your average website. Millions of people read our articles every year and media outlets love to feature our work. Take for instance this little gem by Nashville’s Fox 17. Needless to say, we are very confident in our work and we are very confident in this list of the top ten richest places in Tennessee for 2023.

So, where is Tennessee’s number one richest place to live? According to the latest data, Nolensville, has earned this honor.

If you want to see a list of the rest of Tennessee’s richest places, take a look below. And if you don’t find what you’re looking for there, head to the bottom.

Rich people not your cup of tea? Feel free to check out some more reading about Tennessee:

The 10 Richest Cities In Tennessee For 2023

1. Nolensville

Nolensville, TN

Overall SnackAbility

9.5
/10

Population: 13,393
Rank Last Year: 1 (No Change)
Median Income: $152,500
Unemployment Rate: 1.3%
Poverty Rate: 1.0%
More on Nolensville: Real Estate | Photos

2. Brentwood

Brentwood, TN

Overall SnackAbility

7.5
/10

Population: 44,354
Rank Last Year: 2 (No Change)
Median Income: $165,948
Unemployment Rate: 2.2%
Poverty Rate: 2.6%
More on Brentwood: Real Estate | Photos

3. Signal Mountain

Signal Mountain, TN

Overall SnackAbility

10
/10

Population: 8,770
Rank Last Year: 3 (No Change)
Median Income: $114,464
Unemployment Rate: 2.3%
Poverty Rate: 2.2%
More on Signal Mountain: Real Estate | Photos

4. Farragut

Farragut, TN

Overall SnackAbility

7.5
/10

Population: 23,388
Rank Last Year: 5 (Up 1)
Median Income: $119,167
Unemployment Rate: 1.9%
Poverty Rate: 3.3%
More on Farragut: Real Estate | Photos

5. Spring Hill

Spring Hill, TN

Overall SnackAbility

7
/10

Population: 48,403
Rank Last Year: 6 (Up 1)
Median Income: $92,779
Unemployment Rate: 1.4%
Poverty Rate: 2.5%
More on Spring Hill: Real Estate | Photos

6. Germantown

Germantown, TN

Source: City Of Germantwon
Overall SnackAbility

7.5
/10

Population: 40,955
Rank Last Year: 4 (Down 2)
Median Income: $132,949
Unemployment Rate: 2.9%
Poverty Rate: 2.4%
More on Germantown: Real Estate | Photos

7. Collierville

Collierville, TN

Overall SnackAbility

9
/10

Population: 50,669
Rank Last Year: 7 (No Change)
Median Income: $119,461
Unemployment Rate: 3.0%
Poverty Rate: 2.8%
More on Collierville: Real Estate | Photos

8. Greenbrier

Greenbrier, TN

Overall SnackAbility

8.5
/10

Population: 6,845
Rank Last Year: 13 (Up 5)
Median Income: $83,973
Unemployment Rate: 1.2%
Poverty Rate: 6.2%
More on Greenbrier: Real Estate | Photos

9. Franklin

Franklin, TN

Overall SnackAbility

9
/10

Population: 81,531
Rank Last Year: 12 (Up 3)
Median Income: $102,721
Unemployment Rate: 3.2%
Poverty Rate: 5.1%
More on Franklin: Real Estate | Photos

10. White House

White House, TN

Overall SnackAbility

8.5
/10

Population: 12,820
Rank Last Year: 8 (Down 2)
Median Income: $80,504
Unemployment Rate: 2.5%
Poverty Rate: 5.7%
More on White House: Real Estate | Photos

Methodology: How We Determined The Richest Places In Tennessee For 2023

Map Of The Richest Places To Live In Tennessee
The first thing that comes to most people’s minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.

However, we don’t believe that one statistic wholly encompasses what it means to be one of the “richest places”. So we looked at this set of criteria from the newly released 2017-2021 American Community Survey:

  • Poverty Level
  • Median Household Income
  • Unemployment Rate

Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.

After we collected the data for all 99 places with more than 5,000 people in Tennessee, we ranked each place from 1 to 99 for each of the criteria, with 1 being the richest.

We then averaged all the rankings for a place into a “Rich Score” with the place having the lowest overall Rich Score, Nolensville, crowned the “Richest City In Tennessee For 2023”. You can download the data here.

You can learn more about the top ten below or skip to the end to see the rankings for all 99 places.

Summary: The Wealthiest Places In Tennessee For 2023

Like we said earlier, when we set out to identify the richest places in Tennessee, we weren’t sure what we’d encounter, but it ended up being some of the best places to live in Tennessee.

When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.

If you’re curious enough, here are the poorest cities in Tennessee, according to data:

Poorest: Newport
2nd Poorest: Lawrenceburg
3rd Poorest: Ripley

For more Tennessee reading, check out:

Detailed List Of The Richest Cities In Tennessee

Rank City RichScore Median Income
1 Nolensville 2.33 $152,500
2 Brentwood 5.67 $165,948
3 Signal Mountain 6.67 $114,464
4 Farragut 6.67 $119,167
5 Spring Hill 7.0 $92,779
6 Germantown 8.0 $132,949
7 Collierville 10.0 $119,461
8 Greenbrier 11.67 $83,973
9 Franklin 13.67 $102,721
10 White House 14.33 $80,504
11 Arlington 15.67 $104,637
12 Thompson’s Station 16.33 $100,301
13 Mount Juliet 16.33 $98,628
14 Jonesborough 16.33 $64,464
15 Oakland 17.67 $78,125
16 Fairview 18.0 $74,195
17 Lakeland 20.33 $102,025
18 Bartlett 20.67 $85,171
19 Millersville 25.33 $61,687
20 Maryville 25.33 $71,503
21 Atoka 25.67 $84,489
22 Collegedale 28.0 $64,042
23 Gallatin 28.67 $62,881
24 Munford 28.67 $77,420
25 Hendersonville 31.33 $78,067
26 Hartsville/trousdale County 31.67 $58,274
27 La Vergne 32.33 $67,102
28 Murfreesboro 32.33 $66,984
29 Goodlettsville 34.33 $63,245
30 Soddy-Daisy 34.33 $54,191
31 Alcoa 34.33 $55,440
32 Kingston 35.0 $65,508
33 Columbia 36.0 $50,892
34 Smyrna 37.0 $70,879
35 Lebanon 37.0 $60,582
36 Manchester 37.33 $47,092
37 Red Bank 38.33 $48,158
38 Nashville 39.0 $65,565
39 Portland 40.0 $59,407
40 Winchester 40.0 $51,870
41 Clinton 40.33 $52,991
42 Oak Ridge 41.33 $60,542
43 Tullahoma 42.33 $52,411
44 Pigeon Forge 42.33 $50,711
45 Sevierville 44.33 $45,073
46 Mount Carmel 45.0 $59,691
47 Ashland City 45.33 $62,772
48 Clarksville 46.0 $58,838
49 Church Hill 47.67 $66,652
50 Harriman 49.0 $40,980
51 Cleveland 50.0 $48,431
52 Lenoir City 50.67 $51,296
53 Milan 51.0 $46,661
54 Chattanooga 53.33 $50,437
55 East Ridge 54.33 $49,517
56 Dickson 55.33 $55,318
57 Erwin 56.0 $37,984
58 Mckenzie 57.0 $44,392
59 Shelbyville 57.33 $45,160
60 Greeneville 62.67 $45,933
61 Savannah 63.0 $37,057
62 Fayetteville 63.67 $43,547
63 Knoxville 64.67 $44,308
64 Johnson City 65.33 $47,242
65 Millington 65.33 $49,196
66 Paris 66.33 $35,958
67 Springfield 66.33 $50,655
68 Kingsport 67.0 $43,025
69 Jefferson City 69.67 $46,056
70 Lewisburg 70.33 $46,423
71 Lafayette 71.0 $35,580
72 Cookeville 71.33 $43,611
73 Dayton 71.33 $40,148
74 Athens 71.33 $42,283
75 Henderson 73.0 $43,542
76 Mcminnville 73.33 $37,562
77 Dunlap 73.67 $40,945
78 Bristol 73.67 $43,638
79 Madisonville 74.0 $33,835
80 Dyersburg 74.33 $45,974
81 Elizabethton 74.67 $39,927
82 Jackson 75.0 $44,778
83 Pulaski 77.0 $39,684
84 Sweetwater 77.33 $37,721
85 Memphis 78.0 $43,981
86 Martin 80.67 $37,487
87 Rockwood 81.0 $37,456
88 Crossville 81.67 $40,708
89 Lexington 82.0 $37,302
90 Union City 84.33 $36,042
91 Humboldt 84.33 $35,848
92 Morristown 85.33 $36,495
93 Covington 89.0 $32,205
94 Bolivar 91.33 $33,303
95 La Follette 91.67 $38,577
96 Brownsville 92.0 $35,395
97 Ripley 92.67 $35,634
98 Lawrenceburg 95.33 $33,463
99 Newport 97.33 $33,736

How Is The Area In ?

Editor’s Note: Data has been updated for 2023. This is our tenth time ranking the richest cities in Tennessee.

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.