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
Methodology: How We Determined The Richest Places In Tennessee For 2023
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:
2nd Poorest: Lawrenceburg
3rd Poorest: Ripley
For more Tennessee reading, check out:
- Best Places To Raise A Family In Tennessee
- Worst Places To Live In Tennessee
- Best Places To Live In Tennessee
Detailed List Of The Richest Cities In Tennessee