Richest Cities In Tennessee For 2020


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

Editor’s Note: Data has been updated for 2020. This is our fifth time ranking the richest cities in Tennessee.

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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 2020. 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 97 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 2020.

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 2020

Nolensville, TN

Overall SnackAbility

9
/10

Population: 7,656
Rank Last Year: 1 (No Change)
Median Income: $124,572
Unemployment Rate: 1.8%
Poverty Rate: 1.0%
More on Nolensville: Real Estate | Data | Photos

Nolensville is a town in Williamson County, Tennessee. The population was 5,861 at the 2010 census.

Arlington, TN

Source: Public domain
Overall SnackAbility

7
/10

Population: 11,689
Rank Last Year: 2 (No Change)
Median Income: $101,186
Unemployment Rate: 2.1%
Poverty Rate: 2.2%
More on Arlington: Real Estate | Data | Photos

Arlington is a town in Shelby County, Tennessee. The population was 2,569 at the 2000 census and 11,517 at the 2010 census, for a gain of 348.3% during the decade. The 2010 US Census shows that Arlington is the 2nd fastest growing community in the State of Tennessee. It is one of seven municipalities in Shelby County.

Brentwood, TN

Source: Public domain
Overall SnackAbility

7.5
/10

Population: 41,987
Rank Last Year: 3 (No Change)
Median Income: $160,597
Unemployment Rate: 2.8%
Poverty Rate: 2.8%
More on Brentwood: Real Estate | Data | Photos

Brentwood is a suburb of Nashville, Tennessee; located in Williamson County, it is known for its rolling hills as well as being one of the wealthiest cities in America relative to average cost of living. The population was 37,060 as of the 2010 U.S. Census, and estimated at 40,982 in 2014.

Collierville, TN

Source: Public domain
Overall SnackAbility

9.5
/10

Population: 49,610
Rank Last Year: 6 (Up 2)
Median Income: $113,789
Unemployment Rate: 2.4%
Poverty Rate: 4.1%
More on Collierville: Real Estate | Data | Photos

Collierville is a town in Shelby County, Tennessee, United States, and a suburb located in the Memphis metropolitan area. The town had a population of 43,965 at the 2010 census.

Germantown, TN

Source: City Of Germantwon
Overall SnackAbility

7.5
/10

Population: 39,164
Rank Last Year: 5 (No Change)
Median Income: $116,585
Unemployment Rate: 3.3%
Poverty Rate: 2.3%
More on Germantown: Real Estate | Data | Photos

Germantown is a city in Shelby County, Tennessee, United States. The population was 38,844 at the 2010 census.

Farragut, TN

Overall SnackAbility

7.5
/10

Population: 22,260
Rank Last Year: 9 (Up 3)
Median Income: $106,032
Unemployment Rate: 2.9%
Poverty Rate: 3.1%
More on Farragut: Real Estate | Data | Photos

Farragut is a town which straddles both Knox and Loudon counties in Tennessee and is a suburb of Knoxville. The town's population was 20,676 at the 2010 census. It is included in the Knoxville Metropolitan Area. The town is named in honor of American Civil War Admiral David Farragut, who was born just east of Farragut at Campbell's Station in 1801.

Atoka, TN

Overall SnackAbility

9
/10

Population: 9,139
Rank Last Year: 10 (Up 3)
Median Income: $91,228
Unemployment Rate: 2.0%
Poverty Rate: 6.4%
More on Atoka: Real Estate | Data | Photos

Atoka is a town in Tipton County, Tennessee, United States. Historians and genealogists can trace Atoka's origins back to the 1838 charter of Portersville. Atoka adopted Portersville's charter as its own. World War I Medal of Honor recipient Sgt. Joseph B. Adkison lived in Atoka, and he is buried nearby.

Spring Hill, TN

Overall SnackAbility

6
/10

Population: 37,830
Rank Last Year: 7 (Down 1)
Median Income: $89,054
Unemployment Rate: 3.0%
Poverty Rate: 2.8%
More on Spring Hill: Real Estate | Data | Photos

Spring Hill is a city in Maury and Williamson counties, Tennessee, located approximately 30 miles south of Nashville. Spring Hill's population as of 2014 was 34,269.

Lakeland, TN

Source: Public domain
Overall SnackAbility

7
/10

Population: 12,628
Rank Last Year: 8 (Down 1)
Median Income: $101,169
Unemployment Rate: 3.3%
Poverty Rate: 4.7%
More on Lakeland: Real Estate | Data | Photos

Lakeland is a city in Shelby County, Tennessee, and a suburb of Memphis. The population was 12,430 at the 2010 census.

Mount Juliet, TN

Overall SnackAbility

9
/10

Population: 32,882
Rank Last Year: 13 (Up 3)
Median Income: $84,678
Unemployment Rate: 2.7%
Poverty Rate: 7.7%
More on Mount Juliet: Real Estate | Data | Photos

Mt. Juliet is a city located in western Wilson County, Tennessee. A suburb of Nashville, it is approximately 17 miles east of downtown Nashville. Mt. Juliet is located mostly between two major national east-west routes, Interstate 40 and U.S. Route 70. As of the 2015 special census, the city has a total population of 28,156. Mt. Juliet is the largest city in Wilson County. The official city charter has the name listed as Mt. Juliet, however the United States Postal Service lists the name as Mount Juliet.

How We Determined The Richest Places In Tennessee For 2020

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 2014-2018 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 97 places with more than 5,000 people in Tennessee, we ranked each place from 1 to 97 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 2020". 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 97 places.

There You Have It - The Wealthiest Places In Tennessee For 2020

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: Erwin
3rd Poorest: La Follette

For more Tennessee reading, check out:

Detailed List Of The Richest Cities In Tennessee

Rank City RichScore Median Income
1 Nolensville 1.67 $124,572
2 Arlington 4.67 $101,186
3 Brentwood 5.0 $160,597
4 Collierville 6.0 $113,789
5 Germantown 7.33 $116,585
6 Farragut 7.33 $106,032
7 Atoka 8.33 $91,228
8 Spring Hill 9.33 $89,054
9 Lakeland 11.33 $101,169
10 Mount Juliet 12.0 $84,678
11 Signal Mountain 13.0 $104,933
12 Jonesborough 15.0 $53,330
13 Franklin 15.33 $94,808
14 Fairview 15.33 $65,315
15 Millersville 16.0 $68,611
16 White House 16.33 $73,738
17 Bartlett 17.0 $83,746
18 Oakland 17.0 $72,276
19 Hendersonville 20.67 $69,424
20 Manchester 23.67 $49,383
21 Gallatin 24.67 $55,825
22 Collegedale 25.67 $55,567
23 Kingston 28.33 $49,025
24 Smyrna 28.33 $59,904
25 Maryville 29.67 $59,407
26 Goodlettsville 30.67 $60,220
27 Winchester 32.33 $45,698
28 Nashville 33.33 $55,873
29 Portland 34.33 $55,829
30 Dunlap 34.67 $44,773
31 Murfreesboro 35.0 $58,391
32 Greenbrier 35.0 $52,436
33 La Vergne 35.0 $60,902
34 Lebanon 36.33 $51,307
35 East Ridge 37.0 $44,428
36 Dickson 37.33 $43,165
37 Soddy-Daisy 38.0 $44,803
38 Pigeon Forge 39.33 $38,659
39 Clinton 39.33 $45,009
40 Mount Carmel 40.0 $49,708
41 Munford 41.33 $73,364
42 Oak Ridge 43.33 $53,395
43 Alcoa 44.67 $42,255
44 Columbia 44.67 $44,343
45 Red Bank 45.0 $41,671
46 Clarksville 45.0 $53,007
47 Sweetwater 46.0 $40,077
48 Loudon 47.0 $40,441
49 Tullahoma 48.33 $44,096
50 Church Hill 48.33 $43,542
51 Sevierville 50.33 $40,780
52 Hartsville/trousdale County 52.33 $52,864
53 Cleveland 53.33 $42,400
54 Springfield 54.33 $46,757
55 Chattanooga 54.33 $43,964
56 Elizabethton 56.0 $36,174
57 Humboldt 57.33 $34,928
58 Bristol 58.0 $40,477
59 Millington 58.33 $52,324
60 Shelbyville 60.0 $39,665
61 Johnson City 60.0 $40,786
62 Lenoir City 60.33 $38,852
63 Jackson 61.0 $41,606
64 Kingsport 62.67 $40,100
65 Milan 64.33 $39,167
66 Greeneville 65.33 $34,296
67 Jefferson City 66.0 $36,135
68 Knoxville 66.33 $37,703
69 Pulaski 67.67 $33,153
70 Lewisburg 69.0 $40,736
71 Paris 69.33 $33,743
72 Fayetteville 69.67 $34,805
73 Lafayette 70.0 $31,510
74 Lexington 71.67 $43,288
75 Martin 72.0 $32,662
76 Cookeville 72.33 $36,341
77 Dyersburg 74.0 $36,797
78 Memphis 75.33 $39,108
79 Harriman 75.67 $30,756
80 Rockwood 77.67 $33,039
81 Brownsville 78.33 $31,910
82 Mckenzie 80.0 $33,304
83 Union City 81.0 $33,461
84 Henderson 81.67 $36,344
85 Morristown 82.33 $32,386
86 Lawrenceburg 82.67 $31,973
87 Bolivar 83.67 $35,442
88 Covington 84.0 $29,311
89 Mcminnville 84.0 $32,320
90 Crossville 84.67 $30,467
91 Savannah 86.67 $35,059
92 Athens 87.33 $29,525
93 Dayton 89.0 $31,208
94 Ripley 90.67 $31,209
95 La Follette 92.67 $27,903
96 Erwin 93.33 $29,369
97 Newport 96.0 $23,500

How Is The Area In ?

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.

4 thoughts on “Richest Cities In Tennessee For 2020

  1. Brentwood is not a suburb of Nashville. It just borders Nashville but stands completely separate from Nashville. Antioch, Hermutage, and Bellevue are all suburbs of Nashville. They are all part of Nashville metro. However, Brentwood is a different city in a different county with a different government.

    1. Splitting hairs aren’t we…. definition of suburb A suburb is a mixed-use or residential area, existing either as part of a city or urban area or as a separate residential community within commuting distance of a city. … Suburbs tend to proliferate around cities that have an abundance of adjacent flat land.

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