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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.
At the end of the day, here's the set of the 10 richest places in Tennessee for 2020:
- Nolensville (Photos | Homes For Sale)
- Arlington (Photos | Homes For Sale)
- Brentwood (Photos | Homes For Sale)
- Collierville (Photos | Homes For Sale)
- Germantown (Photos | Homes For Sale)
- Farragut (Photos | Homes For Sale)
- Atoka (Photos | Homes For Sale)
- Spring Hill (Photos | Homes For Sale)
- Lakeland (Photos | Homes For Sale)
- Mount Juliet (Photos | Homes For Sale)
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 is a town in Williamson County, Tennessee. The population was 5,861 at the 2010 census.
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 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 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 is a city in Shelby County, Tennessee, United States. The population was 38,844 at the 2010 census.
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 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 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 is a city in Shelby County, Tennessee, and a suburb of Memphis. The population was 12,430 at the 2010 census.
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
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:
2nd Poorest: Erwin
3rd Poorest: La Follette
For more Tennessee reading, check out:
- Best Places To Live In Tennessee
- Best Places To Raise A Family In Tennessee
- Safest Places In Tennessee
Detailed List Of The Richest Cities In Tennessee