Arlington, Brentwood, Signal Mountain: These cities aren’t just some of the best places to live in Tennessee. They are also home to some of the richest people in the Volunteer State.
Arlington in particular houses the richest residents in the state thanks, in part, to a median household income of $97,500 and a ridiculously low poverty rate of 2.6%.
If you’re thinking of moving to one of these towns, you’ll probably need to start saving. The richest places in Tennessee share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.
After analyzing Census data from the 2010-2014 American Community Survey for the 105 places in Tennessee with more than 5,000 people, we were left with this set of the ten richest places in the Volunteer State:
- Signal Mountain
- Green Hill
- Spring Hill
For more on how we calculated the top ten, read on or skip to the end for the full list. Oh, and the poorest place in Tennessee? That would be Ripley.
How We Determined The Richest Places In Tennessee
The first thing that comes to most people’s minds when they think about determining the richest places is simply how much people earn. After all, rich people have really high salaries.
However, we don’t think 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 2010-2014 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 105 places with more than 5,000 people in Tennessee, we ranked each place from 1 to 105 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, Arlington, crowned the “Richest Place In Tennessee”.
You can learn more about the top ten below or skip to the end to see the rankings for all 105 places.
Population: 11,623Median Income: 9750000.0%
Poverty Level: 2.6%
Unemployment Rate: 2.3%
Population: 39,059Median Income: 13839500.0%
Poverty Level: 2.8%
Unemployment Rate: 4.0%
3. Signal Mountain
Population: 8,416Median Income: 9709200.0%
Poverty Level: 2.0%
Unemployment Rate: 3.1%
Population: 39,207Median Income: 11016900.0%
Poverty Level: 4.0%
Unemployment Rate: 4.2%
5. Green Hill
Population: 6,667 Median Income: 7140200.0%
Poverty Level: 2.1%
Unemployment Rate: 3.0%
6. Spring Hill
Population: 31,467Median Income: 7684000.0%
Poverty Level: 3.2%
Unemployment Rate: 3.6%
Population: 21,111Median Income: 10471500.0%
Poverty Level: 3.7%
Unemployment Rate: 5.4%
Population: 46,780Median Income: 10678300.0%
Poverty Level: 3.3%
Unemployment Rate: 6.2%
Population: 6,131Median Income: 10298200.0%
Poverty Level: 4.3%
Unemployment Rate: 4.3%
Population: 12,549Median Income: 9162000.0%
Poverty Level: 4.9%
Unemployment Rate: 4.6%
There You Have It – The Richest Places In Tennessee
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 TN, according to data:
2nd Poorest: La Follette
3rd Poorest: Newport
For more Tennessee reading , check out:
- These Are The 10 Best Places To Live In Tennessee
- 41 Photos of Tennessee That Will Make You Want to Move There
- If You’re From Tennessee This Will Be A Highlight Of Your Day. No Doubt.
Detailed List Of Richest Places In Tennessee