Regional Stats

Midtnregion

The Nashville Chamber economic development team is dedicated to providing site selectors and businesses with all of the information they need when considering relocating to or expanding their businesses in the Nashville area. The Nashville Area Chamber of Commerce's research team regularly reviews and reports on regional economic and demographic trends. 

Click here for an overview of the Nashville Region in our 2023 Nashville Regional Economic Development Guide.

In this section, you will find current Nashville-area data and trends in the categories below. You can also add specific content to our create a custom data report.

For more information or assistance with your site selection process, please contact a member of our economic development team.

Demographics

Population

(SOURCE: U.S. CENSUS BUREAU, ANNUAL ESTIMATES OF RESIDENT POPULATION, 2022)
Geography2016201720182019202020212022
Nashville MSA1,865,2981,903,0451,930,9611,934,3171,961,2322,012,4761,989,519
Nashville Economic Market1,971,5422,010,3492,042,1872,072,5892,104,0692,167,9172,208,412
Davidson County684,410691,243692,587694,144694,176703,953708,144

Age

NASHVILLE MSA (SOURCE: U.S. CENSUS BUREAU, AMERICAN COMMUNITY SURVEY, 2022 1-YEAR ESTIMATES)
Age groupPercent of
total population
0-1924.6%
20-3422.2%
35-5426.8%
55-7420.9%
75+5.5%

Race and Ethnicity

NASHVILLE MSA (SOURCE: U.S. CENSUS BUREAU, AMERICAN COMMUNITY SURVEY, 2022 1-YEAR ESTIMATES)
Race or EthnicityPercent of
total population
White71.1%
Black or African American14.4%
American Indian/Alaska Native0.2%
Asian3.0%
Native Hawaiian and Other Pacific Islander0.0%
Other or Two or More Races2.6%
Hispanic or Latino (of any race)8.3%

Migration

NASHVILLE MSA (SOURCE: U.S. CENSUS BUREAU, ESTIMATES OF THE COMPONENTS OF RESIDENT POPULATION CHANGE, 2022)
2013201420152016201720182019202020212022
Net migration21,43823,92226,06225,35824,21821,31719,85627,77710,72029,918


Workforce

Employment and Average Wages

NASHVILLE MSA (SOURCE: CHMURA, 2023,Q1)
Industry2023 Nashville JobsNashville Average Annual Wages2023 National JobsUS Average Annual Wages
Accommodation and Food Services107,675$30,653
13,927,189$28,214
Administration and Support and Waste Management and Remediation Services 85,470
$52,037
10,467,029$53,371
Agriculture, Forestry, Fishing and Hunting6,406
$15,799
2,118,783$46,332
Arts, Entertainment, and Recreation25,384
$92,289
3,177,183$46,632
Construction68,848
$74,475
9,648,245$68,359
Educational Services71,383$56,853
12,923,227$59,876
Finance and Insurance50,557$117,765
6,509,845$127,542
Public Administration48,383
$64,216
7,440,453$77,507
Health Care and Social Assistance 146,768
$74,109
23,361,263$63,084
Information28,895
$104,737
3,318,020$135,099
Management of Companies and Enterprises27,445
$131,875
2,523,537$142,728
Manufacturing86,386$71,719
13,133,395$79,421
Other Services (except Public Administration)53,254
$39,955
6,971,961$41,045
Professional, Scientific, and Technical Services83,767$105,76911,988,722$112,991
Real Estate and Rental and Leasing20,599$79,159
2,883,942$72,937
Retail Trade106,000
$44,316
16,197,493$41,600
Transportation and Warehousing75,632
$59,451
8,053,097$60,984
Utilities4,291
$98,321
818,790$111,756
Wholesale Trade43,058$95,037
6,120,818$95,252

Unemployment Rate

(SOURCE: U.S. BUREAU OF LABOR STATISTICS, LOCAL AREA UNEMPLOYMENT STATISTICS)
Geography2013201420152016201720182019202020212022
Nashville MSA6.25.24.53.82.92.72.67.03.82.7
Nashville Economic Market6.25.34.63.83.02.82.76.64.02.8
Davidson County5.95.04.33.62.82.62.58.34.42.8

Workforce Educational Attainment

NASHVILLE MSA (SOURCE: U.S. CENSUS BUREAU, AMERICAN COMMUNITY SURVEY, 2022 1-YEAR ESTIMATES)
Education level achievedPercent of
total population
Less than 9th grade2.9%
9th to 12th grade, no diploma4.7%
High school graduate (includes equivalency)25.3%
Some college, no degree18.8%
Associate's degree7.2%
Bachelor's degree26.5%
Graduate or professional degree14.6%
Total Population 25 years and over100%

Employed Workforce by Industry

NASHVILLE MSA (SOURCE: TN DEPARTMENT OF LABOR AND WORKFORCE DEVELOPMENT, LABOR FORCE AND NON-FARM EMPLOYMENT ANNUAL AVERAGES, 2018-2022)
Industry2013201420152016201720182019202020212022
Total-Non-agriculture employment808,300876,400914,600949,900982,0001,012,1001,047,9001,000,2001,053,3001,123,100
Manufacturing71,10077,900118,300122,400127,60084,10084,80078,60082,40086,100
Trade, Transportation, Utilities160,300172,900176,100181,500187,200194,200202,100198,700210,300221,600
Information20,40020,70021,60022,80023,40023,40024,70023,90026,20031,400
Financial Activities50,90056,20059,60062,80066,10068,20071,40070,50072,50076,100
Professional & Business Services121,500134,400146,900155,300160,200166,000176,400169,500181,400196,400
Education & Health Services127,200135,800140,800145,600149,200152,700154,900151,900157,900164,200
Leisure & Hospitality88,00095,000100,400105,500110,800116,400121,80097,400107,200122,600
Government103,500111,300113,400114,800116,700118,700119,700119,700119,400121,200

Business Climate

Davidson County Economic Diversity

(SOURCE: U.S. CENSUS BUREAU, 2021 COUNTY BUSINESS PATTERNS)
Industry2021
Establishments
2021
Employment
Total21,052445,200
Forestry, fishing, hunting, and agriculture support614
Mining6100
Utilities13259
Construction1,37024,427
Manufacturing54920,704
Wholesale Trade1,05020,470
Retail Trade2,61038,673
Transportation & Warehousing62427,135
Information69911,255
Finance & Insurance1,29925,384
Real estate & rental & leasing1,2368,455
Professional, scientific & technical services2,25527,105
Management of companies & enterprises24522,905
Admin, support, waste mgt, remediation services1,20333,820
Educational services30323,372
Health care and social assistance2,27689,233
Arts, entertainment & recreation9749,450
Accommodation & food services2,34944,563
Other services (except public administration)1,96217,842
Unclassified establishments2334

Nashville MSA Economic Diversity

(SOURCE: U.S. CENSUS BUREAU, 2021 COUNTY BUSINESS PATTERNS)
Industry2021

Establishments

2021
Employment
Total47,674883,530
Forestry, fishing, hunting, and agriculture support37216
Mining37798
Utilities441,152
Construction4,12048,479
Manufacturing1,52875,672
Wholesale trade2,09538,528
Retail trade6,41099,970
Transportation & warehousing1,52154,577
Information1,28320,625
Finance & insurance3,28550,610
Real estate & rental & leasing2,48014,526
Professional, scientific & technical services4,78148,261
Management of companies & enterprises48442,529
Admin, support, waste mgt, remediation services2,81567,954
Educational services62628,806
Health care and social assistance5,215146,858
Arts, entertainment & recreation1,57714,954
Accommodation & food services4,75291,568
Other services (except public administration)4,53137,387
Unclassified establishments53
60

Housing & Income

Age of Housing Structures

NASHVILLE MSA (SOURCE: U.S. CENSUS BUREAU, AMERICAN COMMUNITY SURVEY, 2022 1-YEAR ESTIMATES)
Year BuiltNumber of UnitsPercent of total units
Built 2020 or Later39,7124.8%
Built 2010 to 2019159,65519.2%
Built 2000 to 2009152,40318.3%
Built 1980 to 1999229,17127.6%
Built 1960 to 1979157,00318.9%
Built 1940 to 195960,7537.3%
Built 1939 or earlier32,6503.9%
Total Housing Units831,347100.0%

Per Capita and Household Income

NASHVILLE MSA (SOURCE: U.S. BUREAU OF ECONOMIC ANALYSIS, CAINC1, 2019; U.S. CENSUS BUREAU, AMERICAN COMMUNITY SURVEY, 2022 1-YEAR ESTIMATES)
2013201420152016201720182019202020212022
Per Capita Income$45,825$47,392$50,635$52,450$55,382$57,953$61,516$63,891$70,507$74,035
Median Household Income$51,996$52,640$57,985$60,030$63,939$65,919$70,262$68,406$72,725$80,034
Average Household Income$71,471 $74,288$79,665$82,049$87,562$89,756$96,579$93,607$102,346$108,569

Cost of Living

Cost of Living Comparison

(SOURCE: C2ER cost of living, 2022 ANNUAL averages)
CityCost of Living
Index
U.S. Average = 100
New York City227.7
San Francisco178.6
Los Angeles
150.6
Seattle149.9
Boston149.7
Chicago120.3
Denver110.5
Phoenix104.3
Atlanta 101.6
Austin101.0
Tampa 99.8
Charlotte97.9
Nashville97.8
Raleigh96.1
Indianapolis92.5


Tax Burden Comparisons

(SOURCE: DISTRICT OF COLUMBIA DEPT. OF FINANCE, 2021 Tax Rates and tax burdens: A Nationwide comparison)
CityAverage tax burden
Annual Household
Income of $75,000
Nashville$4,815
Birmingham$7,123
Kansas City$8,885
Charlotte$6,979
Louisville$9,734
Atlanta$7,642
Los Angeles$8,617
Indianapolis$8,334

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