Tennessee Quick Facts

Tennessee is more than panoramic views and high-powered entertainment. Let us surprise you.

In bustling cities and charming towns spread across three distinct regions, Tennessee offers a cost of living well below the national average. 

With our ideal location and growing economy, Tennessee offers an unmatched climate for your business to flourish.

From the mountains to the Mississippi, Tennessee boasts some of the country’s lowest housing costs and a skilled and dedicated workforce focused on perfection. Our business-friendly environment and history of innovation brings many of the worlds greatest brands to the Volunteer State. 

Get to know us. We think you’ll like us.

Economic Indicators

Metric Estimate Change from 1 Year Ago
Non-farm Employment (September 2015)   2,877,000   +46,700
Private Sector Employment (September 2015)   2,450,000   +251,000
Unemployment Rate (September 2015)   5.7%   -0.9%
Labor Force (September 2015)   3,043,046   +58,030
Personal Income (2015Q2)   $273.9 Million   +$8.7 Million*
Personal Income Per Capita (2015Q2)   $41,532   +$1,000*
Real GDP (2014)   $275.8 Billion   +$4.6 Billion
Exports (2014) $32,940,171,718  +2.0% 
New Business Entity Filings (2015Q2)   8,317   +9.9%
Population (2014)   6,549,352   +52,083
Population with High School Degree or Higher, ages 25-64 (2014)   3,036,070  +26,750
Population with Bachelor’s Degree or Higher, ages 25-64 (2014)   920,841  +20,675

*Inflation-Adjusted to 2015 dollars

Sources: Tennessee Department of Labor and Workforce Development; U.S. Bureau of Economic Analysis; U.S. Census Bureau; International Trade Administration, U.S. Department of Commerce; Tennessee Secretary of State


Overview

Tennessee ranks #1 in the U.S. for lowest state debt per capita (fiscal year 2011) Source: The Tax Foundation

Population (2013)

6,495,978

Total Area 41,235 square miles
Capital Nashville
Bordering States AL, AR, GA, KY, MS, MO, NC, VA
Time Zones Central and Eastern

Demographics

  Tennessee USA
Population, 2014 6,549,352 318,857,056
Population, 2010 6,346,275 308,758,105
Population, percent change, 2010 to 2014     3.20% 3.30%
Population by Age, 2014    
Under 5 years old 6.1% 6.2%
18-64 years old 62.2% 62.4%
65 years and older 15.1% 14.5%
Median Age, 2014 38.6 37.7
Civilian Veterans Age 18 Years and Older, 2014 450,313 19,259,717
Mean Travel Time to Work (Minutes), Workers Age 16 and Older, 2014 24.5 26
Population with High School Degree or Higher, Ages 25-64, 2014 3,036,070 147,867,747
Percentage of Population with High School Degree or Higher, Ages 25-64, 2014 88.3% 88.3%
Population with Bachelor's Degree or Higher, Ages 25-64, 2014 920,841 52,785,868
Percentage of Population with Bachelor's Degree of Higher, Ages 25-64, 2014 26.8% 31.5%

Source: US Census Bureau

Housing and Income

(in alphabetical order)

The percentage of Tennesseans working in the manufacturing sector is 1.3x the national average.

Source: US Bureau of Labor Statistics