Nashville has experienced the 2nd highest growth of any city since 2020, with a growth rate of 24.4%, just behind Austin, which has a growth rate of 25.5%. The 16 states that make up the entire region, per BofA, accounted for 39% of the entire US population as of 2022.

Source: City Growth Statistics & Best Economy is the South

Tennessee's job market is robust, boasting an unemployment rate of 3.30%. The South has the highest job openings rate and the lowest unemployment rate of any region, per BofA.

In September 2023, Tennessee's private sector employment grew by 5.9%, surpassing the national average of 2.0%.

Source: Tennessee Department of Labor and Workforce Development

Mega businesses are choosing Tennessee as their home due to friendly tax and business laws, along with an abundance of land.

Notable companies that have made Tennessee their home include Amazon, Oracle, Ford Motor Co., In N Out, Smith & Wesson, Under Armour, and more.

Source: Tennessee Department of Economic and Community Development

Tennessee maintains some of the lowest property tax rates in the country.

The state has witnessed impressive equity growth rates, with an increase of approximately 151% over the past decade, averaging a staggering 15% per year.

Source: Tennessee Tribune