Job Market
| Nashville-Davidson, TN | Memphis, TN | |
|---|---|---|
| Current Unemployment | 4.5% | 8.0% |
| Future Job Growth | 48.3% | 36.6% |
| Recent Job Growth | -5.8% | -5.9% |
| 3 Yr. Job Growth | -0.9% | -3.3% |
Moreover, What is the job market like in Nashville TN? Nashville has the music, the culture and now the jobs. Nashville continues to be the “it city” with now the second-strongest job market in the nation, according to an analysis from The Wall Street Journal and Moody’s Analytics.
Where are the most jobs in Tennessee?
Detailed List Of The Hottest Job Markets In Tennessee
| Rank | Place | Unemployment Rate |
|---|---|---|
| 1 | Brentwood | 2.76% |
| 2 | Spring Hill | 3.01% |
| 3 | Goodlettsville | 5.4% |
| 4 | Arlington | 2.1% |
• Jan 8, 2020
Likewise, Why is Nashville booming? He stated, “The city is growing, the economy is almost recession-proof (healthcare, government and higher education are three of our biggest employers), the music and creative vibe makes Nashville cool for young people, the weather is great — you an go on and on.” And he’s not wrong.
What trade is in highest demand? What Trades Are Always in Demand? According to the Bureau of Labor Statistics, solar energy systems installers, respiratory therapists, ultrasound technologists, aircraft technicians, and construction managers are seeing the highest growth rate percentage from 2020 to 2030.
Why is Nashville the best?
Beyond entertainment, Nashville is known for having incredible sports teams, great schools, a solid economy, nationally recognized music and an affordable cost of living. In fact, Nashville maintains its status as one of the top places to live in America according to U.S. News.
What are popular jobs in Tennessee?
The retail salesperson (88,980) and cashiers (76,290) were the largest occupations in employment. The highest wages in sales occupations were found to be first-line supervisors of non-retail sales workers ($69,990), real estate brokers ($80,017), and sales engineers ($92,252).
Where is the best place to live and work in Tennessee?
In 2017, the town of Brentwood was ranked as “The #1 Best Place to Live in Tennessee,” and the “21st Best Place to Live in America.” With a current population of around 42,000 people, this Nashville suburb is continually growing.
Is Tennessee good state for jobs?
1 in the economy category overall – places second in this subcategory, followed by Massachusetts, Idaho and Virginia. Learn more about the Best States for employment below.
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Employment Rankings.
| Rank | 13 |
|---|---|
| State | Tennessee Tennessee |
| Job Growth | 5 |
| Labor Force Participation | 39 |
| Low Unemployment Rate | 23 |
What’s a good salary in Tennessee?
As of Jul 28, 2022, the average annual pay for the Comfortable jobs category in Tennessee is $42,058 a year. Just in case you need a simple salary calculator, that works out to be approximately $20.22 an hour. This is the equivalent of $809/week or $3,505/month.
What is the most common job in Nashville?
Medical secretaries and administrative assistants.
What is upper class in Tennessee?
The average income of the top 20% comes in at $172,622. For the top 5%, the average income is $335,653. In Music City, the lowest income to be considered “rich” (Top 20%) is $115,609. The average income of the top 20% comes in at $212,201.
What do I need to make to live in Nashville?
A 2018 study by GoBankingRates found Nashville residents need to make $85,000 a year to “live comfortably,” $34,000 more than the city’s median income.
How much do I need to make to live comfortably in Nashville?
The recommended salary in Nashville is $4,323 per month or $51,876 annually. This total reflects a salary that would allow a renter to live comfortably and afford to cover the median rent for a one-bedroom apartment in Nashville which sits at $1,297.
Is it worth moving to Nashville?
Best known as the “Capital City of Country Music,” Nashville is home to many musicians and aspiring artists. With a growing job market, a booming craft beer scene, and some of the best food and entertainment in the country, it is no surprise that moving to Nashville, Tennessee is a dream come true for many.
What is upper class in Nashville?
In Nashville, you’ll need to earn $115,609 or more to be considered a “rich” person in the top 20% of the city’s 663,750 residents. The ultra-rich, or the top 5% of earners in Nashville, make way more: $393,014 on average, according to the analysis.
How much do I need to make to live in Nashville?
A 2018 study by GoBankingRates found Nashville residents need to make $85,000 a year to “live comfortably,” $34,000 more than the city’s median income.
What is the average cost of living in Nashville TN?
Nashville-Davidson cost of living is 101.4
| COST OF LIVING | Nashville-Davidson | Tennessee |
|---|---|---|
| Health | 96.7 | 101.9 |
| Housing | 113.3 | 71.2 |
| Median Home Cost | $341,700 | $231,600 |
| Utilities | 99.3 | 96.7 |
Where should I not live in Nashville?
It is recommended that tourists avoid the following neighborhoods in Nashville:
- West Meade.
- Heron Walk.
- Talbot’s Corner.
- Glencliff.
- Bordeaux.
What salary makes rich?
The average net worth needed to be considered wealthy and to be financially comfortable both rose from last year’s survey. In 2021, Americans said they needed $624,000 in net assets to live comfortably, while it would take $1.9 million to be rich.
What is a good salary in Tennessee?
How much does a Comfortable make in Tennessee? As of Aug 2, 2022, the average annual pay for the Comfortable jobs category in Tennessee is $42,058 a year. Just in case you need a simple salary calculator, that works out to be approximately $20.22 an hour. This is the equivalent of $809/week or $3,505/month.
What salary is rich?
For high earners, a three-person family needed an income between $106,827 and $373,894 to be considered upper-middle class, Rose says. Those who earn more than $373,894 are rich.
Is living in Nashville worth it?
Compared to other cities in the United States, Nashville was ranked number 23 out of 75 when comparing high costs of living. While the city is still relatively affordable, in 2019 it was ranked as more expensive to live in than Dallas, Baltimore, and Atlanta. Residents spend the most money on rent and food.
Why are people moving to Nashville?
He stated, “The city is growing, the economy is almost recession-proof (healthcare, government and higher education are three of our biggest employers), the music and creative vibe makes Nashville cool for young people, the weather is great — you an go on and on.” And he’s not wrong.
What should I know before moving to Nashville?
10 Things You Need to Know Before Moving to Nashville
- The cost of living is lower than the national average. …
- Your money will go further in Nashville when it comes to apartments. …
- The live music scene is vibrant. …
- Hot chicken is an absolute must. …
- Prepare for the Southern heat. …
- Make sure to budget for transportation expenses.
What are the pros and cons of living in Nashville?
Living in Nashville: Pros and Cons
- Pro: Low Unemployment Rate. …
- Con: Public Transportation Could Be Better. …
- Pro: Unbeatable Music Scene. …
- Con: Intense Seasonal Allergies. …
- Pro: Lots of Great Coffee Shops. …
- Con: Lots of Traffic. …
- Pro: Lower Cost of Living Than Other Major Cities. …
- Pro: Excellent Nightlife.
Why is Nashville rent so high?
Two major contributors to the increase are limited supply of rental units and the number of high-income households entering the rental market. A recent study by Nashville-based Apartment Insiders found the incomes for the average renter in the city had grown 25% over the last year to $70,000.
What to know before moving to Nashville?
10 Things You Need to Know Before Moving to Nashville
- The cost of living is lower than the national average. …
- Your money will go further in Nashville when it comes to apartments. …
- The live music scene is vibrant. …
- Hot chicken is an absolute must. …
- Prepare for the Southern heat. …
- Make sure to budget for transportation expenses.
How much do you need to live in Nashville?
Cost-of-living increases have hit Nashville for years. A 2018 study by GoBankingRates found Nashville residents need to make $85,000 a year to “live comfortably,” $34,000 more than the city’s median income.
