Nashville isn’t just the nation’s new “it” city. Tennessee’s capital is also now the state’s largest city as more and more people have begun to call it home. The latest census figures were released at the end of May, showing Nashville’s recent boom allowed it to outgrow Memphis, replacing it as the country’s 24th largest city.
So what are the numbers? The 2016 population for Music City came in at 660,338 versus Memphis’s 652,717—a difference of 7,671 residents. Total population is expected to increase by 40 percent through 2046, according to a recent report by the Wall Street Journal.
Nashville isn’t the only Middle Tennessee town seeing an influx of new people. For the second year in a row, Murfreesboro has been ranked one of the nation’s 15 fastest-growing large cities, with a 4.7 percent population increase last year.
Don’t expect things to slow down for Music City anytime soon. Tennessee’s business filings increased during the first quarter of 2017, with Davidson County seeing the largest number of new business filings at 2,395.
The state’s employment growth also outpaced the rest of the country at 2.2 percent in March, and in the aftermath of the Great Recession, Nashville has shown the highest employment growth in the state. A recent report by the Wall Street Journal forecast the Nashville area will continue to add jobs, predicting 25,600 new jobs in 2018, followed by 20,000 new jobs in both 2019 and 2020.
As more people seek to make a life in Nashville, our city’s REALTORS® are in a unique position to help those new residents find the right neighborhoods and the right homes to meet their specific needs. If you’re looking to be at the top of their list of most desirable real estate agents, then you may be a fit for the Benchmark team. Take our quick online assessment and learn more today.
1. US News: https://www.usnews.com/news/best-states/tennessee/articles/2017-05-26/nashville-overtakes-memphis-as-tennessees-largest-city
2. USA Today: https://www.usatoday.com/story/news/2017/05/25/nashville-overtakes-memphis-tennessees-largest-city/342624001/
3. The Tennessean: http://www.tennessean.com/story/money/2017/05/15/tennessee-economic-growth-outpaces-nation/322536001/
4. The Tennessean: http://www.tennessean.com/story/money/2017/05/17/nashville-employment-soars-post-recession-period-wsj-reports/327822001/