Tennessee Economic Overview
Key economic indicators for Tennessee (TN). Population: 6,910,840.
Unemployment Rate
3.2%
Below national avg (~4.2%)
Median Annual Wage
$48,000
Source: Census ACS / BLS
Wage Growth (YoY)
+3.5%
Year-over-year change
Population
6.9M
Source: 2020 Census
About the Tennessee Economy
Tennessee has an unemployment rate of 3.2%, which is below the national average. The median annual wage is $48,000, with wages growing at 3.5% year-over-year. With a population of 6,910,840, Tennessee is the a mid-size state economy in the U.S.