Ever wondered where Tennessee’s wealthiest call home? Many of them live in the affluent suburbs of Nashville, while others have chosen to settle in the wealthy areas near Memphis and Knoxville. Here are the richest cities in Tennessee.
Richest Cities in Tennessee
1. Belle Meade, TN
Belle Meade is the richest city in Tennessee with an impressive mean income of $434,848. It is also the most expensive place in Tennessee to buy a house with a median home price of $3,023,374.
Located in Davidson County, Belle Meade is known for its luxurious homes and large estates, as well as its equestrian community.
The wealthy Tennessee city has a population of 2,901, with 24.8% of the population being children under 18 and 18.2% seniors.
As expected, most of the wealthy residents at Belle Meade are homeowners a 96.3% of owner-occupied homes.
Belle Meade is a rich suburb of Nashville, located just 21 minutes from downtown.
| Median Home Price | $3,023,374 |
| Mean Income | $434,848 |
Check out the Best Suburbs of Nashville
2. Forest Hills, TN
Forest Hills is the second richest city in Tennessee with a mean income of $324,056. It’s also the second most expensive place to buy a house in Tennessee with a median home price of $2,111,001.
Located in Davidson County, Forest Hills is a sought-after wealthy suburb of Nashville known for as a quiet and upscale residential community.
Forest Hills has a population of 5,038, with 23.4% being children under 18 and 20.8% seniors.
| Median Home Price | $2,111,001 |
| Mean Income | $324,056 |
3. Oak Hill, TN
Oak Hill is one of the richest cities in Tennessee with a mean income of $307,995 and home to some of the most expensive properties in the Nashville suburb with a median home price of $2,090,660.
Oak Hill is a rich suburb of Nashville, located just an easy 14 minute drive to downtown.
The affluent Tennessee city has a population of 4,891, with 22.8% being children under 18 and 23.9% seniors.
| Median Home Price | $2,090,660 |
| Mean Income | $307,995 |
4. Brentwood, TN
Brentwood is one of the wealthiest cities in Tennessee with a mean income here is $226,727.
It is an affluent Tennessee city known for its luxurious homes with a median home price of $1,220,442.
Brentwood is a rich suburb of Nashville, located just 17 minutes from downtown.
Brentwood has a substantial population of 45,373, with 28.8% being children under 18 and 14.1% seniors.
Brentwood is one of the best suburbs of Nashville known for its excellent schools, upscale shopping, and family-friendly community.
| Median Home Price | $1,220,442 |
| Mean Income | $226,727 |
5. Piperton, TN
Piperton is the richest suburb of Memphis with a mean income here is $170,305 and a median home price of $649,255.
Located 34 minutes from downtown Memphis, it is known for having large homes in a peaceful, rural setting.
Piperton has a population of 2,263, with 13.1% being children under 18 and 24.9% seniors.
| Median Home Price | $649,255 |
| Mean Income | $170,305 |
6. Germantown, TN
Germantown is one of the wealthiest cities in Tennessee with a mean income of $180,764.
Germantown is a rich suburb of Memphis, located just 27 minutes from downtown with a median home price of $473,438
Germantown has a population of 41,333, with 26.5% being children under 18 years old and 21.3% seniors.
The affluent Tennessee city is also known for its upscale shopping and dining experiences.
| Median Home Price | $473,438 |
| Mean Income | $180,764 |
7. Nolensville, TN
Nolensville is one of the wealthiest cities in Tennessee with a median home price of $850,818 and a mean income of $159,360.
Located 32 minutes from Nashville, Nolensville is an affluent suburb of Nashville known for its charming downtown area and historic homes. It is one of the best places to live near Nashville.
Nolensville has a population of 13,829, with 32.8% being children under 18 and 5.9% seniors.
| Median Home Price | $850,818 |
| Mean Income | $159,360 |
8. Farragut, TN
Farragut is an affluent city in Tennessee with a mean income of $156,351 and a median home price of $665,323.
Farragut is a wealthy suburb of Knoxville, located just 21 minutes from downtown Knoxville.
Farragut is known for its top-rated schools and family-friendly community.
Farragut has a population of 23,506, with 20.9% being children under 18 and 22.2% seniors.
| Median Home Price | $665,323 |
| Mean Income | $156,351 |
9. Collierville, TN
Collierville is an affluent suburb of Memphis with a mean income of $153,438 and a median home price of $520,659.
Located 29 minutes from Memphis, Collierville is known for its historic downtown area and high-end shopping and dining options.
Collierville has a population of 51,324, with 26.4% being children under 18 and 14.4% seniors.
| Median Home Price | $520,659 |
| Mean Income | $153,438 |
10. Franklin, TN
Franklin is another wealthy suburb of Nashville with a median home price of $747,238 and a mean income of $137,005.
Franklin is a big city with a population of 83,454, with 22.9% being children under 18 and 14.6% seniors.
Franklin is known for its historic Main Street, charming downtown area, lively festivals and thriving arts scene. It is one of the best places to live in Tennessee.
| Median Home Price | $747,238 |
| Mean Income | $137,005 |
11. Thompson’s Station, TN
Thompson’s Station is one of the richest Nashville suburbs with a median home price of $708,980 and a mean income of $122,280.
Located 35 minutes from Nashville, it is one of the best Nashville suburbs for families. It’s known for having great schools and a family friendly community.
Thompson’s Station has a population of 7,485, with 28.1% being children under 18 and 10.3% seniors.
| Median Home Price | $708,980 |
| Mean Income | $122,280 |
12. Mount Juliet, TN
Mount Juliet is one of the wealthiest Nashville suburbs with a mean income of $129,073 and a median home price of $530,149.
Mount Juliet is known for its lakefront properties and easy access to Nashville. The drive from Mount Juliet to Nashville is 26 minutes.
Mount Juliet has a population of 39,289, with 27.1% being children under 18 and 13.9% seniors.
| Median Home Price | $530,149 |
| Mean Income | $129,073 |
Wealthiest Cities in Tennessee: Methodology
In order to come up with our list of the richest cities in Tennessee, the rankings are based on both income and home prices. We took data from the US Census American Community Survey and residential housing market data.