State Ledger
State profile

Tennessee FIPS 47

Population
6,859,497
Median household income
$58,516
Nonfarm employment
3,371,700
Business establishments
150,129

State Highlights

Largest employer sector
Health care and social assistance
455,877 employees
Business concentration
15.3%
of private employment in Health care and social assistance
Home prices, 1 year
+2.6%
FHFA
Federal outlays per capita
$14,636.76
USASpending.gov

Economy & Labor

Total nonfarm employment

BLS Current Employment Statistics, not seasonally adjusted · persons · 20 months available · latest observation: August 2026
Employment ratio
50.2%
employed ÷ population
Unemployed population (ACS)
179,568
Vs. July
▲ 11,700
Business density
22.3 per 1,000
establishments per capita

Leading Industries

Leading industries by employment

Ranked by private-sector employment, same measure as the Business & Industry tab · see the full breakdown there
1 Health care and social assistance 455,877 employees
2 Manufacturing 357,878 employees
3 Retail trade 349,855 employees
4 Accommodation and food services 321,203 employees
5 Administrative and support and waste management and remediation services 292,794 employees

Leading Public Companies

Top 5 by latest reported revenue

SEC EDGAR / XBRL Company Facts · see the full listing on the Public Companies tab
FEDEX CORP · FDX
$94.72B
Air Courier Services
$75.60B
Services-General Medical & Surgical Hospitals, NEC
$42.72B
Retail-Variety Stores
$23.63B
Paper Mills
$18.94B
Retail-Auto & Home Supply Stores

Population & People

Homeownership rate
66.9%
1.78M of 2.66M occupied homes are owner-occupied

Population by age

U.S. Census Bureau, ACS 5-year estimate (table B01001) · reconciles to total population
0–17
1.53M · 22.4%
18–24
616.8K · 9.0%
25–34
937.2K · 13.7%
35–44
863.0K · 12.6%
45–54
885.6K · 12.9%
55–64
904.5K · 13.2%
65–74
683.2K · 10.0%
75+
435.0K · 6.3%

Housing & Real Estate

Median home value
$193,700
Median gross rent
$951 / month
Vacancy rate
11.5%
Total housing units
3.01M
Owner-occupied homes
1.78M
Renter-occupied homes
881.5K
Home prices, 1 year
+2.6%
Home prices, 5 years
+50.0%
Latest FHFA period
2026 Q2

ACS: 2021 ACS 5-year · FHFA: 2026 Q2

ACS housing estimates from the U.S. Census Bureau — median home value reflects owner-reported value, not a current sale price. House-price changes are from the FHFA All-Transactions House Price Index, a measure of price appreciation over time, not a home-value estimate.

Federal Spending

Total federal outlays
$98.30B
Outlays per capita
$14,636.76
Total prime award value
$112.71B

Source: USASpending.gov · specific reporting period not published in this dataset