Nolensville Named Richest Town in Tennessee

A report from MSN Money says that Nolensville is the richest town in Tennessee in a report that sought to find the richest towns in each state.

According to the report: “Many of these towns had other strong socioeconomic factors that are often associated with high incomes, such as high educational attainment rates. In 30 states, more than 50% of residents in the richest towns had at least a bachelor’s degree compared with the national rate of 28.8%. And the richest towns in all but six states had a college attainment rate greater than the national rate. In contrast, the poorest towns in only three states had a college attainment rate that exceeded the national rate.”

40. Nolensville, Tennessee

> Town median household income: $102,870

> State median household income: $44,298

> Town population: 5,980

Nolensville, the richest town in Tennessee, had a median household income that was more than double the statewide median household income of $44,298. Nearly 90% of Nolensville housing units were owned by their occupants. This was significantly higher than the corresponding state and national homeownership rates of 67.8% and 64.9%, respectively.

Read the full article on MSN.com

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