Stories of Technology, Innovation, & Entrepreneurship in the Southeast

Knoxville Business News Tennessee Mountain Scenery Background
October 17, 2022 | Tom Ballard

Nashville area ranks high on listing for $100,000+ jobs and low cost of living

Researchers at an organization named HowToHome have published a ranking of cities where the share of employees in occupations with median wages more than $100,000 is high but the cost of living is below the national average.

The listing looks at the top 15 in three size ranges: small, midsize and large. Only one Tennessee location made the rankings and, as you probably have already guessed, it is the Greater Nashville area that also includes Murfreesboro and Franklin. The region placed #6 on the large city category.

According to the HowToHome data, the area has just shy of 977,000 employees across all occupations, and 71,600 of those earn an average of $127,707.

Topping the large city list is Raleigh-Cary, NC followed by another Tar Heel region (Charlotte-Concord-Gastonia); Detroit-Warren-Dearborn, MI (#3); Richmond, VA (#4); and Atlanta-Sandy Springs-Alpharetta (#5). The two highest ranked midsize regions are Huntsville, AL (#1) and Durham-Chapel Hill, NC (#2), while Charlottesville, VA is #2 on the small city list.

According to HowToHome, the data used in its analysis came from the U.S. Bureau of Statistics’ Occupational Employment and Wage Statistics and the U.S. Bureau of Economic Analysis’ Regional Price Parities. To determine the affordable metropolitan areas with the most 6-figure jobs, researchers at calculated the share of employees in occupations where the median wage is over $100,000 and the cost of living is below the national average. In the event of a tie, the location with the greater total number of employees in occupations where the median wage is over $100,000 was ranked higher. To improve relevance, only metropolitan areas with at least 100,000 residents were included. Additionally, metros were grouped into cohorts based on population size: small (100,000–349,999), midsize (350,000–999,999), and large (1,000,000 or more).

Don’t Miss Out on the Southeast’s Latest Entrepreneurial, Business, & Tech News!

Sign-up to get the Teknovation Newsletter in your inbox each morning!

  • This field is for validation purposes and should be left unchanged.

No, thanks!