Tennessee, known as the Volunteer State, boasts a multifaceted economy with opportunities for people of all skill levels. Major industries in Tennessee range from manufacturing to healthcare, making it an appealing place to live and work. Whether you’re browsing homes for sale in Nashville or apartments in Memphis, Tennessee’s economic stability supports its housing market. Those considering moving to Tennessee will find vibrant cities, beautiful landscapes, and job prospects in numerous fields. The state’s business-friendly environment and workforce development initiatives further enhance its appeal to potential homebuyers and renters.
Tennessee at a glance: Home prices, income, and employment
| Median home sale price | $388,900 |
| Median household income | $67,631 |
| Unemployment rate | 3.2% |
Top employers in Tennessee
- Walmart: 46,300 employees
- Vanderbilt University Medical Center: 24,000 employees
- Amazon: 24,000 employees
- Kroger: 18,300 employees
- Nissan Motor Co.: 12,000 employees
Deciding between renting or buying your next home? Explore your options.
Compare the costs of renting vs buying and find a lender to secure your mortgage.
Deciding between renting or buying your next home?
Compare the costs of renting vs buying and find a lender to secure your mortgage.
10 major industries in Tennessee
Deciding between renting or buying your next home? Explore your options.
Deciding between renting or buying your next home?
1. Manufacturing
Major Employers: Nissan North America (Franklin), Volkswagen Group of America (locations in Tennessee), Eastman Chemical Company (Kingsport)
Manufacturing is a cornerstone of Tennessee’s economy, producing everything from cars to chemicals. Nissan and Volkswagen have major plants in the state, creating jobs for engineers, technicians, and assembly line workers. Eastman Chemical Company offers roles in chemical engineering, research, and production management. With robust infrastructure and skilled labor, Tennessee continues to attract major manufacturers.
Thinking about moving to Tennessee for a job in this industry? Consider homes for sale in Franklin or Chattanooga.
2. Healthcare
Major Employers: HCA Healthcare (Nashville), Community Health Systems (Franklin), Acadia Healthcare (Franklin)
The healthcare industry thrives in Tennessee, driven by companies like HCA Healthcare and Community Health Systems. Jobs in this sector include nursing, administration, and medical technology roles. Nashville is a hub for healthcare innovation, offering careers in health IT and hospital management. The growing demand for quality care ensures plenty of opportunities for professionals.
Thinking about moving to Tennessee for a job in this industry? Consider homes for sale in Nashville or Franklin.
3. Entertainment and music
Major Employers: Gibson Brands (Nashville), Sony Music Nashville (Nashville), Ryman Hospitality Properties (Nashville)
With artists from Tina Turner to Miley Cyrus hailing from the Volunteer State, Tennessee is famous for its music and entertainment scene. Gibson Brands manufactures iconic guitars, while Sony Music Nashville promotes country and pop artists. Jobs include music production, marketing, and event management. The industry attracts creative professionals from all over the world.
Thinking about moving to Tennessee for a job in this industry? Consider homes for sale in Nashville or Memphis.
4. Agriculture
Major Employers: Tyson Foods (locations in Tennessee), Pilgrim’s Pride (locations in Tennessee), Tractor Supply Company (Brentwood)
Agriculture in Tennessee includes poultry farming, livestock, and crops like soybeans and cotton. The industry was responsible for over $5 billion in revenue in 2022. Tyson Foods and Pilgrim’s Pride operate large facilities in the state, employing workers in farming, food processing, and logistics. Tractor Supply Company focuses on retailing agricultural supplies and equipment. The sector offers diverse roles, from hands-on farming to corporate management.
Thinking about moving to Tennessee for a job in this industry? Consider homes for sale in Shelbyville or Chattanooga.
5. Automotive
Major Employers: General Motors (locations in Tennessee), Nissan North America (Franklin), Hankook Tire (location in Clarksville)
Tennessee has become a hub for automotive manufacturing, with plants from General Motors and Nissan. Careers range from automotive engineering to production and quality control. Hankook Tire has a manufacturing facility in Clarksville, further boosting opportunities. The state’s central location makes it ideal for automotive logistics.
Thinking about moving to Tennessee for a job in this industry? Consider homes for sale in Spring Hill or Clarksville.
6. Technology
Major Employers: Asurion (Nashville), Medtronic (locations in Memphis), EPB (Chattanooga)
The tech industry in Tennessee is growing, especially in cities like Nashville and Chattanooga. In 2023, the industry generated $7.5 billion in the state. Asurion provides roles in software development and customer support, while Medtronic focuses on medical technology, while EPB offers careers in telecommunications and smart grid technology. Tennessee’s tech sector attracts young professionals and innovators.
Thinking about moving to Tennessee for a job in this industry? Consider homes for sale in Nashville or Chattanooga.
7. Tourism and hospitality
Major Employers: Dollywood (Pigeon Forge), Gaylord Opryland Resort (Nashville), Elvis Presley Enterprises (Memphis)
Tourism is vital to Tennessee. With iconic attractions like Dollywood and the Opryland Resort, the industry was responsible for over $30 billion in revenue in 2023. Jobs include hospitality management, event planning, and marketing. Elvis Presley Enterprises brings tourism to Memphis, creating roles in guest services and retail. The industry offers opportunities to work in dynamic and customer-focused environments.
Thinking about moving to Tennessee for a job in this industry? Consider homes for sale in Pigeon Forge or Memphis.
8. Logistics and distribution
Major Employers: FedEx (Memphis), Amazon (locations in Tennessee), Bridgestone Americas (Nashville)
Tennessee’s strategic location makes it a logistics powerhouse. FedEx, headquartered in Memphis, leads the industry, employing pilots, package handlers, and logistics managers. Amazon has multiple distribution centers, offering jobs in warehousing and operations. Bridgestone Americas also supports logistics roles with its tire manufacturing.
Thinking about moving to Tennessee for a job in this industry? Consider homes for sale in Memphis or Nashville.
9. Education
Major Employers: Vanderbilt University (Nashville), University of Tennessee (Knoxville), Middle Tennessee State University (Murfreesboro)
Education is a key industry in Tennessee, supported by prestigious institutions like Vanderbilt and UT. Careers range from teaching to administrative and research positions. Universities also contribute to local economies through innovation and workforce development. Education professionals find rewarding careers in these thriving academic centers.
Thinking about moving to Tennessee for a job in this industry? Consider homes for sale in Nashville or Knoxville.
10. Energy
Major Employers: Tennessee Valley Authority (Knoxville), Oak Ridge National Laboratory (Oak Ridge), Enexor BioEnergy (Franklin)
Tennessee’s energy sector includes nuclear power, renewable energy, and bioenergy. The Tennessee Valley Authority employs engineers, environmental scientists, and technicians. Oak Ridge National Laboratory focuses on energy research and innovation. Enexor BioEnergy offers opportunities in clean energy development. The state’s commitment to sustainability makes this a growing field.
Thinking about moving to Tennessee for a job in this industry? Consider homes for sale in Knoxville or Oak Ridge.
