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State economy

Tennessee economy

Tennessee's unemployment rate was 3.4% in September 2026, unchanged from the month before and 3.5% a year earlier. That ranks 17 of 51 (1 = lowest); the national rate was 4.1%. Employers had 3.39 million jobs on their payrolls in September 2026, a gain of 28,400 (+0.8%) from a year earlier. Home prices (FHFA index) were +2.6% from a year earlier in Q2 2026. Median household income was $75,250 in 2025.

3.4%
unemployment rate
September 2026
Unemployment rate3.4%Rank 17 of 51 (1 = lowest)
10-year range3.2–15.7%Low Jun 2019 · high Apr 2020
Nonfarm jobs3.39M+0.8% in a year · rank 17
Home prices (FHFA)+2.6%1-year change · Q2 2026 · 5-yr +50%
Median household income$75,2502025 · rank 44 of 51

Tennessee: unemployment rate

Tennessee unemployment rateLine chart from Jan 1, 2006 to Sep 1, 2026. Latest 3.4%; high 15.7% on Apr 1, 2020; low 3.2% on Jun 1, 2019.2.5%5.0%7.5%10.0%12.5%15.0%17.5%20082010201220142016201820202022202420263.4%High 15.7%Low 3.2%

Tennessee: jobs, change from a year earlier

Tennessee nonfarm jobs, 12-month changeLine chart from Jan 1, 2001 to Sep 1, 2026. Latest +0.8%; high +10.2% on Apr 1, 2021; low -10.9% on Apr 1, 2020.-15%-10%-5%0%5%10%15%20052010201520202025+0.8%High +10.2%Low -10.9%

Tennessee: home prices, change from a year earlier

Tennessee FHFA house price index, 12-month changeLine chart from Jan 1, 2001 to Apr 1, 2026. Latest +2.6%; high +26.9% on Apr 1, 2022; low -5.1% on Jan 1, 2010.-10%0%10%20%30%20052010201520202025+2.6%High +26.9%Low -5.1%

Tennessee: median household income

Tennessee median household incomeLine chart from Jul 1, 1984 to Jul 1, 2025. Latest $75,250; high $75,460 on Jul 1, 2024; low $16,780 on Jul 1, 1984.$0$20,000$40,000$60,000$80,0001990199520002005201020152020$75,250Low $16,780

Other states

AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming

Sources: U.S. Bureau of Labor Statistics (unemployment, nonfarm payrolls; seasonally adjusted), Federal Housing Finance Agency (all-transactions house price index), U.S. Census Bureau (median household income, current dollars), via FRED. US unemployment rate: 4.1% (October 2026).