CLARKSVILLE, Tenn. (CLARKSVILLENOW) – In a recent national review, Clarksville was deemed the Tennessee town ‘set to boom’ by MSN Money. While Clarksville is not new to strong national rankings, what indicators continue to predict Clarksville as a boomtown?
Economy, job markets, and income levels are key factors for consideration. For this survey analysts examined statistics from 2010-2018 United States Census information as well as 2016-2017 stats from the Bureau of Economic Analysis. All signs indicate Clarksville is in a prime position.
Residents in Montgomery County can already see and feel many of the indicators these analysts investigate. Population growth in Montgomery County is up 18.06 percent since 2010. Clarksville was recently named one of the top cities for millennials.
Industrial growth and recruitment are essential to a healthy economy. A 9.4 percent jump in proprietors’ income is just one of the reasons attributed to the city’s population growth. National companies continue to choose Montgomery County as a location for their operations, with a weapons tech company recently announcing a move from California to Clarksville.
Other factors for the MSN Money ranking includes a dip in unemployment insurance (UI) compensation and solid personal income growth.