CLARKSVILLE, TN (CLARKSVILLE NOW) – According to a report from SmartAsset during the month of June, Tennessee is made up of several “boomtowns”, which are cities that stand out for attracting people, investment and development at a pace that sets them apart from the rest. Included on that listing is Clarksville, who is ranked in the top 25.
SmartAsset’s report said that they analyzed more than 400 U.S. cities with populations of 65,000 and over to identify places experiencing rapid growth. “Each city received a composite score based on five-year changes in three factors: economic output, housing units and labor force size. The 75 highest-scoring cities represent America’s new boomtowns,” the report said.
However, the report said that boomtown status does not mean growth benefits everyone equally, but it does reflect a city’s expanding economic capacity and the new opportunities that come with it.
In boomtown rankings, Clarksville was listed as the 23rd ranked scoring city with a housing unit increase of 18%, labor force increase of 31% and a compound annual real GDP growth of 4.8%.
Meanwhile, other Tennessee cities like Murfreesboro, Franklin and Knoxville also made appearances on the list. Murfreesboro was ranked 25, as Franklin and Knoxville were ranked 56 and 68.
| Murfreesboro (25) | Franklin (56) | Knoxville (68) | |
| Housing unit increase | 20% | 11% | 6% |
| Labor force increase | 21% | 8% | 18% |
| Compound annual real GDP growth | 4.7% | 5.5% | 4.5% |
EDC and IDB officials respond to report
“Tennessee—and Middle Tennessee in particular—offers huge advantages for businesses, families, and individuals,” said the CEO and President of the Clarksville-Montgomery County Economic Development Council Buck Dellinger.
“Rankings like this reinforce what we’ve known for a long time: Clarksville-Montgomery County is one of the most attractive places in the state to live, work, and invest. Our quality of place, strong economy, and continued growth is hard to match anywhere in the state.”
EDC Vice President of Urban Development Janet Wilson told Clarksville Now great communities aren’t built overnight. “They’re shaped by years of intentional decisions—investing in neighborhoods, expanding housing opportunities, supporting redevelopment, and a shared commitment to creating opportunity for residents and businesses,” she said.
“It’s easy to lose sight of that momentum because progress happens one project, one neighborhood, and one investment at a time. Recognition like this study affirms that our work across Clarksville-Montgomery County is making a difference and positioning our community for long-term success.”
Josh Ward, the VP of Industrial Development, said that he’s particularly proud of the 4.8% GDP increase, which translates to higher wages, expanding businesses, and more employment options. “While growth brings challenges and there is still work to do, I’m grateful to live and work in a community with a vibrant local economy that will continually get better in the years ahead,” he said.
Additional quotes have been added to this report.
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