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EconPulse

Local economy signal dashboard

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PLACEStable

Millersville, TN

Stable overall. GDP / Output is the clearest support signal, while population needs the most attention. Housing reads as affordable for a median-income household.

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Overall score58out of 100
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94
45
0
65
90

Population

5,836

Data freshness

Unknown

GDP / Output

+7.9% YoY

94

$11.9B

Output changed +7.9% in 2024.

Vintage date unknown

State growth5.6%
U.S. growth5.3%

Jobs

Unemployment rate

45

5.4%

Unemployment is 5.4% for Latest available.

Vintage date unknown

State avg4.7%
U.S. avg5.2%

Population

-8.9% 5-year

0

5,836

Population moved -8.9% over the latest ACS window.

Vintage date unknown

State population7,066,383
U.S. population334,922,499

Housing

Rent share of income

65

24.7%

Median rent consumes 24.7% of median household income: Affordable.

Vintage date unknown

State rent$1.2K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$6.9K per resident

90

$1.3B

$1.3B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$121.4B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$1.3B

$6.9K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$1.1B
2. Department of Veterans Affairs$131.0M
3. Department of Transportation$96.2M

Top recipients

Dollars
1. TENNESSEE DEPARTMENT OF TRANSPORTATION$96.2M
2. AIS INFRASTRUCTURE, LLC$17.2M
3. VOLUNTEER STATE COMMUNITY COLLEGE$16.4M

Affordable

Housing Affordability

24.7%

of median income

1BR estimate$1,210
2BR estimate$1,593
Median income$71,789
Median home value$309,900

ACS context

Quick Facts

Population

5,836

Median age

40.8

Bachelor's degree+

19.9%

Poverty rate

10.5%

Labor force participation

69.2%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

-1.8%

GDP CAGR

+9.1%

Federal flow

5 years

Population (5 years)
20206,403
20216,099
20225,818
20235,885
20245,836
GDP (5 years)
2020$7.7B
2021$8.8B
2022$10.3B
2023$11.0B
2024$11.9B

2-year linear forecast

Predictive Outlook

Population forecast

20245,836
20255,604 *
20265,469 *

R² = 74.1% · * projected

GDP forecast

2024$11.9B
2025$13.1B *
2026$14.2B *

R² = 98.5% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$71,789/yr
Median rent$1,475/mo
Rent share of income24.7%
Est. mortgage (30yr, 6.5%)$18,804/yr
Mortgage share of income26.2%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate5.4%
State avg4.7%
U.S. avg5.2%
Labor force participation69.2%
Poverty rate10.5%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$309,900
Median monthly rent$1,475
Price-to-rent ratio17.5x

Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.

composite score

Investment Climate

Investment climateModerate
Composite score54/100
Economic growth94/100
Labor market45/100
Population momentum0/100
Overall stability58/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Millersville city, Tennessee

City/Town

Part of

Nashville-Davidson--Murfreesboro--Franklin, TN

Nearby locations

Ridgetop, TNGoodlettsville, TNGreenbrier, TNWhite House, TNShackle Island, TN