En Hispanic Entrepreneurs we want to tell you why Clarksville is a great city to live and invest. It is rated the fifth largest city in Tennessee, with a high quality of life and a growing economy. If you are looking for a place to establish yourself and do business this is the right place.
Tennessee in general has a good environment for starting a business. And the city of Clarksville has echoed the economic momentum in the state. In this opportunity we will learn more about the city, its lifestyle and the economic outlook.
Clarksville overview
- Location: Montgomery County, Tennessee.
- Year of foundation: 1808.
- Superficie total: 254,54 km2.
- Estimated population: 153.205 (2017) *
- Population density: 603,53 people per km2.
- Average age of the population: 29 years.
* Population data is part of official calculations from the United States Census Bureau.
Why Clarksville is a great city to live and invest
Clarksville is a dynamic city that is in full growth. The place that many young people have chosen to settle down and buy their first home. Small and large companies find opportunities here to grow and expand. It is one of the best cities to invest in Tennessee. It is economic, the workers have a good average income and the quality of life is high.
Cost of living
Clarksville is not only one of the fastest growing cities in Tennessee but also one of the cheapest. According to Liability.com it is among the five most affordable cities.
One of the main elements to calculate the cost of living in clarksville tennessee is the house price, which is $ 135.600. Taking into account that the average family income is between 46 thousand and 50 thousand dollars, becoming an owner is an achievable goal. In fact, in 2015 the city led the market for first-time home buyers.
The Community and Economic Research Council reviews the annual cost of living in urban and non-urban areas of the United States. For this, it takes into account housing, public services, grocery items, transportation, medical care, and various goods and services. In the 2017 review Clarksville scored 93.5%. The average of all participating cities is 100.
Quality of life
While being an affordable city is appealing to those who want to settle in Clarksville, it's not the only thing to consider. There are other factors such as the work environment, education, health, transportation and recreation.
The city is a mix of history and modern life. It has more than 30 parks that allow inhabitants to enjoy outdoor activities. In addition to community centers, public swimming pools, among other attractions. Throughout the year there are also events that give life to the city.
The health services at Clarksville they are affordable and quality. Additionally, most residents lead a healthy lifestyle. According to data from Liability.com:
- 77% of adults do not smoke.
- 71% practice some physical activity.
- 71% have a body mass index less than 30.
Regarding education, more than 92% of the population has obtained a high school diploma or higher. With a growing population, the creation of more schools, health centers and public safety is estimated. All this makes it qualify to be the best city to live in Tennessee.
Economy and business
Clarksville has received numerous awards in economics and business, including:
- Seventh city in Tennessee to attract inbound investments (2016, SmartAsset.com).
- Eighth city -with less than 500 thousand inhabitants- in low-cost manufacturing centers (2010, Business Facilities).
- Best City to Start a Business (2009, CNN Monney).
- Fourth in the United States in Alternative Energy Industries (2010, Business Facilities).
Added to these are the recognitions that both Tennessee and Montgomery County have received.
The growing industry and job opportunities attract new inhabitants to the city. The unemployment rate is 5%. Most of the employed population is concentrated in administration, business, science and art.
Others Clarksville Facts They project that the fastest growing industries until 2021 will be:
- Animal processing.
- Technological, administrative and scientific consultancies.
- Storage.
- Non-residential construction.
On the other hand, in the same period, it is estimated that the industries that will create the most jobs are restaurants and warehouses.
If you want to know some examples of business in Clarksville you can visit our Directory.
Now that you know why Clarksville is a great city to live and invest, you have more reasons to start here. There are business opportunities and you have the support of organizations willing to support entrepreneurs. Tell us what type of business you would like to open in Tennessee!
