Spring Hill, TN

Spring Hill, TN: A Demographic and Economic Overview

Spring Hill, TN, is a rapidly growing city within Williamson County, known for its economic vitality and demographic appeal:

• Population Growth: A remarkable 10.1% increase from April 2020 to July 2022, reaching 55,800 residents, showcases Spring Hill’s rapid expansion and potential for market growth.

• Median Household Income: At $92,779, the income level is indicative of a prosperous community with significant consumer spending power.

• Educational Attainment: With 96.3% high school graduates and 49.5% holding a bachelor’s degree or higher, the population is well-educated, suggesting a skilled workforce and a market for sophisticated services.

• Housing Market: A strong housing market is evidenced by a 74.9% owner-occupied housing rate and a median home value of $335,800, reflecting the area’s desirability and stability.

• Diverse and Inclusive: The ethnic composition is predominantly White (88.0%), with meaningful representation from Black or African American (4.8%), Asian (1.3%), and Hispanic or Latino (6.2%) communities, contributing to a rich cultural tapestry.

• Economic Indicators: Low poverty rates (2.5%) and high participation in the labor force (73.1%) underscore a robust local economy with a healthy job market.

• Business Landscape: Spring Hill’s business environment is supported by a mix of retail, health care, and transportation sectors, with significant sales and revenue figures reported in 2017.

• Connectivity: An average commute time of 30.3 minutes reflects the city’s accessibility and its residents’ connectivity to the broader Nashville area.

• Retail Sales: High total retail sales ($378,047,000 in 2017) and per capita sales ($9,532) indicate a strong retail sector, which is a positive sign for new businesses.

• Land Area: The city’s land area has remained stable, supporting a population density that has nearly doubled from 2010 to 2020, suggesting efficient use of space and urban development.

This data paints Spring Hill as an attractive location for investment, with a growing, affluent, and educated population that is engaged in a diverse and dynamic economy. The city’s demographic trends and economic health make it a prime spot for new ventures, especially those targeting middle to upper-income consumers.

• Population (2022): 55,800
• Population Growth (2020-2022): 10.1%
• Median Household Income: $92,779
• Median Age: Mid-30s
• Persons under 18 years: 30.4%
• Persons 65 years and over: 10.4%
• Female persons: 50.7%
• White alone: 88.0%
• Black or African American alone: 4.8%
• Asian alone: 1.3%
• Hispanic or Latino: 6.2%

• Owner-occupied housing rate: 74.9%
• Median value of owner-occupied housing units: $335,800
• Median gross rent: $1,588
• Households: 16,942
• Persons per household: 2.85
• High school graduate or higher: 96.3%
• Bachelor’s degree or higher: 49.5%
• Veterans: 2,385
• Foreign born persons: 4.0%
• Households with a broadband Internet subscription: 96.7%

• Persons without health insurance: 6.7%
• In civilian labor force: 73.1%
• Total retail sales (2017): $378,047,000
• Total retail sales per capita (2017): $9,532
• Mean travel time to work: 30.3 minutes
• Persons in poverty: 2.5%
• Population per square mile (2020): 1,867.5