Nashville is becoming more expensive, and a recent study puts a cost to living in Music City. Nashville clocked in at No. 53 in a ranking of the 75 most populous U.S. cities based on monthly cost of living. The study, undertaken by moving research company Move.org, ranked the cities from least to most expensive.
Is Nashville expensive to live in?
The cost of living in Nashville is roughly 14% higher than the state’s overall average.
How much money do I need to live comfortably in Nashville?
The recommended salary in Nashville is $4,323 per month or $51,876 annually. This total reflects a salary that would allow a renter to live comfortably and afford to cover the median rent for a one-bedroom apartment in Nashville which sits at $1,297.
Why is the cost of living so high in Nashville?
However, the continuous growth in Nashville’s economy and its tourism boom has led to many central parts of the city becoming expensive for real estate and visitors: from the cost of food to accommodation and transportation.
Is Nashville an affordable place to live?
Cost of Living in Nashville
Compared to other cities in the United States, Nashville was ranked number 23 out of 75 when comparing high costs of living. While the city is still relatively affordable, in 2019 it was ranked as more expensive to live in than Dallas, Baltimore, and Atlanta.
Is it cheaper to live in Dallas or Nashville?
Highlights. Nashville-Davidson is 0.2% less expensive than Dallas. Nashville-Davidson housing costs are 22.0% more expensive than Dallas housing costs. Health related expenses are 2.9% more in Nashville-Davidson.
Is it cheaper to live in Nashville or Atlanta?
Atlanta is 6.0% more expensive than Nashville-Davidson. Atlanta housing costs are 1.1% less expensive than Nashville-Davidson housing costs. Health related expenses are 5.1% less in Atlanta.
What is minimum wage in Nashville TN?
$7.25 per hour
Tennessee Minimum Wage for 2021, 2022. Tennessee’s state minimum wage rate is $7.25 per hour. This is the same as the current Federal Minimum Wage rate. The minimum wage applies to most employees in Tennessee, with limited exceptions including tipped employees, some student workers, and other exempt occupations.
What to know before moving to Nashville?
10 Things You Need to Know Before Moving to Nashville
- The cost of living is lower than the national average.
- Your money will go further in Nashville when it comes to apartments.
- The live music scene is vibrant.
- Hot chicken is an absolute must.
- Prepare for the Southern heat.
- Make sure to budget for transportation expenses.
Is it cheaper to live in Tennessee or Florida?
If the average cost of living in the United States is 100, Florida has an overall score of 97.9. This is considerably more than Tennessee, which has an overall cost of living score of 88.7. When comparing the numbers, this means Florida is nearly 10% more expensive to live in than Tennessee.
Is Tennessee overpriced?
An amount below 100 means Tennessee is cheaper than the US average. A cost of living index above 100 means Tennessee, Tennessee is more expensive.
Tennessee cost of living is 87.6.
| COST OF LIVING | Tennessee | United States |
|---|---|---|
| Overall | 87.6 | 100 |
| Grocery | 95.4 | 100 |
| Health | 101.9 | 100 |
| Housing | 71.2 | 100 |
Why is housing so cheap in Tennessee?
This is mostly due to the majority of the state being in rural areas and the lack of a state income tax. While cities such as Nashville have high housing costs, this is balanced by below average costs of transportation, healthcare and child care.
Is Nashville still affordable?
So, even with an increase in residents in the Nashville area, it’s still quite affordable to live in Nashville (especially if you’re coming from another expensive city, such as San Diego, Seattle or Los Angeles).
What should I avoid in Nashville?
It is recommended that tourists avoid the following neighborhoods in Nashville:
- West Meade.
- Heron Walk.
- Talbot’s Corner.
- Glencliff.
- Bordeaux.
What city in Tennessee has the lowest cost of living?
Alcoa is the cheapest place to live in Tennessee. The median home value is around $146,500 and monthly apartment rentals are around $700 per month. There are also many other affordable cities in Tennessee that attract many people to move to the state.
Why is Nashville so popular?
Nashville plays an important role in music history. It’s home to some of the most famous and well-respected music venues in the world, including Ryman Auditorium and the home of country music, the Grand Ole Opry. Many celebrities, present and past, also call Music City home.
Are houses cheaper in Texas or Tennessee?
Tennessee is 0.1% cheaper than Texas.
Is Nashville cheaper than Austin?
The cost of living in Nashville, TN is -7.0% lower than in Austin, TX. You would have to earn a salary of $55,791 to maintain your current standard of living. Employers in Nashville, TN typically pay -5.5% less than employers in Austin, TX.
Is Nashville hotter than Dallas?
What’s the Weather Like When Moving from Nashville to Dallas? Nashville and Dallas have much the same climate. However, Dallas is slightly warmer than Nashville annually. Additionally, Nashville has more rainy days than Dallas per year.
Should I live in Tennessee or Georgia?
Tennessee and Georgia can be perfect spots for retirement. For example, Georgia has the benefit of a coastline, warmer weather, many Active Adult Communities, and a lower crime rate. In contrast, Tennessee has a lower cost of living, friendly locals, and a vibrant music scene.
Is it cheaper to live in TN or GA?
Tennessee is 5.7% cheaper than Georgia.