Cost of Living From Numbeo, the average four-person family in Nashville has estimated monthly costs of around $3,100 without rent, whereas a single person has costs of $880 without rent. Those monthly costs translate to a 32 percent lower cost of living than a bigger city like New York.
How much money should I save for Nashville?
How much money will you need for your trip to Nashville? You should plan to spend around $138 per day on your vacation in Nashville, which is the average daily price based on the expenses of other visitors. Past travelers have spent, on average, $33 on meals for one day and $17 on local transportation.
How expensive is it to live in Nashville TN?
Nashville-Davidson cost of living is 101.4
| COST OF LIVING | Nashville-Davidson | Tennessee |
|---|---|---|
| Health | 96.7 | 101.9 |
| Housing | 113.3 | 71.2 |
| Median Home Cost | $341,700 | $231,600 |
| Utilities | 99.3 | 96.7 |
How much does it cost to live in Nashville per month?
Summary about cost of living in Nashville, TN, United States: Family of four estimated monthly costs are 3,993$ without rent. A single person estimated monthly costs are 1,122$ without rent. Nashville is 20.80% less expensive than New York (without rent).
How much money do I need to move to Tennessee?
Average Cost of Living in Tennessee: $37,499 per year
If you’re planning to move to Tennessee, your monthly budget might get a nice break. Why? Tennessee is among the most affordable 10 states, at No. 6, according to MERIC data gathered in the third quarter of 2021.
Is Nashville cheap to live?
Nashville’s housing expenses are 7% lower than the national average and the utility prices are 9% lower than the national average. Transportation expenses like bus fares and gas prices are 4% lower than the national average. Nashville has grocery prices that are 2% lower than the national average.
Is Nashville TN expensive?
The cost of living in Nashville is roughly 14% higher than the state’s overall average.
What is a good salary in Nashville?
In 2017, GoBankingRates.com estimated that residents should earn at least $70,150 annually. Actual median household income lags far behind, at $49,891. In contrast, the national median income is $55,300, according to the U.S. Census Bureau.
How much does a single person need to make to live in Nashville?
How much money does it take for a single person to live comfortably in Nashville? $61,015 a year, according to a new report from GoBankingRates.com. Nashville’s salary needs were on par with Atlanta, New Orleans and Denver, but emerged as more expensive than peer cities Raleigh, Austin and Charlotte.
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.
Why is rent so high in Nashville?
The growing job market and low unemployment rate helped make Nashville one of the top markets for rent growth last year, with a similar growth in rents expected this year as well. Nashville is the capital of Tennessee and the most populated city in the state.
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.
Is Nashville affordable?
Nashville is relatively affordable compared to many other major U.S. cities, though the housing market has become increasingly competitive in recent years. As the area has seen an increase in population, it has also seen a rise in home values.
What is a livable salary in Tennessee?
Living Wage Calculation for Davidson County, Tennessee
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $17.63 | $35.29 |
| Poverty Wage | $6.19 | $12.74 |
| Minimum Wage | $7.25 | $7.25 |
What is a good salary in Tennessee?
As of Aug 6, 2022, the average annual pay for the Comfortable jobs category in Tennessee is $42,058 a year. Just in case you need a simple salary calculator, that works out to be approximately $20.22 an hour. This is the equivalent of $809/week or $3,505/month.
Where can I live in Nashville on a budget?
Safe, Affordable Neighborhoods in Nashville
- Buena Vista.
- Germantown.
- Green Hills.
- Hillsboro West End.
- Historic Edgefield.
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.
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 Tennessee housing so cheap?
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 safe?
A study by Wallet Hub found that Nashville is the 80th safest city in the country. The study included more than 180 cities, and included statistics like assaults per capita, road quality and unemployment. The study also looked at financial and health risks.
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.