The annual price of living comfortably in Music City soared to $80,548 this year, according to a new analysis by personal finance management website GoBankingRates.com. Nashville, the priciest city in the state, is home to Tennessee’s most expensive real estate values.
What salary do you 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.
Is Nashville TN expensive to live?
The cost of living in Nashville is roughly 14% higher than the state’s overall average.
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? $61,015 a year, according to a new report from GoBankingRates.com. Nashville’s salary needs were on par with Atlanta, New Orleans and Denver, but emerged as more expensive than peer cities Raleigh, Austin and Charlotte.
How much does it cost to live in Nashville per month?
Summary about cost of living in Nashville, TN, United States: Family of four estimated monthly costs are 4,004$ without rent. A single person estimated monthly costs are 1,125$ without rent. Nashville is 20.66% less expensive than New York (without rent).
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 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.
What is the average income in Nashville TN?
Table
| Population | |
|---|---|
| Transportation | |
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | 25.3 |
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $62,515 |
What is the average cost of a house in Nashville Tennessee?
According to RE/MAX Advantage, the average median home price in Nashville is $405,000.
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 Georgia or Tennessee?
Tennessee is 5.7% cheaper than Georgia.
Is it cheaper to live in TN or KY?
Tennessee’s cost of living is 10.7% more expensive than Kentucky.
Why is Nashville rent so high?
Two major contributors to the increase are limited supply of rental units and the number of high-income households entering the rental market. A recent study by Nashville-based Apartment Insiders found the incomes for the average renter in the city had grown 25% over the last year to $70,000.
Why are Nashville apartments so expensive?
Just like summer temperatures, Nashville housing prices keep on rising. Driven by low interest rates, low inventory and changing demographics in larger cities, Music City has continued to attract new homeowners and renters throughout the pandemic.
How much do I need to make in Nashville?
NASHVILLE, Tenn. –A study by personal finance company Go Banking Rates finds in order to live comfortably in Nashville, residents need to make $80,548 per year. The study examined housing costs, the price of necessities such as food and healthcare, and average incomes among America’s 50 largest cities.
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.
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.
What city is bigger Nashville or Atlanta?
Nashville has an estimated population of around 684,400 people. Atlanta has an estimated population of 472,520 people. However, Nashville covers 526 square miles, whereas Atlanta only covers 134 square miles, meaning Atlanta is far more crowded.
Where is the nations neighborhood in Nashville?
Located off Charlotte Pike on the west side of Nashville, the Nations centers around 51st Avenue. The neighborhood has had tremendous growth recently, and is now filled with dining, retail and new construction homes. And its location provides easy access to the interstate, downtown and nearby parks.
Where should I not live in Nashville?
It is recommended that tourists avoid the following neighborhoods in Nashville:
- West Meade.
- Heron Walk.
- Talbot’s Corner.
- Glencliff.
- Bordeaux.
Is moving to Nashville worth it?
Best known as the “Capital City of Country Music,” Nashville is home to many musicians and aspiring artists. With a growing job market, a booming craft beer scene, and some of the best food and entertainment in the country, it is no surprise that moving to Nashville, Tennessee is a dream come true for many.