How much does it cost to live in Nashville per year?

How much does it cost to live in Nashville per year?

The cost of living in Nashville is 101.4, putting it slightly higher than the national average and about 14% higher than the Tennessee state average.

Is rent going down in Nashville?

As of June 30, 2021, the average rent for a 1-bedroom apartment in Nashville, TN is currently $1,295. This is a 3% decrease compared to the previous year. Over the past month, the average rent for a studio apartment in Nashville increased by 6% to $1,400.

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 Nashville expensive to live in?

The study ranked Nashville at No. 23 on a list of the top 75 major U.S. cities that pay the highest cost of living. That ranking showed that in 2019 it is more expensive to live in Nashville than Dallas, Baltimore and Atlanta. On average, it costs a single person $291.13 each month in groceries and dining out.

What salary do I need to live in Nashville?

$85,000 a year
A 2018 study by GoBankingRates found Nashville residents need to make $85,000 a year to “live comfortably,” $34,000 more than the city’s median income. Between 2016 and 2017, Music City experienced the greatest cost-of-living increase in the nation, GoBankingRates determined.

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 a good place to live 2021?

Nashville neighborhood named best place to live in Tennessee in 2021, according to Niche. A Nashville neighborhood has been named the best place to live in Tennessee in 2021.

Why is Nashville so expensive?

Nashville is currently growing rapidly, with an average of 80 to 100 people moving to the area each day (different news sources give different numbers). As a result of the high demand for housing, both house prices and rental rates have gone up faster than average incomes.

What salary do you need to live in Nashville?

A 2018 study by GoBankingRates found Nashville residents need to make $85,000 a year to “live comfortably,” $34,000 more than the city’s median income.

Why is it so cheap to live in Tennessee?

Lucky for Tennessee, even more-populated areas are still very affordable. Chattanooga, Knoxville, and Memphis, for instance, are relatively cheap mainly because of their reasonable housing costs. This makes Tennessee one of the rare states where you can get cosmopolitan living without high-end prices.

What is a good salary in Nashville TN?

While ZipRecruiter is seeing salaries as high as $132,165 and as low as $19,922, the majority of salaries within the Average jobs category currently range between $48,104 (25th percentile) to $71,913 (75th percentile) with top earners (90th percentile) making $87,462 annually in Nashville.

How white is Nashville?

60.5 percent
(Nashville is 60.5 percent white, 10 percent Hispanic, 28.4 percent black and 3.1 percent Asian). The average household size is 2.63. (Nashville is 2.36) The average foreign-born population is 13 percent.

Where should I not live in Tennessee?

The 10 Worst Places to Live in Tennessee

  • Memphis. Memphis makes it into the ten worst places to live in Tennessee as its high crime rates mean it is the most dangerous place to live in the state, says Only in Your State.
  • Rockwood.
  • Covington.
  • Dunlap.
  • Sweetwater.
  • Morristown.
  • Savannah.
  • Millington.

How much does a single person need to make to live comfortably in Nashville TN?

Is it cheaper to live in Tennessee or Georgia?

– Overall, Chattanooga, Tennessee is 22.0% cheaper than Atlanta, Georgia – Median Home Cost is the biggest factor in the cost of living difference.

Is Nashville better than Atlanta?

Nashville is more ideal for day trips than Atlanta While both Atlanta and Nashville are within driving distance to other major cities, Nashville has more options. This means there are twice as many places to take a day trip from Nashville than there are Atlanta.

Where should I not live in Nashville?

Most Dangerous Neighborhoods In Nashville, TN

  • West Meade. Population 469. 307 %
  • Salemtown. Population 341. 267 %
  • Heron Walk. Population 11,940. 248 %
  • Glencliff. Population 7,729. 243 %
  • Haynes Area. Population 7,150. 230 %
  • Bordeaux. Population 5,092. 153 %
  • Talbot’s Corner. Population 12,018. 149 %
  • Inglewood-Riverwood. Population 7,184.

What is the richest town in Tennessee?

Nolensville Much smaller than Brentwood, Nolensville is a suburb of Nashville and the richest town in Tennessee and is home to some of the wealthiest residents of the state.

Is it cheaper to live in Las Vegas or Nashville?

The cost of living in Nashville, TN is -3.0% lower than in Las Vegas, NV. You would have to earn a salary of $58,188 to maintain your current standard of living. Employers in Nashville, TN typically pay -9.0% less than employers in Las Vegas, NV.

Why is housing so cheap in Tennessee?

Tennessee is a fairly cheap place to live, compared to the rest of the country. The cost of living index is 86.5, compared to the national average of 100. This is mostly due to the majority of the state being in rural areas and the lack of a state income tax.

Share via: