Cost of Living Breakdown
The cost of living in Nashville, TN is 1% higher than the national average. Here's how each category compares:
| Category | Index | vs National Avg |
|---|---|---|
| Overall | 101 | +1% |
| Housing | 102 | +2% |
| Groceries | 97 | -3% |
| Utilities | 98 | -2% |
| Transportation | 100 | Average |
| Healthcare | 99 | -1% |
Housing Costs in Nashville
Housing is typically the largest expense. In Nashville, the housing index is 102 (national average = 100).
- Median home price: $430,000
- Median rent (1 bedroom): $1,500/month
- Median rent (2 bedrooms): $1,800/month
- Annual rent (1BR): $18,000/year
Housing costs in Nashville are roughly in line with national averages.
How Much Do You Need to Earn in Nashville?
To maintain the equivalent of a $50,000 salary at the national average cost of living, you would need to earn approximately $50,500 in Nashville. The median household income of $63,939 translates to a monthly budget of approximately $5,328.
Groceries & Everyday Expenses
The grocery index in Nashville is 97. Grocery prices are close to the national average.
Transportation & Utilities
Transportation costs sit at an index of 100, while utilities come in at 98. Transportation costs are reasonable compared to other major cities.
Healthcare
Healthcare costs in Nashville are indexed at 99. Healthcare costs are close to or below the national average.
Compare to Tennessee
See statewide salary and tax data on our average salary in Tennessee page. Also see income data for this city on our average salary in Nashville page.
Financial Tools
Use our free calculators to plan your finances in Nashville:
- Mortgage Calculator — estimate your monthly home payment
- Home Affordability Calculator — see how much house you can afford
- Salary Calculator — convert hourly to annual pay
- Savings Goal Calculator — plan for your move or down payment