Nashville Price of Residing Information [Updated for 2025]

Nashville, Tennessee, is greatest recognized for its thriving music scene, wealthy historical past, and Southern attraction. However past its cultural enchantment, how does it stack up by way of affordability? Whether or not you are contemplating a transfer to Music Metropolis or simply curious concerning the bills, understanding the price of residing in Nashville is important. For instance, whereas Tennessee is 10%–15% extra inexpensive than most states, Nashville is just one% under the nationwide common value of residing.

From housing and utilities to groceries and leisure, this information breaks down what it actually prices to stay in Nashville and the way it compares to nationwide averages.

Fast Nashville Price of Residing Highlights

• Median residence worth in Nashville: $450,000–$500,000
• Common hire for one-bedroom condo: $1,660
• Typical electrical energy invoice: $190/month
• Common family grocery invoice: $1,200/month
• Childcare for one toddler: $867/month
• Median family earnings in Nashville: $75,200

Housing in Nashville

In comparison with the remainder of Tennessee, Nashville is an costly metropolis to purchase a home—however by way of main cities in America, it may be extremely economical.

Median House Value

The median record worth for all houses in Nashville, together with single-family houses, condos, and townhomes, is often between $450,000 and $500,000.

The median record worth for single-family houses in Nashville ranges from the excessive $400s to the low $500s, considerably larger than the common for all houses. Nonetheless, the median record worth for a Nashville apartment isn’t less expensive when it comes right down to it, because it usually ranges from the low-to-mid $400s. On the upside, each costs are decrease than what one may count on to pay compared to Austin and different main cities.

Median record costs for houses in Nashville range, relying on location. In standard luxurious neighborhoods like Inexperienced Hills, the median record worth is round $1 million, whereas the median record worth within the Inglewood neighborhood is about $575,000.

On the flip aspect, a lower-priced neighborhood like Woodbine has a median residence worth within the excessive $300s to low $400s, and Cumberland Gardens is even cheaper with residence costs usually within the mid-$300s.

Median Hire

General, the median hire in Nashville is round $1,900 per thirty days.

• Common hire for a studio condo: round $1,550
• Common hire for a one-bedroom: round $1,660
• Common hire for a two-bedroom: round $2,100
• Common hire for a three-bedroom: round $2,600

Evaluate these to the nationwide common hire for a one-bedroom condo, which is round $1,540 per thirty days.

In the event you’re on the lookout for low-cost hire, attempt neighborhoods like Airport Estates, Bayview, and Belair, which every common round $1,360. Alternatively, luxurious flats might be discovered within the Burton Valley and Forest Hills neighborhoods for round $2,360.

Utilities

Power effectivity enhancements like including insulation can go a good distance in your new residence. Tennessee’s common energy payments are round $135 per thirty days regardless of the low electrical energy charges offered by the Tennessee Valley Authority. In Nashville, that common invoice can attain about $190.

Tennessee’s common month-to-month water invoice is roughly $36. In comparison with the opposite 49 states, Tennessee ranks virtually precisely within the center.

Web service averages about $70 a month, whereas cell phone service for limitless discuss, textual content, and information runs about $45 a month.

The typical value of house owner’s insurance coverage in Nashville varies by supplier and protection, however householders can usually count on to pay $2,400–$2,500 per yr, or round $200 per thirty days. The typical value of renter’s insurance coverage in Tennessee is about $24 per thirty days or $290 per yr. That is barely larger than the common throughout the nation, which is about $15–$20 per thirty days.

Meals in Nashville

Meals prices in Nashville are proper on par with the nationwide common and barely dearer than the state common.

Groceries

The typical Nashville family can count on to pay round $1,200 or 15% of their earnings on groceries.

Month-to-month grocery prices range broadly relying on private preferences and the variety of folks in a family. Extra folks means shopping for extra meals, after all, however typically leads to a decrease value per individual than a person residing alone. For instance, an grownup man residing alone might spend between $360 and $525 per thirty days, whereas a household with two adults and one youngster might spend between $860 and $1,320 ($286.67 and $440 per individual).

Residents have discovered that the grocery shops with one of the best worth in Nashville embody H.G. Hill City Market, United Grocery Outlet, ALDI, Piggly Wiggly, and Publix.

Eating places

As with all metropolis, the price of eating out in Nashville varies relying on the restaurant. A combo meal at a fast-food restaurant might be about $10, whereas a meal at a mean cheap sit-down restaurant will run about $18 with out the tip. A meal for 2 at a mid-range restaurant will value proper round $60 earlier than the tip.

Listed here are some extra concrete examples from standard eating places in Nashville:

Transportation in Nashville

Automobile insurance coverage premiums in Tennessee run about $2,090 per yr for full protection, whereas minimal legal responsibility prices round $511. Drivers in Nashville pay extra on common, as much as round $2,500. USAA, Vacationers, and Penn Nationwide are inclined to have the most cost effective charges amongst native suppliers.

The typical worth of fuel in Tennessee is often cheaper than the nationwide common, even in main cities like Nashville. Fuel in Nashville usually prices round $2.80–$2.90 per gallon.

WeGo Public Transit is the first public transportation supplier masking the Nashville metro space. A vast two-hour move is $2, however youngsters beneath 4 experience without spending a dime when with a paying passenger, and each seniors ages 65 and older and youths ages 19 and youthful pay $1. There are additionally all-day passes obtainable for $4 and 31-day passes obtainable for $65.

For commuters, the WeGo Star prepare is usually a higher strategy to get round. The WeGo Star Prepare makes rounds between seven stations, which might be extra environment friendly for individuals who work a better distance from the place they stay. The value per ticket will range relying on the place the ticket is bought, however buying tickets upfront will at all times provide a reduced worth. Passengers can nonetheless buy tickets on the platform, nevertheless, usually for $5.25.

Nashville Healthcare

The typical value of a medical insurance plan in Tennessee is about $560 per thirty days for a silver plan for a 40-year-old. Nashville’s value of healthcare is roughly the identical because the state and nationwide common, however it might range broadly relying on the insured’s age and desired protection.

The typical value of a health care provider’s go to is round $130. A go to to the dentist prices $106 on common, whereas a visit to the optometrist will value round $120. A regular vet go to for a canine or cat will value round $65, however further providers like vaccinations and checks will improve the invoice.

There are greater than eight hospitals within the Nashville metro space, together with Baptist Hospital, Metro Nationwide Basic Hospital, and Vanderbilt College Hospital.

Nashville Childcare

There are about 2,300 childcare companies in Nashville. The price of childcare goes up relying on the age of the kid. Toddler care in Davidson County averages about $11,325 yearly, versus about $9,040 for a toddler. This equates to about $944 or $753 per thirty days.

Childcare in Nashville particularly is even larger, about 3% larger than the nationwide common and 12% larger than the Tennessee common. Childcare prices in Nashville common about:

• Toddler care: $933/month
• Toddler care: $867/month
• Little one age 2+: $705/month

The standard value of hiring a nanny in Nashville is about $19 per hour. Nonetheless, charges range relying on the nanny’s expertise, the variety of youngsters, and their ages.

Nashville Leisure

Creativity is on the coronary heart of Nashville, with no scarcity of issues to do or see. From music, tradition, and the humanities to sporting occasions, procuring, nightlife, and golf programs, guests and residents alike have loads to select from in Music Metropolis.

The Nation Music Corridor of Fame is positioned in downtown Nashville and dubbed the “Smithsonian of Nation Music.” Ticket costs range relying on the tour expertise chosen, however normal admission begins at $29.95 for adults and $19.95 for kids ages 6 to 12.

The Grand Ole Opry options stay reveals of nation stars and up-and-coming expertise. Present tickets rely upon the present and the place you sit and might vary from roughly $60 to over $200.

The Belcourt Theatre screens impartial new releases and documentaries, in addition to international and traditional movies. Basic admission tickets are $13.50 for adults.

Some free issues to do in Nashville embody:

• Weekend live shows at Arrington Vineyards, April via October
• Musician’s Nook music sequence at Centennial Park, summer season and fall
• Tennessee Agricultural Museum
• First Saturday Artwork Crawl
• Trying to find murals
• Vanderbilt High-quality Arts Gallery
• Tennessee State Museum
• Fort Nashborough Interpretive Middle
• Nashville Public Library occasions

Wage in Nashville

Nashville’s median family earnings is round $75,200, considerably larger than the Tennessee median family earnings of round $67,100. The typical hourly wage within the Nashville metro space is round $29.59, translating to an annual earnings of round $59,180. Needless to say there is no such thing as a state earnings tax in Tennessee.

Nashville’s greatest industries embody healthcare, superior manufacturing, finance, larger schooling, insurance coverage, music and leisure, printing and publishing, expertise, and tourism. Unemployment hovers round 2.9%, considerably under the nationwide price of 4.1%.

Lately, Nashville has made many lists and rankings associated to its job market enterprise atmosphere, from Finest Cities for Younger Adults to Small Enterprise Friendliness.

Prime employers embody Vanderbilt College and Medical Middle, Nissan North America, HCA Healthcare., Amazon, Ascension Saint Thomas, Bridgestone Americas, Tractor Provide Firm, Parallon, Asurion, JLL, and Cisco.

Is Nashville Reasonably priced for You?

Nashville gives a dynamic mix of tradition, job alternatives, and Southern hospitality, however its value of residing varies relying in your life-style and funds. Whereas housing costs have risen lately, town’s lack of state earnings tax and comparatively inexpensive utilities can assist stability bills. Eating, leisure, and transportation prices are additionally components to contemplate when deciding if Music Metropolis is the correct monetary match for you.

In the end, whether or not Nashville is inexpensive is determined by your earnings, spending habits, and priorities. In the event you’re drawn to its vibrant environment and rising financial system, cautious budgeting could make residing right here a actuality. Able to make the transfer? Weigh your prices and discover your choices to see if Nashville aligns along with your monetary objectives.

If the alternatives of Nashville excite you, contact The Ashton Actual Property Group of RE/MAX Benefit with Nashville’s MLS at (615) 603-3602 to get in contact with native actual property brokers who can assist discover the right Nashville residence for you at the moment.