Cost of Living in Nashville, TN
| Cost of Living in Nashville, TN | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 32% higher | 6% higher |
| Utilities (Monthly) | 1% lower | 7% lower |
| Food | 4% higher | 1% lower |
| Healthcare | 2% higher | 10% lower |
| Transportation | 5% higher | 8% lower |
| Goods & Services | 1% higher | 5% lower |
The cost of living in Nashville, TN is 10% higher than the state average and 2% lower than the national average. Nashville, TN housing is 6% more expensive than the U.S average, while utilities are about 7% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 1% cheaper in Nashville, TN than in the rest of the country, while clothing costs around 5% less .
Healthcare services such as doctor check-ups and dentistry cost 10% less here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 5% cheaper in Nashville, TN.
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Nashville is $1,428, while home prices circle around $493,392.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Nashville, energy bills cost around $152.21 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $2.91 in Nashville, a dozen eggs go for around $2.67 and a pound of potatoes circles around $3.70.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Nashville, an optometry check-up costs around $86.33, while a dentist appointment is priced $99.96 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.45 in Nashville, while getting your tires balanced will run you about $53.24.
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $29.67 here. Meanwhile, a pair of women's slacks will set you back around $26.14.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Nashville, you should budget around $12.76 a month. When it comes to personal services, a haircut usually goes for $24.06, while dry cleaning costs about $16.14.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Nashville, the median household income is $73,138.