Nashville-Davidson, TN is an exciting city filled with unique opportunities. It is the home of thriving business and entertainment destinations such as Bridgestone Arena, Nissan Stadium, and The Grand Ole Opry. As far as housing costs are concerned, the average 2 bedroom rent in Nashville-Davidson is $1,480 per month which is higher than the US average of $1,430. In addition to this, grocery cost index in Nashville-Davidson is 102 compared to 100 nationally. As such it can be concluded that living costs in Nashville-Davidson tend to be a bit higher than those found in other cities in the US. Despite this however, many people choose to call Nashville-Davidson their home due to its abundance of job opportunities offered by companies like AT&T Inc., Ryman Hospitality Properties Inc., Dollar General Corporation and HCA Healthcare Inc.
Nashville has an unemployment rate of 4.5%. The US average is 6.0%.
Nashville has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 48.3%, which is higher than the US average of 33.5%.
Tax Rates for Nashville
- The Sales Tax Rate for Nashville is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Nashville is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Nashville
- The average income of a Nashville resident is $27,798 a year. The US average is $28,555 a year.
- The Median household income of a Nashville resident is $65,565 a year. The US average is $69,021 a year.