Housing costs in Nashville-Davidson--Murfreesboro--Franklin?
A typical home costs
$447,500, which is 32.4% more expensive than the national average of
$338,100 and 61.3% more expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Nashville-Davidson--Murfreesboro--Franklin costs
$1,380 per month, which is 3.5% more than the national average of
$1,430 and 22.5% more than the state average of
$1,070.
Can I afford Nashville-Davidson--Murfreesboro--Franklin?
To live comfortably in Nashville-Davidson--Murfreesboro--Franklin Tennes Metro Area, Tennessee, a minimum annual income of
$85,680 for a family, and
$48,400 for a single person is recommended.
What does A.I. say about Nashville-Davidson--Murfreesboro--Franklin?
The cost of living in Nashville-Davidson--Murfreesboro--Franklin, TN Metro Area is 106.5, which is 6.5 points higher than the US average of 100. This makes it more expensive to live in Nashville-Davidson--Murfreesboro--Franklin than the average city in the US. Housing costs are also significantly higher as the median house value in this metro area is $447,500, which far outpaces the US median of $338,100. Thus, anyone looking to move to or live in Nashville-Davidson--Murfreesboro--Franklin should be aware that costs will likely be significantly higher than they would be elsewhere in the country.