Housing costs in Nashville?
A typical home costs
$509,100, which is 50.6% more expensive than the national average of
$338,100 and 83.5% more expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Nashville costs
$2,080 per month, which is 94.4% more than the national average of
$1,070 and 33.7% more than the state average of
$1,380.
Can I afford Nashville?
To live comfortably in Nashville (zip 37201), Tennessee, a minimum annual income of
$97,560 for a family, and
$73,600 for a single person is recommended.
What does A.I. say about Nashville?
The cost of living in 37201 Nashville, TN is generally higher than the national average. According to BestPlaces, the cost of living in this area is 11% higher than the US average. Housing prices are relatively high compared to other areas, with median home values at $297,400. The median rent price is also on the rise and currently sits at $1,495 a month. Transportation costs such as gas and car insurance are also substantially higher than in other parts of the country. On top of that, groceries tend to be slightly more expensive here as well. In general, it's expected that the cost of living in 37201 Nashville will continue to increase slightly over time.