Housing costs in Nashville?
A typical home costs
$634,500, which is 87.7% more expensive than the national average of
$338,100 and 128.7% more expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Nashville costs
$1,490 per month, which is 39.3% more than the national average of
$1,070 and 7.4% more than the state average of
$1,380.
Can I afford Nashville?
To live comfortably in Nashville (zip 37203), Tennessee, a minimum annual income of
$121,680 for a family, and
$52,800 for a single person is recommended.
What does A.I. say about Nashville?
The cost of living in 37203 Nashville, TN is relatively high compared to other parts of the country. According to BestPlaces, the cost of living index for 37203 is 102.3, which is higher than the national average of 100. The biggest expense associated with living in this area is housing, as the median home value is well over $300,000. Other expenses such as food and transportation are also more expensive than the national average, with groceries costing 15.3% more and transportation costs being 14.4% higher than the US average. All these factors combined make it one of the priciest places to live in the state.