Nashville, TN is a vibrant city known for its music and culture. The zip code 37205 covers the downtown area and has an average two bedroom rent of $1,810. This rate is higher than the national average of $1,430 but lower than other cities like New York or Los Angeles. Groceries in Nashville are also slightly more expensive compared to the national index, with a grocery cost index of 109 versus 100 in the US. \nNashville’s economy is largely driven by tourism and hospitality; locals can find employment with popular companies such as Bridgestone Arena, CMT Music Awards, Grand Ole Opry House, Ryman Auditorium and Tennessee Titans. There are plenty of local businesses that cater to both tourists and residents alike such as Nashville Pedal Tavern, Goo Goo Cluster Factory Tour, Nashville Farmers Market and Third Man Records. With its vibrant music scene and welcoming spirit, it’s no wonder why so many people flock to this beautiful city.
Nashville (zip 37205) has an unemployment rate of 4.5%. The US average is 6.0%.
Nashville (zip 37205) 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 (zip 37205)
- The Sales Tax Rate for Nashville (zip 37205) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Nashville (zip 37205) 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 (zip 37205)
- The average income of a Nashville (zip 37205) resident is $68,980 a year. The US average is $28,555 a year.
- The Median household income of a Nashville (zip 37205) resident is $120,377 a year. The US average is $69,021 a year.