Nashville-Davidson cost of living is 101.4
| COST OF LIVING | Nashville-Davidson | Tennessee |
|---|---|---|
| Overall | 101.4 | 87.6 |
| Grocery | 102 | 95.4 |
| Health | 96.7 | 101.9 |
| Housing | 113.3 | 71.2 |
Contents
Is Nashville expensive to live in?
Overall, the average cost of living in Nashville is about 3% lower than the U.S. national average. (Though as the most popular city in the state, Nashville is roughly 7% more expensive to live in than the rest of Tennessee.) Housing prices are 9% lower than the nation’s average, and utility expenses are 10% lower.
How much do you need to live comfortably in Nashville?
A 2018 study by GoBankingRates found Nashville residents need to make $85,000 a year to “live comfortably,” $34,000 more than the city’s median income.
What is a good salary in Nashville Tennessee?
For average residents, the cost of living has skyrocketed since last year by nearly 15 percent. In 2017, GoBankingRates.com estimated that residents should earn at least $70,150 annually. Actual median household income lags far behind, at $49,891.
What is the average income in Nashville Tennessee?
Median and Average Income in Nashville top
| Y-o-Y Change | ||
|---|---|---|
| Average Household Income | $92,485.88 | 5.0% |
| Median Household Income | $60,380.00 | 10.8% |
| People below Poverty Level | 67,126 | -9.2% |
| People above Poverty Level | 363,153 | 2.2% |
Is it cheaper to rent or buy in Nashville?
In a twist of market dynamics, the cost of renting a three-bedroom apartment is currently cheaper than owning an average-priced single-family home in Nashville.An average-priced home for $260,000, with 3 percent down, costs $1,798 per month with property tax, and homeowners’ and mortgage insurance payments included.
Is it cheaper to live in Las Vegas or Nashville?
The cost of living in Nashville, TN is -3.0% lower than in Las Vegas, NV. You would have to earn a salary of $58,188 to maintain your current standard of living. Employers in Nashville, TN typically pay -9.0% less than employers in Las Vegas, NV.
What is a livable salary in Tennessee?
Living Wage Calculation for Davidson County, Tennessee
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $14.84 | $30.69 |
| Poverty Wage | $6.13 | $12.60 |
| Minimum Wage | $7.25 | $7.25 |
How much are apartment utilities in Nashville?
Numbeo.com data from 2019 shows what the average monthly utility bills for a 915 square-foot apartment cost in Tennessee’s largest cities. In Nashville, residents can expect to pay $159.32, while $145.29. For comparison, the national average is $151.96.
What is a good salary in TN?
While ZipRecruiter is seeing salaries as high as $60,636 and as low as $14,101, the majority of salaries within the Person jobs category currently range between $23,501 (25th percentile) to $35,723 (75th percentile) with top earners (90th percentile) making $48,414 annually in Tennessee.
What is minimum wage in Nashville TN?
$7.25 per hour
Tennessee’s state minimum wage rate is $7.25 per hour. This is the same as the current Federal Minimum Wage rate.
Who is the largest employer in Nashville?
Here are Nashville’s Largest Employers:
- Vanderbilt University & Medical Center.
- Nissan North America.
- HCA Holdings, Inc.
- Saint Thomas Health Services.
- Community Health Systems.
- Randstad.
- Asurion.
- The Kroger Company.
What is middle class in Nashville?
There seems to be an engine of prosperity in Nashville that’s helping pull the income distribution to the right.” In 2017, 63.2 percent of the metro area’s households were in the broad middle class, defined as having incomes between $23,000 and $113,000, according to the Brookings analysis of Census data.
What percent of Nashville is white?
Nashville Demographics
White: 63.49% Black or African American: 27.58%
Is Nashville a good place to live?
It’s one of the nation’s best places to live. Nashville has been named the 15th best place to live in the country — and it’s not because of the honky-tonks.Overall, Nashville received a 7.1 score out of 10 on the ranking’s assessment of the local job market, housing affordability, quality of life and more.
Where does Nashville rank in cost of living?
The study ranked Nashville at No. 23 on a list of the top 75 major U.S. cities that pay the highest cost of living. That ranking showed that in 2019 it is more expensive to live in Nashville than Dallas, Baltimore and Atlanta.
What is the average water bill in Nashville TN?
The monthly water bill for an average Nashville residential customer is $12.45.
Is Nashville safe?
Nashville’s violent crime rate is 183% higher than the national average. Its property crime rate is 92% higher than the national average. These statistics make the odds 1 in 20 of a person being a victim of a crime.
Why are Nashville homes so expensive?
High demand and low inventory are causing home prices in Nashville to rise at a rapid pace. Nashville home prices are rising due to low-interest rates, low inventory, and changing demographics in larger cities.
What is a good hourly wage in Tennessee?
Hourly Rate Salary in Tennessee
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $58,754 | $28 |
| 75th Percentile | $45,593 | $22 |
| Average | $37,551 | $18 |
| 25th Percentile | $27,262 | $13 |
Can I afford to move to Tennessee?
Low property taxes and no state income tax are just two reasons why you can afford to live in Tennessee comfortably.According to BestPlaces, the cost of living index score for Tennessee is 87.6, well below the national average. Home prices are exceptionally affordable, compared to many other parts of the country.
