Cost of Living in Nashville, TN
2024 data from the Bureau of Economic Analysis
Cost Index
96.3
3.7% below avg
Housing Index
104.6
Median Income
$79,020
Median Rent
$1,346/mo
Cost Breakdown
Overall96.3 (-3.7%)
Housing104.6 (+4.6%)
Goods96.2 (-3.8%)
Utilities72.0 (-28.0%)
Other Services95.1 (-4.9%)
National average = 100
Income & Housing
Median Household Income
$79,020/year
Median Home Value
$344,700
Median Monthly Rent
$1,346/mo
Per Capita Income
$43,140/year
Compare Nashville, TN With
Frequently Asked Questions
Is Nashville, TN expensive to live in?
Nashville, TN has a cost of living index of 96.3, which is 3.7% below the national average.
How much does housing cost in Nashville, TN?
Housing costs in Nashville, TN are indexed at 104.6 compared to the national average of 100. The median monthly rent is $1,346.
What is the average income in Nashville, TN?
The median household income in Nashville, TN is $79,020 per year.
What is the average home price in Nashville, TN?
The median home value in Nashville, TN is $344,700.