A view of the John Seigenthaler Pedestrian Bridge. | Photo by NASHtoday
With Nashville constantly growing and undertaking multiple high-profile developments this year, we figured it was time to talk about the cost of planting some roots in Music City.
The median household income in Davidson County is $66,047 according to the US Census Bureau. State-wise, Tennessee is 42 in the country for median income at ~$54,833 per household.
The overall cost of living in Nashville is higher than the national average. | Screenshot via bestplaces.net
The overall cost of living in Nashville is higher than the national average, and higher than the rest of the state.
In the 615, the cost of healthcare is lower compared to other parts of the state and the US. However, the cost of groceries, housing, transportation, and other miscellaneous expenses in the city have higher average costs than other cities in Tennessee and the country overall.
Breaking down the numbers
Hypothetically speaking, if you live in a household that brings in $50,000 annually – according to experts — you shouldn’t spend more than 30% of your monthly gross income on rent and utilities. Don’t worry, we did the math for you — your max monthly budget would be $1,250. The average monthly rent for an apartment in Nashville is $1,819.
According to a recent study by Attom Data Solutions, it’s still more affordable to rent a home in Davidson County.
Take a look at the chart below to see how Nashville’s cost of living compares to that of Memphis, the state’s second largest metropolitan area.
Nashville has less affordable health care than Memphis. | Screenshot via bestplaces.net
Interested in seeing Nashville’s cost of living compared to cities in other states? We played around on NerdWallet’s cost of living calculator, where you can plug in any city along with your current pre-tax household income to find out what other cities you could actually afford to live in.
We looked at the cost of living in Nashville compared to Austin, TX. Here’s what we found:
The cost of living is 4% higherin Austin.
To maintain our standard of living, we would need to bring in $51,996 to our Austin household.
The median cost for a two-bedroom apartment is $1,734, which is $362 more than Nashville.
POLL
What would you tell someone who is considering moving here about the cost of living?
A. Prepare yourself for sticker shock - it’s expensive
B. Prices are reasonable - not exorbitant, not cheap
C. This is a really affordable city to live
Holiday Movie Nights at The Hampton Social Rooftop | Monday, Dec. 19 | 7-10 p.m. | The Hampton Social, 201 1st Ave. S. | $25 | Tickets include a screening of “Home Alone,” one limited-edition cocktail or mocktail, and a blanket while supplies last — plus, Knockin’ Roots and The NASH Collection will pop-up.
David Cook’s 40th Birthday Extravaganza | Tuesday, Dec. 20 | 7:30 p.m. | City Winery, 609 Lafayette St. | $20+ | The former “American Idol” winner will celebrate his birthday with an evening of music.
Wednesday, Dec. 21
Elf The Musical | Wednesday, Dec. 21-Sunday, Jan. 1 | Times vary | TPAC, Polk Theater, 505 Deaderick St. | $50 | Buddy mistakenly crawls into Santa’s bag of gifts and is transported to the North Pole in this Nashville Repertory Theatre production based on the hit holiday movie.
Thursday, Dec. 22
Opry Country Christmas Show | Thursday, Dec. 22 | 7 p.m. | Grand Ole Opry House, 2804 Opryland Dr. | $40+ | See performances by Opry members Mandy Barnett, Charlie McCoy, Riders in the Sky, and others.
Reveillon | Friday, Dec. 23 | 5-10 p.m. | Margot Cafe & Bar, 1017 Woodland St. | Cost of purchase | Celebrate the season in high French style at this themed dinner.
We have a calendar filled with events and activities you can plan for in advance. Click the button below to bookmark ideas for upcoming date nights, family outings, and time with friends.
7 common mistakes when hiring a financial advisor 👀
SmartAsset matches you with vetted financial advisors in your area. | Photo by SmartAsset
Life should be a balance of adventure and relaxation — not balancing finances. Enter: Working with a financial advisor. But choosing the wrong one could potentially wreak havoc on your retirement and investments.
Avoid these 7 common mistakeswhen hiring a financial advisorso you can get back to the balance that matters most.
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Smashin Crab Hendersonvillehas expanded its footprint in Nashville with the opening of a ghost kitchen in Midtown — 614 18th Ave. N. The restaurant will offer pick-up and delivery within a 12-mile radius via Uber Eats, DoorDash, and other delivery apps. 🦀
Transit
WeGo’s on a roll. Look back at the public transit agency’s milestone year, which included opening the Hillsboro Transit Center, breaking ground on the Dr. Ernest Rip Patton, Jr. North Nashville Transit Center, and launching a digital payment system. Ride into the new year with real-time bus info.
Sports
The Tennessee Titans were defeated by the Los Angeles Chargers yesterday afternoon 17-14. With the loss, the Titans fall to 7-7 for the season. The team will be back at Nissan Stadium on Saturday, Dec. 24 to take on the Houston Texans.
Outdoors
Join Hands On Nashville for a family-friendly tree planting at McFerrin Park on Saturday, Jan. 14. The event, held in partnership with the Nashville Tree Foundation and Metro Water Services, aims to promote better air quality for the surrounding neighborhoods. Registration is now open. 🌳
Watch
British film magazine Sight and Sound released its once-a-decade ranking of the “100 greatest films of all time.” The Belcourt Theatre will screen the top 10 films, including “Citizen Kane,” “Mulholland Dr.,” “Singin’ in the Rain,” and others. Individual tickets and series passes are on sale.
Shop
If you’re looking for a last-minute gift for someone on your list, look no further. Let us introduce you to gift cards from our NASHtoday shop, Six & Main. Purchase a gift card today. 🎁
Give the gift of a quality shave month after month with a Harry’s trial set and blade subscription. Choose your handle color, refill frequency, and let the good shave days roll in for as little as $5on sign-up (yes, you heard that right). 🪒*
Real Estate
When the dream job came knocking, the Abernethys needed to sell their house and move — quickly. See how they were able to sell in record time.*
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LIFESTYLE
Culture
What Nashvillians googled in 2022
See what Nashvillians have been Googling this year. | Photo by Pixabay via Pexels
We’ve been examining your Google search history... but don’t worry, you’re not the only one looking up “marry me chicken” and “great eared nightjar.” Google dropped the Nashville area’stop trending searches from 2022, and we’re here with the results.
Nashville loves a good time — we searched for “waterparks near me” and “car shows near me” the most, too. Luckily for us, Nashville Shores has 2023 passes on sale and the Slammedenuffcar showreturns to Lebanon in April.
Itching to know what else your neighbors have been Googling? Check out the full list of the Nashville area’s top 10 trending “near me” searches.
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