The Cost of Living in Nashville – Can You Afford Music City?
Nashville offers southern charm, live music, and a robust job market – but how affordable is Tennessee’s capital? Here’s a realistic breakdown on the cost of living in Nashville.
Housing Costs in Nashville
Nashville rent and home prices have risen with its popularity, but still remain lower than US averages:
- Median Home Price: $349,000
- Average Rent for 1 Bedroom: $1,500
- Average Rent for 2 Bedroom: $1,750
Outlying suburbs like Smyrna and Mt. Juliet tend to have lower rents than downtown.
Other Nashville Living Expenses
- Groceries: $400 per month
- Utilities: $200 per month
- Transportation: Gas $2.50 per gallon, monthly bus pass $65
- Entertainment: Movies $12, Concerts $50+, Honky Tonks $10+ cover
Is Nashville Affordable?
The cost of living in Nashville is 10% below the national average, but rising. Housing costs are the main affordability challenge, especially downtown. Making around $55,000 per year provides a decent standard of living.
Tips for Affording Nashville
- Live in a suburb like Donelson to save on rent
- Get roommates to split housing costs
- Cook at home and limit dining out
- Use buses and ride shares instead of owning a car
- Look for free music and discounted entertainment
Nashville Cost of Living FAQ
Which Nashville neighborhoods are most affordable?
North Nashville, Bordeaux, Donelson, and Antioch have more budget-friendly rents under $1,000 per month.
Is grocery shopping expensive in Nashville?
Prices are similar to national averages, with budget chains like Aldi available. Farmer’s markets offer deals on produce.
Is Nashville transportation expensive?
Nashville has affordable city bus fares and rideshares. However, owning a car is expensive due to insurance, gas, and parking.
What are the best ways to save money in Nashville?
Cooking at home, using public transit, avoiding downtown parking fees, seeing free music, and bargain hunting help cut costs.
Is it realistic to live in Nashville on minimum wage?
It’s very challenging unless you have roommates or supplemental income. 30% of your income would go to a studio apartment.
Nashville offers great quality of life and job growth, but housing costs are rising. With realistic expectations and budget savvy living, experiencing Music City is within reach.