Cost of Living in Nashville, TN
Nashville has a cost of living index of 105 (100 = national average), making it close to the national average. The median household income is $63,848 and the median home price is $430,000.
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Nashville at a Glance
Population
683,622
Cost of Living Index
105
Median Income
$63,848
Median Home Price
$430,000
Property Tax Rate
0.77%
Sales Tax Rate
9.25%
Rent Index
110
State
Tennessee
Living in Nashville
Nashville has a cost of living slightly above the national average. While housing at $430,000 is a significant expense, the area offers a balance between cost and quality of life.
The combined sales tax rate in Nashville is 9.25%, and the effective property tax rate is 0.77%. Property taxes are relatively low compared to the national average.