Cost of Living in Nashville
Median income in Nashville is $55,000/year ($4,583/month). Here is how to budget every dollar.
Average Rent in Nashville
$1,300
Studio
$1,550
1 Bedroom
$1,900
2 Bedrooms
Monthly Budget Breakdown: $4,583/month
How to allocate the median Nashville income of $55,000/year after taxes.
Housing
$1,550
Food & Groceries
$460
Transportation
$380
Utilities
$190
Healthcare
$230
Entertainment
$275
Personal & Other
$230
Savings
$1,268
Total
$4,583
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Affordable Neighborhoods in Nashville
East Nashville has great food and culture at below-downtown prices
Antioch and Hermitage in southeast Nashville offer the lowest rents in the metro
The Nations and Sylvan Park are up-and-coming with moderate pricing
Money-Saving Tips for Nashville
No state income tax — Tennessee eliminated it entirely in 2021
Take advantage of free live music at honky-tonks on Broadway and in East Nashville
Shop at Aldi, Kroger, and Nashville Farmers Market for grocery savings
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