Nashville, TN cost of living
TN · BLS RPP 99.8
Overall RPP
99.8
US = 100
Housing RPP
105.6
Housing component
Goods RPP
98.2
Goods component
2-BR Rent (HUD)
$1,580/mo
FY2024 FMR
What salary do you need in Nashville, TN?
Equivalent salary to maintain the same purchasing power as in a US-average city (RPP 100).
| In US-average city | You need in Nashville, TN | Formula |
|---|---|---|
| $50,000 | $49,900 | $50,000 x (99.8/100) |
| $75,000 | $74,850 | $75,000 x (99.8/100) |
| $100,000 | $99,800 | $100,000 x (99.8/100) |
| $125,000 | $124,750 | $125,000 x (99.8/100) |
| $150,000 | $149,700 | $150,000 x (99.8/100) |
| $200,000 | $199,600 | $200,000 x (99.8/100) |
This tool provides estimates only. Equivalent-salary figures are derived from BLS Regional Price Parities (RPP) and HUD Fair Market Rents — they are averages, not guarantees. Actual cost of living varies by neighborhood, lifestyle, and individual circumstances. Not financial advice.
State income tax note
Tennessee has no state income tax on wages.
Frequently asked questions
- What is the cost of living in Nashville, TN?
- Nashville, TN has a BLS Regional Price Parity of 99.8 (US average = 100). It is 0.2% less expensive than the national average.
- What salary do I need to live in Nashville, TN?
- If you earn $100,000 in a US-average city (RPP 100), you would need approximately $99,800 in Nashville, TN to maintain the same purchasing power.
- What is the average rent in Nashville, TN?
- The HUD Fair Market Rent for a 2-bedroom in Nashville, TN is approximately $1,580 per month as of FY2024.
Compare with other cities
Buying a home in Nashville, TN? See closing costs at TallyClose.