The Cost Of Living in Nashville vs. MiamiPosted by Gary Ashton: RE/MAX on Thursday, February 21st, 2013 at 4:20pm.
When it comes down to it these days every single dollar coming into your home is going to matter to both you and your family in terms of being able to maintain your standard of living. It's the little things that can make the difference between being able to enjoy your life and just scraping to get by and that's why knowing the cost of living where you live or where you might be considering relocating to is extremely important.
So what we want to show you today is how Nashville compares to another major southern US city in terms of how much it costs (or not) to live here and that city is Miami, Florida.
Everyone has to eat and you've probably all noticed that both buying groceries and going out for dinner all seem to be far more expensive than they used to be. Moving to Nashville means that you can enjoy a family meal for about 14% less than it would cost you in Miami and even something like a bottle of water is 33% cheaper overall. When you take a look at groceries you'll find that filling your cupboard is going to cost you anywhere up to 37% less when you're living in Nashville.
The cost of utilities like oil and gas are roughly the same as in Miami but when it comes to the actual cost of buying or renting a property in Nashville versus Miami you'll notice that, yet again, there's a very large price difference. Just so you have some numbers to work with you'll want to know that renting an average apartment in Nashville is up to 38% cheaper than in Miami (an apartment of the same size of course) and when it comes to actually buying a property in Nashville you can save yourself up to 53% on the costs of a similar property in Miami.
Sometimes it's just better to talk dollars and cents instead of percentages and what it comes down to is this; what would cost you over $4,800 in Miami can be acquired or rented for just $3,800 in Nashville. That's the kind of financial difference, which has more and more people moving to Nashville every single year.
The Ashton Real Estate Group of RE/MAX Elite
The #1 RE/MAX Team in Tennessee and #25 in the USA
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