Cost of Living in Nashville, TN

Nashville is a thriving exciting city, but it can also be relatively affordable when compared to other large urban areas. Here's what you need to know.

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Cost of Living in Nashville, TN

Posted by Gary Ashton RE/MAX Advantage on Tuesday, February 18th, 2020 at 8:11am.

Everything to Know About Cost of Living in Nashville, TNNashville, TN is the place to be in Tennessee if you like thriving, fun communities with entertainment, good food, lots of tourism and good employment possibilities. Whether you're a budding musician or a couple hoping to retire someplace with culture and relatively mild winter weather, Nashville has something for you. It's even a good place for you to raise a family, because of the quiet suburbs in the area, where people often go just to live a modest and happy lifestyle.

If you're thinking about moving to Nashville, it's important to be aware of the cost of living in the area. Although there might be cities in Tennessee with lower cost of living, Nashville is relatively affordable compared to many other large urban areas in the United States. When you move to Nashville, you get the excitement of a populated area, but the cost of living of a smaller, quieter area. Here's what you need to know.

How Much Can You Expect to Spend in Nashville Each Month?

News sources report that the standard person in Nashville spends around $2,200 each month on necessities. Obviously, this amount can vary from one person to the next. Lifestyle factors like how often you go out, where you choose to live, what you choose to spend money on and other variables can have a big impact on how much you spend each month. People with dependents or more disposable income are more likely to spend a lot of money, while single people living alone may find it easier to live a frugal lifestyle.

This might sound expensive, except some sources say that the cost of living in Nashville is only slightly higher than the average cost of living in the United States. The greatest expense of moving to Nashville is in the housing.

Whereas the median home cost in the United States is generally $231,200, the median home cost in Nashville is about $262,000. How can you offset these costs? Find a good real estate agent. Your real estate professional can help you negotiate an affordable price, and can help you find a neighborhood with homes in your price range. Shopping around and hiring the right real estate agent is the trick to moving to the area.

What's Good About Living in Nashville?

Unemployment in Nashville has plummeted in recent years. If you work in healthcare, administrative support, or if you have a professional or technical job, you'll have many employment opportunities in the Nashville area. And, because Nashville is such a hub for musicians, it is also a draw for creative types in the state of Tennessee. If you have dreams of making a career from playing guitar, singing in a band or making art, Nashville is a good place for you. All of these factors make Nashville a great place to live.

Contact Your Real Estate Professional in Nashville

Are you thinking about moving to Nashville? If so, get in touch with a real estate professional. Your real estate agent can help you decide which neighborhoods fit your budget and lifestyle. Once you've found a home that's right for you, your real estate agent can also help you negotiate a purchase price that fits your budgeted amount.

 

Gary Ashton

The Ashton Real Estate Group of RE/MAX Advantage

The #1 Real Estate Team in Tennessee and #2 RE/MAX team in the World!

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