Cost of Living in Nashville: Whether you are looking to jumpstart your music career, looking for an area close to an abundance of outdoor space, or relocating for some other reason, Nashville, Tennessee is a great place to live. With a population of almost 700,000 in the city and the total number of inhabitants in the 13 surrounding counties, that number reaches nearly two million. With so many people living in Music City, you might be wondering how much is Nashville? Will you be able to find affordable housing? Here’s a quick guide to the cost of living in Nashville to help you navigate your move.
Cost of living in Nashville.
The cost of living in Nashville, Tennessee is about 3% lower than the overall national average, but the housing market is about 13% higher than the national average. When trying to figure out the cost of living in Nashville, you need to consider things like your average salary, your career, the current real estate market, and the area in which you are looking. Compared to New York City, Nashville is about 28% cheaper to live in overall. But, compared to other cities in the state, it’s definitely not the cheapest place to live in Tennessee.
How much does an apartment cost in Nashville?
Apartment prices in Nashville will vary depending on your needs. On average, you can expect to pay around $ 1,313 for a one-bedroom apartment and $ 1,462 for a two-bedroom. This rate may change depending on the area you are looking for. City centers tend to be more expensive due to their highly desirable locations. You might be able to find something with more space and a slightly lower price outside of town.
How do you find cheap apartments in Nashville?
Your best bet for finding a cheap apartment in Nashville is to do your research. Refine your searches based on criteria you must have met, such as number of bedrooms, outdoor space, and proximity to your workplace or school. Once you’ve done that, you’ll have a better idea of what you can expect to pay for your rent here. Quick online searches will provide you with several different options for neighborhoods, apartments, and even houses.
Browse apartments for rent in Nashville
What’s the cheapest rent in Nashville?
While some rentals in prime locations with plenty of space may cost you more per month, there are also several options for cheap apartment rentals. Anything under $ 1,000 will be considered cheap here, but with a little work you can find something in this price range. If you don’t need the extra space and only need one bedroom, you will find better rental prices for a one bedroom than a two. You also need to determine if your utilities will be included in your rent or will need to be paid for separately.
Utilities and other costs in Nashville
Your rent won’t be the only cost when moving to Nashville. Utility prices in Nashville are about 10% lower than the national average. The distinct seasons here can help you take advantage of the natural climate, allowing you to turn off the air conditioning or heating unit when the weather is nice outside. That being said, you can expect to pay around $ 160 for your monthly energy bill. For fast internet speeds, you can expect to pay around $ 70 per month, with prices changing as your speeds go up or down.
Child care can cost you around $ 1,000 per month for full-time private care. You can expect to pay a bit more for eating out and shopping in the area. Insurance rates are lower here than in other parts of the country, making owning your own vehicle more affordable. Having your own vehicle allows you to drive yourself instead of depending on public transport. Creating a well thought out budget is the key to saving money and living comfortably in Nashville.
Popular neighborhoods in Nashville
While the hustle and bustle of downtown Nashville is appealing to some, there are several other great neighborhoods to live in around the city. This city offers you the luxury of choosing from fantastic neighborhoods, each offering relatively affordable rent. Here are some of the top picks:
- Downtown: Every American city is quite likely to offer a lucrative downtown area with higher rental prices. If you are looking for an apartment here, you can expect to pay more simply because of the convenience and the highly desirable location.
- Nashville East: This community offers various dining and shopping opportunities and is a favorite spot for musicians, entrepreneurs and artists of all kinds.
- Lockeland Sources: This historic district is a welcoming neighborhood with various options of houses, condos and apartments. It’s a great choice if you’re looking to slow down a bit.
- Germantown: Young professionals thrive in Germantown, a pet-friendly area within walking distance.
While these are just a few of the neighborhoods you’ll find in this bustling city, they are each great options for living and offer different rental prices and options for living spaces.
Things to know about living in Nashville
Living in Nashville is exciting and full of fun opportunities. Here are a few things to know about life here before you move:
- Public transport is available and easy to access in the city center. However, if you live in the suburbs or have to travel long distances for work or school, it’s probably best to own your own vehicle.
- With tourism and the expanding population, you can expect quite a bit of traffic. Another of the main reasons for having your own vehicle is the increase in traffic.
- There are distinct seasons, which is good if you are leaving a generally hot or cold climate for most of the year.
- Health insurance costs in the region are lower than the national average, as is veterinary care.
If you’re a fan of live music, delicious food, and adventure opportunities, Nashville is a great place to live. The affordable housing market and the many employment opportunities make this city a neighborhood of choice for those looking for a new neighborhood to live in.