The real estate market in Nashville, Tennessee is competitive, with a score of 50 out of 100. If you're looking to invest in the suburban housing market of Nashville, Middle Tennessee State University is located in Murfreesboro. The cost of living in Nashville is 101.4, which is slightly higher than the national average and about 14% higher than the average for the state of Tennessee. When it comes to understanding the cost of living in Nashville, it's essential to consider all factors that contribute to the overall cost.
This includes housing costs, transportation costs, food costs, and other expenses. Housing costs in Nashville are slightly higher than the national average. The median home value in Nashville is $269,000, which is higher than the national median home value of $231,200. The median rent price in Nashville is $1,400 per month, which is also higher than the national median rent price of $1,200 per month.
When it comes to transportation costs, Nashville has an average commute time of 22 minutes. This is slightly lower than the national average commute time of 26 minutes. The average cost of gas in Nashville is $2.50 per gallon, which is slightly lower than the national average cost of gas at $2.60 per gallon. Food costs in Nashville are also slightly higher than the national average. The average cost of groceries in Nashville is $3.50 per person per meal, which is higher than the national average cost of groceries at $3.00 per person per meal. Overall, the cost of living in Nashville is slightly higher than the national average and approximately 14% higher than the average for the state of Tennessee.
It's important to take into account all factors that contribute to the overall cost when determining whether or not you can afford to live in Nashville.
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