Nashville, NC Cost Of Living
Cost Of Living In Nashville, NC Summary
Cost of living in Nashville research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Nashville is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in North Carolina, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Nashville is 94, with 100 being the average.
The cost of living index in Nashville is 0.9x lower than the national average.
Nashville ranks as the #61 cheapest in North Carolina out of 157.
Nashville ranks as the #1,806 cheapest out of 6,489 in the US.
The median home value in Nashville is $251,118.
The median income in Nashville is $63,553.
Table Of Contents
Nashville's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Nashville, NC?
According to the most recent data on the cost of living, Nashville has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to North Carolina, Nashville has a cost of living index that's 1.0x higher than North Carolina's index of 92.
The standard of living in Nashville ranks as #61 most affordable out of the 157 places we measured in North Carolina. By definition, that implies Nashville ranks as the #96 most expensive place in the Tar Heel State.
For more reading on life in Nashville, check out:
In North Carolina
In America
Nashville Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Nashville. Here is how it fairs on each of the criteria:
The Services index in Nashville is 101.
The Groceries index in Nashville is 96.
The Health index in Nashville is 114.
The Housing index in Nashville is 84.
The Transportation index in Nashville is 94.
The Utilities index in Nashville is 96.
| Living Expense | Nashville | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 94 | 92 | 100 | |
| Services | 101 | 100 | 100 | |
| Groceries | 96 | 99 | 100 | |
| Health | 114 | 106 | 100 | |
| Housing | 84 | 86 | 100 | |
| Transportation | 94 | 93 | 100 | |
| Utilities | 96 | 95 | 100 | |
Nashville, NC Housing Cost Breakdown
Housing swings affordability the most between places in North Carolina, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Nashville is $251,118.
The Median Rent in Nashville is $1,009.
The Median Income in Nashville is $63,553.
The Home Value To Income in Nashville is 4.0x.
The Rent To Monthly Income in Nashville is 0.19x.
| Statistic | Nashville | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $251,118 | $332,681 | $303,400 |
| Median Rent | $1,009 | $1,162 | $1,348 |
| Median Income | $63,553 | $69,904 | $78,538 |
| Home Value To Income | 4.0x | 4.8x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Nashville, NC Costs By Category
Detailed Nashville Services Costs Vs. North Carolina
| Item | Nashville | North Carolina |
|---|---|---|
| Shampoo | $1.09 | $1.28 |
| Movie | $10.27 | $12.13 |
| Bowling | $11.0 | $18 |
| Haircut | $19.0 | $24.26 |
| Beauty Salon | $29.58 | $45.56 |
Detailed Nashville Groceries Costs Vs. North Carolina
| Item | Nashville | North Carolina |
|---|---|---|
| Ground Beef | $5.93 | $5.84 |
| Fried Chicken | $1.59 | $1.57 |
| Milk | $4.57 | $4.67 |
| Potatoes | $5.18 | $4.93 |
| Pizza | $10.47 | $12.09 |
| Beer | $10.29 | $10.41 |
| Toothpaste | $3.65 | $3.7 |
Detailed Nashville Health Costs Vs. North Carolina
| Item | Nashville | North Carolina |
|---|---|---|
| Optometrist | $141.56 | $125.68 |
| Doctor | $136.38 | $135.78 |
| Dentist | $100.17 | $113.29 |
Detailed Nashville Transportation Costs Vs. North Carolina
| Item | Nashville | North Carolina |
|---|---|---|
| Gasoline | $3.45 | $3.46 |
| Tire Balancing | $63.55 | $59.92 |
Detailed Nashville Utilities Costs Vs. North Carolina
| Item | Nashville | North Carolina |
|---|---|---|
| All Electricity | $201.14 | $193.99 |
| Phone | $187.32 | $192.25 |
Nashville SnackAbility
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Cost Of Living In Cities Around Nashville
The cost of living varies in the cities and towns around Nashville. Here's a quick look at the cost of living in the most populous nearby places:
Raleigh, NC has a cost of living index of 112, 1.2x Nashville.
Cary, NC has a cost of living index of 125, 1.3x Nashville.
Greenville, NC has a cost of living index of 96, 1.0x Nashville.
| City | Population | Cost Of Living | Vs. Nashville |
|---|---|---|---|
| Raleigh, NC | 470,763 | 112 | 1.2x |
| Cary, NC | 176,686 | 125 | 1.3x |
| Greenville, NC | 88,540 | 96 | 1.0x |
| Rocky Mount, NC | 54,175 | 87 | 0.9x |
| Wake Forest, NC | 51,199 | 117 | 1.2x |
| Garner, NC | 32,543 | 106 | 1.1x |
| Clayton, NC | 28,043 | 103 | 1.1x |
| Knightdale, NC | 19,532 | 105 | 1.1x |
| Roanoke Rapids, NC | 15,024 | 86 | 0.9x |
| Wendell, NC | 11,585 | 102 | 1.1x |
