News

Actions

Cost Of Living Rising In Nashville, Study Says

Cost Of Living Rising In Nashville, Study Says
Posted
and last updated

It’s getting more and more expensive to live in Nashville, according a new study.

Music City came in at number one GoBankingRates.com’s list of top 10 U.S. cities where the cost of living is rising.

The website conducted a study to identify which cities have seen the largest cost of living increase over a one-year period from 2016-2017, including metrics:

  • The increase in cost of living, including food, rent, utilities and transportation.
  • The increase of income required to live comfortably.

According to the website, the median list price for a home rose by almost 30 percent - from under $260,000 to nearly $340,000 - from April 2015 to April 2017. 

The study found it takes a salary of $70,150 to live in Nashville.

Here’s the full list of cities:

  1. Nashville
  1. Seattle
  1. Louisville
  1. Austin
  1. Jacksonville
  1. Los Angeles
  1. Philadelphia
  1. Virginia Beach
  1. Indianapolis
  1. New Orleans