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Nashville's job growth is booming but how much do you need to earn to live comfortably?

Posted: 11:53 AM, Jul 30, 2019
Updated: 2019-08-06 23:01:58-04
nashvilleskyline

NASHVILLE, Tenn. (WTVF) — Nashville has seen a double-digit job growth in the past five years. But with all that growth, how many renters can actually afford to comfortably live here?

According to SmartAsset , residents have to earn at least $64,286 a year to afford a two-bedroom apartment, which is about $1,500 a month.

A USA Today report says the median household income in the Nashville area is $63,939 -- that includes Davidson County, Murfreesboro and Franklin.

Even though rent prices remain high, Nashville’s job and population growth are booming.

Music City is one of half a dozen metro areas to see an employment growth of 20% or more over the past five years, USA Today reported -- that’s 194,000 more people working in Nashville than in 2014.

Check out how Nashville's income/ two-bedroom rent prices compare to other cities.

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On The Rise is NewsChannel 5's new initiative committed to highlighting growth in Middle Tennessee, including the challenges and success stories that growth can bring. Learn more about it here.

 

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