Cost of Living in Nashville-Davidson metropolitan government (balance), TN
Population: 684,298 • 2026 Data
$75,197
Median Household Income
-3% vs national
$1,486
Median Monthly Rent
+10% vs national
$383,100
Median Home Value
+13% vs national
4.6%
Unemployment Rate
Housing in Nashville-Davidson metropolitan government (balance)
The median home value in Nashville-Davidson metropolitan government (balance), TN is $383,100. Monthly rent for a typical unit averages $1,486, while total monthly housing costs (including utilities and insurance) average $1,471.
Rent-to-income ratio: 23.7%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Nashville-Davidson metropolitan government (balance), TN is $75,197. The unemployment rate stands at 4.6%, with a labor force of 401,744 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.