How Much Does It Cost to Live in Nashville, Tennessee?

Nashville is a medium city located in Tennessee with a metropolitan area population of 624,496. A couple could live a moderate lifestyle in Nashville on a budget of $4,010 per month, or $48,126 per year.

Cost of Living in Nashville, Tennessee

As noted above, the cost of living in Nashville, Tennessee is $4,010 per month for a couple living a moderate lifestyle. This budget consists of $2,411 for housing related costs, $742 for food, and $857 for other costs, all of which will be broken down below.


  • A one-bedroom apartment in the city center of Nashville is estimated to cost $2,098
  • Basic utilities including electricity, water, and gas will run about $220
  • High-speed internet averages $94


  • Typical grocery costs of $508 per month include things like bread, eggs, milk, cheese, rice, chicken breast, bottled water, fruits, and vegetables
  • Alcohol including beer and wine for moderate home consumption costs about $108
  • Frequent coffees in a neighborhood café are estimated to be about $126


  • Meals out are estimated to be $475 per month, including 4 meals in mid-range restaurants and 8 in inexpensive restaurants
  • Transportation costs of $163 for public transport passes and occasional taxis
  • Fitness center memberships of $149
  • Cinema tickets of $70 include several outings for international releases

Note that Nashville, Tennessee is a very walkable city with a Walk Score of 94/100, which means you won’t need a car if you are living in the city center and you may even save some money by not using public transportation and taxis very often.


Amount of Money Needed to Retire in Nashville, Tennessee

Many people searching the internet for the cost of living in Nashville, Tennessee are doing so to see if and when they can quit their jobs and retire. A popular and easy way to calculate your retirement number is using the 4% Rule.

The 4% Rule estimates that a person(s) could withdraw 4% of their retirement nest egg and never run out of money. Using this calculation, a couple would need an investment portfolio of $1,203,147 to live a moderate lifestyle in Nashville, Tennessee.

Annual expenses of $48,126 ÷ 4% = $1,203,147 portfolio needed.

Of course, everyone’s financial situation is different, and the above calculation could change based on any other sources of passive income and social security income.


Overall, the cost of living in Nashville, Tennessee is affordable coming in at $4,010 for a couple living a moderate lifestyle. Those seeking to retire could do so comfortably with a retirement portfolio of $1,203,147.