Savings rate in Nashville — are you on track?
Nashville is a high cost city. Nashville rents climbed to $1,800/month following rapid population growth and a corporate relocation boom. Nashville's no-income-tax advantage is increasingly offset by rent growth that has outpaced local wage increases.
Median rent
$1,800/mo
Nashville 2023
Typical other costs
$1,700/mo
excl. housing
Savings benchmark
7–20%
mid-income USD
Pre-set for Nashville — adjust to your situation
What a good savings rate looks like in Nashville
Using data from BLS Consumer Expenditure Survey 2023, people at mid-range incomes in United States typically save between 7–20% of gross income. In a high cost city like Nashville, housing costs can compress that meaningfully — especially for renters.
Source: BLS Consumer Expenditure Survey 2023. Benchmarks shown for mid-income earners in United States.
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