Short answer: It depends. Nashville's cost of living is 101.4 which is a bit higher than the average of 100. However, it's important to break down the expenses and determine where money can be saved to drop yourself below this average. For example, Nashville's healthcare costs and utilities are lower than average, while housing pricing is higher than average. If you're on a budget, compromising by moving 20-30 minutes outside downtown can save you a fair amount of money. Keeping all this in mind, the median household income is about $60,000.