Davidson County · Tennessee · South · 690k residents
Nashville, TN: economy, jobs & business costs
The site-selection read on Nashville: labor costs, talent, corporate tax, energy, and business activity, with the Tennessee median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: Curated city row; coverage varies by fact.
Average weekly wages in the surrounding labor market run $1,662/wk. Tennessee's corporate income tax rate is 6.5%. Commercial electricity averages 12.1¢/kWh.
Compare Nashville side by side
Avg. weekly wage
$1,662/wk
Corporate income tax
6.5%
Bachelor's degree or higher
48%
Commercial electricity
12.1¢/kWh
Economic momentum
How fast Nashville's economy is moving, ranked against the US cities we track.
25/100
Cooling
Ranks Nashville's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| Median home value | $450,000 |
| Price per sq. ft. | $275 |
| Property tax rate | 0.6% |
| 1-bedroom rent | $1,550/mo |
| 2-bedroom rent | $1,850/mo |
| State & local income tax | 0% |
| Sales tax | 9.25% |
| Corporate income tax | 6.5% |
| Avg. weekly wage | $1,662/wk |
| Bachelor's degree or higher | 48% |
| Commercial electricity | 12.1¢/kWh |
| Businesses per 1k residents | 43.7/1k |
| Wage: Software developer | $126,610 |
| Wage: Registered nurse | $84,040 |
| Wage: General manager | $119,990 |
| Wage: Customer service | $45,510 |
| Wage: Warehouse worker | $38,190 |
| Wage: Heavy truck driver | $60,630 |
| Wage: Electrician | $63,340 |
| Wage: Retail salesperson | $34,420 |
| Cost of living index | 102 |
| Groceries index | 100 |
| Utilities | $160/mo |
| Transit pass | $65/mo |
| Gas price | $2.95/gal |
| Healthcare index | 99 |
| Childcare (per child) | $1,250/mo |
| Median household income | $71,000 |
| Unemployment rate | 3.3% |
| Population | 690k |
| Crime index | 51/100 |
| School rating | 6.0/10 |
| Walkability | 29/100 |
| Disaster risk | 97/100 |
| Avg. commute | 27 min |
| Sunny days / year | 208 days |
| July high | 89°F |
| January low | 28°F |
| Annual snowfall | — |
| Home price YoY | -3.3% |
| Home price MoM | -0.4% |
| Rent YoY | -0.6% |
| Rent MoM | 0.0% |
| Employment (jobs) YoY | -0.9% |
| Building permits YoY | -18.3% |
| Ocean coast | 399 mi |
| Big lake | 82 mi |
| Mountains | 114 mi |
| Major airport | 7 mi |
| Ski resort | 185 mi |
Popular comparisons
Nearby
- Brentwood, TN · 46k
- Goodlettsville, TN · 18k
- Hendersonville, TN · 63k
- Mount Juliet, TN · 42k
- La Vergne, TN · 40k
Similar size
- Memphis, TN · 619k
- Knoxville, TN · 195k
- Chattanooga, TN · 186k
- Clarksville, TN · 176k
- Murfreesboro, TN · 161k
Real listings in Nashville
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Nashville a good place to run a business?
- Tennessee's corporate income tax rate is 6.5%; average weekly wages in the surrounding labor market run $1,662/wk; commercial electricity averages 12.1¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Nashville, TN?
- Nashville indexes at 102 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,850/mo and a median home value of $450,000.
- How much does a house cost in Nashville?
- The median home value in Nashville is $450,000 (compiled estimate; individual listings vary).
- How much is rent in Nashville?
- A two-bedroom in Nashville rents for about $1,850/mo.