The truth is, Nashville’s cost of living has risen, but it still offers good value compared to other major U.S. cities. Overall, the Nashville cost of living in 2024 is about 4% higher than the national average. Overall Cost of Living SnapshotCompared to the national average, Nashville is slightly more expensive but more affordable than cities like Austin or Denver. 2.2 Home PricesThe median home price in Nashville is around $435,000, with an average cost of $275 per square foot. 4.2 Dining OutCasual meals: ~$13–$18/personMid-range restaurants: ~$25–$40/personFrequent dining out can significantly increase your monthly expenses in Nashville, TN.