Study: Cost Of Living Rising In Nashville
By SOTG News Service
It’s getting more and more expensive to live in Music City, according to a new study. The Nashville Metro area came in at number one GoBankingRates.com’s list of top 10 U.S. cities where the cost of living is rising.
The website conducted a study to identify which cities have seen the largest cost of living increase over a one-year period from 2016-2017, including metrics:
- The increase in the cost of living, including food, rent, utilities, and transportation.
- The increase of income required to live comfortably.
According to the website, the median list price for a home has risen by almost 30 percent—from under $260,000 to nearly $340,000 – from April 2015 to April 2017.
The study found it takes a salary of $70,150 to live in Nashville.
Here’s the full list of cities:
- Los Angeles
- Virginia Beach
- New Orleans