LivingCostFacts / metro
The Nashville-Davidson--Murfreesboro--Franklin, TN metro has a 2024 price parity of 96.3, with the U.S. level set to 100.
BEA 2024 · HUD FY2027 · ACS 2020–2024 · CPI through 2026-10
BEA 2024
BEA 2024; U.S. = 100
Population-weighted county FMR, FY2027
Weighted mean of county medians, ACS 2020–2024
Regional Price Parities (RPPs) compare prices across places in the same year. An index of 110 means prices are 10% above the U.S. level; 90 means 10% below. RPP measures relative price levels, while CPI measures price change over time.
BEA 2024 regional context; each category is compared with its own U.S. = 100 benchmark. These are not county price estimates or spending shares.
Black marker: U.S. benchmark = 100 in each row.
Fair Market Rent (FMR) is HUD’s estimate of the 40th percentile gross rent for standard-quality rental homes occupied by recent movers. It includes rent and most tenant-paid utilities. A household’s actual rent can differ substantially by neighborhood, lease and property.
HUD FY2027 gross monthly FMR; includes most tenant-paid utilities. Dollars per month.
Metro household income here is a population-weighted mean of available member-county median incomes, using HUD pop2024 weights. It is not a published metro median. Rent is weighted in the same way. Counties without an income or rent estimate are omitted from that measure. Membership follows the July 2023 Census CBSA delineation.
No matching BLS metro CPI series is assigned here. The national and regional CPI series on the home page provide wider context, but do not measure this metro’s inflation.
BLS May 2025 average annual pay across occupations is $66,390 in the matching JobPayFacts metro data. Individual-worker wages and household income measure different things.
BEA RPP, U.S. = 100 each year. This is not an inflation index.
| Period or category | Value |
|---|---|
| 2008 | 95.7 |
| 2009 | 95.2 |
| 2010 | 96.7 |
| 2011 | 97.0 |
| 2012 | 97.4 |
| 2013 | 97.6 |
| 2014 | 97.3 |
| 2015 | 97.3 |
| 2016 | 99.3 |
| 2017 | 98.5 |
| 2018 | 94.0 |
| 2019 | 95.8 |
| 2020 | 95.9 |
| 2021 | 95.2 |
| 2022 | 96.5 |
| 2023 | 97.0 |
| 2024 | 96.3 |
Each category has its own U.S. benchmark of 100. Components are indexes, not spending shares.
| Category | 2024 RPP |
|---|---|
| All items | 96.3 |
| Goods | 96.2 |
| Housing rents | 104.6 |
| Utilities | 72.0 |
| Other services | 95.1 |
HUD 40th percentile gross rent for standard-quality units; includes tenant-paid utilities except telephone, cable and internet. These are benchmarks, not asking-rent medians.
| Home size | FY2027 monthly gross rent |
|---|---|
| Studio | $1,544 |
| 1 bedroom | $1,606 |
| 2 bedrooms | $1,755 |
| 3 bedrooms | $2,253 |
| 4 bedrooms | $2,729 |
Income: ACS 2020–2024. Rent: HUD FY2027. Rent / income = 12 × 2BR FMR ÷ median household income; it does not measure actual renter burden.
| County or equivalent | 2BR rent / month | Median household income | Rent / income |
|---|---|---|---|
| Cannon County | $1,798 | $59,443 | 36.3% |
| Cheatham County | $1,798 | $89,852 | 24.0% |
| Davidson County | $1,798 | $77,853 | 27.7% |
| Dickson County | $1,798 | $75,003 | 28.8% |
| Hickman County | $1,028 | $68,247 | 18.1% |
| Macon County | $995 | $59,177 | 20.2% |
| Maury County | $1,474 | $76,130 | 23.2% |
| Robertson County | $1,798 | $83,047 | 26.0% |
| Rutherford County | $1,798 | $85,470 | 25.2% |
| Smith County | $1,146 | $66,293 | 20.7% |
| Sumner County | $1,798 | $90,301 | 23.9% |
| Trousdale County | $1,798 | $72,747 | 29.7% |
| Williamson County | $1,798 | $135,594 | 15.9% |
| Wilson County | $1,798 | $95,839 | 22.5% |