Really no big surprise here. Nashville is getting really freaking big and really freaking expensive. But it’s still pretty mind boggling to see exactly how big and how expensive compared to other cities in the country that are going through the same growth.
According to MSN.com, here are the Top 10 cities where cost of living is rising the fastest:
- Nashville, TN
- Seattle, WA
- Louisville, KY
- Austin, TX
- Jacksonville, FL
- Los Angeles, CA
- Philadelphia, PA
- Virginia Beach, VA
- Indianapolis, IN
- New Orleans, LA
GOBankingRates conducted a study to find out the US cities that have seen the largest cost of living increase in the 2016 to 2017 time frame. Nashville saw the biggest rise of living cost. More of the study from GOBankingRates:
Live Comfortably Amount Increase: $9,135
Cost of Living Index Increase: 8.61 points
Housing costs are closely tied to a city’s cost of living. Viewed in this way, it makes sense why Nashville topped the list. Home prices have been surging over the years in Nashville. From April 2015 to April 2017, the median list price for a home rose by almost 30 percent, from under $260,000 to nearly $340,000. It takes a salary of $70,150 to live in Nashville today.
Read more of the story and the study from MSN.com here.