Quality of Life in Nashville, TN on a $123,000 Salary

Making an annual salary of $123,000 in Nashville, TN provides a relatively comfortable quality of life, especially when compared to many other parts of the United States. Here's an overview of key factors affecting the quality of life:

Cost of Living

• Overall Cost: Nashville's cost of living is about average when compared to other cities in the U.S. However, it is slightly higher than the national average.
• Utilities: Utility costs, including electricity and water, are typically moderate, aligning closely with national averages.
• Groceries and Transportation: These categories tend to hover around national averages, making them manageable for someone with a $123,000 income.

Housing Market

• Home Prices: As of the latest data, the median home price in Nashville is above the national median. A salary of $123,000 should allow for a comfortable mortgage on a modest home, although home affordability is becoming a challenge due to rising prices.
• Renting vs. Buying: Renting can be fairly expensive in some desirable neighborhoods, but still, multiple options are available that fit well within this income bracket.

Quality of Life

• Entertainment and Culture: Nashville is renowned for its vibrant music scene, rich cultural heritage, and a variety of restaurants and entertainment facilities.
• Outdoor Activities: Numerous parks, hiking trails, and outdoor recreational opportunities contribute to a high quality of life.

Access to Healthcare

• Healthcare Facilities: Nashville is home to several top-tier hospitals and healthcare facilities, providing excellent access to medical care.
• Healthcare Costs: While costs can be high, they are often offset by quality care and employer-provided health insurance for higher-income earners.

Quality of K-12 Schools

• Public Schools: Nashville's public school system varies widely in quality, with some highly-rated schools and others requiring improvement.
• Private Schools: There are many private school options, which can be viable for those with a $123,000 salary, offering excellent educational opportunities.

Summary

Overall, a $123,000 salary in Nashville, TN, allows for a high quality of life with access to cultural amenities, healthcare, and educational opportunities. While home prices are on the rise, the income still provides the means to live comfortably and enjoy the many facets of life that this vibrant city offers.