Quality of Life Assessment for a Nashville Resident Earning $84,750 per Year

This assessment explores the quality of life for an individual in Nashville, TN, earning $84,750 annually. It examines the cost of living, housing market, quality of life, access to healthcare, and quality of K-12 education compared to national averages.

Cost of Living

• Overall Cost of Living:

  • Nashville has a slightly above-average cost of living compared to other U.S. cities.
  • Essential expenses such as groceries, transportation, and utilities are moderately higher than the national average.

• Salary Consideration:

  • An annual income of $84,750 places an individual comfortably above the median household income in Nashville, offering reasonable financial cushion for typical living expenses.

Housing Market

• Median Home Prices:

  • The median home price in Nashville is higher than the national average, influenced by a strong real estate market and rapid urban growth.

• Rental Market:

  • Rent prices are also above the national average, driven by demand from a growing population and attractive local amenities.

Quality of Life

• Cultural and Recreational Opportunities:

  • Nashville offers vibrant cultural experiences, including music, arts, dining, and entertainment options, which enhance the city’s lifestyle appeal.

• Community Feel:

  • The city maintains a welcoming atmosphere with a blend of Southern hospitality and urban dynamism, contributing positively to residents’ daily life.

Access to Healthcare

• Healthcare Facilities:

  • Nashville hosts several renowned hospitals and healthcare facilities, making quality healthcare services readily accessible.

• Healthcare Costs:

  • Healthcare costs in Nashville align closely with the national average, offering diverse options for medical insurance coverage.

Quality of K-12 Schools

• Public Schools:

  • Nashville Metro public schools show a mixed performance record, with some schools excelling while others face challenges in meeting state educational benchmarks.

• Private and Charter Schools:

  • The city offers several high-performing private and charter schools, providing alternatives for families seeking specialized educational environments.

Summary

In Nashville, an individual earning $84,750 annually can maintain a comfortable lifestyle, albeit slightly costlier than other parts of the country due to higher housing and living expenses. The city offers appealing cultural resources and solid healthcare access but presents a mixed landscape of public educational quality. This salary supports an enriched urban experience