Thinking about moving to Nashville?
You’ll be in good company. Between 2010 and 2016, more than 59,166 people have moved to Nashville, an increase of 9.8%. New residents are attracted to Nashville’s robust economy, hip culture, legendary nightlife, country music chops, and vibrant identity. Nashville is quite simply one of America’s coolest cities.
Nashville is home to 660,388 Nashvillians. With an area of 475.1 square miles, Nashville has a population density of 1,390 persons per square mile, which makes it less dense than many other cities of comparable size.
The Nashville-Davidson–Murfreesboro–Franklin, TN Metropolitan Statistical Area boasts a population of 1,865,298 people, of which Nashville proper’s population makes up 35%.
One of the drawbacks of all of Nashville’s growth and livability are its relatively high housing prices. The median home value in Nashville is $231,400, 15% above the US median value, according to Zillow. The median price per square foot in Nashville is $140. Over the past 5 years, home values in Nashville have increased by 10%.
Renters in Nashville will also have a hard time finding affordable housing. The median rent in Nashville is $1,548 per month, which is 8% higher than the US median. Over the past year, rental rates in Nashville have increased by 2.3%.
The Nashville economy is on fire. The Nashville metro area’s GDP grew by 34% between 2010 and 2015, from $85 billion in 2010 to $114 billion in 2015, a total increase of $29 billion. The metro area has a per capita GDP of $60,945. According to the US Census Bureau, the median household income in Nashville, TN is $54,047, 13% higher than the national median. Nashville’s unemployment rate is 3.3%.