Nolensville, Tennessee Cost Of Living

F

20%

Overall NAT. AVG.

4%

Goods & Services NAT. AVG.

81%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2023; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Nolensville	Tennessee	National
Cost of living	120	89	100
Goods & Services	96	94	100
Groceries	98	94	100
Health care	91	90	100
Housing	181	80	100
Transportation	91	90	100
Utilities	89	94	100

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Cost Of Living Quick Facts

The cost of living in Nolensville is 35% higher than the Tennessee average
The cost of living in Nolensville is 20% higher than the national average
Nolensville housing is 81% higher than the national average
Tennessee general sales tax is 37% higher than the national average
Tennessee state income tax is 100% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$153,596	$12,800	$3,584	$4,608
Renters	$99,338	$8,278	$2,318	$2,980

A good way to judge both the affordability of the housing and the cost of living in Nolensville is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Nolensville has a median income of about $153,596 for people who own homes. Based on that number, a maximum of $3,584 should be spent on expenses related to housing. Renters have a slightly different median income, which is $99,338. Based on this average, renters should spend no more than $2,318 on all rental costs if they want to maintain a non-impoverished standard of living.

Tennessee Sales Tax

State	General Sales Tax	With Max Surtax
Tennessee	7%	9.75%

Tennessee Income Tax

State	Income Tax (Low)	Income Tax (High)
Tennessee	0%	0%

Goods & Services

Item	Nolensville	National avg.	Difference
Haircut	$23.75	$22.08	7.6%
Beauty Salon	$41.35	$42.88	3.6%
Toothpaste	$2.04	$2.57	20.3%
Shampoo	$1.06	$1.15	7.8%
Movie	$12.84	$11.51	11.6%
Bowling	$19.54	$16.62	17.6%

Groceries

Item	Nolensville	National avg.	Difference
Ground Beef	$5.30	$4.98	6.4%
Fried Chicken	$1.68	$1.58	6.0%
Milk	$2.33	$2.42	3.6%
Potatoes	$3.25	$3.54	8.1%
Pizza	$10.18	$11.49	11.4%
Beer	$10.07	$10.04	0.2%

Health Care

Item	Nolensville	National avg.	Difference
Optometrist	$86.77	$117.76	26.3%
Doctor	$106.23	$125.34	15.2%
Dentist	$100.08	$107.52	6.9%
Ibuprofen	$9.56	$10.26	6.8%
Lipitor	$466.46	$459.24	1.6%

Housing

Item	Nolensville	National avg.	Difference
Home Price	$483,300.00	$184,700.00	161.7%
Avg. Mortgage Payment	$1,861.59	$1,697.41	9.7%
Apartment Rent	$2,338.00	$949.00	146.4%

Transportation

Item	Nolensville	National avg.	Difference
Gasoline	$3.57	$3.85	7.2%
Tire Balancing	$50.99	$57.01	10.6%

Utilities

Item	Nolensville	National avg.	Difference
All Electricity	$142.88	$177.27	19.4%
Phone	$190.02	$189.62	0.2%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
La Vergne, TN	35,556	91	9.0%
Smyrna, TN	50,820	92	8.1%
Nashville, TN	667,070	94	5.6%
Murfreesboro, TN	141,704	96	4.1%
Berry Hill, TN	1,220	98	1.6%
Nolensville, TN	9,221	120	20.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Rensselaer, NY	9,223	98	2.3%
West Perth, ON	9,223	n/a
Molalla, OR	9,224	109	9.5%
Dunn Loring, VA	9,217	181	81.0%
Flowood, MS	9,213	92	8.3%
Nolensville, TN	9,221	120	20.3%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2023; this is the most current data available.