NASHVILLE, Tenn. (WKRN) — Just as one man’s trash is another man’s treasure, what may be affordable to some, may be unaffordable to others.
Even so, a new report from Roofstock.com has compared affordable U.S locations that are experiencing the most population growth, ranking the Nashville area as the 9th fastest growing large U.S metro with a below-average cost of living.
“The growth has been rampant,” Jeff Checko said, a real estate agent at the Ashton Real Estate Group of RE/MAX Advantage, who admits prices are rising, but when it comes to affordability, it’s all relative and dependent in how you look at it.
According to the real estate website, Roofstock, the cost of living in the Nashville metro is 5.6 percent less than the national average.
Other data is as follows:
Percentage change in population (2017–2020): 4.5%
Total change in population (2017–2020): 84,783
Population 2020: 1,961,232
“There are other metrics that Nashville is judged on besides just housing that do contribute to us being affordable. Of course, we have no state income tax, we have more of a fair tax set up here, where you have 9.25 percent sales tax, and we also benefit from certain tax free weekends,” Checko said.
