It's no secret that Nashville is one of the fastest growing cities in America. We see it in the huge number of businesses moving to town, the constantly changing downtown skyline, and the ever-growing traffic problem.
But we also see it in the rising food, transportation, and housing costs (we've all seen the painfully accurate memes about Nashville real estate).
And now we have the numbers to back it up.
According to the personal finance company Go Banking Rates, the average Nashvillian needs to make $80,548 per year to "live comfortably".
The company defines "live comfortably" as using 50% of your salary for necessities, 30% for fun, and 20% for savings/investments.
So how does that compare to other cities?
Well, in Memphis the needed income for the same standard is SIGNIFICANTLY lower - just a little over $57,000 a year.
For what it's worth, the median salary in Nashville is $49,891 - which means the average Nashvillian makes just slightly over half of what's needed to live comfortably.
Large cities like New York, Washington D.C., and San Francisco have the largest comfortable income, while Wichita, El Paso, Detroit, and Tucson represent the most affordable metro areas.