Nashville’s job growth is booming but how much do you need to earn to live comfortably? – NewsChannel5.com
Nashville’s job growth is booming but how much do you need to earn to live comfortably? NewsChannel5.com
NASHVILLE, Tenn. (WTVF) — Nashville has seen a double-digit job growth in the past five years. But with all that growth, how many renters can actually afford to …
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Even though rent prices remain high, Nashville’s job and population growth are booming.
NASHVILLE, Tenn. (WTVF) — Nashville has seen a double-digit job growth in the past five years. But with all that growth, how many renters can actually afford to comfortably live here?
According to SmartAsset , residents have to earn at least $64,286 a year to afford a two-bedroom apartment, which is about $1,500 a month.
A USA Today report says the median household income in the Nashville area is $63,939 — that includes Davidson County, Murfreesboro and Franklin.
Even though rent prices remain high, Nashville’s job and population growth are booming.
Music City is one of half a dozen metro areas to see an employment growth of 20% or more over the past five years, USA Today reported — that’s 194,000 more people working in Nashville than in 2014.
Check out how Nashville’s income/ two-bedroom rent prices compare to other cities.
Jesse Knutson is working on this story and will have more tonight on NewsChannel 5 at 6 p.m.
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