Cost of Living in Nashville, OH

With a cost of living index of 71, Nashville, OH is one of the most affordable cities in the country. Living here is 29% cheaper than the national average and 7% below the Ohio state average of 78. Nashville is a small community of 374 residents.

Housing costs are the biggest factor in Nashville's cost of living. The median monthly rent is $1,063 (19% below the US median of $1,319), and the median home value sits at $78,200 (74% below the national median of $304,900). At current prices, the median home costs roughly 1.7x the median household income — well within traditional affordability guidelines.

The median household income in Nashville is $45,625, which is 39% lower than the national median of $75,149. Residents spend roughly 28% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Nashville. The area sees an average annual temperature of 50.2°F, with summers averaging 70°F and winters around 29°F. Annual rainfall totals 41.3 inches spread over roughly 0 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.