Everything else equal, we can all agree that living in a cheaper place is better than living in a more expensive place.
I’d much rather pay $500/mo in rent than $1,000. And I’d rather pay $2 for coffee than $5.
And while every neighbhorhood in Nashville might be more expensive than living in rural Tennessee, there are certain neighborhoods that are definitely cheaper.
What exactly are those Nashville neighborhoods where your dollar goes a little further — you can get that one bedroom instead of the studio?
Instead of relying on public opinion and speculation, we wanted to get the facts straight and determine which neighborhoods in Nashville are the cheapest using Saturday Night Science.
What’s the cheapest neighborhood to live in Nashville for 2024? According to the most recent census data, Rachel Jackson looks to be the cheapest Nashville neighborhood to live in.
At this point, we should make it clear that you do get what you pay for — some of these neighborhoods might not be the best places to live in Nashville. You could be sacrificing location or crime rates for more space and cheaper groceries.
Read on to see how we determined the places around Nashville that deserve a little bragging rights, or maybe you’re interested in the worst neighborhoods in Nashville.
For more Tennessee reading, check out:
- Best Places To Live In Tennessee
- Cheapest Places To Live In Tennessee
- Cheapest Cities To Live In America
- Cheapest States To Live In America
Table Of Contents: Top Ten | Methodology | Summary | Table
The 10 Cheapest Neighborhoods To Live In Nashville For 2024
/10
Population: 677
Cost Of Living Index: 94 (35th cheapest)
Home Value To Income Ratio: 2.6 (5th cheapest)
Rent To Income Ratio: 0.005 (2nd cheapest)
More on Rachel Jackson: Data | Real Estate
/10
Population: 757
Cost Of Living Index: 90 (22nd cheapest)
Home Value To Income Ratio: 2.5 (2nd cheapest)
Rent To Income Ratio: 0.015 (2cheapest)
More on Una: Data | Real Estate
/10
Population: 1,086
Cost Of Living Index: 105 (58th cheapest)
Home Value To Income Ratio: 2.5 (3rd cheapest)
Rent To Income Ratio: 0.0 (cheapest)
More on South Hampton: Data | Real Estate
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Population: 835
Cost Of Living Index: 99 (50th cheapest)
Home Value To Income Ratio: 2.5 (4th cheapest)
Rent To Income Ratio: 0.013 (11th cheapest)
More on Hoggett Ford Road: Data | Real Estate
/10
Population: 782
Cost Of Living Index: 97 (44th cheapest)
Home Value To Income Ratio: 3.0 (12th cheapest)
Rent To Income Ratio: 0.013 (10th cheapest)
More on Bells Bend: Data | Real Estate
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Population: 2,246
Cost Of Living Index: 92 (30th cheapest)
Home Value To Income Ratio: 3.1 (15th cheapest)
Rent To Income Ratio: 0.015 (23rd cheapest)
More on Hermitage Hills: Data | Real Estate
/10
Population: 1,945
Cost Of Living Index: 91 (26th cheapest)
Home Value To Income Ratio: 2.5 (cheapest)
Rent To Income Ratio: 0.018 (44th cheapest)
More on Villages Of Larchwood: Data | Real Estate
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Population: 12,018
Cost Of Living Index: 85 (8th cheapest)
Home Value To Income Ratio: 2.7 (7th cheapest)
Rent To Income Ratio: 0.021 (55th cheapest)
More on Talbot’s Corner: Data | Real Estate
/10
Population: 715
Cost Of Living Index: 92 (30th cheapest)
Home Value To Income Ratio: 3.6 (33rd cheapest)
Rent To Income Ratio: 0.013 (9th cheapest)
More on Merry Oaks: Data | Real Estate
/10
Population: 2,556
Cost Of Living Index: 89 (20th cheapest)
Home Value To Income Ratio: 2.9 (9th cheapest)
Rent To Income Ratio: 0.019 (45th cheapest)
More on Bordeaux: Data | Real Estate
Methodology: How We Determined The Cheapest Nashville Hoods In 2024
To rank the cheapest places to live in Nashville, we had to determine what criteria define “cheap” and then apply Saturday Night Science.
Using Census and extrapolated BLS data, we arrived at the following set of criteria:
- Overall Cost Of Living
- Rent To Income Ratio
- Median Home Value To Income Ratio
We then ranked each neighborhood with scores from 1 to 79 in each category, where 1 was the cheapest.
Next, we averaged the rankings for each neighborhood to create a cheap neighborhood index.
And finally, we crowned the neighborhood with the lowest cheapest neighborhood index, the “Cheapest City Neighborhood In Nashville.” We’re lookin’ at you, Rachel Jackson.
We updated this article for 2024. This is our fourth time ranking the cheapest neighborhoods to live in Nashville. Skip to the end to see the list of all the neighborhoods in the city, from cheapest to most expensive.
Summary: Lowest Cost Places To Live In Nashville
If you’re measuring the neighborhoods in Nashville where prices are low, and it’s cheap to live, this is an accurate list.
The most affordable neighborhoods in Nashville are Rachel Jackson, Una, South Hampton, Hoggett Ford Road, Bells Bend, Hermitage Hills, Villages Of Larchwood, Talbot’s Corner, Merry Oaks, and Bordeaux.
As mentioned earlier, the neighborhoods in Nashville aren’t all cheap. Historic Edgefield takes the title of the most expensive neighborhood to live in Nashville.
The most expensive neighborhoods in Nashville are Historic Edgefield, Centenary, Stadium Area, Hillsboro West End, and East End.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Tennessee reading, check out:
- Most Dangerous Cities In Tennessee
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- Safest Places In Tennessee
- Worst Places To Live In Tennessee