Quick answer
Overall prices in the Detroit, MI metro were 100.3 vs 96.3 in Nashville, TN in 2024 (US = 100), so Detroit is 4.1% more expensive than Nashville; housing rents differ by 9% (94.7 vs 104.6). A $75,000 income in Detroit buys about what $72,039 buys in Nashville, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Detroit | Nashville | Detroit vs Nashville |
|---|---|---|---|
| All items | 100.3 | 96.3 | +4.1% |
| Goods | 98.8 | 96.2 | +2.7% |
| Housing (rents) | 94.7 | 104.6 | -9.5% |
| Utilities | 107.0 | 72.0 | +48.7% |
| Other services | 102.6 | 95.1 | +7.8% |
| All items, 2008 | 100.6 | 95.7 | +5.1% |
| $50,000 in Detroit equals in Nashville | $48,026 | ||
| $100,000 in Detroit equals in Nashville | $96,052 | ||
| $150,000 in Detroit equals in Nashville | $144,078 |
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Last updated 2026-10-16. Data only, not financial or tax advice.