Quick answer
Overall prices in the Phoenix, AZ metro were 103.3 vs 96.3 in Nashville, TN in 2024 (US = 100), so Phoenix is 7.2% more expensive than Nashville; housing rents differ by 16% (121.2 vs 104.6). A $75,000 income in Phoenix buys about what $69,934 buys in Nashville, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Phoenix | Nashville | Phoenix vs Nashville |
|---|---|---|---|
| All items | 103.3 | 96.3 | +7.2% |
| Goods | 95.0 | 96.2 | -1.3% |
| Housing (rents) | 121.2 | 104.6 | +15.9% |
| Utilities | 93.3 | 72.0 | +29.7% |
| Other services | 104.0 | 95.1 | +9.3% |
| All items, 2008 | 105.7 | 95.7 | +10.5% |
| $50,000 in Phoenix equals in Nashville | $46,623 | ||
| $100,000 in Phoenix equals in Nashville | $93,246 | ||
| $150,000 in Phoenix equals in Nashville | $139,869 |
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Last updated 2026-10-16. Data only, not financial or tax advice.