Quick answer
Overall prices in the Nashville, TN metro were 96.3 vs 97.9 in Richmond, VA in 2024 (US = 100), so Nashville is 1.6% less expensive than Richmond; housing rents differ by 6% (104.6 vs 99.1). A $75,000 income in Nashville buys about what $76,183 buys in Richmond, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Nashville | Richmond | Nashville vs Richmond |
|---|---|---|---|
| All items | 96.3 | 97.9 | -1.6% |
| Goods | 96.2 | 96.8 | -0.5% |
| Housing (rents) | 104.6 | 99.1 | +5.5% |
| Utilities | 72.0 | 89.2 | -19.4% |
| Other services | 95.1 | 98.6 | -3.5% |
| All items, 2008 | 95.7 | 98.1 | -2.5% |
| $50,000 in Nashville equals in Richmond | $50,789 | ||
| $100,000 in Nashville equals in Richmond | $101,578 | ||
| $150,000 in Nashville equals in Richmond | $152,367 |
Related
- Cost of living: Portland, OR vs Nashville, TN (2024)
- Cost of living: Nashville, TN vs Providence, RI (2024)
- Cost of living: Nashville, TN vs Raleigh, NC (2024)
- Cost of living: Riverside, CA vs Nashville, TN (2024)
- Cost of living: Sacramento, CA vs Nashville, TN (2024)
- Cost of living: Nashville, TN vs Salt Lake City, UT (2024)
- Cost of living: San Antonio, TX vs Nashville, TN (2024)
- Cost of living: San Diego, CA vs Nashville, TN (2024)
Last updated 2026-10-16. Data only, not financial or tax advice.