Nashville boasts a low cost of living. In fact, it is 14 percent less than the national average, according to the Nashville Area Chamber of Commerce's "Nashville Datascape 2013." From groceries and housing to transportation and healthcare, expenses are manageable for the city's residents and visitors. The reasonable cost of living, lively music scene and job growth all play a part in why people are moving to the city in large numbers.
Large Numbers of People are Moving from Florida, California and Texas
Single households and families are coming to Nashville from all over the nation. The largest number of people moving to Nashville is from the state of Florida. In fact, 11.2 percent of out-of-state movers to Nashville are from the Sunshine State. The Nashville Area Chamber of Commerce study reported 4,881 individuals from Miami settled in Nashville last year. The cost of living is such a major factor in these moves. According to Salary.com, the cost of living in Nashville is 22.1 percent lower than in Miami.
California comes in second, as 6.7 percent of newcomers hailed from the Golden State. Los Angeles was a major player in this trend, as 7,083 people from the city traveled across the country last year to move to Nashville. The cost of living in Los Angeles is 37.3 percent higher than in Nashville. If a person earned $40,000 in Los Angeles, they would only need to make $25,077 in Nashville.
Texans are also flocking to Nashville for its low cost of living. The Tennessee city's cost of living is more than 12 percent lower than in Dallas. In fact, 6.4 percent of new movers are from Texas. Nashville welcomed 3,753 people from Dallas.
Low Cost of Living Gives People More Agency
People who reside in a city with lower costs don't have to spend all their money on necessities like groceries, transportation and healthcare, according to The Simple Dollar, a personal finance site. A minimum-wage job in Nashville would go a lot further than in Miami, Los Angeles or Texas, which means people have more discretionary income and can easily pursue cultural endeavors without breaking the bank.