Is Nashville, TN cheaper than Anchorage, AK?

Based on cost of living data, Nashville, TN is 17.6% cheaper than Anchorage, AK. This translates to saving $1320 per month.

What salary do I need in Nashville, TN to live like I do in Anchorage, AK?

If you earn $150,000 in Anchorage, AK, you'd need approximately $134,160 in Nashville, TN to maintain the same standard of living.

How does housing cost compare between Anchorage, AK and Nashville, TN?

Housing in Nashville, TN is 13.6% cheaper than in Anchorage, AK. For a two-bedroom apartment, rent is $1,840/month in Nashville, TN compared to $1,720/month in Anchorage, AK.

How much can I save per month by moving from Anchorage, AK to Nashville, TN?

Moving from Anchorage, AK to Nashville, TN could save you approximately $1320 per month, or $15840 per year, based on a $150,000 salary.

Anchorage, AK vs Nashville, TN: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

Current salary in Anchorage, AK

Numbers update automatically as you type

You'd save $1.3K/month moving to Nashville, TN

$150.0K in your current city equals $134.2K in Nashville, TN

Rent data from HUD ZIP-level estimates · COL index from area

Overall Cost

↓ 17.6%

Less expensive

Monthly Impact

$1,320

Savings

Annual Impact

$15.8K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Anchorage, AK

Population:292K

Cost Index:100

Median Home:$365K

Nashville, TN

Population:689K

Cost Index:82

Median Home:$489K

Anchorage, AK

The Last Frontier

292K

Population

State Tax

No Income Tax

Located in Alaska, this city has a population of 292K residents.

💡 Advantage: Alaska has no state income tax!

Nashville, TN

The Volunteer State

689K

Population

State Tax

No Income Tax

Climate

Humid subtropical

Notable Facts

•Music City USA
•Country music capital
•Healthcare industry hub

Major Industries

Music IndustryHealthcareTourismFinance

Cost Breakdown by Category

Annual spending: Anchorage, AK vs Nashville, TN

Category	Anchorage, AK	Nashville, TN	Difference	Change
🏠Housing	$3,066/mo	$2,651/mo	↓ $416less	13.6%
🛒Groceries	$1,329/mo	$949/mo	↓ $380less	28.6%
⚡All Utilities	$825/mo	$519/mo	↓ $306less	37.1%
🏥Healthcare	$892/mo	$607/mo	↓ $285less	31.9%
🚗Transportation	$1,448/mo	$1,284/mo	↓ $164less	11.3%
📦Other	$1,858/mo	$1,942/mo	↑ $83.70more	4.5%

🏠Housing

↓ 13.6%

Anchorage, AK

$3,066

Nashville, TN

$2,651

Difference

$416

less

🛒Groceries

↓ 28.6%

Anchorage, AK

$1,329

Nashville, TN

$949

Difference

$380

less

⚡All Utilities

↓ 37.1%

Anchorage, AK

$825

Nashville, TN

$519

Difference

$306

less

🏥Healthcare

↓ 31.9%

Anchorage, AK

$892

Nashville, TN

$607

Difference

$285

less

🚗Transportation

↓ 11.3%

Anchorage, AK

$1,448

Nashville, TN

$1,284

Difference

$164

less

📦Other

↑ 4.5%

Anchorage, AK

$1,858

Nashville, TN

$1,942

Difference

$83.70

🏠Rent Comparison

Studio

From$1,230

To$1,600

↑ $370

1 Bed

From$1,325

To$1,680

↑ $355

2 Bed

From$1,720

To$1,840

↑ $120

3 Bed

From$2,340

To$2,350

↑ $10.00

Anchorage, AKZIP-level data

1BR range: $890–$1,570/mo

Nashville, TNZIP-level data

1BR range: $1,320–$2,230/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$9,419

Monthly in Anchorage, AK

$7,952

Monthly in Nashville, TN

$1,467

Difference

Home Values

Anchorage

Nashville

$365K

Median Value

$489K

↑ +3.9%

YoY Change

↓ -2.1%

↑ +20.9%

5-Year Change

↑ +32.1%

$316K - $658K

Price Range

$320K - $1.16M

Homes in Nashville are 34% more expensive than Anchorage

Calculate payment - Anchorage Calculate payment - Nashville

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

→ $0

Same taxes

Monthly Difference

Same take-home

Effective Rate Diff

0.0%

Rate difference

Anchorage, AK

Federal Income Tax

Effective: 18.9%

$25.5K

Alaska State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 24.7%

$37.0K

Take-Home Pay

$9,416/month

$113.0K

Nashville, TN

Federal Income Tax

Effective: 18.9%

$25.5K

Tennessee State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 24.7%

$37.0K

Take-Home Pay

$9,416/month

$113.0K

Additional Tax Information

Anchorage, AK Tax Rates

Sales Tax:1.8%

Property Tax:0.9%

Nashville, TN Tax Rates

Sales Tax:9.5%

Property Tax:0.7%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.