Elmwood Park, NJ vs Nashville, TN: Cost of Living

Which city costs less?

Nashville, TN has a modeled overall cost index 1.3% higher than Elmwood Park, NJ.

Elmwood Park, NJ · modeled 2BR rent: $2,690 / month
Nashville, TN · modeled 2BR rent: $1,840 / month

These are saved estimates, not current rental listings. Some cities use adjusted regional data. Your household budget can differ from the overall index. Sources and assumptions

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Cost of Living Comparison 2026

Compare Elmwood Park, NJ and Nashville, TN using saved regional data and explicit budgeting assumptions. Rent estimates are not live listings. Change the salary below, then check the source notes before applying a result to your household.

Saved regional estimates · Sources and assumptions

Current salary in Elmwood Park, NJ

Numbers update automatically as you type

Estimated extra cost: $306/month in Nashville, TN

$150,000 in your current city has a modeled equivalent of $153,669 in Nashville, TN

Regional cost estimates: Elmwood Park, NJ uses Newark, NJ. Nashville, TN uses Nashville-Davidson-Murfreesboro-Franklin, TN Metropolitan Area. Available city ZIP rent estimates are shown separately.

Overall Cost

↑ 1.3%

More expensive

Monthly Impact

$306

Extra cost

Annual Impact

$3.7K

Per year

Assumes 60% of current gross income goes to living costs. The headline uses the category budget below; taxes, moving costs and savings goals are excluded.

Elmwood Park, NJ

Population:21K

Cost Index:

101.7

100 = national average

Typical Home:$604K

Nashville, TN

Population:689K

Cost Index:

103.0

100 = national average

Typical Home:$489K

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Elmwood Park, NJ

The Garden State

21K

Population

State Tax

Yes

Located in New Jersey, this city has a population of 21K residents.

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

Estimated monthly spending: Elmwood Park, NJ vs Nashville, TN

Assumes 60% of your current gross income is spent on these categories. The headline and totals use this same budget. Rent estimates below are separate reference data. Rounded amounts may differ by $1.

Category	Elmwood Park, NJ	Nashville, TN	Difference	Change
Housing	$1,881/mo	$2,602/mo	↑ $721more	38.3%
Transportation	$1,477/mo	$1,260/mo	↓ $217less	14.7%
Groceries	$1,047/mo	$932/mo	↓ $115less	11.0%
Healthcare	$655/mo	$596/mo	↓ $59.09less	9.0%
All Utilities	$567/mo	$510/mo	↓ $57.79less	10.2%
Other	$1,872/mo	$1,906/mo	↑ $33.76more	1.8%

Housing

↑ 38.3%

Elmwood Park, NJ

$1,881

Nashville, TN

$2,602

Difference

$721

Transportation

↓ 14.7%

Elmwood Park, NJ

$1,477

Nashville, TN

$1,260

Difference

$217

less

Groceries

↓ 11.0%

Elmwood Park, NJ

$1,047

Nashville, TN

$932

Difference

$115

less

Healthcare

↓ 9.0%

Elmwood Park, NJ

$655

Nashville, TN

$596

Difference

$59.09

less

All Utilities

↓ 10.2%

Elmwood Park, NJ

$567

Nashville, TN

$510

Difference

$57.79

less

Other

↑ 1.8%

Elmwood Park, NJ

$1,872

Nashville, TN

$1,906

Difference

$33.76

🏠Rent Comparison

Studio

From$2,060

To$1,600

↓ $460

1 Bed

From$2,340

To$1,680

↓ $660

2 Bed

From$2,690

To$1,840

↓ $850

3 Bed

From$3,280

To$2,350

↓ $930

Elmwood Park, NJZIP-level data

1BR range: $2,340–$2,340/mo

Nashville, TNZIP-level data

1BR range: $1,320–$2,230/mo

💡 Note: HUD Fair Market Rents estimate 40th-percentile gross rents, including most tenant-paid utilities. City ZIP summaries are medians of those estimates, not market median rents. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,500

Monthly in Elmwood Park, NJ

$7,806

Monthly in Nashville, TN

$306

Difference

Home Values

Elmwood Park

Nashville

$604K

Median Value

$489K

↑ +2.9%

YoY Change

↓ -2.1%

↑ +30.1%

5-Year Change

↑ +32.1%

$604K

Price Range

$320K - $1.16M

Homes in Nashville are 19% less expensive than Elmwood Park

Calculate payment - Elmwood Park Calculate payment - Nashville

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $7.4K

Per year

Monthly Difference

$619

More take-home

Effective Rate Diff

5.0%

Rate difference

Elmwood Park, NJ

Federal Income Tax

Effective: 18.9%

$25.5K

New Jersey State Tax

Effective: 5.0%

$7.4K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.6%

$44.4K

Take-Home Pay

$8,796/month

$105.6K

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

Elmwood Park, NJ Tax Rates

Sales Tax:6.6%

Property Tax:2.5%

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.

Environment

Elmwood Park

Nashville

N/A

Air Quality

50 Good

Good Air Days

51.6%

98 High

Climate Risk

97 High

🌊🌡🌪

Top Hazards

🌊🫨🌪

▲+2.9°F

2050 Outlook

▲+2.8°F

15 days

Heat Days >95°F

42 days

▲+2.9°F

2050 Outlook

▲+2.8°F

15 days

Heat Days >95°F

42 days

Before moving from Elmwood Park, NJ to Nashville, TN

Use this comparison to shortlist a move, then check the costs that depend on your household.

Compare actual homes. Get current quotes in Nashville, TN for the same bedroom count and included utilities as your home in Elmwood Park, NJ. Add parking, deposits, insurance and any overlapping leases. The rent estimates above are a starting point, not available listings.
Confirm your income. Check your expected pay with your employer, including any location adjustment. Use “Different salary at destination?” above to compare two incomes. The budget model excludes taxes and one-time moving costs; it is not a take-home-pay calculation.
Price your daily routine. Check the commute from a specific address to work, school or childcare. Add household expenses missing from this model, such as childcare, debt payments and medical needs. Verify local services before signing a lease.
Plan the transition. Get moving quotes and budget for travel, setup costs and time off. Open your Elmwood Park to Nashville moving checklist to organize the tasks and timing.

Still choosing a destination? Explore cities similar to Nashville, TN by cost, housing, population and region.

Frequently Asked Questions: Elmwood Park, NJ vs Nashville, TN

How do the cost estimates for Elmwood Park, NJ and Nashville, TN compare?

Nashville, TN has a modeled overall cost index 1.3% higher than Elmwood Park, NJ. This is a broad model comparison, not a survey of today's prices or a forecast of your household spending. Some cities use adjusted regional fallback data.

What does the equivalent salary mean?

At a $150,000 salary in Elmwood Park, NJ, the model estimates $153,669 in Nashville, TN. It allocates 60% of gross income to the origin city’s category budget and applies each destination category’s relative cost. The equivalent salary adds the total category difference to your income. The monthly difference is the same category difference divided by 12; it is not take-home pay or guaranteed savings. Household size, childcare and your actual lease are not inputs to this calculation.

What rent estimates are available for Elmwood Park, NJ and Nashville, TN?

The modeled two-bedroom rents are $2,690/month in Elmwood Park, NJ and $1,840/month in Nashville, TN. Where available, the source is a city median of HUD FY2026 ZIP-level estimates; otherwise a saved metro table is used. City adjustments may also apply. These are not asking rents or available listings. Compare actual properties with the same bedroom count and included utilities.

How should I use this comparison before moving?

Use it to shortlist locations, then replace modeled costs with a current housing quote, employer-confirmed income, commute costs, insurance and your household's other expenses. Add one-time moving costs separately. Source years differ and the saved datasets are not a live price feed. Read the methodology for the formulas and fallback rules.

💰 See how taxes change too — compare take-home pay between New Jersey and Tennessee on TaxTakeHome.com