Is Nashville, TN cheaper than Farmington, NM?

Based on cost of living data, Nashville, TN is 17.9% more expensive than Farmington, NM. This translates to spending an extra $1340 per month.

What salary do I need in Nashville, TN to live like I do in Farmington, NM?

If you earn $150,000 in Farmington, NM, you'd need approximately $166,084.772 in Nashville, TN to maintain the same standard of living.

How does housing cost compare between Farmington, NM and Nashville, TN?

Housing in Nashville, TN is 40.0% more expensive than in Farmington, NM. For a two-bedroom apartment, rent is $1,840/month in Nashville, TN compared to $919/month in Farmington, NM.

How much can I save per month by moving from Farmington, NM to Nashville, TN?

Living in Nashville, TN costs approximately $1340 more per month than Farmington, NM, or $16085 more per year, based on a $150,000 salary.

Farmington, NM vs Nashville, TN: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Farmington, NM — ZIP-level rent data · COL adjusted from Albuquerque, NM area

Current salary in Farmington, NM

Numbers update automatically as you type

You'd spend $1.3K/month more in Nashville, TN

$150.0K in your current city equals $166.1K in Nashville, TN

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

Overall Cost

↑ 17.9%

More expensive

Monthly Impact

$1,340

Extra cost

Annual Impact

$16.1K

Per year

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

Farmington, NM

Population:46K

Cost Index:100

Median Home:$288K

Nashville, TN

Population:689K

Cost Index:118

Median Home:$489K

Farmington, NM

The Land of Enchantment

46K

Population

State Tax

Yes

Located in New Mexico, this city has a population of 46K 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

Annual spending: Farmington, NM vs Nashville, TN

Category	Farmington, NM	Nashville, TN	Difference	Change
🏠Housing	$1,893/mo	$2,651/mo	↑ $758more	40.0%
📦Other	$1,586/mo	$1,942/mo	↑ $356more	22.4%
🏥Healthcare	$523/mo	$607/mo	↑ $84.27more	16.1%
🚗Transportation	$1,231/mo	$1,284/mo	↑ $52.69more	4.3%
⚡All Utilities	$482/mo	$519/mo	↑ $36.97more	7.7%
🛒Groceries	$920/mo	$949/mo	↑ $29.27more	3.2%

🏠Housing

↑ 40.0%

Farmington, NM

$1,893

Nashville, TN

$2,651

Difference

$758

📦Other

↑ 22.4%

Farmington, NM

$1,586

Nashville, TN

$1,942

Difference

$356

🏥Healthcare

↑ 16.1%

Farmington, NM

$523

Nashville, TN

$607

Difference

$84.27

🚗Transportation

↑ 4.3%

Farmington, NM

$1,231

Nashville, TN

$1,284

Difference

$52.69

⚡All Utilities

↑ 7.7%

Farmington, NM

$482

Nashville, TN

$519

Difference

$36.97

🛒Groceries

↑ 3.2%

Farmington, NM

$920

Nashville, TN

$949

Difference

$29.27

🏠Rent Comparison

Studio

From$747

To$1,600

↑ $853

1 Bed

From$751

To$1,680

↑ $929

2 Bed

From$919

To$1,840

↑ $921

3 Bed

From$1,278

To$2,350

↑ $1,072

Farmington, NMZIP-level data

1BR range: $940–$980/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.

$6,636

Monthly in Farmington, NM

$7,952

Monthly in Nashville, TN

$1,317

Difference

Home Values

Farmington

Nashville

$288K

Median Value

$489K

↑ +2.6%

YoY Change

↓ -2.1%

↑ +42.9%

5-Year Change

↑ +32.1%

$259K - $318K

Price Range

$320K - $1.16M

Homes in Nashville are 70% more expensive than Farmington

Calculate payment - Farmington Calculate payment - Nashville

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $7.1K

Per year

Monthly Difference

$589

More take-home

Effective Rate Diff

4.7%

Rate difference

Farmington, NM

Federal Income Tax

Effective: 18.9%

$25.5K

New Mexico State Tax

Effective: 4.7%

$7.1K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.4%

$44.1K

Take-Home Pay

$8,826/month

$105.9K

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

Farmington, NM Tax Rates

Sales Tax:7.6%

Property Tax:0.8%

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

Farmington

Nashville

61 Moderate

Air Quality

50 Good

27.3%

Good Air Days

51.6%

94 High

Climate Risk

97 High

🌊

Top Hazards

🌊🫨🌪

▲+3.0°F

2050 Outlook

▲+2.8°F

63 days

Heat Days >95°F

42 days

▲+3.0°F

2050 Outlook

▲+2.8°F

63 days

Heat Days >95°F

42 days

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

Where your money goes further

Cities cheaper than Farmington, NM on a $150.0K salary

Similar cost to Nashville, TN

Other cities in a similar price range

Denver, CO Raleigh, NC Charlotte, NC

Want to compare different cities?

New Comparison

You'd spend $1.3K/month more in Nashville, TN

Farmington, NM

Nashville, TN

Farmington, NM

Nashville, TN

Notable Facts

Major Industries

Cost Breakdown by Category

🏠Rent Comparison

📍 Rent by ZIP Code2 ZIPs

📍 Rent by ZIP Code19 ZIPs

Home Values

🏠 Home Values by ZIP2 ZIPs

🏠 Home Values by ZIP17 ZIPs

Tax Comparison

Farmington, NM

Nashville, TN

Additional Tax Information

Farmington, NM Tax Rates

Nashville, TN Tax Rates

Environment

Where your money goes further

Similar cost to Nashville, TN