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Cost of Living Comparison 2026

📍 Homewood, AL — ZIP-level rent data · COL adjusted from Birmingham, AL area

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Numbers update automatically as you type

You'd spend $1.8K/month more in Nashville, TN

$150.0K in your current city equals $171.3K in Nashville, TN

Rent data from HUD ZIP-level estimates · COL index from Birmingham-Hoover, AL area
Overall Cost
↑ 23.7%
More expensive
Monthly Impact
$1,778
Extra cost
Annual Impact
$21.3K
Per year

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

Homewood, AL

Population:28K
Cost Index:100
Median Home:$502K

Nashville, TN

Population:689K
Cost Index:124
Median Home:$489K

Homewood, AL

The Heart of Dixie

28K
Population
State Tax
Yes

Located in Alabama, this city has a population of 28K 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: Homewood, AL vs Nashville, TN

🏠Housing
↑ 60.0%
Homewood, AL
$1,656
Nashville, TN
$2,651
Difference
$994
more
📦Other
↑ 28.9%
Homewood, AL
$1,506
Nashville, TN
$1,942
Difference
$436
more
🚗Transportation
↑ 11.6%
Homewood, AL
$1,150
Nashville, TN
$1,284
Difference
$134
more
🏥Healthcare
↑ 20.7%
Homewood, AL
$503
Nashville, TN
$607
Difference
$104
more
🛒Groceries
↑ 1.2%
Homewood, AL
$938
Nashville, TN
$949
Difference
$10.84
more
⚡All Utilities
↓ 1.9%
Homewood, AL
$529
Nashville, TN
$519
Difference
$10.11
less

🏠Rent Comparison

Studio
From$1,041
To$1,600
↑ $559
1 Bed
From$1,171
To$1,680
↑ $509
2 Bed
From$1,285
To$1,840
↑ $555
3 Bed
From$1,611
To$2,350
↑ $739
Homewood, ALZIP-level data

1BR range: $1,440–$1,440/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.

$6,284
Monthly in Homewood, AL
$7,952
Monthly in Nashville, TN
$1,669
Difference

Home Values

Homewood
Nashville
$502K
Median Value
$489K
↑ +3.6%
YoY Change
↓ -2.1%
↑ +24.2%
5-Year Change
↑ +32.1%
$502K
Price Range
$320K - $1.16M

Homes in Nashville are 3% less expensive than Homewood

Calculate payment - HomewoodCalculate payment - Nashville

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings
↑ $7.5K
Per year
Monthly Difference
$622
More take-home
Effective Rate Diff
5.0%
Rate difference

Homewood, AL

Federal Income Tax
Effective: 18.9%
$25.5K
Alabama State Tax
Effective: 5.0%
$7.5K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 29.6%
$44.5K
Take-Home Pay
$8,794/month
$105.5K

Nashville, TN

Federal Income Tax
Effective: 18.9%
$25.5K
Tennessee State Tax
No state income tax
$0
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

Homewood, AL Tax Rates

Sales Tax:9.1%
Property Tax:0.4%

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

Homewood
Nashville
57 Moderate
Air Quality
50 Good
26%
Good Air Days
51.6%
98 High
Climate Risk
97 High
🌊🌡🌪
Top Hazards
🌊🫨🌪
▲+2.5°F
2050 Outlook
▲+2.8°F
41 days
Heat Days >95°F
42 days
▲+2.5°F
2050 Outlook
▲+2.8°F
41 days
Heat Days >95°F
42 days

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

Similar cost to Nashville, TN

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