Is Nashville, TN cheaper than Lakeville, MN?

Based on cost of living data, Nashville, TN is 0.9% cheaper than Lakeville, MN. The two cities have very similar living costs.

What salary do I need in Nashville, TN to live like I do in Lakeville, MN?

If you earn $150,000 in Lakeville, MN, you'd need approximately $149,183.151 in Nashville, TN to maintain the same standard of living.

How does housing cost compare between Lakeville, MN and Nashville, TN?

Housing in Nashville, TN is 9.0% more expensive than in Lakeville, MN. For a two-bedroom apartment, rent is $1,840/month in Nashville, TN compared to $1,783/month in Lakeville, MN.

How much can I save per month by moving from Lakeville, MN to Nashville, TN?

Moving from Lakeville, MN to Nashville, TN could save you approximately $68 per month, or $817 per year, based on a $150,000 salary.

Lakeville, MN vs Nashville, TN: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Lakeville, MN — ZIP-level rent data · COL adjusted from Minneapolis, MN area

Current salary in Lakeville, MN

Numbers update automatically as you type

You'd save $68.07/month moving to Nashville, TN

$150.0K in your current city equals $149.2K in Nashville, TN

Rent data from HUD ZIP-level estimates · COL index from Minneapolis-St. Paul-Bloomington, MN-WI area

Overall Cost

↓ 0.9%

Less expensive

Monthly Impact

$68.07

Savings

Annual Impact

$817

Per year

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

Lakeville, MN

Population:76K

Cost Index:100

Median Home:$503K

Nashville, TN

Population:689K

Cost Index:99

Median Home:$489K

Lakeville, MN

The North Star State

76K

Population

State Tax

Yes

Located in Minnesota, this city has a population of 76K 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: Lakeville, MN vs Nashville, TN

Category	Lakeville, MN	Nashville, TN	Difference	Change
📦Other	$1,708/mo	$1,942/mo	↑ $234more	13.7%
🏠Housing	$2,431/mo	$2,651/mo	↑ $220more	9.0%
🏥Healthcare	$742/mo	$607/mo	↓ $134less	18.1%
🛒Groceries	$1,010/mo	$949/mo	↓ $60.43less	6.0%
🚗Transportation	$1,328/mo	$1,284/mo	↓ $43.80less	3.3%
⚡All Utilities	$499/mo	$519/mo	↑ $20.56more	4.1%

📦Other

↑ 13.7%

Lakeville, MN

$1,708

Nashville, TN

$1,942

Difference

$234

🏠Housing

↑ 9.0%

Lakeville, MN

$2,431

Nashville, TN

$2,651

Difference

$220

🏥Healthcare

↓ 18.1%

Lakeville, MN

$742

Nashville, TN

$607

Difference

$134

less

🛒Groceries

↓ 6.0%

Lakeville, MN

$1,010

Nashville, TN

$949

Difference

$60.43

less

🚗Transportation

↓ 3.3%

Lakeville, MN

$1,328

Nashville, TN

$1,284

Difference

$43.80

less

⚡All Utilities

↑ 4.1%

Lakeville, MN

$499

Nashville, TN

$519

Difference

$20.56

🏠Rent Comparison

Studio

From$1,293

To$1,600

↑ $307

1 Bed

From$1,464

To$1,680

↑ $216

2 Bed

From$1,783

To$1,840

↑ $57.00

3 Bed

From$2,364

To$2,350

↓ $14.00

Lakeville, MNZIP-level data

1BR range: $1,790–$1,790/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.

$7,717

Monthly in Lakeville, MN

$7,952

Monthly in Nashville, TN

$236

Difference

Home Values

Lakeville

Nashville

$503K

Median Value

$489K

↑ +0.7%

YoY Change

↓ -2.1%

↑ +21.8%

5-Year Change

↑ +32.1%

$503K

Price Range

$320K - $1.16M

Homes in Nashville are 3% less expensive than Lakeville

Calculate payment - Lakeville Calculate payment - Nashville

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $10.4K

Per year

Monthly Difference

$869

More take-home

Effective Rate Diff

7.0%

Rate difference

Lakeville, MN

Federal Income Tax

Effective: 18.9%

$25.5K

Minnesota State Tax

Effective: 7.0%

$10.4K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 31.6%

$47.4K

Take-Home Pay

$8,546/month

$102.6K

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

Lakeville, MN Tax Rates

Sales Tax:8.0%

Property Tax:1.1%

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.