Is Nashville, TN cheaper than Montgomery Village, MD?

Based on cost of living data, Nashville, TN is 27.5% cheaper than Montgomery Village, MD. This translates to saving $2066 per month.

What salary do I need in Nashville, TN to live like I do in Montgomery Village, MD?

If you earn $150,000 in Montgomery Village, MD, you'd need approximately $125,212.007 in Nashville, TN to maintain the same standard of living.

How does housing cost compare between Montgomery Village, MD and Nashville, TN?

Housing in Nashville, TN is 49.3% cheaper than in Montgomery Village, MD. For a two-bedroom apartment, rent is $1,840/month in Nashville, TN compared to $2,226/month in Montgomery Village, MD.

How much can I save per month by moving from Montgomery Village, MD to Nashville, TN?

Moving from Montgomery Village, MD to Nashville, TN could save you approximately $2066 per month, or $24788 per year, based on a $150,000 salary.

Montgomery Village, MD vs Nashville, TN: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Montgomery Village, MD — COL adjusted from Washington, DC area + state data

Current salary in Montgomery Village, MD

Numbers update automatically as you type

You'd save $2.1K/month moving to Nashville, TN

$150.0K in your current city equals $125.2K in Nashville, TN

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

Overall Cost

↓ 27.5%

Less expensive

Monthly Impact

$2,066

Savings

Annual Impact

$24.8K

Per year

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

Montgomery Village, MD

Population:35K

Cost Index:100

Median Home:$556K

Nashville, TN

Population:689K

Cost Index:72

Median Home:$489K

Montgomery Village, MD

The Old Line State

35K

Population

State Tax

Yes

Located in Maryland, this city has a population of 35K 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: Montgomery Village, MD vs Nashville, TN

Category	Montgomery Village, MD	Nashville, TN	Difference	Change
🏠Housing	$5,228/mo	$2,651/mo	↓ $2,577less	49.3%
🚗Transportation	$1,763/mo	$1,284/mo	↓ $479less	27.2%
📦Other	$1,706/mo	$1,942/mo	↑ $235more	13.8%
🛒Groceries	$1,044/mo	$949/mo	↓ $94.36less	9.0%
⚡All Utilities	$491/mo	$519/mo	↑ $27.67more	5.6%
🏥Healthcare	$611/mo	$607/mo	↓ $3.97less	0.6%

🏠Housing

↓ 49.3%

Montgomery Village, MD

$5,228

Nashville, TN

$2,651

Difference

$2,577

less

🚗Transportation

↓ 27.2%

Montgomery Village, MD

$1,763

Nashville, TN

$1,284

Difference

$479

less

📦Other

↑ 13.8%

Montgomery Village, MD

$1,706

Nashville, TN

$1,942

Difference

$235

🛒Groceries

↓ 9.0%

Montgomery Village, MD

$1,044

Nashville, TN

$949

Difference

$94.36

less

⚡All Utilities

↑ 5.6%

Montgomery Village, MD

$491

Nashville, TN

$519

Difference

$27.67

🏥Healthcare

↓ 0.6%

Montgomery Village, MD

$611

Nashville, TN

$607

Difference

$3.97

less

🏠Rent Comparison

Studio

From$1,510

To$1,600

↑ $90.00

1 Bed

From$1,749

To$1,680

↓ $69.00

2 Bed

From$2,226

To$1,840

↓ $386

3 Bed

From$3,100

To$2,350

↓ $750

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.

$10,843

Monthly in Montgomery Village, MD

$7,952

Monthly in Nashville, TN

$2,891

Difference

Home Values

Montgomery Village

Nashville

Median Value

$489K

YoY Change

↓ -2.1%

5-Year Change

↑ +32.1%

Price Range

$320K - $1.16M

Calculate payment - Nashville

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $7.3K

Per year

Monthly Difference

$605

More take-home

Effective Rate Diff

4.8%

Rate difference

Montgomery Village, MD

Federal Income Tax

Effective: 18.9%

$25.5K

Maryland State Tax

Effective: 4.8%

$7.3K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.5%

$44.3K

Take-Home Pay

$8,811/month

$105.7K

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

Montgomery Village, MD Tax Rates

Sales Tax:6.0%

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.