Is Nashville, TN cheaper than Mount Prospect, IL?

Based on cost of living data, Nashville, TN is 4.2% more expensive than Mount Prospect, IL. This translates to spending an extra $312 per month.

What salary do I need in Nashville, TN to live like I do in Mount Prospect, IL?

If you earn $150,000 in Mount Prospect, IL, you'd need approximately $153,740.521 in Nashville, TN to maintain the same standard of living.

How does housing cost compare between Mount Prospect, IL and Nashville, TN?

Housing in Nashville, TN is 5.0% more expensive than in Mount Prospect, IL. For a two-bedroom apartment, rent is $1,840/month in Nashville, TN compared to $1,485/month in Mount Prospect, IL.

How much can I save per month by moving from Mount Prospect, IL to Nashville, TN?

Living in Nashville, TN costs approximately $312 more per month than Mount Prospect, IL, or $3741 more per year, based on a $150,000 salary.

Mount Prospect, IL vs Nashville, TN: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Mount Prospect, IL — ZIP-level rent data · COL adjusted from Chicago, IL area

Current salary in Mount Prospect, IL

Numbers update automatically as you type

You'd spend $312/month more in Nashville, TN

$150.0K in your current city equals $153.7K in Nashville, TN

Rent data from HUD ZIP-level estimates · COL index from Chicago-Naperville-Elgin, IL-IN-WI area

Overall Cost

↑ 4.2%

More expensive

Monthly Impact

$312

Extra cost

Annual Impact

$3.7K

Per year

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

Mount Prospect, IL

Population:54K

Cost Index:100

Median Home:$416K

Nashville, TN

Population:689K

Cost Index:104

Median Home:$489K

Mount Prospect, IL

The Prairie State

54K

Population

State Tax

Yes

Located in Illinois, this city has a population of 54K 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: Mount Prospect, IL vs Nashville, TN

Category	Mount Prospect, IL	Nashville, TN	Difference	Change
📦Other	$1,608/mo	$1,942/mo	↑ $334more	20.8%
🚗Transportation	$1,537/mo	$1,284/mo	↓ $253less	16.5%
🏠Housing	$2,525/mo	$2,651/mo	↑ $126more	5.0%
🏥Healthcare	$569/mo	$607/mo	↑ $38.29more	6.7%
🛒Groceries	$984/mo	$949/mo	↓ $35.12less	3.6%
⚡All Utilities	$496/mo	$519/mo	↑ $22.61more	4.6%

📦Other

↑ 20.8%

Mount Prospect, IL

$1,608

Nashville, TN

$1,942

Difference

$334

🚗Transportation

↓ 16.5%

Mount Prospect, IL

$1,537

Nashville, TN

$1,284

Difference

$253

less

🏠Housing

↑ 5.0%

Mount Prospect, IL

$2,525

Nashville, TN

$2,651

Difference

$126

🏥Healthcare

↑ 6.7%

Mount Prospect, IL

$569

Nashville, TN

$607

Difference

$38.29

🛒Groceries

↓ 3.6%

Mount Prospect, IL

$984

Nashville, TN

$949

Difference

$35.12

less

⚡All Utilities

↑ 4.6%

Mount Prospect, IL

$496

Nashville, TN

$519

Difference

$22.61

🏠Rent Comparison

Studio

From$1,236

To$1,600

↑ $364

1 Bed

From$1,322

To$1,680

↑ $358

2 Bed

From$1,485

To$1,840

↑ $355

3 Bed

From$1,913

To$2,350

↑ $437

Mount Prospect, ILZIP-level data

1BR range: $1,700–$1,700/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.

$7,719

Monthly in Mount Prospect, IL

$7,952

Monthly in Nashville, TN

$233

Difference

Home Values

Mount Prospect

Nashville

$416K

Median Value

$489K

↑ +6.5%

YoY Change

↓ -2.1%

↑ +37.7%

5-Year Change

↑ +32.1%

$416K

Price Range

$320K - $1.16M

Homes in Nashville are 17% more expensive than Mount Prospect

Calculate payment - Mount Prospect 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

4.9%

Rate difference

Mount Prospect, IL

Federal Income Tax

Effective: 18.9%

$25.5K

Illinois State Tax

Effective: 5.0%

$7.4K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.6%

$44.4K

Take-Home Pay

$8,797/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

Mount Prospect, IL Tax Rates

Sales Tax:8.8%

Property Tax:2.2%

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.