Is Nashville, TN cheaper than Prior Lake, MN?

Based on cost of living data, Nashville, TN is 1.4% more expensive than Prior Lake, MN. This translates to spending an extra $104 per month.

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

If you earn $150,000 in Prior Lake, MN, you'd need approximately $151,243.359 in Nashville, TN to maintain the same standard of living.

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

Housing in Nashville, TN is 11.6% more expensive than in Prior Lake, MN. For a two-bedroom apartment, rent is $1,840/month in Nashville, TN compared to $1,367/month in Prior Lake, MN.

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

Living in Nashville, TN costs approximately $104 more per month than Prior Lake, MN, or $1243 more per year, based on a $150,000 salary.

Prior Lake, MN vs Nashville, TN: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

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

Current salary in Prior Lake, MN

Numbers update automatically as you type

You'd spend $104/month more in Nashville, TN

$150.0K in your current city equals $151.2K in Nashville, TN

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

Overall Cost

↑ 1.4%

More expensive

Monthly Impact

$104

Extra cost

Annual Impact

$1.2K

Per year

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

Prior Lake, MN

Population:28K

Cost Index:100

Median Home:$502K

Nashville, TN

Population:689K

Cost Index:101

Median Home:$489K

Prior Lake, MN

The North Star State

28K

Population

State Tax

Yes

Located in Minnesota, 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: Prior Lake, MN vs Nashville, TN

Category	Prior Lake, MN	Nashville, TN	Difference	Change
🏠Housing	$2,376/mo	$2,651/mo	↑ $275more	11.6%
📦Other	$1,669/mo	$1,942/mo	↑ $273more	16.3%
🏥Healthcare	$733/mo	$607/mo	↓ $126less	17.2%
🛒Groceries	$998/mo	$949/mo	↓ $48.96less	4.9%
⚡All Utilities	$493/mo	$519/mo	↑ $26.22more	5.3%
🚗Transportation	$1,298/mo	$1,284/mo	↓ $13.82less	1.1%

🏠Housing

↑ 11.6%

Prior Lake, MN

$2,376

Nashville, TN

$2,651

Difference

$275

📦Other

↑ 16.3%

Prior Lake, MN

$1,669

Nashville, TN

$1,942

Difference

$273

🏥Healthcare

↓ 17.2%

Prior Lake, MN

$733

Nashville, TN

$607

Difference

$126

less

🛒Groceries

↓ 4.9%

Prior Lake, MN

$998

Nashville, TN

$949

Difference

$48.96

less

⚡All Utilities

↑ 5.3%

Prior Lake, MN

$493

Nashville, TN

$519

Difference

$26.22

🚗Transportation

↓ 1.1%

Prior Lake, MN

$1,298

Nashville, TN

$1,284

Difference

$13.82

less

🏠Rent Comparison

Studio

From$992

To$1,600

↑ $608

1 Bed

From$1,127

To$1,680

↑ $553

2 Bed

From$1,367

To$1,840

↑ $473

3 Bed

From$1,807

To$2,350

↑ $543

Prior Lake, MNZIP-level data

1BR range: $1,410–$1,410/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.

$7,568

Monthly in Prior Lake, MN

$7,952

Monthly in Nashville, TN

$385

Difference

Home Values

Prior Lake

Nashville

$502K

Median Value

$489K

↑ +1.9%

YoY Change

↓ -2.1%

↑ +23.1%

5-Year Change

↑ +32.1%

$502K

Price Range

$320K - $1.16M

Homes in Nashville are 3% less expensive than Prior Lake

Calculate payment - Prior Lake 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

Prior Lake, 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

Prior Lake, 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.