Is Nashville, TN cheaper than Richfield, MN?

Based on cost of living data, Nashville, TN is 0.8% more expensive than Richfield, MN. The two cities have very similar living costs.

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

If you earn $150,000 in Richfield, MN, you'd need approximately $150,693.527 in Nashville, TN to maintain the same standard of living.

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

Housing in Nashville, TN is 10.9% more expensive than in Richfield, MN. For a two-bedroom apartment, rent is $1,840/month in Nashville, TN compared to $1,335/month in Richfield, MN.

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

Richfield, MN and Nashville, TN have very similar costs of living, based on a $150,000 salary.

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

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Cost of Living Comparison 2026

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

Current salary in Richfield, MN

Numbers update automatically as you type

You'd spend $57.79/month more in Nashville, TN

$150.0K in your current city equals $150.7K in Nashville, TN

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

Overall Cost

↑ 0.8%

More expensive

Monthly Impact

$57.79

Extra cost

Annual Impact

$694

Per year

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

Richfield, MN

Population:36K

Cost Index:100

Median Home:$333K

Nashville, TN

Population:689K

Cost Index:101

Median Home:$489K

Richfield, MN

The North Star State

36K

Population

State Tax

Yes

Located in Minnesota, this city has a population of 36K 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: Richfield, MN vs Nashville, TN

Category	Richfield, MN	Nashville, TN	Difference	Change
📦Other	$1,679/mo	$1,942/mo	↑ $262more	15.6%
🏠Housing	$2,391/mo	$2,651/mo	↑ $260more	10.9%
🏥Healthcare	$735/mo	$607/mo	↓ $128less	17.4%
🛒Groceries	$1,001/mo	$949/mo	↓ $51.98less	5.2%
⚡All Utilities	$494/mo	$519/mo	↑ $24.73more	5.0%
🚗Transportation	$1,306/mo	$1,284/mo	↓ $21.69less	1.7%

📦Other

↑ 15.6%

Richfield, MN

$1,679

Nashville, TN

$1,942

Difference

$262

🏠Housing

↑ 10.9%

Richfield, MN

$2,391

Nashville, TN

$2,651

Difference

$260

🏥Healthcare

↓ 17.4%

Richfield, MN

$735

Nashville, TN

$607

Difference

$128

less

🛒Groceries

↓ 5.2%

Richfield, MN

$1,001

Nashville, TN

$949

Difference

$51.98

less

⚡All Utilities

↑ 5.0%

Richfield, MN

$494

Nashville, TN

$519

Difference

$24.73

🚗Transportation

↓ 1.7%

Richfield, MN

$1,306

Nashville, TN

$1,284

Difference

$21.69

less

🏠Rent Comparison

Studio

From$973

To$1,600

↑ $627

1 Bed

From$1,094

To$1,680

↑ $586

2 Bed

From$1,335

To$1,840

↑ $505

3 Bed

From$1,770

To$2,350

↑ $580

Richfield, MNZIP-level data

1BR range: $1,360–$1,360/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.

$7,607

Monthly in Richfield, MN

$7,952

Monthly in Nashville, TN

$345

Difference

Home Values

Richfield

Nashville

$333K

Median Value

$489K

↑ +3.1%

YoY Change

↓ -2.1%

↑ +20.5%

5-Year Change

↑ +32.1%

$333K

Price Range

$320K - $1.16M

Homes in Nashville are 47% more expensive than Richfield

Calculate payment - Richfield 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

Richfield, 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

Richfield, 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.