Is Nashville, TN cheaper than Shakopee, MN?

Based on cost of living data, Nashville, TN is 0.2% more expensive than Shakopee, MN. The two cities have very similar living costs.

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

If you earn $150,000 in Shakopee, MN, you'd need approximately $150,160.433 in Nashville, TN to maintain the same standard of living.

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

Housing in Nashville, TN is 10.2% more expensive than in Shakopee, MN. For a two-bedroom apartment, rent is $1,840/month in Nashville, TN compared to $1,505/month in Shakopee, MN.

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

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

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

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Cost of Living Comparison 2026

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

Current salary in Shakopee, MN

Numbers update automatically as you type

You'd spend $13.37/month more in Nashville, TN

$150.0K in your current city equals $150.2K in Nashville, TN

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

Overall Cost

↑ 0.2%

More expensive

Monthly Impact

$13.37

Extra cost

Annual Impact

$160

Per year

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

Shakopee, MN

Population:47K

Cost Index:100

Median Home:$394K

Nashville, TN

Population:689K

Cost Index:100

Median Home:$489K

Shakopee, MN

The North Star State

47K

Population

State Tax

Yes

Located in Minnesota, this city has a population of 47K 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: Shakopee, MN vs Nashville, TN

Category	Shakopee, MN	Nashville, TN	Difference	Change
📦Other	$1,689/mo	$1,942/mo	↑ $253more	15.0%
🏠Housing	$2,405/mo	$2,651/mo	↑ $246more	10.2%
🏥Healthcare	$738/mo	$607/mo	↓ $130less	17.7%
🛒Groceries	$1,004/mo	$949/mo	↓ $54.94less	5.5%
🚗Transportation	$1,313/mo	$1,284/mo	↓ $29.41less	2.2%
⚡All Utilities	$496/mo	$519/mo	↑ $23.27more	4.7%

📦Other

↑ 15.0%

Shakopee, MN

$1,689

Nashville, TN

$1,942

Difference

$253

🏠Housing

↑ 10.2%

Shakopee, MN

$2,405

Nashville, TN

$2,651

Difference

$246

🏥Healthcare

↓ 17.7%

Shakopee, MN

$738

Nashville, TN

$607

Difference

$130

less

🛒Groceries

↓ 5.5%

Shakopee, MN

$1,004

Nashville, TN

$949

Difference

$54.94

less

🚗Transportation

↓ 2.2%

Shakopee, MN

$1,313

Nashville, TN

$1,284

Difference

$29.41

less

⚡All Utilities

↑ 4.7%

Shakopee, MN

$496

Nashville, TN

$519

Difference

$23.27

🏠Rent Comparison

Studio

From$1,092

To$1,600

↑ $508

1 Bed

From$1,238

To$1,680

↑ $442

2 Bed

From$1,505

To$1,840

↑ $335

3 Bed

From$1,991

To$2,350

↑ $359

Shakopee, MNZIP-level data

1BR range: $1,530–$1,530/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.

$7,645

Monthly in Shakopee, MN

$7,952

Monthly in Nashville, TN

$307

Difference

Home Values

Shakopee

Nashville

$394K

Median Value

$489K

↑ +1.1%

YoY Change

↓ -2.1%

↑ +19.7%

5-Year Change

↑ +32.1%

$394K

Price Range

$320K - $1.16M

Homes in Nashville are 24% more expensive than Shakopee

Calculate payment - Shakopee 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

Shakopee, 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

Shakopee, 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.