Nashville, TN

NASHVILLE, TENNESSEE: Demographic and Financial Snapshot

(Last updated on 1.27.21)

 

HOUSING IN NASHVILLE, TENNESSEE

Owner-occupied housing units143,957
Renter-occupied housing units124,104
Single-family detached units152,574
Homeownership rate53.7%
Vacancy rate9.2%
Have Broadband Internet Subscription46.3%
Average housing value$271,894
Average monthly owner cost (with mortgage)$1,128
Average rent$937

Source: US Census; https://cbb.census.gov/rae/#
Survey/Program
: 2009-2013 and the 2014-2018 American Community Survey 5-Year Estimates
Data Point
: Housing Characteristics

 

SOCIOECONOMIC CHARACTERISTICS IN NASHVILLE, TENNESSEE

Average income$78,593
Average household size2.38
Percent population 16 years and over in labor force71.1%
Percent disabled11.6%
Percent with health coverage87.2%
Average travel time to work (in minutes)24.7
Percent workers using public transportation2.1%
Percent veterans5.7%
Percent foreign born13.1%
Percent speaking Spanish at home5.2%

Source: US Census; https://cbb.census.gov/rae/#
Survey/Program
: 2009-2013 and the 2014-2018 American Community Survey 5-Year Estimates
Data Point
: Socioeconomic Characteristics

 

CONSUMER SPENDING IN NASHVILLE, TENNESSEE

Total consumer expenditures per household$70,182.99
Alcoholic beverages$552.06
Alcoholic beverages consumed at home$324.32
Beer consumed away from home$97.85
Wine consumed away from home$48.10
Apparel & services$2,072.46
Men’s apparel$399.20
Women’s apparel$685.63
Children’s apparel$318.49
Boys’ apparel$107.32
Girls’ apparel$118.89
Footwear$474.75
Dining out (food away from home)$3,551.51
Dining out – Breakfast$363.34
Dining out – Lunch$1,105.43
Dining out – Dinner$1,647.60
Education$1,456.15
Entertainment / recreation$3,002.55
Club membership fees$215.91
Dating services$0.83
Pet food$236.22
Pet services$59.29
Food consumed at home$4,939.00
Bakery products consumed at home$646.86
Dairy products consumed at home$503.50
Fruits and vegetables consumed at home$966.97
Meat, poultry, fish, eggs consumed at home$1,098.42
Nonalcoholic beverages consumed at home$484.76
Snacks / other food products consumed at home$1,723.26
Health care$5,380.58
Medical services$993.29
Nonprescription drugs$134.12
Household Services$1,900.51
Care for the elderly and handicapped$66.32
Lawn and garden services$387.41
Housekeeping services$157.02
PC repair$6.47
Housing$22,307.02
Home improvements$2,219.32
Utilities, fuel, and public services$4,581.76
Phone services$1,691.33
Water$665.61
Life and other insurance$390.29
Pensions and social security$7,458.28
Personal care products and services$846.49
Hair care products$102.35
Personal care products$360.06
Local transportation$8,114.12
Gasoline$2,133.16
Vehicle maintenance and repair$1,106.72
Travel$2,018.39
Airline fares$501.31
Auto / truck rental on trips$24.18
Lodging on trips$543.06
Food and drink on trips$490.13
Entertainment on trips$170.55

Source: US Census; https://cbb.census.gov/rae/#
Survey/Program
: 2009-2013 and the 2014-2018 American Community Survey 5-Year Estimates
Data Point
: Consumer Spending (Consumer expenditures per household)

 

DEBT IN DAVIDSON COUNTY (home to NASHVILLE, TENNESSEE)

% with any debt in collections35%
Average debt in collections$1,595
% with medical debt in collections19%
Average medical debt in collections$756
% with student loan debt21%
Average student loan debt$22,534
Average monthly student loan payment$194
% with auto debt27%

Source: Urban Institute; https://apps.urban.org/features/debt-interactive-map/
Survey/Program
: Data from credit bureau data (2018) + the US Census Bureau’s American Community Survey (2017)
Data Point
: Consumer Debt

 

UNEMPLOYMENT IN NASHVILLE, TENNESSEE

YearPopulationPercent
January 201911,3632.8%
February 20199,9452.5%
March 201910,7792.6%
April 20198,8282.2%
May 20199,7592.4%
June 201912,0112.9%
July 201912,1232.9%
August 201910,4602.6%
September 20199,7882.4%
October 20199,6622.3%
November 20199,6352.3%
December 20199,3382.3%
January 202010,9802.7%
February 202011,0962.7%
March 202010,1352.4%
April 202063,57816.1%
May 202049,92912.3%
June 202048,13712.0%
July 202049,07112.3%
August 202044,61310.6%
September 202031,7407.7%
October 202028,2146.9%

Source: US Bureau of Labor Statistics; https://www.bls.gov/lau/data.htm
Survey/Program
: Local Area Employment Statistics
Data Point
: Unemployment totals (not seasonally adjusted)

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