How Far Your Money Goes in Murfreesboro, TN Compared to Nashville and Franklin
Jul 27, 2024
Are you considering a move to Murfreesboro, TN, and wondering how far your money will stretch compared to nearby Nashville or Franklin? You're not alone! Many people are weighing their options and trying to find the best place to live without breaking the bank. In this article, we'll break down the cost of living in these three cities, giving you a clear picture of what you can expect.
Quick Answer
In general, your money goes further in Murfreesboro than in Nashville or Franklin. Housing costs are significantly lower, with Murfreesboro offering more affordable options for families and individuals. For example, the average rent for a two-bedroom apartment in Murfreesboro is about $1,200, while in Nashville, it can reach up to $1,800. This means you can enjoy a higher quality of life in Murfreesboro without the hefty price tag.
Understanding Cost of Living Differences
To grasp how far your money goes, it’s essential to understand the factors that contribute to the cost of living in each city. These factors include housing, transportation, food, and healthcare.
Housing Costs
Housing is typically the most significant expense. Here’s a breakdown:
In Murfreesboro, the average home price is around $350,000.
Nashville's average home price is approximately $500,000.
Franklin's homes average around $600,000, making it the most expensive of the three.
Transportation Costs
Transportation can also vary significantly:
Gas prices are similar across the three cities, hovering around the national average.
Public transportation is more developed in Nashville, but many residents in Murfreesboro rely on personal vehicles.
Food and Grocery Costs
Groceries and dining out can also impact your budget:
Grocery prices are relatively comparable, but dining out in Nashville can be more expensive due to its vibrant restaurant scene.
In Murfreesboro, you can find affordable local eateries that offer good value.
Realistic Examples
Let’s look at a few mini-scenarios to illustrate the differences:
Scenario 1: Young Professional
A young professional moving to Nashville might pay $1,800 for a one-bedroom apartment downtown, leaving them with about $1,200 for other expenses. In contrast, the same person in Murfreesboro could rent a similar apartment for $1,200, allowing for more savings or discretionary spending.
Scenario 2: Family of Four
A family of four considering Franklin may face a $2,500 monthly rent for a three-bedroom home. In Murfreesboro, they could find a comparable home for around $1,800, freeing up funds for family activities and savings.
Checklist for Moving Decisions
Research housing prices in each city.
Compare average salaries and job opportunities.
Evaluate transportation options and costs.
Consider lifestyle preferences (urban vs. suburban).
Look at local amenities and services (schools, parks, etc.).
Common Mistakes to Avoid
When comparing living costs, it's easy to make some common mistakes:
Focusing solely on housing costs without considering overall expenses.
Neglecting to factor in commute times and transportation costs.
Overlooking the importance of local amenities and lifestyle fit.
FAQs
1. What is the average cost of living in Murfreesboro compared to Nashville?
The average cost of living in Murfreesboro is about 10-15% lower than in Nashville, primarily due to lower housing costs. Other expenses like groceries and transportation are relatively similar.
2. Are there job opportunities in Murfreesboro?
Yes, Murfreesboro has a growing job market, particularly in education, healthcare, and retail. While Nashville has more options, Murfreesboro is becoming increasingly attractive for remote workers and those seeking a quieter lifestyle.
3. Is Murfreesboro a good place for families?
Absolutely! Murfreesboro offers excellent schools, parks, and family-friendly activities, making it an ideal choice for families looking for a suburban lifestyle.
4. How does the school system in Murfreesboro compare to Nashville?
Murfreesboro has a strong school system with several highly-rated schools. While Nashville has more options due to its size, Murfreesboro's schools are known for their community involvement and smaller class sizes.
5. What is the best way to find housing in Murfreesboro?
Online real estate platforms, local listings, and working with a real estate agent familiar with the area can help you find suitable housing options in Murfreesboro.