See How Far, or Short, Your Dollar will Go in Brentwood, TN
Throughout most of the state of Tennessee, your dollar will go further than in other markets around the country. Let’s say for example Silicon Valley or Manhattan. Unfortunately, in Brentwood the cost of living is not only the highest in the state, but also well above the national average.
It’s not only the home to the highest cost of living, but also many country music stars such as Keith Urban, Taylor Swift, Sheryl Crow, and Dolly Parton. Between Brentwood and Franklin, pretty much every major country music star lives in these two affluent suburbs of Nashville.
What Makes Brentwood So Great?
This small town just outside of Music City has plenty to offer its residents which makes the price tag of living there a little easier to handle. Having a top school system, safe community, local boutique stores and plenty of networking opportunities, Brentwood is a neighborhood that reflects success. It’s known for this and has been for a while now, with major growth throughout this area from the late 1980s until present day.
Outside of their personal estates, residents can enjoy plenty of activities throughout the Williams County area outside of Nashville. Radnor Lake State Park is a popular area where you can have lake days with friends and family. There’s plenty of green space to enjoy the outdoors and get out of those stuffy mansions… Once more, all of these outdoor activities are free!
What’s the Cost of Living?
Bestplacestolive.net created a cost of living index to determine an accurate cost of living in Brentwood, TN. Using 100 as the average for the U.S., an amount below 100 is less than the national average. Any amount above 100 results in an above average cost of living.
The biggest cost factor in Brentwood is the actual cost of a home, with the median home price being $707,728. That coupled with HOA fees, which can range from $250-500 a month, make finding a home in the right location a challenge for those looking to stretch their dollar.
|Cost of Living||Brentwood||Tennessee||USA|
|Median Home Cost||$707,728||$192,630||$231,200|
If you’re lucky enough to call this market home, you have some serious luxury homes to work with and a clientele that’s living pretty comfortably. If you live close to this market then you still have an opportunity to earn entrance through hard work and networking. Plenty of residents throughout this neighborhood own multiple homes. If you play your cards right you could take advantage of a niche market looking for some specific needs.