CostIndexUSA

Cheyenne, WY vs Nashville, TN Cost of Living

Data: BEA Regional Price Parities · Census ACS · 2024

≈ Equal CostWY
Cheyenne
96.5
overall index
$1,475/mo rent
TN
Nashville
96.3
overall index
$1,775/mo rent

Cheyenne and Nashville have nearly identical costs of living.

Category Breakdown

Index values: 100 = U.S. national average. Higher = more expensive.

🏠 Housing+16.5%
Cheyenne
89.8
Nashville
104.6
🛒 Groceries+0.8%
Cheyenne
95.4
Nashville
96.2
🚗 Transportation5.2%
Cheyenne
105.4
Nashville
99.9
🏥 Healthcare5.2%
Cheyenne
95.4
Nashville
90.4
Utilities7.7%
Cheyenne
78
Nashville
72

Salary Equivalency Calculator

Enter your current salary in Cheyenne to see what you'd need to earn in Nashville to maintain the same purchasing power.

$
Equivalent salary in Nashville, TN
$79,800
$200 less needed in Nashville

Formula: salary × (96.3 ÷ 96.5) = salary × 0.9979. Based on BEA Regional Price Parities.

Housing Market

Cheyenne, WY

Median Home Price
$377,000
Median Monthly Rent
$1,475
Housing Index
89.8
Price-to-Rent Ratio
21.3×

Nashville, TN

Median Home Price
$444,000
Median Monthly Rent
$1,775
Housing Index
104.6
Price-to-Rent Ratio
20.8×

Nashville has 16.5% higher housing costs compared to Cheyenne.

Income & Job Market

Cheyenne, WY

Median Household Income
$75,100
Per Capita Income
$42,800
Unemployment Rate
5.4%
Population
63,957
Top Industries
GovernmentMilitaryHealthcareRetailManufacturing

Nashville, TN

Median Household Income
$84,700
Per Capita Income
$48,300
Unemployment Rate
2.6%
Population
689,447
Top Industries
HealthcareMusicTourismManufacturingFinance

Affordability at a Glance

Income-to-rent ratio: higher is better (more income relative to housing costs).

Cheyenne, WY
4.2×income-to-rent ratio

76% of income left after rent (median)

Nashville, TN
4.0×income-to-rent ratio

75% of income left after rent (median)

Data Sources: Bureau of Economic Analysis (BEA) Regional Price Parities 2024; U.S. Census Bureau American Community Survey (ACS); Bureau of Labor Statistics (BLS) Local Area Unemployment Statistics; Zillow Research.

Cost indices use 100 as the U.S. national average. Values above 100 indicate costs above the national average. Data is updated annually.

This data is for informational purposes only and should not be used as the sole basis for relocation or financial decisions.