Is Hermitage Expensive?

Nashville, United States

-28% vs Nashville avg

Living in Hermitage, Nashville

Hermitage is one of the most affordable neighborhoods in Nashville, with a cost of living index of 45.2 — that is -28% compared to the Nashville average. Ranked #26 of 30, it offers some of the lowest costs in the city. Estimated rent for a one-bedroom apartment here is around $1,224/month, compared to a range of $1,105 in Whites Creek to $2,346 in Belle Meade.

Monthly Budget Breakdown

For a typical resident of Hermitage, housing takes up roughly 32% of monthly expenses. Food and groceries account for about 15%, while transportation costs around 8%. To live comfortably here — meaning rent stays at or below 30% of gross income — you would need an annual salary of approximately $48,960 before tax.

Typical Salaries in Hermitage

Salaries in Hermitage reflect the local cost of living. Based on the neighborhood COLI of 45.2:

After tax and deductions of 19.0% in United States, take-home pay for someone earning $48,960 would be roughly $39,658/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.

Key Stats

45.2
COLI Index
0.72x
vs City Avg
$1,224
Est. 1BR Rent
#26
of 30 Areas
19.0%
Total Deductions

Tax & Deductions in Hermitage

Estimated annual deductions on a $33,900 salary in Hermitage, Nashville (local employee).

Income Tax
11%
Social Security + Medicare (FICA)
7.6%
Total Deductions: 19.0%
Est. Take-Home: $27,471/yr

Rates shown are for a local employee. Use the salary converter for expat calculations.

Salary Equivalents

What a $75,000 USD salary in Hermitage would need to be elsewhere:

City Currency Equivalent
New York USD $33,900
London GBP £29,174
Dubai AED AED 169,628

Other Neighborhoods in Nashville

Neighborhood COLI Multiplier vs Avg
Belle Meade 86.7 1.38x +38%
Oak Hill 81.6 1.30x +30%
The Gulch 81.6 1.30x +30%
Downtown / SoBro 80.4 1.28x +28%
12South 78.5 1.25x +25%

View all 30 neighborhoods in Nashville →

Convert Your Salary

See exactly what you need to earn in Hermitage, Nashville to maintain your lifestyle.

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Similar Neighborhoods Worldwide

Neighborhoods with a similar cost of living to Hermitage:

Industrial Area, Doha Bovisa, Milan Aliante, Las Vegas Fort Mill (SC), Charlotte Highland Creek, Charlotte Kennesaw, Atlanta

Frequently Asked Questions

Is Hermitage expensive in Nashville?

Hermitage is one of the more affordable neighborhoods in Nashville. It costs about -28% less than the city average, ranking #26 out of 30 neighborhoods.

How does Hermitage compare to the Nashville average?

The cost of living in Hermitage is well below the Nashville average. With a multiplier of 0.72x, everyday expenses including rent, food, and transportation are -28% compared to the city baseline.

Data Sources: Cost of living indices based on crowd-sourced price data and official statistics. Tax calculations follow 2026 rates. Sources include U.S. Bureau of Labor Statistics · U.S. Census Bureau · OECD Better Life Index. Figures are estimates and may vary based on individual circumstances.