Comparative Site Selection
Nashville, TN vs Austin, TX
Side-by-side municipal, commercial underwriting, and travel logistics comparison for multi-unit operators.
Metric
Nashville, TN
Austin, TX
Population (2023 est.)
687,788
979,882
Population Change Since 2020
-0.2%
+1.9%
Median Household Income
$75,197
$91,461
Median Home Value
$383,100
$512,700
Median Gross Rent (monthly)
$1,486
$1,655
Effective Property Tax Rate
0.61%
1.52%
Combined Sales Tax Rate
9.75%
8.25%
Time Zone
CT
CT
How Nashville and Austin compare
- Austin has the higher median household income ($91,461 vs. $75,197 in Nashville).
- Austin has the higher median home value ($512,700 vs. $383,100 in Nashville).
- Austin has the higher median gross rent per month ($1,655 vs. $1,486 in Nashville).
- Austin has the higher effective property tax rate (1.52% vs. 0.61% in Nashville).
- Nashville has the higher combined sales tax rate (9.75% vs. 8.25% in Austin).
- Austin has the faster population change since 2020 (+1.9% vs. -0.2% in Nashville).
Housing cost relative to income: median home value is 5.1x median household income in Nashville and 5.6x in Austin. A lower multiple generally means homes are more affordable relative to local earnings.
Differences are computed directly from the table above. Sources: U.S. Census Bureau ACS 2023 5-year estimates (2019–2023), Population Estimates (July 2023), and state revenue departments for sales tax. Not financial advice.