How Tax Advantages Are Making It a Top Choice

Nashville, Tennessee, is famous for being a center of American music, but it has also developed into a popular destination for retirement. And it is among Investopedia’s top 100 places to retire in 2026. Beyond the entertainment scene, the city offers advantages that matter later in life, including dependable medical care, cultural venues, a beneficial tax environment, and an active community.

However, there are trade-offs. Knowing the financial and lifestyle implications of retiring in Nashville can help you decide if it’s the right place for you.

Cost of Living & Housing

Nashville can be expensive. Its cost of living is around that of the national average, but home prices have surged due to its popularity. Median home prices in Nashville range between $450,000 and $500,000. The median home price in the United States as of Q2 2025 was about $410,000.

Rents for a one-bedroom average $1,660 a month. Some neighborhoods can be higher than that for both home prices and rents. And while that might be high for Tennessee, it’s a lot less than other major U.S. cities, so your money will go a lot further than in places like New York, Boston, or San Francisco, where housing often consumes a much larger share of a home’s budget.

For median home value, Nashville scores quite high in our list of places to retire. It scores much lower for median gross rent, slightly above the midrange on our index. While housing demand has increased, buyers can still find a wide range of options, from downtown condos to single-level homes in surrounding communities. This variety allows retirees to match housing choices to their financial situation and lifestyle preferences.

One big advantage of Nashville is the state’s tax structure. Tennessee has no personal income tax. That includes no tax on retirement income, including Social Security benefits, 401(k)s, and pensions. Retirees also have reduced property taxes, and there is no estate or inheritance tax. All these tax savings can go toward enjoying retirement.

Keep in mind that while there are tax savings, Nashville does have higher food, housing, and transportation costs than many other locations on our list of places to retire. State taxes are also high. These can be important factors for those living on fixed incomes.

Culture, Music & Entertainment

Nashville is not in want of culture. There is plenty to do, see, and hear to fulfill your cultural cravings. While well-known for country music concerts and honky-tonk bars, there are also attractions like the Country Music Hall of Fame and Museum, the Johnny Cash Museum, the National Museum of African American Music, and independent music venues like The Bluebird Cafe.

The art scene goes even further than music. There is the Frist Art Museum, the Parthenon, and more. Not to mention the various galleries, arts districts, music festivals, jazz clubs, experimental performance spaces, and universities, all adding layers to the intellectual and cultural depth of the city. Nashville has a strong score for “arts and entertainment establishments” compared to other cities on our list.

For retirees, the proximity to university programs, cultural institutions, and regular public events means there’s always accessible artistic stimulation close by without having to leave the city. This vibrancy may be appealing to those looking for activities rather than a small, quiet town.

Lifestyle & Community

Nashville’s demographics consist of longtime residents and those who have moved there for work or a better quality of life, creating an environment of diverse and engaging social opportunities.

Activities are plentiful, ranging from cooking classes to volunteer groups, art classes, and book clubs. There’s also a rich and varied food scene that’ll satisfy food lovers of all tastes.

The many community and volunteer opportunities provide access for those looking to give back, making it easier to connect locally, which is important for retirees who have just moved to the city. Overall, Nashville has the kind of liveliness that many retirees seek when they think about more engagement and less routine in their non-working years.

Climate & Outdoor Living

For retirees who enjoy the outdoors, Nashville’s climate has four seasons, with winters that are usually mild and short, particularly when compared to northern regions, and summers that are generally hot and sticky. Spring and fall stretch out, providing comfortable temperatures for long walks and bicycle rides, gardening, and exploring the city’s green spaces, such as Centennial Park.

Outdoor activities include kayaking, fishing, cycling, golf, and more, and the walking trails and parks are blended within the city’s structure. Access to outdoor spaces can be an important quality-of-life factor for retirees who enjoy spending their time in nature.

Walkability & Transportation

Parts of Nashville are walkable, especially neighborhoods like The Gulch, East Nashville, and downtown. For retirees who prefer not to drive, living near the center of the city allows for easy access to restaurants, shops, and cultural venues.

Public transit does exist, and it is growing; however, due to the lack of coverage to every community in a meaningful way, many residents prefer getting around with a car. Ride-share access has made this a lot simpler. Keep in mind that the lack of a robust public transit system adds to transportation costs. Nashville received a moderate score on our transportation cost index.

Healthcare Access

Healthcare is essential for retirees, and Nashville offers major hospitals, specialists, and medical centers, assuring that retirees get the care they need near their homes. Living in or near a major metro area, such as Nashville, provides greater options for physicians, diagnostics, and specialized treatments as well.

Vanderbilt University Medical Center is in Nashville, which also consists of the Vanderbilt-Ingram Cancer Center.

The Bottom Line

Nashville can be a good retirement choice if you’d like your days to be full in a meaningful way, such as with museums, music, classes, volunteer groups, and easy access to outdoor spaces, not just the nightlife that the city is famous for.

The city’s solid healthcare options and lack of income tax help, even if housing and everyday costs run higher than in other places, and getting around generally still requires a car. If you’re considering Nashville, compare neighborhoods and nearby suburbs, estimate how housing and sales taxes fit into your budget, and think about your need for a car.

For retirees hoping to stay active, creative, and socially connected while keeping plenty of culture within arm’s reach, Nashville offers a retirement lifestyle with tremendous depth.