But singers are still better off than the typical working Nashvillian
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Many musicians and singers living on their salary alone are facing a hard time getting into Nashville’s housing and rental market, according to new research from Zillow.
Zillow found that monthly mortgages in three-quarters of ZIP codes in Nashville were affordable for a typical musician, but only five were rent-friendly.
On average, musicians have to reserve 28.1% of their salaries to cover the typical monthly mortgage payment, while people with more traditional jobs need to dedicate 31.4% of their salaries. This showed that, while musicians in Nashville are struggling, the typical working individual in the metro has it worse.
Rent, on the other hand, is more overpriced in the music city. Musicians looking to live on their salary alone would have to spend 42.2% on rent – still lower than a more traditionally employed Nashvillian who needs to allocate 47.2% for rent payment.
Zillow pointed out that though rent and mortgage look out of reach, many of these people live with one or more income-earner in a household, easing some of the burdens.
