Hermitage is moderately affordable in 2025, with average rent for a 2-bedroom apartment around $1,450 per month and overall living costs about 6% below the national average.
Housing Costs in Hermitage
Housing is the biggest expense for most Hermitage residents. Typical housing options include apartments, townhomes, and single-family homes. Prices vary based on neighborhood, property type, and size.
For renters, a basic 2-bedroom apartment averages $1,450 per month as of 2025. Prices range from $1,100 in older complexes up to $1,800+ in newer luxury units. Townhomes and single-family rental homes start around $1,600 for a 2-bed and can exceed $2,200 for a 3-4 bedroom in prime areas.
Homebuyers in Hermitage can expect the following price ranges:
- Older 3-bed, 2-bath single-family homes: $350,000 – $450,000
- Newer 3-bed, 2-bath single-family homes: $450,000 – $600,000+
- Luxury 4+ bed single-family homes: $600,000 – $900,000+
Some neighborhoods have mandatory Homeowners Association (HOA) fees, typically $200-400 per month. This covers amenities and exterior maintenance.
Utilities and Energy Bills
Utility costs in Hermitage are slightly below the national average. Expect the following monthly bills for a 1,000 sqft apartment:
- Electricity: $120 – $180 (higher in summer for A/C)
- Water/Sewer/Trash: $60 – $90
- Natural Gas: $30 – $80 (higher in winter for heating)
- Internet: $60 – $80 for basic broadband
Larger homes will have proportionally higher utility bills. Many newer properties have good insulation and energy-efficient appliances, which helps control costs.
Groceries and Daily Expenses
Hermitage has a variety of grocery stores, from affordable chains to upscale organic markets. A single person can expect to spend $300-400 per month on groceries, while a family of four typically spends $900-1,200.
Here’s an example of everyday prices:
- Gallon of milk: $3.50
- Loaf of bread: $2.75
- Dozen eggs: $2.50
- Pound of chicken breast: $3.25
Dining out costs vary. A basic meal at a casual restaurant runs $12-18 per person, while a nicer dinner for two might cost $70-100 including drinks.
Taxes and Fees
Tennessee has no state income tax, which helps offset other costs. However, Hermitage residents pay property taxes and sales taxes:
- Property tax rate in Hermitage: 0.96% of assessed value (2.25% assessment ratio)
- Sales tax rate: 9.25% on most goods
Vehicle registration fees in Hermitage are $26 per year for passenger cars. Drivers must also pay for emissions testing every 1-2 years, which costs $9.
Monthly Budget Summary
| Expense | Single Person | Couple | Family of 4 |
|---|---|---|---|
| Housing (rent) | $1,100 – $1,500 | $1,450 – $2,000 | $1,800 – $2,500 |
| Utilities | $200 – $300 | $250 – $400 | $400 – $600 |
| Groceries | $300 – $400 | $500 – $700 | $900 – $1,200 |
| Transportation | $200 – $300 | $300 – $500 | $400 – $800 |
| Healthcare | $200 – $300 | $400 – $600 | $800 – $1,200 |
| Other | $200 – $400 | $400 – $800 | $500 – $1,000 |
| Total | $2,200 – $3,200 | $3,300 – $5,000 | $4,800 – $7,300 |
Note: All figures are in gross monthly income (pre-tax). Actual budgets will vary based on lifestyle, family size, and spending habits.
Lifestyle Considerations
Hermitage offers a suburban lifestyle with relatively easy access to central Nashville. Commute times to downtown range from 20-40 minutes depending on traffic.
The area has a mix of older and newer homes. Older properties from the 1970s-90s are more affordable but may need updates. Newer construction tends to have more space and amenities but comes at a higher price point.
Hermitage has several parks, a public golf course, and Percy Priest Lake for outdoor recreation. The local job market is primarily in healthcare, retail, and service industries, with additional opportunities in nearby Nashville.
Frequently Asked Questions
What salary do you need to live comfortably in Hermitage?
A single person can live comfortably in Hermitage on a gross income of $3,000+/month. For a family of four, a combined household income of $6,000+/month allows for a solid middle-class lifestyle.
How does the cost of living in Hermitage compare to Nashville?
Hermitage is about 10-15% cheaper than Nashville proper. Housing costs are the main difference, with Hermitage offering more affordable suburban homes and apartments.
Are utilities expensive in Hermitage?
Utilities in Hermitage are slightly below the national average. However, electricity bills can spike in the summer due to high A/C usage, and gas bills rise in the winter for heating.
How much is the average rent in Hermitage?
As of 2025, the average rent for a basic 2-bedroom apartment in Hermitage is $1,450 per month. Prices range from $1,100 for older units up to $1,800+ for luxury properties.
What are the best neighborhoods in Hermitage?
Some of the most desirable neighborhoods in Hermitage include Hickory Hills, Chandler Pointe, and Brookstone. These areas have a mix of well-maintained older homes and newer construction, with easy access to amenities.
How much do you need to make to buy a house in Hermitage?
To afford a median-priced home in Hermitage (around $450,000 in 2025), you’ll need a household income of at least $90,000, assuming a 10% down payment and 30-year mortgage at 5% APR. Actual requirements vary based on your credit, debts, and down payment.
Is Hermitage a good place to raise a family?
Yes, Hermitage is a family-friendly suburb with good schools, safe neighborhoods, and plenty of parks and recreation options. The reasonable cost of living makes it an attractive choice for middle-class families.