Madison, TN vs. Hermitage, TN: Cost of Living Comparison (2025)
Choosing between the Nashville suburbs of Madison and Hermitage? This cost of living comparison breaks down the key differences in housing, utilities, groceries and more as of 2025. Whether you’re relocating for work, buying a home, or renting an apartment, see which city best fits your lifestyle and budget.
Housing Costs
Housing is often the biggest factor in cost of living. Here’s how typical rent and home prices compare in Madison vs Hermitage:
| Housing Type | Madison | Hermitage |
|---|---|---|
| Median 2BR Apartment Rent | $1,250 | $1,400 |
| Median 3BR Home Price | $350,000 | $390,000 |
🏆 Winner: Madison. You’ll generally pay about 10-15% less for comparable housing in Madison compared to Hermitage.
Utilities and Energy Costs
Utility costs are fairly similar between the two cities. Expect to pay around $180-$250 per month for electricity, gas, water and trash for a typical apartment. Larger homes may pay $300+ in the peak of summer when air conditioning is in heavy use.
🏆 Winner: Tie. No major difference in utility costs between Madison and Hermitage.
Groceries and Daily Expenses
Groceries, dining out, and everyday purchases cost about the same in Madison and Hermitage. Both have easy access to major grocery chains, retailers, and a good mix of local and chain restaurants.
One notable difference: Madison is a bit closer to downtown Nashville, so you may save a little on gas or rideshares if you head into the city often. But Hermitage has more local shopping and dining options right in town.
🏆 Winner: Tie. Costs are comparable for groceries and daily spending in both cities.
Taxes and Fees
Property taxes are slightly lower in Madison, averaging around 0.7% compared to Hermitage’s 0.8% rate. So for a $350,000 home, that’s a difference of about $350 per year.
Both cities have similar fee structures for city services and utilities. Hermitage does tend to have slightly higher HOA fees in planned communities, often in the $200-300/month range to cover more amenities.
🏆 Winner: Madison. Lower property taxes give Madison a slight edge.
Cost of Living in Madison vs Hermitage Summary
| Category | Madison | Hermitage |
|---|---|---|
| Housing | $1,250 – $1,800 | $1,400 – $2,000 |
| Utilities | $180 – $300 | $180 – $300 |
| Groceries | $400 – $800 | $400 – $800 |
| Transportation | $60 – $150 | $80 – $200 |
| Taxes & Fees | 0.7% property tax $0 – $200 HOA | 0.8% property tax $200 – $300 HOA |
| Est. Monthly Total | $2,200 – $3,500 | $2,500 – $3,900 |
Keep in mind, these are averages and estimates. Your actual cost of living will depend on your specific housing, lifestyle and spending habits. Figures shown are based on a gross monthly income (pre-tax).
Lifestyle Fit
While costs are generally lower in Madison, Hermitage does offer some perks that could be worth the premium for certain lifestyles:
- Hermitage has more upscale suburban amenities like golf courses, country clubs, and lakefront homes
- Hermitage is a little further from the bustle of the city for a quieter vibe
- Madison is about 5-10°F cooler on average during the peak of summer due to its location and elevation
Madison has its own selling points too, especially for those who want to be a little closer to the action of Nashville proper without paying city prices. It also offers easier access to outdoor recreation in places like Peeler Park and Stones River Bend Park.
Frequently Asked Questions
Is Madison more affordable than Hermitage?
Yes, Madison is generally 10-20% cheaper than Hermitage, primarily due to lower housing and tax costs.
Which city has lower rent prices?
Rental rates are typically lower in Madison by around $100-$200 per month for a comparable apartment.
Where is it cheaper to buy a home, Madison or Hermitage?
Madison has lower median home prices and slightly lower property taxes, making it more affordable for buyers. You can expect to pay about 10% less for a similar home in Madison vs Hermitage.
Conclusion
While both Madison and Hermitage offer a high quality of life in the Nashville area, Madison comes out ahead in terms of overall affordability. It’s an especially good fit for those looking to buy a home, live closer to the city, or save on monthly expenses.
However, Hermitage’s newer housing stock, lakefront properties, and country club communities will still be worth the added cost for some. It’s perfect for those who value upscale suburban amenities and a bit more distance from the city.
Ultimately, the right choice depends on your personal budget, lifestyle and preferences. We recommend visiting both cities and looking at a few housing options to get a feel for which area is the best fit.
For more details on budgeting for life in Madison, check out these additional resources: