Nashville No. 7 in U.S. in household spending (rent, insurance)

[BirdieBelle]

According to Bundle.com, Nashville households spend almost $53,000 per year on stuff (not including mortgage, rent or insurance.) The national average is $37,782.

Assets : Bundle Report 2010: See the 25 top-spending cities in the U.S. (plus: the bottom five) : Bundle

[DonCorleone]

Wow. That surprises me somewhat. Not the dollar amount, but that it is out of whack with the national average.

[Pimpy]

That surprises me too, especially with Dave Ramsey being based out of this area.

[BirdieBelle]

They noted that areas with a lower cost of living usually have higher discretionary spending, but the amount surprised me too. I wonder if there's a correlation between that and Tennessee being No. 2 in personal bankruptcies (now behind Nevada).

[DonCorleone]

Originally Posted by Wmsn4Life

They noted that areas with a lower cost of living usually have higher discretionary spending, but the amount surprised me too. I wonder if there's a correlation between that and Tennessee being No. 2 in personal bankruptcies (now behind Nevada).

I'm sure there is.

[shinestx]

LOL... it certainly does NOT relate at all to high-end shopping in Nashville. To have the 7th highest per-cap spending, it's something of a surprise that the area does not have a Neimans or a Saks and the elite boutiques you find in big shopping destinations. Yes, you are getting a Nordstrom.

[BirdieBelle]

Originally Posted by shinestx

LOL... it certainly does NOT relate at all to high-end shopping in Nashville. To have the 7th highest per-cap spending, it's something of a surprise that the area does not have a Neimans or a Saks and the elite boutiques you find in big shopping destinations. Yes, you are getting a Nordstrom.

Nope, it was Target, Dillards, Macy's, Sam's Club, Tiffany (?!!), J.Crew, Stein Mart, Michael's and Sears. Discounts count!

[poolagoo]

I read that Tennessee is ranked #8 in the country for people to relocate to as well. Might there be a correlation here? I know when we move in July we aren't taking any of our larger . more expensive possessions with us ( couches, beds, dressers, patio furniture ,etc.) and we'll be purchasing new when we get down. I doubt we're the the only ones that do this and that would probably boost this number a bit.

[hml1976]

It doesn't really surprise me. We moved from Nashville in 2008 to the pacific northwest and I'm surprised (pleasantly) how much less people here care about new cars, furniture and big tvs. Some of that is probably (definitely) due to higher housing and taxes but some is cultural too I think.

[Kansaichick]

I am a bit late to responding to this..... but being a "transplant" to greater Nashville, I am NOT surprised at all. I have been amazed at the spending habits of many people in the community I reside in and have been surprised by how people are so caught up in consumerism.