Nashville ranks as nation's 18th most affordable

Personal finance website NerdWallet has ranked Nashville No. 18 nationally for affordable living.

Based Council for Community and Economic Research’s (C2ER) 2013 Annual Report figures, NerdWallet.com assessed multiple U.S. cities to reach its 100 most affordable ranking. The ranking considers home-ownership, cost of goods and services, and jobs markets, among other metrics.

Other Tennessee cities listed are Memphis (ranked 4th), Knoxville (35th), Cookeville (68th), Cleveland (69th), Morristown (83rd) and Murfreesboro-Smyrna (86th).

Texas is home to the most affordable city: Harlingen. The Lone Star State has the most cities (19) on the list.

Cities in states that border Tennessee and also scored a place on the list include the following: Jonesboro, Arkansas (10th); Tupelo, Mississippi (13th), Augusta-Aiken, Georgia-South Carolina (14th), Birmingham, Alabama (19th); and Dothan, Alabama (20th).

The C2ER Annual Report gathers facts and figures by using an econometric system to analyze “key determinants” to assess U.S. cities.

Read the full ranking here.