Cost of Living in Collierville, TN
Population: 51,212 • 2026 Data
$134,319
Median Household Income
+74% vs national
$1,574
Median Monthly Rent
+17% vs national
$458,300
Median Home Value
+35% vs national
3.1%
Unemployment Rate
Housing in Collierville
The median home value in Collierville, TN is $458,300. Monthly rent for a typical unit averages $1,574, while total monthly housing costs (including utilities and insurance) average $1,915.
Rent-to-income ratio: 14.1%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Collierville, TN is $134,319. The unemployment rate stands at 3.1%, with a labor force of 25,886 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.