Living in Collierville, Tennessee
Cost of living, income, home prices, rent and demographics of Collierville · Census data 2020–2024
Collierville has 51,515 residents with a median age of 41. The median household income is $138,598 (99% higher than the Tennessee median), the median home value is $485,900, the median rent is $1,691/month.
Collierville at a glance
- Population
- 51,515
- Median age
- 41State: 38.9
- Median household income
- $138,598State: $69,595
- Median home value
- $485,900State: $286,700
- Median rent
- $1,691/moState: $1,189
- Homeowners
- 79.9%
- Bachelor's degree or higher
- 62.5%
- Average commute
- 25 min
Is Collierville a good place to live?
Pros: Median household income 99% higher than the Tennessee median; an average commute of 25 minutes; unemployment of 4%; a poverty rate of 3.2%.
Cons: Home values 69% higher than the state median.
The weather is best in April–May and September–October.
Cost of living in Collierville
Housing is the biggest part of the cost of living. In Collierville the median home value is $485,900, 46% higher than the U.S. median. Renters pay a median of $1,691 per month, which is 22.5% of household income. Homeowners with a mortgage pay $2,609 a month in housing costs.
Collierville median household income
The median household income in Collierville is $138,598 and the income per person is $62,842. 3.2% of residents live below the poverty line (Tennessee: 13.8%).
Housing in Collierville: homes for sale and rent
- Housing units
- 19,054
- Owner-occupied
- 79.9%
- Renter-occupied
- 20.1%
- Vacant
- 4.7%Includes seasonal homes
- Median year built
- 1998
- Average household size
- 2.82
Collierville demographics
- Population
- 51,515
- Median age
- 41
- Under 18
- 26.8%
- 65 and older
- 16%
- Households
- 18,161
- Foreign-born
- 13.5%
- Veterans
- 5.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Collierville ›
Education in Collierville
62.5% of adults 25 and older in Collierville have a bachelor's degree or higher (Tennessee: 31.1%), and 26.9% have a graduate or professional degree.
Jobs and commute in Collierville
- Unemployment rate
- 4%State: 4.7%
- Average commute
- 25 minState: 26 min
- Work from home
- 21.4%
- Drive alone
- 71.2%
- Public transit
- 0%
- Walk to work
- 0.3%
- Homes with broadband
- 97.8%
Collierville vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Collierville | 51,515 | $138,598 | $485,900 | $1,691 |
| Piperton | 2,569 | $130,100 | $618,800 | $1,083 |
| Germantown | 40,673 | $149,920 | $470,800 | $1,816 |
| Rossville | 1,142 | $120,357 | $481,800 | — |
| Olive Branch | 47,019 | $100,606 | $290,000 | $1,829 |
| Mount Pleasant | 391 | $60,267 | — | — |
| Byhalia | 1,588 | $38,500 | $133,100 | $439 |
| Arlington | 15,205 | $135,105 | $424,400 | $2,164 |
| Bartlett | 56,876 | $102,070 | $310,400 | $1,638 |
More for people moving to Collierville
Collierville ZIP code ›Weather and climate ›Living in Collierville: FAQ
What is the median household income in Collierville, TN?
The median household income in Collierville is $138,598, 99% higher than the Tennessee median of $69,595 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Collierville?
The median home value in Collierville is $485,900, compared with $286,700 in Tennessee.
How much is rent in Collierville?
The median gross rent in Collierville is $1,691 per month, about 22.5% of household income.
Is Collierville, TN a good place to live?
Pluses: median household income 99% higher than the Tennessee median; an average commute of 25 minutes; unemployment of 4%; a poverty rate of 3.2%. Minuses: home values 69% higher than the state median.
What is the median age in Collierville?
The median age in Collierville is 41 years (Tennessee: 38.9).
How long is the commute in Collierville?
The average commute to work in Collierville is 25 minutes; 21.4% of workers work from home.
What is the unemployment rate in Collierville?
The unemployment rate in Collierville is 4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Collierville?
62.5% of adults in Collierville have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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