salaryRent is higher than in 77% of U.S. cities. Household incomes are higher than in 89% of U.S. cities. A typical house costs about 3.3 years of household income. Most homes (79.9%) are owned, so rentals can be hard to find. It is a highly educated city: 62.5% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $89,160 a year. That is $43 an hour at a full-time job.
Is rent cheaper than other Tennessee cities?
No. Rent here is more expensive than in most of Tennessee. It is number 104 of 114 cities from cheapest to most expensive.
How much do households earn in Collierville?
Share of households by yearly income. 56.0% of households earn $100,000 or more.
Rent by apartment size in Collierville
| Size | Collierville | U.S. average |
|---|---|---|
| Studio | $1,494 | $1,338 |
| 1 bedroom | $1,520 | $1,324 |
| 2 bedrooms | $1,829 | $1,509 |
| 3 bedrooms | $1,917 | $1,698 |
| 4 bedrooms | $2,524 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Collierville overall?
Everyday prices in Tennessee overall are 8% below the U.S. average (index 91.9, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Collierville, so the Tennessee figure is shown.
Taxes and bills in Collierville
Life in Collierville
Is it cheaper to rent or buy in Collierville?
Renting is cheaper right now: about $1,142 a month less.
Owning assumes a typical $485,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $48,590 for the down payment.
Frequently asked questions
What is the average rent in Collierville, TN?
Renting in Collierville costs a median of about $2,229 a month in 2026, including utilities. The Tennessee median is $1,279.
How much do I need to make to live in Collierville?
To keep rent under 30% of income, you need about $89,160 a year, or $43 an hour at a full-time job.
Is Collierville cheap or expensive?
Collierville is rated Cheap: rent takes 17.9% of the typical household income of $149,478. It ranks 104th cheapest of 114 Tennessee cities we track.
How much are property taxes in Collierville?
The median homeowner in Collierville pays $4,834 a year in property taxes, about 0.99% of the median home value.
Is Collierville more expensive than the national average?
Overall prices in Tennessee are 8% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Collierville?
The median home value in Collierville is $485,900, about 3.3 times the typical yearly household income.
51,515 people live in Collierville. Numbers are typical (middle) values.