What is the cost of living in Collierville, TN?
According to the most recent data on the cost of living, Collierville has an overall cost of living index of 118, which is 1.2x higher than the national index of 100.
Compared to Tennessee, Collierville has a cost of living index that's 1.3x higher than Tennessee's index of 94.
The standard of living in Collierville ranks as #101 most affordable out of the 109 places we measured in Tennessee. By definition, that implies Collierville ranks as the #8 most expensive place in the Volunteer State.
For more reading on life in Collierville, check out:
Collierville Cost Of Living Vs. Tennessee
Six factors go into calculating the cost of living index in Collierville. Here is how it fares on each of the criteria:
The Services index in Collierville is 101.
The Groceries index in Collierville is 97.
The Health index in Collierville is 168.
The Housing index in Collierville is 98.
The Transportation index in Collierville is 97.
The Utilities index in Collierville is 93.
| Living Expense | Collierville | Tennessee | National Average |
|---|---|---|---|
| Overall | 118 | 94 | 100 |
| Services | 101 | 99 | 100 |
| Groceries | 97 | 96 | 100 |
| Health | 168 | 82 | 100 |
| Housing | 98 | 95 | 100 |
| Transportation | 97 | 99 | 100 |
| Utilities | 93 | 98 | 100 |
Collierville Cost Of Living Compared To Tennessee Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Tennessee, check out:
Protect your home budget Compare home warranties in Collierville Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Collierville, TN Housing Cost Breakdown
Housing swings affordability the most between places in Tennessee, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Collierville is $509,893.
The Median Rent in Collierville is $1,691.
The Median Income in Collierville is $138,598.
The Home Value To Income in Collierville is 3.7x.
The Rent To Monthly Income in Collierville is 0.15x.
| Statistic | Collierville | Tennessee | United States |
|---|---|---|---|
| Median Home Value | $509,893 | $333,650 | $332,700 |
| Median Rent | $1,691 | $1,189 | $1,413 |
| Median Income | $138,598 | $69,595 | $80,734 |
| Home Value To Income | 3.7x | 4.8x | 4.1x |
| Rent To Monthly Income | 0.15x | 0.21x | 0.21x |
Collierville, TN Costs By Category
Detailed Collierville Services costs vs. Tennessee
| Item | Collierville | Tennessee |
|---|---|---|
| Shampoo | $1.11 | $1.28 |
| Movie | $11.99 | $12.13 |
| Bowling | $13.75 | $18 |
| Haircut | $26.94 | $24.26 |
| Beauty Salon | $41.92 | $45.56 |
Detailed Collierville Groceries costs vs. Tennessee
| Item | Collierville | Tennessee |
|---|---|---|
| Ground Beef | $6.1 | $5.84 |
| Fried Chicken | $1.46 | $1.57 |
| Milk | $4.71 | $4.67 |
| Potatoes | $5.15 | $4.93 |
| Pizza | $10.66 | $12.09 |
| Beer | $9.95 | $10.41 |
| Toothpaste | $3.62 | $3.7 |
Detailed Collierville Health costs vs. Tennessee
| Item | Collierville | Tennessee |
|---|---|---|
| Optometrist | $77.39 | $125.68 |
| Doctor | $124.94 | $135.78 |
| Dentist | $91.51 | $113.29 |
Detailed Collierville Transportation costs vs. Tennessee
| Item | Collierville | Tennessee |
|---|---|---|
| Gasoline | $3.14 | $3.46 |
| Tire Balancing | $55.67 | $59.92 |
Detailed Collierville Utilities costs vs. Tennessee
| Item | Collierville | Tennessee |
|---|---|---|
| All Electricity | $163.38 | $193.99 |
| Phone | $192.72 | $192.25 |
Collierville SnackAbility
Cost Of Living In Cities Around Collierville
The cost of living varies in the cities and towns around Collierville. Here's a quick look at the cost of living in the most populous nearby places:
Memphis, TN has a cost of living index of 93, 0.8x Collierville.
Bartlett, TN has a cost of living index of 102, 0.9x Collierville.
Southaven, MS has a cost of living index of 95, 0.8x Collierville.
| City | Population | Cost Of Living | Vs. Collierville |
|---|---|---|---|
| Memphis, TN | 618,980 | 93 | 0.8x |
| Bartlett, TN | 56,876 | 102 | 0.9x |
| Southaven, MS | 56,226 | 95 | 0.8x |
| Olive Branch, MS | 47,019 | 103 | 0.9x |
| Germantown, TN | 40,673 | 121 | 1.0x |
| Arlington, TN | 15,205 | 115 | 1.0x |
| Lakeland, TN | 14,192 | 113 | 1.0x |
| Oakland, TN | 9,979 | 103 | 0.9x |
