Collierville, TN
Population 51,212 · Tennessee
About Collierville, TN
Collierville is a mid-sized city located in Tennessee with a population of 51,212 residents according to the latest US Census Bureau American Community Survey data. The median household income is $134,319 per year, which is 79% above the national median of $75,149. The median age of 39.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Collierville features a median home value of $458,300, which is 87% above the national median of $244,900. This places Collierville in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,574, 35% above the national average of $1,163/month. Of the 18,547 total housing units, 81% are owner-occupied (14,294 units) and 19% are renter-occupied (3,419 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Collierville shows an unemployment rate of 3.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Collierville have an average one-way commute time of 25.6 minutes.
Education & Demographics
60.6% of Collierville residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 1.9% White, 1.1% Hispanic or Latino, 0.2% Black or African American, and 2.0% Asian residents, with 12.1% of the population being foreign-born.
How Collierville Ranks in Tennessee
Cost of Living in Collierville, TN
Compared to national averages, Collierville has a median household income of $134,319 (79% above the national median of $75,149). Home values average $458,300, which is 87% above the national median. Monthly rent at $1,574 is 35% above the US average of $1,163. Within Tennessee, Collierville's income is 114% above the state average of $62,849, and home values are 114% above the state median of $214,371.
Why Live in Collierville, TN?
Collierville offers a strong local economy with a median household income of $134,319, well above the national average, and a strong job market with an unemployment rate of just 3.1%, and a well-educated community where 60.6% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 2.6%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $458,300. However, as a mid-sized city, Collierville provides access to a wide range of amenities and services.
Collierville has a population of 51,212 with a median age of 39.8 years. Compare Collierville with other cities to see how it stacks up, or explore all cities in Tennessee.
Similar Cities Near Collierville
Cities in Tennessee with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Spring Hill | 53,585 | $106,658 | $452,400 | Compare |
| Cleveland | 48,185 | $55,904 | $241,800 | Compare |
| Smyrna | 55,066 | $78,409 | $326,700 | Compare |
| Gallatin | 46,667 | $73,589 | $343,700 | Compare |
| Kingsport | 55,807 | $50,436 | $203,000 | Compare |
| Bartlett | 56,998 | $100,660 | $283,700 | Compare |
| Brentwood | 45,272 | $184,720 | $926,700 | Compare |
| Columbia | 43,971 | $61,204 | $261,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Tennessee
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Collierville With Other Cities
Frequently Asked Questions about Collierville
What is the population of Collierville, TN?
The population of Collierville, TN is 51,212 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Tennessee.
What is the median household income in Collierville?
The median household income in Collierville, TN is $134,319 per year, which is 79% above the national median of $75,149.
What is the median home value in Collierville?
The median home value in Collierville, TN is $458,300, which is 87% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Collierville?
The median monthly rent in Collierville, TN is $1,574, which is 35% above the national average of $1,163/month.
What is the unemployment rate in Collierville?
The unemployment rate in Collierville, TN is 3.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Collierville, TN a good place to live?
Collierville offers above-average incomes, a competitive housing market, and a strong job market. With a population of 51,212 and a median age of 39.8, the city appeals to a broad range of residents.
How educated is Collierville, TN?
60.6% of residents in Collierville aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Collierville?
Key cost-of-living indicators for Collierville, TN: median home value is $458,300 (87% above national), median rent is $1,574/month, and median household income is $134,319. The home-value-to-income ratio is 3.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Collierville?
The poverty rate in Collierville, TN is 2.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Collierville, TN?
Collierville's population is 1.9% White, 1.1% Hispanic or Latino, 0.2% Black or African American, 2.0% Asian, and 10.9% two or more races. 12.1% of residents are foreign-born.