Cost of Living in Collierville
Collierville's cost of living carries a genuinely wide, disclosed disagreement this session -- sources disagreed not just on the exact index number but on the basic DIRECTION relative to the national average, a real gap worth understanding before budgeting a move.
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Learn moreA genuine, three-way disagreement -- not just in level, but in direction
BestPlaces cites a cost-of-living index of 85.8, meaning total costs run 14.2% BELOW the national average. AreaVibes instead cites 119, meaning costs run 19% ABOVE the national average. A third source, America's Dashboard, cites 92.4 -- below the national average but on a different scale than BestPlaces. This is disclosed as a real, unreconciled discrepancy rather than resolved to one number -- BestPlaces and AreaVibes don't just differ in magnitude, they disagree on whether Collierville is cheaper or more expensive than the national average.
A real, growing median household income
Collierville's median household income grew to $138,598 in 2024, up from $134,319 the prior year -- a real, sourced increase, unlike the essentially flat income figure documented for Farragut elsewhere in this same-session batch.
No state income tax, offset by Shelby County's high combined sales tax
Tennessee levies no tax on wages or salaries. Shelby County's combined sales tax is cited at 9.75% (7.0% state + 2.75% county) -- higher than the 9.25% cited for Knox County (Farragut) elsewhere in this same-session batch, and among the higher combined rates in the nation.
Key takeaways
- Cost-of-living index figures genuinely disagreed this session -- BestPlaces (85.8, 14.2% below national) vs. AreaVibes (119, 19% ABOVE national) vs. America's Dashboard (92.4) -- a real, disclosed disagreement in both level and direction.
- Median household income grew to $138,598 in 2024 (up from $134,319) -- real, sourced growth, unlike Farragut's flat figure elsewhere in this batch.
- Shelby County's 9.75% combined sales tax runs higher than Knox County's 9.25% cited for Farragut.
- Confirm current, specific cost-of-living comparisons directly given the genuine, unreconciled disagreement documented here.
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