Cost of Living in Collierville, TN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
173.6
100 = national avg
+73.6 vs national average
Living Wage (1 Adult)
$76,369
per year
Living Wage (Family of 4)
$180,510
per year
Cost Index by Category
Housing199.5
Food152.7
Transportation137.8
Healthcare142.1
Utilities151.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,154
per month
2 Bedroom
$1,274
per month
The overall cost of living index in Collierville is 173.6, which is 73.6% above the national average. Housing costs are above the national average at an index of 199.5. A single adult needs to earn approximately $76,369 per year to cover basic expenses.