Retirement Lists

Cost of Living in Collierville, Tennessee

A view of the gazebo on Collierville’s town square in March 2020.
Photo by Chase Via via Wikimedia Commons, CC BY-SA 4.0

Collierville costs

A prosperous town still needs a complete carrying-cost budget

Census estimates for 2020 through 2024 place median owner value at $485,900, median gross rent at $1,691, and median selected owner costs at $2,609 with a mortgage or $898 without one. Median household income was $138,598.

Add taxes, insurance, utilities, cooling, repairs, HOA fees, parking, transportation, care, prescriptions, and greenbelt access. Compare a central home with a less expensive property that adds traffic and service miles.

Planning a monthly budget

A local monthly estimate of $3,405 gives you the starting point, with housing taking the largest share.

Housing
$1,445
Utilities (in rent)
$243
Food
$460/mo
Transportation
$1,064/mo
Healthcare
$436

Utilities are included in housing so they are not added twice. The separate Utilities row is a reference estimate.

How the total can change

A traveler style stay, a couple household, and long term rent answer different planning questions.

Comfortable Living
$4,948

Moderate

Cost of Living for Couple
$4,911

Good

Typical 1BR Rent
$1,445

Very Good

Everyday expenses

Dining, transportation, taxes, and car needs can change how the monthly budget feels.

Dining Out
$225/mo

Excellent

Need for a Car
Required
Property Taxes
Moderate

Fair

Overall Feel
Moderate
Residents 65+ Below Poverty Level
4.9%
65+ Householder — Renter Occupied
15.6%
65+ Households With High Housing Costs
29.0%
Median Household Income, Householder 65+
$94,066

Could Collierville fit your monthly retirement budget?

Compare your monthly budget with a city estimate. Add your expected housing amount when you have a more useful number.

Housing

Enter your expected rent and required housing charges, or leave this blank to use the current renter amount.

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Starting renter estimates

Use these broad monthly estimates as a starting point, then replace them with costs you know.

One person
$3,405 per month
Two people
$4,911 per month

One-person estimate breakdown

Housing
$1,445
Food
$460
Transportation
$1,064
Healthcare
$436

Taxes, debt, insurance, out-of-pocket care, travel, and one-time moving costs may not be included.

Collierville in everyday life

Could Collierville work for you?

What may work well

  • Census provides detailed city housing benchmarks.
  • A local hospital and greenbelt may reduce some recurring travel.

What to think about

  • Housing costs are high relative to many smaller retirement markets.
  • Traffic, cooling, repairs, HOA fees, and regional care can add cost.

Price a Collierville household

  1. Compare several addresses

    Keep housing, taxes, insurance, utilities, repairs, HOA fees, drainage, parking, and traffic visible.

  2. Map recurring care

    Price Baptist Memorial, pharmacy, groceries, greenbelt, library, family, and Memphis-area specialists from the home.

  3. Reserve for weather

    Keep room for cooling, drainage repairs, roof, power, rides, and a route after heavy rain or heat.

Questions retirees ask

Is $898 the full cost of owning without a mortgage?

No. It is the Census median for selected owner costs without a mortgage. Add taxes, insurance, utilities, repairs, HOA fees, care, parking, and transportation.

Why can two Collierville homes have different budgets?

Taxes, insurance, HOA fees, utilities, repairs, traffic, drainage, parking, distance, and access to care vary by address.

Collierville affordability depends on the actual home, taxes, insurance, cooling, drainage, traffic, transportation, and access to local and regional care.

Sources

The budget value gives a starting point for everyday spending. Housing, healthcare, safety, and climate can change what feels comfortable for a household.

Housing mix, exchange rates, healthcare needs, car ownership, and travel style can move a real monthly budget materially.

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How this city research is made

Retirement Lists uses documented public sources and methods to research, review, and correct city information. Read our Editorial Policy.