Collierville, TN Local Data & Statistics

State: TN

Total population: 51,515 Household income: $138,598 Rent: $1,691

Overview

Total population

51,515

Rent

$1,691

Year built

1998

Household income

$138,598

Per capita income

$62,842

Poverty rate

3.2%

Unemployment rate

3.0%

Household size

2.8 persons

Rent over 30% of income

33.1%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available, with the exception of the unemployment rate, which is sourced from the Bureau of Labor Statistics (BLS). ACS 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Demographics

State

Tennessee

Total population

51,515

Adults over 25

34,401

Total households

18,161

Household size

2.8 persons

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Income & Poverty

Household income

$138,598

Per capita income

$62,842

Poverty rate

3.2%

Unemployment rate

3.0%

Rent over 30% of income

33.1%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Housing

Rent

$1,691

Year built

1998

Households that rent

20.1%

Households that own

79.9%

Rooms per home (all homes)

7.7

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Race

White

67.6%

Black

10.8%

Asian

13.8%

Two or more races

5.8%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Ethnicity

Hispanic or Latino

Not Hispanic or Latino

95%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Commute

Commute rate

78.6%

Commute time to work

25 mins

Work from home

21.4%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Education

Less than high school

17.9%

High school graduate or GED

13.2%

Some college or associate degree

6.5%

Bachelor’s degree or higher

62.5%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Comparison of Collierville, TN with: Tennessee United States

Collierville, TN

Total population51,515

Rent$1,691

Year built1998

Household income$138,598

Per capita income$62,842

Poverty rate3.2%

Unemployment rate3.0%

Tennessee State

Total population7,066,383

Rent$1,189

Year built1987

Household income$69,595

Per capita income$39,437

Poverty rate13.8%

Unemployment rate3.4%

United States

Total population334,922,499

Rent$1,413

Year built1980

Household income$80,734

Per capita income$44,673

Poverty rate12.5%

Unemployment rate4%

Metric	TownCollierville, TN	StateTennessee	CountryUnited States
Total population	51,515	7,066,383	334,922,499
Rent	$1,691	$1,189	$1,413
Year built	1998	1987	1980
Household income	$138,598	$69,595	$80,734
Per capita income	$62,842	$39,437	$44,673
Poverty rate	3.2%	13.8%	12.5%
Unemployment rate	3.0%	3.4%	4%

View the complete comparison of Collierville, TN, Tennessee and United States →

Summary for Collierville, TN

Collierville is located in Tennessee.

Rent & Income

In Collierville, the typical monthly rent is $1,691 and the typical household income is $138,598. Rent here is higher than in both Tennessee and the U.S., and household income is also higher than in both. The estimated poverty rate is 3.2%, which is lower than in both Tennessee and national.

Housing & Affordability

This area is primarily owner-occupied, with renters accounting for about 20.1% of households. Around 33.1% of renters are cost-burdened, indicating a moderate level of rent pressure.

Education & Employment

Educational attainment is very high, with about 62.5% of adults holding a bachelor’s degree or higher. The local unemployment rate is 3.0%, which is lower than both Tennessee and the national rate.

Collierville, TN — Rent vs Household Income

Collierville, TN — Poverty vs Unemployment

How Collierville, TN compares in Tennessee (14 places)

Metric	This place	Rank	Starts from	Statewide range
Rent	$1,691	12 / 14	from lower rent	$907 – $1,923
Household income	$138,598	1 / 14	from higher income	$51,736 – $138,598
Poverty rate	3.2%	1 / 14	from lower poverty	3.2% – 23.1%
Unemployment rate	3%	4 / 14	from lower unemployment	2.5% – 5%

Rankings are calculated among cities and communities in Tennessee with total population > 50,000 (year 2024).

Detailed Ranking Explanation for Collierville, TN

Rent

In rent comparisons, Collierville comes in 12th out of 14 large places. Across Tennessee, rents vary from $907 in Kingsport, TN to $1,923 in Franklin, TN.

Household income

Collierville ranks 1st among 14 large places for typical household income. Statewide values run from $51,736 in Memphis, TN to $138,598 in Collierville, TN.

Poverty rate

In poverty comparisons, Collierville ranks 1st out of 14 large places. Statewide rates vary from 3.2% in Collierville, TN to 23.1% in Memphis, TN.

Unemployment rate

For unemployment, Collierville ranks 4th out of 14 large places. Across Tennessee, unemployment ranges from 2.5% in Spring Hill, TN to 5% in Memphis, TN.

💰 Rent in Collierville, TN (with Utilities)

Estimated Monthly Rent: $1,691 ℹ️ What’s Included:
✅ Base rent, electricity, gas, water/sewer, and heating fuels
❌ Not included: internet, cable TV, renter's insurance, parking

💡 What does this rent estimate mean?

Explanation: This estimate shows what renters typically pay each month for housing, including the apartment or home and essential utilities such as heat, water, and electricity. Even when utilities are billed separately, an estimated average cost for utilities is included, in line with the U.S. Census Bureau’s (ACS) definition of gross rent.

Included in this number: Rent plus electricity, gas, water/sewer, and heating fuel.

Not included: Internet, cable, parking, renter’s insurance, or furniture rental.

Note: This cost does not depend on the number of people living in the home.

👨‍👧‍👦 Household Income in Collierville, TN

Annual Household Income: $138,598

💡 What does Household Income mean?

Definition: This represents the middle value of all household incomes in this area — half of households earn less, and half earn more.

Includes: wages, salaries, self-employment income, Social Security, pensions, investments, unemployment, public assistance, and rental income.

Does NOT include: capital gains, non-cash benefits (like food stamps), or tax refunds.

Household = any group of people (or a single person) living in the same housing unit.

Example: A couple earning $40,000 and $30,000 together have a household income of $70,000. If that's in the middle of all local incomes, it's the value shown here.

📉 Poverty Rate in Collierville, TN

Estimated Rate: 3.2%

💡 What does the Poverty Rate represent?

Definition: The percentage of people in this area living below the federal poverty threshold.

How it works: The threshold is a dollar amount set by the U.S. Census Bureau that varies by family size and age. If a household's income is below that level, everyone in it is included in this rate.

Example: In a town of 10,000 people, if 1,500 have incomes below the poverty line, the poverty rate is 15%.

Note: This statistic only includes people living in households; it does not count those in student housing, military barracks, or nursing homes.

🏘️ Renter vs. Owner Households in Collierville, TN

In Collierville, TN, households that rent: 3,648 (20.1%)

📊 What does the renter household percentage reveal about this area?

Household Type	Count	Share
Renter-Occupied	3,648	20.1%
Owner-Occupied	14,513	79.9%

Definition: This is the percentage of households that rent their home rather than own it. It includes only occupied housing units.

Why it matters: Areas with a high share of renter households often have younger populations, higher mobility, and different housing needs compared to mostly owner-occupied areas.

Example: If 65% of homes in an area are renter-occupied, it means 65 out of every 100 households rent their home.

📉 Renters Spending Over 30% of Income on Rent in Collierville, TN

In Collierville, TN, cost-burdened renters (households spending over 30% of income on housing): 1,206 (33.1%)

🏚️ What Does It Mean When Renters Spend Over 30% of Their Income on Housing?

Household Group	Households	Share
Cost-burdened renters (over 30%)	1,206	33.1%
Other renter households	2,442	66.9%
Total renter households	3,648	100%

Shares are calculated as a percentage of renter households.

This shows how many renters in this area are considered cost-burdened — meaning they spend more than 30% of their income on housing (rent and basic utilities).

It’s a sign that housing might be unaffordable in the area or that lower-income residents may be struggling with rent.

Data comes from the U.S. Census Bureau’s American Community Survey.

📊 Education Levels in Collierville, TN

Less than High School: 6,144 people (17.9%)

Includes adults who did not complete high school.

High School Graduate or GED: 4,530 people (13.2%)

Includes adults whose highest education is a high school diploma or GED.

Some College or Associate Degree: 2,232 people (6.5%)

Includes adults who attended college without completing a bachelor’s degree (some college or associate degree).

Bachelor’s Degree or Higher: 21,495 people (62.5%)

Includes adults with a bachelor’s degree or higher (bachelor’s, master’s, professional, or doctoral degree).

👥 Total Adults (25+): 34,401

📊 Unemployment Rate in Collierville, TN

Estimated Rate: 3.0%

💡 What does Unemployment Rate mean?

Definition: The unemployment rate is the percentage of people in the labor force who do not have a job but are actively looking for one.

Labor Force = Employed + Unemployed (aged 16+ and actively participating in the workforce).

Formula: (Unemployed ÷ Labor Force) × 100

Does NOT include: People who are retired, students not looking for work, homemakers, or otherwise not seeking employment.

Example: If there are 1000 people in the labor force and 80 are unemployed, then the unemployment rate is 8%.

Similar Population

Harrisonburg, VA51,492 Palm Desert, CA51,551 Dunwoody, GA51,563 Mooresville, NC51,447 Little Elm, TX51,426 Lincoln, CA51,629 Glendora, CA51,350 West New York, NJ51,683 Burien, WA51,331 Aliso Viejo, CA51,320

ℹ️ Have questions about how these statistics are calculated? See our data methodology & FAQs

Source: ACS 5-Year Estimates (U.S. Census Bureau) — unemployment rate from BLS. Some values are derived metrics.