Collierville, TN vs Germantown, TN

Collierville, TN and Germantown, TN have a very similar cost of living, with only a 3.5% difference in their overall index. Collierville scores 117 while Germantown scores 122 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Collierville is $1,574/month compared to $1,760/month in Germantown — a 11% difference. Interestingly, home values tell a different story: while Collierville has cheaper rent, Germantown actually has lower median home values ($441,200 vs $458,300).

Median household income in Collierville is $134,319 compared to $144,799 in Germantown (-7.2%). While Germantown is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Collierville spend roughly 14.1% of their income on rent, less than the 14.6% in Germantown.