Collierville, TN vs Lebanon, TN

There is a significant gap in the cost of living between these two cities. Lebanon is 17.4% cheaper than Collierville. With a cost index of 100 vs 117, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Lebanon to Collierville should plan for substantially higher expenses across most categories.

On the housing front, median rent in Collierville is $1,574/month compared to $1,210/month in Lebanon — a 30% difference. Home values follow the same pattern: Lebanon is more affordable at $359,300 median vs $458,300.

Median household income in Collierville is $134,319 compared to $71,320 in Lebanon (+88.3%). While Collierville 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 20.4% in Lebanon.