Collierville, TN vs Oak Ridge, TN

The cost of living difference between Collierville, TN and Oak Ridge, TN is dramatic. Oak Ridge is 39.8% cheaper than Collierville, a gap that translates to thousands of dollars per year in household expenses. Collierville has a cost index of 117 while Oak Ridge sits at 84, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Collierville is $1,574/month compared to $1,076/month in Oak Ridge — a 46% difference. Home values follow the same pattern: Oak Ridge is more affordable at $233,500 median vs $458,300.

Median household income in Collierville is $134,319 compared to $71,000 in Oak Ridge (+89.2%). 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 18.2% in Oak Ridge.