Collierville, TN vs Smyrna, TN

There is a significant gap in the cost of living between these two cities. Smyrna is 15% cheaper than Collierville. With a cost index of 102 vs 117, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Smyrna 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 $1,366/month in Smyrna — a 15% difference. Home values follow the same pattern: Smyrna is more affordable at $326,700 median vs $458,300.

Median household income in Collierville is $134,319 compared to $78,409 in Smyrna (+71.3%). 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 20.9% in Smyrna.