Collierville, TN vs Springfield, TN

The cost of living difference between Collierville, TN and Springfield, TN is dramatic. Springfield is 35.3% cheaper than Collierville, a gap that translates to thousands of dollars per year in household expenses. Collierville has a cost index of 117 while Springfield sits at 87, 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 $1,107/month in Springfield — a 42% difference. Home values follow the same pattern: Springfield is more affordable at $235,200 median vs $458,300.

Median household income in Collierville is $134,319 compared to $58,741 in Springfield (+128.7%). 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 22.6% in Springfield.