Collierville's competitive cost of living enhances the countless amenities that make it the premier address for elevated living in the Mid-South.
- According to the Office of Revenue Analysis for the District of Columbia (2013), the State of Tennessee has the 3rd lowest tax burden in the U.S. (7.7%) and does not impose a state income tax.
- Memphis Light, Gas and Water (MLG&W) customers pay the lowest utility bills including electricity and natural gas, in the nation, according to a 2013 survey of 50 utilities.
- KPMG's "Low Cost Cities to do Business" analysis (2013) ranked Memphis (95.8) as the 5th most cost friendly metro area in the 1-2 million population category.
- Bottom line, in beautiful Collierville, Tennessee, your dollar will go further!
When you couple a low cost area with award winning schools, low crime, escalating home values, countless amenities and ready access to markets and assets, Collierville simply makes sense for families and businesses looking for an enhanced lifestyle in a strategic location.
COST OF LIVING & HOUSING
|Plano, TX (Dallas)||97||87|
|Chesterfield, MO (St. L)||104||120|
|Franklin, TN (Nashville)||103||114|
|Hoover, AL (Birmingham)||94||98|
|Germantown, TN (Memphis)||95||109|
|Madison, MS (Jackson)||102||114|
Source: Council of Community and Economic Development Research Q3 2013, 100 equals National Average
COLLIERVILLE COST of LIVING INDEX
|Cost of Living||94||89||100|
|Goods & Services||88||94||100|
Source: AreaVibes (2013)
The tax rate in Collierville is $1.78 per $100 of assessed value. Assessment based on percentage of assessed value – Residential 25% / Commercial 40% / Industrial 40%. (Shelby County, TN Property Assessor)
See the Town's FY 15-16 Budget in Brief for more information on how we continue to sustain Collierville as one of the most desirable communities in Tennessee.