Collierville is a gorgeous town located in Shelby County, Tennessee. Well-known as “The Town of Collier”, and it has a fascinating history that dates back to the Civil War. After General Sherman burned down the original town, Collierville was rebuilt, and it has since become one of the most affluent communities in Shelby County.
Many notable people call Collierville home, including Outdoor Channel host Bill Dance and NFL player Morgan Cox. Collierville is conveniently located just east of Memphis and Germantown, and it’s a great place to live.
Here are some of the key factors that make Collierville, TN a good place to live.
Collierville, TN: Population & Demographics
Collierville, TN is home to nearly 50,000 people. Collierville, TN has a slightly older demographic, with a median age of 40.8, which is slightly higher than the Tennessee average. However, Collierville, TN residents are doing quite well financially, with a median household income of $113,789, which is more than double the average income for the state of Tennessee.
Collierville, TN also has a composite race ethnicity. According to Demographics by Cubit, the majority of the population identifies as White, making up 72.3% of the town’s racial and ethnic groups. Asian residents are the second largest group at 11.2%, while Black residents make up 10.1% of the population.
Many people get confused when it comes to the location of Collierville. Don’t hesitate to ask the question : ”Where is Collierville, TN located?”. Many people get it wrong. Collierville, TN is located in Shelby County and borders Germantown to the west. Collierville is in close proximity to Memphis and is often considered a suburb of the city.
With such a population, moving to Collierville becomes desirable by anyone. Additionally, there is little to no crime in Collierville, TN which makes it a perfect city for families looking for a safe city to raise their children.
Quick Facts About People Living in Collierville:
- More than half (53.6%) of Collierville residents hold a Bachelor’s Degree or higher.
- Collierville High School maintains a 90%+ graduation rate and an average ACT score of 24.1
- The new Collierville High School, scheduled to open in the 2018-19 school year, will be the largest public school in Tennessee, with over 3,000 students.
- Tennessee is a Right-to-Work State, which allows workers to not join a union as a condition of employment.
- Within a 10-mile radius of Collierville, there are 86,033 people between the ages of 25 and 54, contributing to the total labor force of 607,820 in the Memphis MSA.
Cost of Living In Collierville, TN
A high median income might come at its cost for most cities in the US but that is not the case with Collierville, TN. While there are differences in real estate prices or utilities the cost of living sits inline with the national average. With its affordable cost of living, Collierville offers a wealth of amenities that make it a highly sought-after destination for elevated living in the Mid-South.
According to the Office of Revenue Analysis for the District of Columbia, Tennessee ranks third in the nation for the lowest tax burden, with a rate of 7.7%, and doesn’t have a state income tax. Additionally, a 2013 survey of 50 utilities found that Memphis Light, Gas, and Water offers the lowest utility bills in the nation for electricity and natural gas.
KPMG’s analysis also rated Memphis, which is close to Collierville, as the fifth most cost-friendly metropolitan area in the 1-2 million population category. In conclusion, living in Collierville, Tennessee offers a great value for your money.
Housing In Collierville, TN
In Collierville, the residential real estate market is varied and reasonably priced. House prices range from $220,000 to $329,950. For people looking to get their foot inside a villa, Collierville offers some of the best value for money real estate across all of the US. Collierville, TN has a wide range of housing options, including lovely single-family homes, spacious estate properties, emerging multi-family units, townhouses, historic downtown residences, and independent and assisted living facilities.
Collierville is a community that offers choices and affordability to people of all backgrounds. In the region, Collierville is recognized as the preferred location for those seeking reasonably priced properties that will appreciate in value and offer long-term stability. Renters in Collierville can find a range of high-value options, including traditional apartment complexes, duplexes, and condos. On average, a new two-bedroom, two-bathroom unit in Collierville can be rented for around $1300 per month.
In Collierville,TN you can find pretty much everything when it comes to housing. Maybe you’re thinking about your next senior moving to a retirement home? Find the local Schilling Gardens located in Collierville.
Collierville Quick Maps:
Here are some useful maps so you can build a better visualization of Collierville, TN:
- Town of Collierville Subdivision & Development Map
- Collierville Greenbelt Network
- Town of Collierville
Collierville, TN Education
One of the most important aspects when it comes to moving to Collierville or any other place is education. As a family looking to grow their children, or as an entrepreneur looking to succeed in your niche, having a strong foundation in education is the backbone of everything.
Better education means higher quality education which will in turn provide better goods and services to the community. It’s a win- win for everyone involved. With an award-winning school system located in a Town where over 53.6% of the residents have a bachelor’s degree or higher, Collierville is the intelligent choice for business relocation and expansion.
The Collierville School system is exceptional with 88% of its schools rated as “above average.” Collierville has a vast array of excellent schools, even when excluding the numerous schools in nearby Memphis. You’ll have numerous options to choose from, such as Tara Oaks Elementary with an 8/10 rating and Collierville High with a 9/10 rating. Rest assured that your child’s education will be in good hands in Collierville.
Best Neighborhoods in Collierville, TN
For those of you wondering which are the best neighborhoods in Collierville? Collierville offers a plethora of unique neighborhoods for those seeking to customize their community to their preferences:
- Almadale Farms
- Wellington Farms
- Bentwood Creek
- Estanaula Trail
If you prefer to reside near Memphis, Almadale Farms located in the northwestern corner may be suitable for you. Wellington Farms, Bentwood Creek, and Estanaula Trails are also excellent neighborhoods to consider. In addition, Collierville offers many other great neighborhoods to choose from.
Transportation In Collierville, TN
If commuting long distances to work, heading to traffic morning till night has been your theme with your previous town, say goodbye to all that when moving to Collierville. There is a way of transportation here for everything.
Rail,road, river and air transport are all made possible by Collierville. Collierville is located at the heart of everything you would want. Just a short drive from various important transportation hubs, including being only 20 minutes away from Memphis International Airport, a 30-minute drive to Downtown Memphis, and just 10 minutes away from the Norfolk Southern Intermodal rail yard, you can get anywhere and everywhere within minutes.
Collierville’s strategic location allows for efficient transportation and access to key markets across the United States. Overnight trucking access is available to 152 major markets, while two-day trucking service from Collierville can reach 45 states, making it an ideal location for businesses looking to streamline their supply chain operations.
Taxes in Collierville, TN
The State of Tennessee boasts one of the lowest tax burdens in the United States, with no personal or corporate income tax, according to the “Office of Revenue Analysis for the District of Columbia” (2013). This has contributed to the state’s low cost business environment, which has spurred economic development activity unmatched by other states. For companies looking to expand or relocate, Tennessee’s business-friendly climate allows them to retain a greater share of their profits.
|Real Property Tax
|40% of Assessed Value
|Personal Property Tax
|30% of Assessed Value
|Town of Collierville Tax Rate
|$1.78 per $100 of Assessed Value
- No Tax on Finished Goods Inventory
Corporate Income Tax
- Effective State Corporate Income Tax: None
- State Excise Tax: 6.5% on Net Income from Business Conducted in TN
Personal Income Tax
- Effective State Personal Income Tax: None
- Interest and Dividends Income: 6%
Sales and Use Taxes
- TOTAL: 9.75%
- State – 7%
- Local Option – 2.75%
- Schools: 0.50% (Collierville)
Conclusion: Moving To Collierville
In conclusion, Collierville, Tennessee offers a welcoming and affluent community with top-ranked schools, diverse housing options, and a low cost of living. With a highly educated population and a business-friendly environment, the town is an ideal location for businesses and families looking for a quality lifestyle.
Additionally, its strategic location, with easy access to major transportation hubs, offers businesses excellent connectivity to national and international markets. Overall, Collierville offers a high quality of life and opportunities for growth and success. For any moving inquiries, please contact our business Titan Elite Moving, and our team of professionals will be happy to assist you with all your moving needs.