Collierville, Tennessee Income Statistics
Collierville Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
A
Collierville Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Collierville | Tennessee Avg | US Average |
|---|---|---|---|
| Median Household Income | $138,388 | $69,901 | $80,455 |
| Median Personal Income | $93,799 | $53,263 | $60,758 |
| Average Yearly Income Growth | 2.9% | 5.2% | 4.8% |
| Six-Figure Earners | 27.5% | 10.4% | 13.9% |
| $200k+ Households | 30.3% | 9.0% | 13.2% |
The median household income in Collierville is about 98% higher than in Tennessee. Income has been growing slower in Collierville (2.9%/yr) than in Tennessee (5.2%/yr).
About 28% of adults in Collierville earn six figures ($100,000 or more) a year, higher than the Tennessee average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Collierville, Tennessee grew by 31.5% from 2009 to 2024, reaching $138,388 in 2024. That's an average of about 2.9% per year.
Income Inequality and the Gender Pay Gap in Collierville
| Metric | Collierville | Tennessee Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.530 | 0.542 | 0.552 |
| Male Median Income | $117,265 | $61,993 | $69,667 |
| Female Median Income | $77,285 | $50,108 | $56,850 |
| Gender Pay Gap | 34.1% | 19.2% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Collierville, it is 0.530, lower than Tennessee's 0.542, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 52% more than women's income in Collierville, Tennessee. Over a 35-year career, a 52% wage gap accumulates to roughly $1,399,300 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Collierville, Tennessee has narrowed from about 43% to 34% in 2024. Over that period the gap was widest at 43% in 2012, and was narrowest at 30% in 2018. In dollar terms, the gap has widened by $2,265 since 2009.
Employment
| Metric | Collierville | Tennessee Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.0% | 4.6% | 5.2% |
| Working from Home | 21.3% | 12.9% | 15.0% |
| Commute time (minutes) | 23 | 22 | 22 |
Approximately 1,046 people are unemployed in Collierville, Tennessee.
The average commute time in Collierville is 23 minutes, longer than the 22 minutes in Tennessee.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Collierville, Tennessee has fallen from 5.9% to 4.0% in 2024. Over that period the rate peaked at 7.1% in 2013 and fell as low as 2.3% in 2019.
Collierville, TN Wealth Compared With Nearby Cities
How Collierville, TN compares with the 2 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Collierville, TN | 52,351 | $138,388 #2/3 | 2.9%/yr #3/3 | 4.0% #3/3 | 0.530 #3/3 |
| Germantown, TN | 42,327 | $141,738 | 4.5%/yr | 3.6% | 0.513 |
| Olive Branch, MS | 48,912 | $99,194 | 4.7%/yr | 2.7% | 0.514 |
Conclusion
Considering all these factors, Collierville, Tennessee has an overall wealth index grade of A, making it far better than Tennessee, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Collierville, Tennessee.
How Rich Is Collierville, Tennessee?
Collierville has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $138,388, about 98% higher than the Tennessee average of $69,901.
How fast is household income rising in Collierville, Tennessee?
Between 2009 and 2024, the median household income in Collierville, Tennessee rose 31%, from $105,261 to $138,388. Over the same years, income here lagged behind Tennessee as a whole: +31% against +63%.
What was the median household income in Collierville in 2023?
In 2023, the median household income in Collierville, Tennessee was $135,475, up 4% from $130,871 in 2022. The Tennessee median that year was $67,483.
What was the median household income in Collierville in 2020?
In 2020, the median household income in Collierville, Tennessee was $117,394. By 2024 it had risen 18% to $138,388.
Do many residents of Collierville, Tennessee earn over $100,000?
Yes. 28% of adults in Collierville, Tennessee earn $100,000 or more a year (about 1 in 4), against 10% (about 1 in 10) in Tennessee. 30% of households have a combined income of $200,000 or more, compared with 9% in Tennessee.
What is the Gini coefficient in Collierville, Tennessee?
The Gini coefficient in Collierville is 0.530. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Collierville, Tennessee?
Since 2009, the income gap between men and women in Collierville, Tennessee has narrowed from about 43% to 34% in 2024. Over that period the gap was widest at 43% in 2012, and was narrowest at 30% in 2018. In dollar terms, the gap has widened by $2,265 since 2009.
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