How much rent can you afford in Collierville, TN?
Run your salary against Collierville's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Collierville
At a median rent of $1,891/mo, Collierville is very affordable when measured against Collierville median household income of $138,598/yr. Rent would consume roughly 16% of pre-tax income, and a salary of about $75,640 keeps rent at the recommended 30% threshold.
How Collierville compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Collierville?
On a $138,598 salary (the Collierville median household income), the recommended ceiling is 30% of pre-tax income, or about $3,465/mo. Collierville's median rent is $1,891/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Collierville?
To keep Collierville's $1,891/mo median rent under 30% of income, you'd need about $75,640/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Collierville affordable on the median Tennessee income?
Collierville is very affordable on a $138,598 income. Rent would take 16% of pre-tax pay, inside the recommended 30% threshold.
What's the 30% rent rule?
The 30% rule is a long-standing budgeting guideline that keeps rent at or below 30% of gross (pre-tax) income. It leaves enough room for utilities, transit, savings, and debt service. In high-cost markets, many renters exceed 30%, and the Census Bureau classifies households paying more than 30% of income on rent as "cost-burdened".