Collegedale, TN

Average · 100

Tennessee · Population 11,185 · Updated March 2026

$1,435
Median Rent / Month
$64,905
Median Income
$332,700
Median Home Value
$1,283
Owner Costs / Month

Affordability

How far your income goes in Collegedale

26.5%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Tennessee

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
7.0%
Sales Tax
0.64%
Property Tax Rate

Estimated Annual Costs

$17,220
Annual Rent
$0
State Income Tax
$2,129
Property Tax (est.)

Cost of Living Overview

Collegedale has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 100 (where 100 equals the national median), Collegedale residents can expect to pay median rent of $1,435/month while earning a median household income of $64,905/year.

The median home value in Collegedale, TN is $332,700, with typical monthly owner costs around $1,283 including mortgage, insurance, and taxes. With a rent-to-income ratio of 26.5%, Collegedale falls within the generally affordable range, though it's approaching the 30% burden threshold.

Tennessee has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 7.0% sales tax rate and 0.64% effective property tax rate, the overall tax environment helps keep costs manageable in Collegedale.

Frequently Asked Questions

Common questions about living costs in Collegedale

What is the cost of living in Collegedale, TN?
The cost of living index in Collegedale, TN is 100 (US average = 100). Median monthly rent is $1,435, median household income is $64,905/year, and the median home value is $332,700.
Is Collegedale, TN affordable?
No, Collegedale is more expensive than the national average with a cost index of 100. The rent-to-income ratio is 26.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Collegedale, TN?
The median gross rent in Collegedale, TN is $1,435 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,220.
What is the median household income in Collegedale?
The median household income in Collegedale, TN is $64,905 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Tennessee?
Tennessee has a top income tax rate of 0%, a sales tax of 7.0%, and an effective property tax rate of 0.64%. Notably, there is no state income tax.