Economy in Collierville
Detailed economy data — sourced from authoritative datasets and normalized for direct comparison.
Economy in Collierville, Tennessee
Collierville's economy is robust, supported by a highly educated workforce. [cite: 34 in previous search] The average salary in Collierville was reported as $64,376 in June 2026. Key industries driving the local economy in 2024 include Manufacturing, Healthcare & Social Assistance, Transportation & Warehousing, Retail, and Professional, Scientific, and Technical Services. While the town boasts a low unemployment rate of 2.6% as of March 2026, employment saw a slight decline of 0.333% from 2023 to 2024. Major employers like FedEx World Tech Center, Helena Chemical, and Carrier Corporation contribute to the job market. [cite: 33 in previous search]
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About Collierville, Tennessee
Collierville, Tennessee, is an affluent suburb of Memphis known for its blend of historic charm and modern amenities. With a projected population of 52,126 in 2026, the town offers a peaceful and welcoming community environment, attracting families and professionals alike. Its meticulously maintained homes, tree-lined streets, and strong sense of community contribute to a high quality of life. Collierville is particularly recognized for its award-winning historic Town Square, top-tier schools, and safe neighborhoods, making it a desirable place to live in the Mid-South.
About Tennessee
Tennessee, known as the "Volunteer State," offers a diverse landscape ranging from the Appalachian Mountains in the east to the Mississippi River in the west, fostering a rich cultural heritage, particularly in music. The state's economy is robust and diversified, with major industries including manufacturing (automotive, chemicals, advanced manufacturing), healthcare, agriculture (soybeans, tobacco, cotton, beef cattle), and tourism. Living in Tennessee is generally considered affordable, with a cost of living approximately 10-15% lower than the national average, and it boasts no state income tax. The climate is predominantly humid subtropical, characterized by warm, humid summers and mild winters, though temperatures vary with elevation. Residents enjoy a lifestyle that blends natural beauty and outdoor recreation with vibrant cultural scenes in its major cities, alongside a strong sense of community.