Collegedale is a somewhat small city located in the state of Tennessee. With a population of 11,255 people and three associated neighborhoods, Collegedale is the 58th largest community in Tennessee. There's nothing like the smell of a brand new house, and in Collegedale, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Collegedale, and putting down their money on brand new construction. Collegedale’s real estate is, on average, some of the newest in the nation. Collegedale does seem to be experiencing an influx of affluent people, because the median household income is $69,942.00. Collegedale real estate is some of the most expensive in Tennessee, although Collegedale house values don't compare to the most expensive real estate in the U.S.Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Collegedale is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Collegedale is a city of professionals, sales and office workers, and managers. There are especially a lot of people living in Collegedale who work in office and administrative support (14.18%), management occupations (11.67%), and healthcare (10.27%). Also of interest is that Collegedale has more people living here who work in computers and math than 95% of the places in the US. One interesting thing about the economy is that relatively large numbers of people worked from their home: 14.68% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes. Collegedale is a place where college students are a big part of the character and culture of the town. Small towns have often struggled with declining populations over the past few decades, but the presence of such a large college student population has helped Collegedale to fight this trend. Not only does the college population add spending and jobs to local economy, but it also contributes a very tangible, youthful energy to the town. Collegedale is one of the most well-educated cities in the nation. 46.05% of adults in Collegedale have at least a bachelor's degree. Compare that to the average community in America, which has just 21.84% with a bachelor's degree or higher. The per capita income in Collegedale in 2022 was $35,881, which is wealthy relative to Tennessee, and upper middle income relative to the rest of the US. This equates to an annual income of $143,524 for a family of four. However, Collegedale contains both very wealthy and poor people as well. Collegedale is an extremely ethnically-diverse city. The people who call Collegedale home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Collegedale residents report their race to be White, followed by Black or African-American. Collegedale also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 11.36% of the city’s residents. Important ancestries of people in Collegedale include English, Irish, German, Italian, and Scottish. The most common language spoken in Collegedale is English. Other important languages spoken here include Spanish and French Creole.
