Cost of Living in Germantown, TN
Population 40,673 · Census ACS 2020–2024 5-year estimates
The median rent in Germantown, TN is $1,816/month, 53% higher than the Tennessee median and 29% higher than the U.S. median. The median home value is $470,800, 42% higher than the national median. Households earn a median of $149,920 a year, 115% higher than the state median.
Affordability
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Germantown vs. Tennessee vs. U.S.
| Germantown | Tennessee | U.S. | |
|---|---|---|---|
| Median rent | $1,816 | $1,189 | $1,413 |
| Median home value | $470,800 | $286,700 | $332,700 |
| Median household income | $149,920 | $69,595 | $80,734 |
| Homeownership rate | 86.7% | 66.9% | 65.2% |
| Bachelor's degree or higher | 71.9% | 31.1% | 35.7% |
| Poverty rate | 2.7% | 13.8% | 12.5% |
| Unemployment rate | 3.2% | 4.7% | 5.2% |
| Work from home | 20.8% | 12.9% | 15.1% |
| Median age | 44.3 | 38.9 | 38.9 |
FAQ
What is the average rent in Germantown, TN?
The median gross rent in Germantown, TN is $1,816 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Germantown, TN?
Using the common 30% rule, renting a median-priced home takes about $72,640 a year in gross income.
Is Germantown, TN expensive to live in?
Rent there is 29% higher than the U.S. median, and the median home costs about 3.1 times the median household income.
Other cities in Tennessee
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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