Cost of Living in Germantown, TN
Population 40,812 · Tennessee · Data vintage 2023
(100 = US avg)
Most of Germantown's cost indicators track within a reasonable band of national figures, with median household incomes near $144,799 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail.
Germantown sits roughly 11 miles east of Memphis — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 181% higher than Memphis' $157,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Germantown
The median home value in Germantown is $441,200 — 45% above the national median of $305,000. Median rent runs $1,760/month, 34% higher than the national median of $1,314/month. The median household income of $144,799/year is 94% higher than the US median of $74,580. The local unemployment rate is 3.1%, below the national average of 4.8%. Tennessee charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 73.0°F and lows of 53.8°F, with about 2.7" of annual snowfall. Overall, Germantown has a cost of living index of 140 versus the US average of 100, meaning it is 40% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 51 | 56 | 64 | 73 | 82 | 89 | 92 | 92 | 86 | 75 | 63 | 53 |
| Low °F | 33 | 37 | 44 | 53 | 62 | 70 | 74 | 73 | 66 | 54 | 43 | 36 |
| Precip" | 4.14 | 4.55 | 5.74 | 5.87 | 5.27 | 3.99 | 4.82 | 3.37 | 3.03 | 3.98 | 4.69 | 5.49 |
| Snow" | 0.9 | 1.0 | 0.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.2 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Germantown, TN?
Germantown has a cost index of 140 (100 = national average). It is 40% above the national average.
What is average rent in Germantown, TN?
The median gross rent in Germantown is $1,760 per month based on 2023 Census data.
What is the average home price in Germantown?
The median home value in Germantown is $441,200 according to Zillow and Census data.
What is the median income in Germantown?
The median household income in Germantown is $144,799 per year (2023 ACS 5-year estimates).
What is the sales tax in Germantown, TN?
The combined state and local sales tax rate in Germantown is 9.6%. Tennessee has no state income tax.
Is Germantown, TN affordable?
Germantown is above average in cost of living, with an index of 140 — about 40% higher than the national average.
What is the weather like in Germantown?
Germantown has average high temperatures of 73.0°F and average lows of 53.8°F. Annual precipitation is 54.9". Average annual snowfall is 2.7". Data from NOAA 1991–2020 Climate Normals.
Germantown at a Glance
- Population
- 40,812
- Median Income
- $144,799
- Home Value
- $441,200
- Median Rent
- $1,760/mo
- Unemployment
- 3.1%
- Avg High Temp
- 73.0°F
- Sales Tax
- 9.6%
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Explore county-level cost of living data
Tennessee Rankings
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