Germantown, TN Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-08
108
Germantown's Overall Cost Of Living
1.1x
Higher Than The National Average
98 out of 105
In Tennessee
3,954 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Germantown is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Germantown, TN?

According to the most recent data on the cost of living, Germantown has an overall cost of living index of 108 which is 1.1x higher than the national index of 100.

Compared to only Tennessee, Germantown has a cost of living index that's 1.2x higher than Tennessee's index of 89.

The standard of living in Germantown ranks as #3,955 most affordable out of the 6,418 places we measured in Tennessee. By definition, that implies Germantown ranks as the #2,464 most expensive place in the Volunteer State.

For more reading on life in Germantown, check out:

Germantown Cost Of Living Vs. Tennessee

Living Expense Germantown Tennessee National Average
Overall 108 89 100
Services 91 94 100
Groceries 91 91 100
Health 83 91 100
Housing 156 81 100
Transportation 84 86 100
Utilities 90 92 100
For more reading on cost of living around Tennessee, check out:
Germantown Cost of Living Vs. TN

Germantown, TN Housing Cost Breakdown

Housing swings affordability the most between places in Tennessee, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$337,600
Median Home Value
$1,358
Median Rent
$123,387
Median Income
Statistic Germantown Tennessee United States
Median Home Value $337,600 $177,600 $229,800
Median Rent $1,358 $897 $1,096
Median Income $123,387 $54,833 $64,994
Home Value To Income 2.7x 3.2x 3.5x
Rent To Monthly Income 0.13x 0.2x 0.2x

Detailed Germantown Services Costs Vs. Tennessee

Item Germantown Tennessee
Shampoo $0.91 $1.06
Movie $11.5 $10.68
Bowling $16.47 $14.67

Detailed Germantown Groceries Costs Vs. Tennessee

Item Germantown Tennessee
Ground Beef $3.42 $4.22
Fried Chicken $0.98 $1.39
Milk $1.79 $2.05

Detailed Germantown Health Costs Vs. Tennessee

Item Germantown Tennessee
Haircut $15.07 $18.62
Beauty Salon $36.63 $39.05
Toothpaste $1.65 $2.34

Detailed Germantown Transportation Costs Vs. Tennessee

Item Germantown Tennessee
Potatoes $3.62 $3.29
Pizza $10.37 $10.62
Beer $9.22 $9.38
Optometrist $74.47 $108.57
Doctor $84.25 $116.17
Dentist $77.68 $99.13

Detailed Germantown Utilities Costs Vs. Tennessee

Item Germantown Tennessee
Gasoline $1.94 $2.22
Tire Balancing $40.73 $50.07
All Electricity $133.97 $167.67
Phone $184.96 $175.64

Germantown SnackAbility

7.5
/10
Overall SnackAbility
Jobs
9/10
Housing
9
Affordability
8.5
Diversity
6
Safety
8
Amenities
9
Education
9.5
Commute
8.5

Cost Of Living In Cities Around Germantown

City Population Cost Of Living Vs. Germantown
Memphis, TN 650,910 79 0.7x
Bartlett, TN 59,252 93 0.9x
Southaven, MS 55,026 88 0.8x
Collierville, TN 50,596 107 1.0x
Olive Branch, MS 38,270 94 0.9x
Horn Lake, MS 27,234 83 0.8x
Hernando, MS 16,206 90 0.8x
Lakeland, TN 12,644 103 1.0x
Arlington, TN 11,715 103 1.0x
Millington, TN 10,650 83 0.8x

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