Germantown, TN Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2021-02-06
107
Germantown's Overall Cost Of Living
1.1x
Higher Than The National Average
99 out of 105
In Tennessee
3,873 out of 6,399
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 107 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 #3,874 most affordable out of the 6,522 places we measured in Tennessee. By definition, that implies Germantown ranks as the #2,532 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 107 89 100
Services 86 93 100
Groceries 89 95 100
Health 77 89 100
Housing 156 80 100
Transportation 87 88 100
Utilities 88 96 100
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.

$331,700
Median Home Value
$1,387
Median Rent
$118,163
Median Income
Statistic Germantown Tennessee United States
Median Home Value $331,700 $167,200 $217,500
Median Rent $1,387 $869 $1,062
Median Income $118,163 $53,320 $62,843
Home Value To Income 2.8x 3.1x 3.5x
Rent To Monthly Income 0.14x 0.2x 0.2x

Detailed Germantown Services Costs Vs. Tennessee

Item Germantown Tennessee
Shampoo $0.79 $1.01
Movie $12.17 $10.72
Bowling $17.5 $13.86

Detailed Germantown Groceries Costs Vs. Tennessee

Item Germantown Tennessee
Ground Beef $3.14 $3.9
Fried Chicken $0.83 $1.4
Milk $2.01 $1.96

Detailed Germantown Health Costs Vs. Tennessee

Item Germantown Tennessee
Haircut $14.5 $17.49
Beauty Salon $33.0 $38.17
Toothpaste $1.76 $2.32

Detailed Germantown Transportation Costs Vs. Tennessee

Item Germantown Tennessee
Potatoes $3.19 $3.18
Pizza $8.25 $10.39
Beer $8.84 $9.23
Optometrist $61.66 $106.34
Doctor $74.63 $115.25
Dentist $75.17 $98.38

Detailed Germantown Utilities Costs Vs. Tennessee

Item Germantown Tennessee
Gasoline $2.3 $2.59
Tire Balancing $42.16 $48.9
All Electricity $131.84 $167.6
Phone $182.13 $163.42

Germantown SnackAbility

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

Cost Of Living In Cities Around Germantown

City Population Cost Of Living Vs. Germantown
Memphis, TN 651,932 79 0.7x
Bartlett, TN 59,102 92 0.9x
Southaven, MS 54,152 85 0.8x
Collierville, TN 50,086 103 1.0x
Olive Branch, MS 37,461 90 0.8x
Horn Lake, MS 27,080 80 0.7x
Hernando, MS 15,942 89 0.8x
Lakeland, TN 12,606 100 0.9x
Arlington, TN 11,697 100 0.9x
Millington, TN 10,645 81 0.8x

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