salaryRent here is among the highest 10% in the country. Household incomes are higher than in 92% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (86.7%) are owned, so rentals can be hard to find. It is a highly educated city: 71.9% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $112,800 a year. That is $54 an hour at a full-time job.
Is rent cheaper than other Tennessee cities?
No. Rent here is more expensive than in most of Tennessee. It is number 113 of 114 cities from cheapest to most expensive.
How much do households earn in Germantown?
Share of households by yearly income. 60.7% of households earn $100,000 or more.
Rent by apartment size in Germantown
| Size | Germantown | U.S. average |
|---|---|---|
| 1 bedroom | $1,719 | $1,324 |
| 2 bedrooms | $1,875 | $1,509 |
| 3 bedrooms | $1,902 | $1,698 |
| 4 bedrooms | $2,799 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Germantown overall?
Everyday prices in Tennessee overall are 8% below the U.S. average (index 91.9, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Germantown, so the Tennessee figure is shown.
Taxes and bills in Germantown
Life in Germantown
Is it cheaper to rent or buy in Germantown?
Renting is cheaper right now: about $447 a month less.
Owning assumes a typical $470,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $47,080 for the down payment.
Frequently asked questions
What is the average rent in Germantown, TN?
Renting in Germantown costs a median of about $2,820 a month in 2026, including utilities. The Tennessee median is $1,279.
How much do I need to make to live in Germantown?
To keep rent under 30% of income, you need about $112,800 a year, or $54 an hour at a full-time job.
Is Germantown cheap or expensive?
Germantown is rated OK: rent takes 20.9% of the typical household income of $161,689. It ranks 113th cheapest of 114 Tennessee cities we track.
How much are property taxes in Germantown?
The median homeowner in Germantown pays $4,786 a year in property taxes, about 1.02% of the median home value.
Is Germantown more expensive than the national average?
Overall prices in Tennessee are 8% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Germantown?
The median home value in Germantown is $470,800, about 2.9 times the typical yearly household income.
40,673 people live in Germantown. Numbers are typical (middle) values.