MyNeighborhood

Can you afford to live in Germantown?

Median household income, home values and rent in Germantown, TN — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in Germantown.

Median household income: $144,799 — +32.3% since 2015 (not adjusted for inflation)

Median gross rent: $1,760/mo — +30.9% since 2015

Median home value, 2015 to 2023

  • 2015: 288500
  • 2023: 441200

Median household income

  • Germantown: 144799
  • Shelby County: 62337
  • TN: 67097
  • U.S.: 78538

Median gross rent

  • Germantown: 1760
  • Shelby County: 1170
  • TN: 1122
  • U.S.: 1348

Share of income a typical renter spends on rent: 27.8% — U.S.: 30.2%

What it means

The typical household here earns $144,799 — far higher than the national figure of $78,538.

The typical renter here spends 27.8% of household income on rent, below the 30% cost-burden line.

Since 2015, income has kept pace with rent here (+32.3% versus +30.9%), before adjusting for inflation.

Sources

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