Shelby County · Tennessee · South · 41k residents
Germantown, TN: economy, jobs & business costs
The site-selection read on Germantown: labor costs, talent, corporate tax, energy, and business activity, with the Tennessee median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,424/wk. Tennessee's corporate income tax rate is 6.5%. Commercial electricity averages 12.1¢/kWh.
Compare Germantown side by side
Avg. weekly wage
$1,424/wk
Corporate income tax
6.5%
Bachelor's degree or higher
71.9%
Commercial electricity
12.1¢/kWh
Economic momentum
How fast Germantown's economy is moving, ranked against the US cities we track.
2/100
Cooling
Ranks Germantown's jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $470,800 |
| Price per sq. ft. | $190 |
| Property tax rate | 0.65% |
| 1-bedroom rent | $1,634/mo |
| 2-bedroom rent | $1,782/mo |
| State & local income tax | 0% |
| Sales tax | 9.55% |
| Corporate income tax | 6.5% |
| Avg. weekly wage | $1,424/wk |
| Bachelor's degree or higher | 71.9% |
| Commercial electricity | 12.1¢/kWh |
| Businesses per 1k residents | 24.8/1k |
| Wage: Software developer | $125,580 |
| Wage: Registered nurse | $81,500 |
| Wage: General manager | $102,510 |
| Wage: Customer service | $44,090 |
| Wage: Warehouse worker | $37,280 |
| Wage: Heavy truck driver | $63,070 |
| Wage: Electrician | $60,890 |
| Wage: Retail salesperson | $32,580 |
| Cost of living index | 106 |
| Groceries index | 96 |
| Utilities | $160/mo |
| Transit pass | $65/mo |
| Gas price | $2.95/gal |
| Healthcare index | 92 |
| Childcare (per child) | $900/mo |
| Median household income | $149,920 |
| Unemployment rate | 3.3% |
| Population | 41k |
| Crime index | 70/100 |
| School rating | 5.3/10 |
| Walkability | 30/100 |
| Disaster risk | 99/100 |
| Avg. commute | 26 min |
| Sunny days / year | 205 days |
| July high | 91°F |
| January low | 30°F |
| Annual snowfall | 3 in |
| Home price YoY | -1.2% |
| Home price MoM | -0.2% |
| Rent YoY | +0.9% |
| Rent MoM | +0.2% |
| Employment (jobs) YoY | -2.5% |
| Building permits YoY | — |
| Ocean coast | 329 mi |
| Big lake | 147 mi |
| Mountains | 179 mi |
| Major airport | 10 mi |
| Ski resort | 242 mi |
Popular comparisons
Nearby
- Collierville, TN · 52k
- Memphis, TN · 619k
- Bartlett, TN · 57k
- Arlington, TN · 15k
- Jackson, TN · 68k
Similar size
- La Vergne, TN · 40k
- Mount Juliet, TN · 42k
- Lebanon, TN · 45k
- Cookeville, TN · 36k
- Columbia, TN · 45k
Real listings in Germantown
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Germantown a good place to run a business?
- Tennessee's corporate income tax rate is 6.5%; average weekly wages in the surrounding labor market run $1,424/wk; commercial electricity averages 12.1¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Germantown, TN?
- Germantown indexes at 106 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,782/mo and a acs median home value of $470,800.
- How much does a house cost in Germantown?
- The acs median home value in Germantown is $470,800 (Census ACS estimate; individual listings vary).
- How much is rent in Germantown?
- A two-bedroom in Germantown rents for about $1,782/mo.