Germantown, TN is a great place to live. With an average two bedroom rent of $1490, it is more expensive than the US average of $1430. The cost of groceries is higher in Germantown than the national average with a Grocery Cost Index of 104 versus 100 in the US. However, there are many great things about living in Germantown. There are numerous local businesses such as Premier Imports Auto Sales and Jiffy Lube Express Oil Change for auto care needs. There are also several parks and recreational areas like Johnson Road Park and the Houston Levee Greenway Trail where you can get some fresh air and exercise. Local initiatives include Germantown's Christmas Tree Lighting Festival that brings together members of the community each December to celebrate the spirit of giving and community pride.
Germantown has an unemployment rate of 3.4%. The US average is 6.0%.
Germantown has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 39.5%, which is higher than the US average of 33.5%.
Tax Rates for Germantown
- The Sales Tax Rate for Germantown is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Germantown is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Germantown
- The average income of a Germantown resident is $52,763 a year. The US average is $28,555 a year.
- The Median household income of a Germantown resident is $132,949 a year. The US average is $69,021 a year.