Housing costs in Germantown?
A typical home costs
$480,000, which is 42.0% more expensive than the national average of
$338,100 and 73.0% more expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Germantown costs
$1,490 per month, which is 4.2% more than the national average of
$1,430 and 28.2% more than the state average of
$1,070.
Can I afford Germantown?
To live comfortably in Germantown, Tennessee, a minimum annual income of
$91,800 for a family, and
$52,000 for a single person is recommended.
What does A.I. say about Germantown?
Germantown, TN is a relatively affordable place to live. According to the BestPlaces Cost of Living Index, the cost of living in Germantown is 7% lower than the Tennessee average and 10% lower than the national average. This makes it an attractive option for those looking for a relatively low-cost place to call home. Housing costs in Germantown are also particularly low, with an overall score that is 22% lower than the national average. Likewise, groceries and transportation costs are similarly low, making life in Germantown much more affordable than many other Tennessee cities.