Germantown, TN, with a population of 38,138, is located in the state of Tennessee. It is a vibrant city with plenty to offer. For those looking for a home in Germantown, the 2 bedroom rent averages around $1,410 per month, slightly lower than the US average of $1,430. The cost of groceries also remains relatively low compared to the US average at a Grocery Cost Index of 102 versus 100 nationally.
Germantown is home to many businesses such as FedEx and International Paper which bring in major employment opportunities for residents. Additionally it has its own public library and numerous parks for entertainment and green spaces. The cultural offerings are also plentiful with restaurants like Jazzy's Soul Food and Grill offering traditional Southern fare and places like Germanfest celebrating regional cultural heritage. All these features make Germantown an attractive place to live or visit.
Germantown (zip 38138) has an unemployment rate of 3.4%. The US average is 6.0%.
Germantown (zip 38138) 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 (zip 38138)
- The Sales Tax Rate for Germantown (zip 38138) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Germantown (zip 38138) 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 (zip 38138)
- The average income of a Germantown (zip 38138) resident is $62,835 a year. The US average is $37,638 a year.
- The Median household income of a Germantown (zip 38138) resident is $115,400 a year. The US average is $69,021 a year.