Housing costs in Germantown?
A typical home costs
$407,100, which is 20.4% more expensive than the national average of
$338,100 and 46.8% more expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Germantown costs
$1,410 per month, which is 31.8% more than the national average of
$1,070 and 27.7% more than the state average of
$1,020.
Can I afford Germantown?
To live comfortably in Germantown (zip 38138), Tennessee, a minimum annual income of
$78,120 for a family, and
$49,600 for a single person is recommended.
What does A.I. say about Germantown?
The cost of living in 38138 Germantown, TN is generally considered to be on the high side. The median home value in this area is around $405,000, and the median household income is around $90,000. Property taxes are quite high as well, with an average rate of 1.58%. Groceries, healthcare costs, and transportation are all higher than the national averages as well. Despite the higher costs of living here, it’s still possible to find good deals if you look hard enough. There are a variety of restaurants and stores offering discounts or free items for residents, and some businesses offer special prices for customers who live in the Germantown area.