Cost of Living in Germantown, TN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
194.1
100 = national avg
+94.1 vs national average
Living Wage (1 Adult)
$85,422
per year
Living Wage (Family of 4)
$201,907
per year
Cost Index by Category
Housing208.5
Food160.7
Transportation221.3
Healthcare148.5
Utilities158.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,154
per month
2 Bedroom
$1,274
per month
The overall cost of living index in Germantown is 194.1, which is 94.1% above the national average. Housing costs are above the national average at an index of 208.5. A single adult needs to earn approximately $85,422 per year to cover basic expenses.