Germantown, Tennessee Income Statistics
Germantown Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
A
Germantown Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Germantown | Tennessee Avg | US Average |
|---|---|---|---|
| Median Household Income | $141,738 | $69,901 | $80,455 |
| Median Personal Income | $99,825 | $53,263 | $60,758 |
| Average Yearly Income Growth | 4.5% | 5.2% | 4.8% |
| Six-Figure Earners | 32.0% | 10.4% | 13.9% |
| $200k+ Households | 32.0% | 9.0% | 13.2% |
The median household income in Germantown is about 103% higher than in Tennessee. Income has been growing slower in Germantown (4.5%/yr) than in Tennessee (5.2%/yr).
About 32% of adults in Germantown earn six figures ($100,000 or more) a year, higher than the Tennessee average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Germantown, Tennessee grew by 33.4% from 2009 to 2024, reaching $141,738 in 2024. That's an average of about 4.5% per year.
Income Inequality and the Gender Pay Gap in Germantown
| Metric | Germantown | Tennessee Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.513 | 0.542 | 0.552 |
| Male Median Income | $122,140 | $61,993 | $69,667 |
| Female Median Income | $81,265 | $50,108 | $56,850 |
| Gender Pay Gap | 33.5% | 19.2% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Germantown, it is 0.513, lower than Tennessee's 0.542, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 50% more than women's income in Germantown, Tennessee. Over a 35-year career, a 50% wage gap accumulates to roughly $1,430,625 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Germantown, Tennessee has narrowed from about 43% to 33% in 2024. Over that period the gap was narrowest at 32% in 2017. In dollar terms, the gap has narrowed by $95 since 2009.
Employment
| Metric | Germantown | Tennessee Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.6% | 4.6% | 5.2% |
| Working from Home | 20.5% | 12.9% | 15.0% |
| Commute time (minutes) | 21 | 22 | 22 |
Approximately 737 people are unemployed in Germantown, Tennessee.
The average commute time in Germantown is 21 minutes, shorter than the 22 minutes in Tennessee.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Germantown, Tennessee has fallen from 5.1% to 3.6% in 2024. Over that period the rate peaked at 5.3% in 2012 and fell as low as 2.2% in 2020.
Germantown, TN Wealth Compared With Nearby Cities
Germantown, TN is the smallest of the 4 cities compared here, 42,327 residents against a local median of 52,351. Germantown, TN's income growth, at 4.5%/yr, runs 52% above the 3.0%/yr typical of the cities around it. That is the better end of the local range on this measure.
Median household income tells the same story from another angle: $141,738 against a local median of $99,194, 43% above it. Every measure here with a clear better direction points the same way, so Germantown, TN is not trading one advantage for another, it reads stronger than its neighbours across the board. The cities themselves spread 1.7%/yr on income growth, so Germantown, TN sits at one end of an already wide local range rather than apart from it. Germantown, TN has the 2nd highest income growth of the 4 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Germantown, TN | 42,327 | $141,738 #1/4 | 4.5%/yr #2/4 | 3.6% #2/4 | 0.513 #1/4 |
| Collierville, TN | 52,351 | $138,388 | 2.9%/yr | 4.0% | 0.530 |
| Olive Branch, MS | 48,912 | $99,194 | 4.7%/yr | 2.7% | 0.514 |
| Bartlett, TN | 58,448 | $94,703 | 3.0%/yr | 3.8% | 0.522 |
Conclusion
Considering all these factors, Germantown, Tennessee has an overall wealth index grade of A, making it far better than Tennessee, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Germantown, Tennessee.
How Rich Is Germantown, Tennessee?
Germantown has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $141,738, about 103% higher than the Tennessee average of $69,901.
How fast is household income rising in Germantown, Tennessee?
Between 2009 and 2024, the median household income in Germantown, Tennessee rose 33%, from $106,229 to $141,738. Over the same years, income here lagged behind Tennessee as a whole: +33% against +63%.
What was the median household income in Germantown in 2023?
In 2023, the median household income in Germantown, Tennessee was $137,434, up 4% from $132,782 in 2022. The Tennessee median that year was $67,483.
What was the median household income in Germantown in 2020?
In 2020, the median household income in Germantown, Tennessee was $115,493. By 2024 it had risen 23% to $141,738.
Do many residents of Germantown, Tennessee earn over $100,000?
Yes. 32% of adults in Germantown, Tennessee earn $100,000 or more a year (about 1 in 3), against 10% (about 1 in 10) in Tennessee. 32% of households have a combined income of $200,000 or more, compared with 9% in Tennessee.
Is it hard to find a job in Germantown, Tennessee?
Unemployment in Germantown, Tennessee is only 3.6%, well below the Tennessee rate of 4.6%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Germantown, Tennessee?
The Gini coefficient in Germantown is 0.513. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Germantown, Tennessee?
Since 2009, the income gap between men and women in Germantown, Tennessee has narrowed from about 43% to 33% in 2024. Over that period the gap was narrowest at 32% in 2017. In dollar terms, the gap has narrowed by $95 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →