Germantown, TN Profile: Facts & Data

The City of Germantown had a population of 40,618 as of July 1, 2024. Germantown ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Tennessee. See peer rankings below.

The primary coordinate point for Germantown is located at latitude 35.0868 and longitude -89.8101 in Shelby County. The formal boundaries for the City of Germantown encompass a land area of 19.98 sq. miles and a water area of 0.03 sq. miles. Shelby County is in the Central time zone (GMT -6).

The City of Germantown has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Germantown, TN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	40,618 (100%)
Population in Households	40,422 (99.5%)
Population in Families	36,046 (88.7%)
Population in Group Quarters¹	196 ( 0.5%)
Population Density	2,032
Diversity Index²	39


INCOME
Median Household Income	$145,230
Average Household Income	$193,386
% of Income for Mortgage⁴	19%
Per Capita Income	$74,628
Wealth Index⁵	211
Socioeconomic Status Index⁶	High (72.5)

HOUSING
Total HU (Housing Units)	16,353 (100%)
Owner Occupied HU	13,240 (81.0%)
Renter Occupied HU	2,433 (14.9%)
Vacant Housing Units	680 ( 4.2%)
Median Home Value	$435,394
Average Home Value	$483,316
Housing Affordability Index³	127

HOUSEHOLDS
Total Households	15,673
Average Household Size	2.58
Family Households	11,890
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Germantown, TN - Peer Comparisons by Rank and Percentile

The table below compares Germantown to the other 504 incorporated cities, towns and CDPs in Tennessee by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.41%	-0.38%
Households	0.16%	0.09%
Families		-0.02%
Median Household Income		2.07%
Per Capita Income		3.00%
Owner Occupied HU		0.25%

Variable Description	Rank	Percentile
Total Population	# 23	96th
Population Density	# 9	98th
Median Household Income	# 8	99th
Housing Affordability Index	# 375	74th
Per Capita Income	# 8	99th
Diversity Index	# 125	75th

Germantown, TN Profile: Facts & Data

Germantown, Tennessee - Basic Facts

Germantown, TN Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Germantown, TN - Peer Comparisons by Rank and Percentile

Germantown, TN - Most Popular Things to Do

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