Germantown is a medium-sized city located in the state of Tennessee. With a population of 39,225 people and eight constituent neighborhoods, Germantown is the 16th largest community in Tennessee.
Germantown home prices are not only among the most expensive in Tennessee, but Germantown real estate also consistently ranks among the most expensive in America.
Germantown is a decidedly white-collar city, with fully 91.34% of the workforce employed in white-collar jobs, well above the national average. Overall, Germantown is a city of professionals, managers, and sales and office workers. There are especially a lot of people living in Germantown who work in management occupations (17.67%), sales jobs (12.67%), and healthcare (12.44%).
Also of interest is that Germantown has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 7.54% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In addition, Germantown is home to many people who could be described as "urban sophisticates". Urban sophisticates are educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.
Because of many things, Germantown is a great place for families with children to consider. First of all, many other families with children live here, making Germantown a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Germantown has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Germantown’s overall crime rate is lower than average for the country.
If knowledge is power, Germantown is a pretty powerful place. 65.86% of the adults in Germantown have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Germantown in 2018 was $60,956, which is wealthy relative to Tennessee and the nation. This equates to an annual income of $243,824 for a family of four.
The people who call Germantown home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Germantown residents report their race to be White, followed by Asian. Important ancestries of people in Germantown include English, German, Irish, Italian, and European.
The most common language spoken in Germantown is English. Other important languages spoken here include Spanish and Chinese.