There are 20 independent living communities serving Germantown, Tennessee. This includes 5 communities in Germantown and 15 nearby. The average daily cost of independent living in Tennessee is approximately $64, with costs ranging between $24 and $103 per day. On a per month basis, this equates to an average expenditure of $1,905, with costs ranging from around $715 to $3,080. The average annual cost is $22,869, which is below the US average of $23,100.
The cost of independent living in Germantown, TN ranges from $550 per month all the way up to $3,920 per month. The average cost is about $2,041 per month, or about $24,486 yearly.
Germantown is a small city in Shelby County, Tennessee. It is part of the Memphis metropolitan statistical area. While the city has 40,131 residents, the surrounding statistical area has a population of 817,709. The 55+ community currently comprises approximately 34% of the total population.
Germantown has an outstanding SeniorScore™ of 88. The average home price in the city is $304,500, which is higher than the Tennessee average of $163,500. Germantown also has a low unemployment rate of roughly 4.9%. The city's average household income is $110,000 ($54,000 per person), compared to the average of $39,000 for the state of Tennessee.
Germantown has ideal mean temperatures, with very mild winters and balmy summers. The city gets very high amounts of precipitation each year. Germantown has a very low crime rate and subpar air quality ratings in relation to other cities in the United States.