City of Germantown, TN Economic Development

901-751-7637
City hi-res seal.jpg

Description:

Germantown’s Economic Development department works to grow the local economy by creating an enabling environment, leveraging assets to attract investment, building value from within, repositioning the City within the regional economy, and measuring performance.

Located in southeast Shelby County, Germantown is convenient to Memphis International Airport and downtown Memphis. It is one of six suburban municipalities adjacent to Memphis. The distance from Germantown City Hall to downtown Memphis is approximately 17 miles.

Germantown is also part of the Memphis Metropolitan Statistical Area which contains more than one million people in five counties: Crittenden County, Arkansas; DeSoto County, Mississippi and Fayette, Shelby and Tipton Counties in Tennessee.

Demographics

Population: 40,123
Average household income: $154,163
Racial make-up: Caucasian 82%, Asian 6.7%, African-American 5%
Family households: 78.2%
Median home value: $296,300
Median age: 45.7 years
98% over age 25 have a high school diploma
66% have a bachelors degree or higher

The City of Germantown’s latest census recorded a city population of 40,123. The 2010 U.S. Census reports the largest percentage of people in Germantown is between the ages of 45 and 54. The second largest percentage of population is between the ages of 55 and 64. The median age is 45.7 years old.

There are 14,760 households in Germantown with an average size of 2.6 people. Family households make up 77.2% percent of the total households in Germantown. Germantown has 15,534 total housing units with a 94.4 percent occupancy rate. Of the 14,760 occupied housing units, 84.1% are owner-occupied and 15.9% are renter occupied. The average home value in Germantown is $296,300.

Germantown is one of only 58 cities in the nation that can take pride in its triple-A Bond rating from both Moody’s and Standard & Poor’s.

Germantown consistently has one of the lowest crime rates in the state and the third lowest crime rate of comparable cities in the country. Germantown police and fire departments have an average emergency response time of just under 4 and 5.4 minutes, respectively.

At $53,919, Germantown has the highest per capita income of all the municipalities in Shelby County. The median household income is $154,163.

Climate
Germantown has a temperate climate. Winters are brief and mild, with the coldest days during January and February.

Altitude
310 feet above sea level
Average rainfall
55.47 inches annually
Average snowfall
2.43 inches annually
Temperature (mean annual)
61.5 degrees F
Temperature (mean summer)
72.8 degrees F
Temperature (mean winter)
50.2 degrees F


Contact Name Marie Lisco, RLA, TCEcD
Title/Position Economic Development Manager
Address 1920 South Germantown Road
City Germantown
State/Province/Region TN
Postal/Zip Code 38138
Phone Number 901-751-7637
Email [email protected]
Website URL www.germantownedp.com
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