Germantown has the 779th largest population in the United States. The population grew by 1.0% from 2010 to 2015, which was faster than the national average. Germantown is part of the Memphis metro area. Unemployment in the Memphis area is 4%, which is the same as the national average, and is getting better. Memphis has the 47th largest local economy in the US, and a high cost of living. The average pay for jobs in Germantown is below average at $41,880, and the median cost of a home in Germantown is $282,100, which is above the national average. 65% of workers in Germantown hold a bachelors degree or higher (above average), and 98% of workers have a high school degree (above average). Driving to work is especially common in Germantown. 82% of Germantown workers drive to work alone, 1% take public transit, 10% carpool, and 5% walk. People in Germantown spend an average of 20 minutes commuting to work, which is shorter than the national average of 26 minutes.