Cost of living in Georgetown research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Georgetown is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Georgia, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Georgetown is 96, with 100 being the average.
The cost of living index in Georgetown is 1.0x lower than the national average.
Georgetown ranks as the #99 cheapest in Georgia out of 154.
Georgetown ranks as the #2,601 cheapest out of 6,412 in the US.
The median home value in Georgetown is $185,400.
The median income in Georgetown is $64,347.
According to the most recent data on the cost of living, Georgetown has an overall cost of living index of 96, which is 1.0x lower than the national index of 100.
Compared to Georgia, Georgetown has a cost of living index that's 1.1x higher than Georgia's index of 89.
The standard of living in Georgetown ranks as #99 most affordable out of the 154 places we measured in Georgia. By definition, that implies Georgetown ranks as the #55 most expensive place in the Peach State.
For more reading on life in Georgetown, check out:
Six factors go into calculating the cost of living index in Georgetown. Here is how it fairs on each of the criteria:
The Services index in Georgetown is 98.
The Groceries index in Georgetown is 95.
The Health index in Georgetown is 108.
The Housing index in Georgetown is 96.
The Transportation index in Georgetown is 101.
The Utilities index in Georgetown is 97.
Living Expense | Georgetown | Georgia | National Average | |
---|---|---|---|---|
Overall | 96 | 89 | 100 | |
Services | 98 | 95 | 100 | |
Groceries | 95 | 96 | 100 | |
Health | 108 | 98 | 100 | |
Housing | 96 | 76 | 100 | |
Transportation | 101 | 90 | 100 | |
Utilities | 97 | 86 | 100 |
Housing swings affordability the most between places in Georgia, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Georgetown is $185,400.
The Median Rent in Georgetown is $1,182.
The Median Income in Georgetown is $64,347.
The Home Value To Income in Georgetown is 2.9x.
The Rent To Monthly Income in Georgetown is 0.22x.
Statistic | Georgetown | Georgia | United States |
---|---|---|---|
Median Home Value | $185,400 | $206,700 | $244,900 |
Median Rent | $1,182 | $1,110 | $1,163 |
Median Income | $64,347 | $65,030 | $69,021 |
Home Value To Income | 2.9x | 3.2x | 3.5x |
Rent To Monthly Income | 0.22x | 0.2x | 0.2x |
Item | Georgetown | Georgia |
---|---|---|
Shampoo | $0.96 | $1.06 |
Movie | $10.88 | $10.68 |
Bowling | $20.06 | $14.67 |
Haircut | $18.04 | $18.62 |
Beauty Salon | $35.8 | $39.05 |
Item | Georgetown | Georgia |
---|---|---|
Ground Beef | $4.48 | $4.22 |
Fried Chicken | $1.51 | $1.39 |
Milk | $1.76 | $2.05 |
Potatoes | $3.54 | $3.29 |
Pizza | $11.51 | $10.62 |
Beer | $10.08 | $9.38 |
Toothpaste | $1.95 | $2.34 |
Item | Georgetown | Georgia |
---|---|---|
Optometrist | $93.79 | $108.57 |
Doctor | $109.21 | $116.17 |
Dentist | $127.37 | $99.13 |
Item | Georgetown | Georgia |
---|---|---|
Gasoline | $2.1 | $2.22 |
Tire Balancing | $54.96 | $50.07 |
Item | Georgetown | Georgia |
---|---|---|
All Electricity | $155.12 | $167.67 |
Phone | $182.23 | $175.64 |
The cost of living varies in the cities and towns around Georgetown. Here's a quick look at the cost of living in the most populous nearby places:
Seaford, DE has a cost of living index of 101, 1.1x Georgetown.
City | Population | Cost Of Living | Vs. Georgetown |
---|---|---|---|
Seaford, DE | 7,852 | 101 | 1.1x |