Georgetown, TX

Living costs in Georgetown land close to the national average, with a Cost Index of 110 (where 100 = the US baseline). Housing is the largest variable: the median home value here is $398,600, and typical monthly rents run around $1,582. Groceries and utilities are slightly below what you would find in most US cities.

Start with housing. Typical monthly rent is $1,582, while local median household income is $91,857. That implies a rent-burden proxy of about 21% before utilities and other costs. For a specific job offer, filing status, or take-home pay scenario, use salary.city.

Texas is one of the few states with no state income tax, which can save residents thousands of dollars per year. The effective property tax rate is 1.6%. On a home worth $398,600, that translates to roughly $6,378 per year in property taxes. Sales tax (state + local) averages around 8.19% on everyday purchases.

The typical monthly rent in Georgetown is around $1,582. That's about 17% higher than the $1,348 national median. For comparison, the median home value here is $398,600, so buyers should also factor in mortgage payments, property taxes, and insurance.

The median home in Georgetown is valued at $398,600. With 20% down and a 6.5% mortgage rate, you'd be looking at roughly $2,016/month for principal and interest alone — before property taxes and insurance. About 69% of residents here own their homes.

Grocery prices in Georgetown are more affordable compared to the rest of the US (index: 94, where 100 is the national average). Utility bills (electricity, gas, water) are below average (index: 82). Both help keep your monthly expenses lower than in many parts of the country.

Georgetown is a smaller city with a population of about 78,803. The median age of residents is 44.3, skewing somewhat older — common in established suburban communities. The local poverty rate is 7.5%, well below the national average of 12.4%.