Georgetown, KY Cost Of Living
Cost Of Living In Georgetown, KY Summary
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 Kentucky, 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 92, with 100 being the average.
The cost of living index in Georgetown is 0.9x lower than the national average.
Georgetown ranks as the #48 cheapest in Kentucky out of 85.
Georgetown ranks as the #1,974 cheapest out of 6,412 in the US.
The median home value in Georgetown is $186,300.
The median income in Georgetown is $66,942.
Table Of Contents
Georgetown's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Georgetown, KY?
According to the most recent data on the cost of living, Georgetown has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to Kentucky, Georgetown has a cost of living index that's 1.0x lower than Kentucky's index of 94.
The standard of living in Georgetown ranks as #48 most affordable out of the 85 places we measured in Kentucky. By definition, that implies Georgetown ranks as the #37 most expensive place in the Bluegrass State.
For more reading on life in Georgetown, check out:
- Living In Georgetown
- Georgetown Crime Report
- Search Homes For Sale In Georgetown, KY
In Kentucky
In America
Georgetown Cost Of Living Vs. Kentucky
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 104.
The Groceries index in Georgetown is 91.
The Health index in Georgetown is 82.
The Housing index in Georgetown is 81.
The Transportation index in Georgetown is 95.
The Utilities index in Georgetown is 103.
| Living Expense | Georgetown | Kentucky | National Average | |
|---|---|---|---|---|
| Overall | 92 | 94 | 100 | |
| Services | 104 | 105 | 100 | |
| Groceries | 91 | 97 | 100 | |
| Health | 82 | 79 | 100 | |
| Housing | 81 | 75 | 100 | |
| Transportation | 95 | 102 | 100 | |
| Utilities | 103 | 106 | 100 | |
Georgetown, KY Housing Cost Breakdown
Housing swings affordability the most between places in Kentucky, 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 $186,300.
The Median Rent in Georgetown is $998.
The Median Income in Georgetown is $66,942.
The Home Value To Income in Georgetown is 2.8x.
The Rent To Monthly Income in Georgetown is 0.18x.
| Statistic | Georgetown | Kentucky | United States |
|---|---|---|---|
| Median Home Value | $186,300 | $155,100 | $244,900 |
| Median Rent | $998 | $826 | $1,163 |
| Median Income | $66,942 | $55,454 | $69,021 |
| Home Value To Income | 2.8x | 2.8x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Georgetown, KY Costs By Category
Detailed Georgetown Services Costs Vs. Kentucky
| Item | Georgetown | Kentucky |
|---|---|---|
| Shampoo | $0.94 | $1.06 |
| Movie | $9.56 | $10.68 |
| Bowling | $15.2 | $14.67 |
| Haircut | $17.72 | $18.62 |
| Beauty Salon | $37.9 | $39.05 |
Detailed Georgetown Groceries Costs Vs. Kentucky
| Item | Georgetown | Kentucky |
|---|---|---|
| Ground Beef | $4.12 | $4.22 |
| Fried Chicken | $1.11 | $1.39 |
| Milk | $1.64 | $2.05 |
| Potatoes | $2.9 | $3.29 |
| Pizza | $10.33 | $10.62 |
| Beer | $9.29 | $9.38 |
| Toothpaste | $1.74 | $2.34 |
Detailed Georgetown Health Costs Vs. Kentucky
| Item | Georgetown | Kentucky |
|---|---|---|
| Optometrist | $74.07 | $108.57 |
| Doctor | $82.39 | $116.17 |
| Dentist | $76.8 | $99.13 |
Detailed Georgetown Transportation Costs Vs. Kentucky
| Item | Georgetown | Kentucky |
|---|---|---|
| Gasoline | $2.08 | $2.22 |
| Tire Balancing | $44.57 | $50.07 |
Detailed Georgetown Utilities Costs Vs. Kentucky
| Item | Georgetown | Kentucky |
|---|---|---|
| All Electricity | $157.57 | $167.67 |
| Phone | $206.48 | $175.64 |
Georgetown SnackAbility
/10
Cost Of Living In Cities Around Georgetown
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:
Jeffersonville, IN has a cost of living index of 92, 1.0x Georgetown.
New Albany, IN has a cost of living index of 91, 1.0x Georgetown.
Clarksville, IN has a cost of living index of 91, 1.0x Georgetown.
| City | Population | Cost Of Living | Vs. Georgetown |
|---|---|---|---|
| Jeffersonville, IN | 49,178 | 92 | 1.0x |
| New Albany, IN | 37,350 | 91 | 1.0x |
| Clarksville, IN | 22,169 | 91 | 1.0x |
| St. Matthews, KY | 17,588 | 100 | 1.1x |
| Shively, KY | 15,638 | 86 | 0.9x |
| Charlestown, IN | 7,859 | 89 | 1.0x |
| Louisville, MS | 6,108 | 80 | 0.9x |
