Georgetown, SC Cost Of Living
Cost Of Living In Georgetown, SC 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 South Carolina, 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 94, with 100 being the average.
The cost of living index in Georgetown is 0.9x lower than the national average.
Georgetown ranks as the #40 cheapest in South Carolina out of 99.
Georgetown ranks as the #1,806 cheapest out of 6,489 in the US.
The median home value in Georgetown is $242,901.
The median income in Georgetown is $57,704.
Table Of Contents
Georgetown's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Georgetown, SC?
According to the most recent data on the cost of living, Georgetown has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to South Carolina, Georgetown has a cost of living index that's 1.0x higher than South Carolina's index of 93.
The standard of living in Georgetown ranks as #40 most affordable out of the 99 places we measured in South Carolina. By definition, that implies Georgetown ranks as the #59 most expensive place in the Palmetto State.
For more reading on life in Georgetown, check out:
In South Carolina
In America
Georgetown Cost Of Living Vs. South Carolina
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 97.
The Groceries index in Georgetown is 103.
The Health index in Georgetown is 91.
The Housing index in Georgetown is 86.
The Transportation index in Georgetown is 90.
The Utilities index in Georgetown is 119.
| Living Expense | Georgetown | South Carolina | National Average | |
|---|---|---|---|---|
| Overall | 94 | 93 | 100 | |
| Services | 97 | 102 | 100 | |
| Groceries | 103 | 97 | 100 | |
| Health | 91 | 92 | 100 | |
| Housing | 86 | 81 | 100 | |
| Transportation | 90 | 92 | 100 | |
| Utilities | 119 | 109 | 100 | |
Georgetown, SC Housing Cost Breakdown
Housing swings affordability the most between places in South Carolina, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Georgetown is $242,901.
The Median Rent in Georgetown is $805.
The Median Income in Georgetown is $57,704.
The Home Value To Income in Georgetown is 4.2x.
The Rent To Monthly Income in Georgetown is 0.17x.
| Statistic | Georgetown | South Carolina | United States |
|---|---|---|---|
| Median Home Value | $242,901 | $302,294 | $303,400 |
| Median Rent | $805 | $1,126 | $1,348 |
| Median Income | $57,704 | $66,818 | $78,538 |
| Home Value To Income | 4.2x | 4.5x | 3.9x |
| Rent To Monthly Income | 0.17x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Georgetown, SC Costs By Category
Detailed Georgetown Services Costs Vs. South Carolina
| Item | Georgetown | South Carolina |
|---|---|---|
| Shampoo | $1.38 | $1.28 |
| Movie | $11.3 | $12.13 |
| Bowling | $19.43 | $18 |
| Haircut | $26.38 | $24.26 |
| Beauty Salon | $56.15 | $45.56 |
Detailed Georgetown Groceries Costs Vs. South Carolina
| Item | Georgetown | South Carolina |
|---|---|---|
| Ground Beef | $6.22 | $5.84 |
| Fried Chicken | $1.67 | $1.57 |
| Milk | $4.59 | $4.67 |
| Potatoes | $5.51 | $4.93 |
| Pizza | $10.83 | $12.09 |
| Beer | $10.61 | $10.41 |
| Toothpaste | $3.77 | $3.7 |
Detailed Georgetown Health Costs Vs. South Carolina
| Item | Georgetown | South Carolina |
|---|---|---|
| Optometrist | $78.1 | $125.68 |
| Doctor | $137.5 | $135.78 |
| Dentist | $97.17 | $113.29 |
Detailed Georgetown Transportation Costs Vs. South Carolina
| Item | Georgetown | South Carolina |
|---|---|---|
| Gasoline | $3.18 | $3.46 |
| Tire Balancing | $46.64 | $59.92 |
Detailed Georgetown Utilities Costs Vs. South Carolina
| Item | Georgetown | South Carolina |
|---|---|---|
| All Electricity | $258.5 | $193.99 |
| Phone | $194.25 | $192.25 |
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:
Jackson, MS has a cost of living index of 83, 0.9x Georgetown.
Madison, MS has a cost of living index of 112, 1.2x Georgetown.
Pearl, MS has a cost of living index of 89, 0.9x Georgetown.
| City | Population | Cost Of Living | Vs. Georgetown |
|---|---|---|---|
| Jackson, MS | 149,827 | 83 | 0.9x |
| Madison, MS | 27,775 | 112 | 1.2x |
| Pearl, MS | 27,458 | 89 | 0.9x |
| Clinton, MS | 27,418 | 92 | 1.0x |
| Brandon, MS | 25,352 | 96 | 1.0x |
| Ridgeland, MS | 24,548 | 98 | 1.0x |
| Byram, MS | 12,847 | 90 | 1.0x |
| Brookhaven, MS | 11,656 | 80 | 0.9x |
| Richland, MS | 7,250 | 88 | 0.9x |
