Cost of Living in Georgetown, DE

Population 7,456 · Delaware · Data vintage 2023

Cost Index
(100 = US avg)

Page updated: April 2026 · Data vintage: 2023 ACS 5-Year

Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Household incomes in Georgetown run well below national norms — a median of $47,423 versus the $74,580 US figure. Housing costs and rents do not fully compensate for the earnings difference.

Located 80 miles southeast of Baltimore, Georgetown is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 21% higher than Baltimore's $219,000.

Cost Overview

Housing 87

Rent 101

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Georgetown

The median home value in Georgetown is $266,100 — 13% below the national median of $305,000. Median rent runs $1,333/month, 1% higher than the national median of $1,314/month. The median household income of $47,423/year is 36% lower than the US median of $74,580. The local unemployment rate is 3.1%, below the national average of 4.8%. Delaware's top state income tax rate is 6.6% and the combined sales tax is 0.0%. The climate averages highs of 66.9°F and lows of 48.2°F. Overall, Georgetown has a cost of living index of 93 versus the US average of 100, meaning it is 7% less expensive.

📍

Georgetown has limited residential data

Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:

Milford, DE

Median home: $274,600

Rent: $1,182/mo

Income: $55,265

Dover, DE

Median home: $248,500

Rent: $1,252/mo

Income: $58,336

Smyrna, DE

Median home: $273,400

Rent: $1,398/mo

Income: $70,473

Middletown, DE

Median home: $399,500

Rent: $1,567/mo

Income: $115,252

Glasgow, DE

Median home: $346,200

Rent: $1,821/mo

Income: $109,803

🏠 Housing

Median Home Value

$266,100

13% below avg

Zillow Home Value

$359,101

Zillow ZHVI

Median Rent

$1,333/mo

1% above avg

Price-to-Rent Ratio

16.6x

Favors buying

Property Tax Rate

0.6%

Effective rate

HUD Fair Market Rents by Bedroom

Studio

$1,173

1 BR

$1,181

2 BR

$1,492

3 BR

$2,080

4 BR

$2,278

Owner-occupied 41.9%

Renter-occupied 58.1%

💰 Estimated Monthly Budget

Rent median rent

$1,333

Groceries national estimate

$400

Utilities local estimate

$88

Transportation local gas prices

$126

Estimated Total $1,947/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚

Eggs (dozen)

$0.548

🍞

White Bread (lb)

$1.912

🥩

Ground Beef (lb)

$5.61

🚗 Transportation

Avg Commute

31.1 min

15% above avg

Gas Price

$3.145/gal

0% below avg

Work From Home

1.8%

Commute Mode

Drove alone

80.7%

Carpooled

12.3%

Public transit

0.3%

Walked

2.1%

Work from home

1.8%

⚡ Utilities

Electricity

$0.176/kWh

0% below avg

📋 Taxes

State Income Tax 6.6%

Total Sales Tax 0.0%

State rate 0.0%

Avg local rate 0.0%

Property Tax 0.6%

💼 Income & Employment

Median Household Income

$47,423

36% below avg

Per Capita Income

$22,713

Unemployment Rate

3.1%

35% below avg

Poverty Rate

15.9%

Labor Force Participation

62.9%

🎓 Education

Bachelor's degree+ 8.8%

Graduate degree 6.5%

👥 Demographics

Median Age 30.3

Male median age 25.1

Female median age 36.6

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High

66.9°F

Avg Low

48.2°F

Annual Precip

43.9"

Month	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
High °F	45	48	55	66	75	83	88	86	80	69	59	50
Low °F	29	30	36	45	55	64	70	68	61	49	40	33
Precip"	3.01	2.58	3.86	3.29	3.63	4.07	4.14	3.99	4.54	4.11	3.19	3.47

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 47 — Good

58.9%

Good air days/yr

203

Max AQI recorded

225

PM2.5 days

140

Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

94%

4-Year Graduation Rate

14.6:1

Student-teacher ratio

Public schools

1,241

Total enrollment

Frequently Asked Questions

What is the cost of living in Georgetown, DE?

Georgetown has a cost index of 93 (100 = national average). It is 7% below the national average.

What is average rent in Georgetown, DE?

The median gross rent in Georgetown is $1,333 per month based on 2023 Census data.

What is the average home price in Georgetown?

The median home value in Georgetown is $266,100 according to Zillow and Census data.

What is the median income in Georgetown?

The median household income in Georgetown is $47,423 per year (2023 ACS 5-year estimates).

What is the sales tax in Georgetown, DE?

The combined state and local sales tax rate in Georgetown is 0.0%. The Delaware state income tax top rate is 6.6%.

Is Georgetown, DE affordable?

Georgetown is near the national average in terms of cost of living, with an index of 93 (100 = US average).

What is the weather like in Georgetown?

Georgetown has average high temperatures of 66.9°F and average lows of 48.2°F. Annual precipitation is 43.9". Data from NOAA 1991–2020 Climate Normals.

Georgetown at a Glance

Population: 7,456
Median Income: $47,423
Home Value: $266,100
Median Rent: $1,333/mo
Unemployment: 3.1%
Avg High Temp: 66.9°F
Sales Tax: 0.0%

View all cities in Delaware →

Nearby Cities

🗺️ County data for Delaware

Explore county-level cost of living data

Delaware Rankings

Similar Cost Cities

Cities in other states with comparable housing costs