Cost of Living in Georgetown, IL
Population 3,105 · Illinois · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Georgetown a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $71,000.
Located 80 miles west of Carmel, Georgetown is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 85% lower than Carmel's $456,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Georgetown
The median home value in Georgetown is $70,500 — 77% below the national median of $305,000. Median rent runs $729/month, 45% lower than the national median of $1,314/month. The median household income of $56,781/year is 24% lower than the US median of $74,580. The local unemployment rate is 3.4%, below the national average of 4.8%. Illinois's top state income tax rate is 5.0% and the combined sales tax is 8.7%. Overall, Georgetown has a cost of living index of 36 versus the US average of 100, meaning it is 64% 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:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
Frequently Asked Questions
What is the cost of living in Georgetown, IL?
Georgetown has a cost index of 36 (100 = national average). It is 64% below the national average.
What is average rent in Georgetown, IL?
The median gross rent in Georgetown is $729 per month based on 2023 Census data.
What is the average home price in Georgetown?
The median home value in Georgetown is $70,500 according to Zillow and Census data.
What is the median income in Georgetown?
The median household income in Georgetown is $56,781 per year (2023 ACS 5-year estimates).
What is the sales tax in Georgetown, IL?
The combined state and local sales tax rate in Georgetown is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Georgetown, IL affordable?
Yes, Georgetown is generally considered affordable, with a cost of living index of 36 — about 64% below the US national average of 100.
Georgetown at a Glance
- Population
- 3,105
- Median Income
- $56,781
- Home Value
- $70,500
- Median Rent
- $729/mo
- Unemployment
- 3.4%
- Sales Tax
- 8.7%
Explore county-level cost of living data