Cost of Living in Georgetown, IN
Population 3,789 · Indiana · Data vintage 2023
(100 = US avg)
Georgetown is a smaller Indiana community of around 4000 residents, where median household incomes of $110,537 and housing costs ($263,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. An unemployment rate of 0.6% points to a labor market well on the tight side of the national distribution.
Located 20 miles northwest of Louisville/Jefferson County metro government (balance), Georgetown falls within that metro's commuting orbit. Median home values run roughly 19% higher than Louisville/Jefferson County metro government (balance)'s $222,000.
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 $262,600 — 14% below the national median of $305,000. Median rent runs $874/month, 33% lower than the national median of $1,314/month. The median household income of $110,537/year is 48% higher than the US median of $74,580. The local unemployment rate is 0.6%, below the national average of 4.8%. Indiana's top state income tax rate is 3.0% and the combined sales tax is 7.0%. Overall, Georgetown has a cost of living index of 78 versus the US average of 100, meaning it is 22% 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
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Georgetown, IN?
Georgetown has a cost index of 78 (100 = national average). It is 22% below the national average.
What is average rent in Georgetown, IN?
The median gross rent in Georgetown is $874 per month based on 2023 Census data.
What is the average home price in Georgetown?
The median home value in Georgetown is $262,600 according to Zillow and Census data.
What is the median income in Georgetown?
The median household income in Georgetown is $110,537 per year (2023 ACS 5-year estimates).
What is the sales tax in Georgetown, IN?
The combined state and local sales tax rate in Georgetown is 7.0%. The Indiana state income tax top rate is 3.0%.
Is Georgetown, IN affordable?
Yes, Georgetown is generally considered affordable, with a cost of living index of 78 — about 22% below the US national average of 100.
Georgetown at a Glance
- Population
- 3,789
- Median Income
- $110,537
- Home Value
- $262,600
- Median Rent
- $874/mo
- Unemployment
- 0.6%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Indiana Rankings
Similar Cost Cities
Cities in other states with comparable housing costs