Cost of Living in Georgetown, KY
Population 38,206 · Kentucky · Data vintage 2023
(100 = US avg)
Most of Georgetown's cost indicators track within a reasonable band of national figures, with median household incomes near $78,373 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail.
Located 15 miles north of Lexington-Fayette urban county, Georgetown falls within that metro's commuting orbit. Median home values run roughly 10% lower than Lexington-Fayette urban county's $272,000.
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 $244,200 — 20% below the national median of $305,000. Median rent runs $1,199/month, 9% lower than the national median of $1,314/month. The median household income of $78,373/year is 5% higher than the US median of $74,580. The local unemployment rate is 3.9%, below the national average of 4.8%. Kentucky's top state income tax rate is 4.0% and the combined sales tax is 6.0%. Overall, Georgetown has a cost of living index of 85 versus the US average of 100, meaning it is 15% less expensive.
🏠 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
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Georgetown, KY?
Georgetown has a cost index of 85 (100 = national average). It is 15% below the national average.
What is average rent in Georgetown, KY?
The median gross rent in Georgetown is $1,199 per month based on 2023 Census data.
What is the average home price in Georgetown?
The median home value in Georgetown is $244,200 according to Zillow and Census data.
What is the median income in Georgetown?
The median household income in Georgetown is $78,373 per year (2023 ACS 5-year estimates).
What is the sales tax in Georgetown, KY?
The combined state and local sales tax rate in Georgetown is 6.0%. The Kentucky state income tax top rate is 4.0%.
Is Georgetown, KY affordable?
Yes, Georgetown is generally considered affordable, with a cost of living index of 85 — about 15% below the US national average of 100.
Georgetown at a Glance
- Population
- 38,206
- Median Income
- $78,373
- Home Value
- $244,200
- Median Rent
- $1,199/mo
- Unemployment
- 3.9%
- Sales Tax
- 6.0%
Nearby Cities
Explore county-level cost of living data
Kentucky Rankings
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