Cost of Living in Georgetown, MA
Population 8,454 · Massachusetts · Data vintage 2023
(100 = US avg)
Georgetown's housing market reflects its status as a high-earning metro: $611,000 for a typical home, 100% above the US median, paired with household incomes around $152,014 that put it in the upper third of the state. The labor market has been unusually tight, with unemployment around 1.6% — below most comparable cities in the state.
Located 15 miles north of Lynn, Georgetown falls within that metro's commuting orbit. Median home values run roughly 29% higher than Lynn's $473,000.
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 $610,800 — 100% above the national median of $305,000. Median rent runs $1,973/month, 50% higher than the national median of $1,314/month. The median household income of $152,014/year is 104% higher than the US median of $74,580. The local unemployment rate is 1.6%, below the national average of 4.8%. Massachusetts's top state income tax rate is 9.0% and the combined sales tax is 6.3%. The climate averages highs of 59.4°F and lows of 40.9°F. Overall, Georgetown has a cost of living index of 180 versus the US average of 100, meaning it is 80% more 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
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 35 | 38 | 45 | 58 | 69 | 77 | 83 | 82 | 74 | 62 | 51 | 40 |
| Low °F | 19 | 21 | 28 | 38 | 48 | 57 | 63 | 62 | 54 | 43 | 34 | 25 |
| Precip" | 2.86 | 2.44 | 3.42 | 3.60 | 3.39 | 3.99 | 3.48 | 3.04 | 3.75 | 4.10 | 3.52 | 3.32 |
Frequently Asked Questions
What is the cost of living in Georgetown, MA?
Georgetown has a cost index of 180 (100 = national average). It is 80% above the national average.
What is average rent in Georgetown, MA?
The median gross rent in Georgetown is $1,973 per month based on 2023 Census data.
What is the average home price in Georgetown?
The median home value in Georgetown is $610,800 according to 2023 Census ACS data.
What is the median income in Georgetown?
The median household income in Georgetown is $152,014 per year (2023 ACS 5-year estimates).
What is the sales tax in Georgetown, MA?
The combined state and local sales tax rate in Georgetown is 6.3%. The Massachusetts state income tax top rate is 9.0%.
Is Georgetown, MA affordable?
Georgetown is above average in cost of living, with an index of 180 — about 80% higher than the national average.
What is the weather like in Georgetown?
Georgetown has average high temperatures of 59.4°F and average lows of 40.9°F. Annual precipitation is 40.9". Data from NOAA 1991–2020 Climate Normals.
Georgetown at a Glance
- Population
- 8,454
- Median Income
- $152,014
- Home Value
- $610,800
- Median Rent
- $1,973/mo
- Unemployment
- 1.6%
- Avg High Temp
- 59.4°F
- Sales Tax
- 6.3%
Nearby Cities
Explore county-level cost of living data
Massachusetts Rankings
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