Georgetown cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexGeorgetownOhioNational
Cost of living index8391100
IndexGeorgetownOhioNational
Goods & Services index9196100
Groceries index9699100
Health care index10496100
Housing index5975100
Transportation index9495100
Utilities index94101100
An overview of the general cost of living index for Georgetown, OH is displayed above for your reference. Residents in Georgetown, OH enjoy a cost of living index of 83. This index is 8% lower than the Ohio average, and 17% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Georgetown, OH, the average cost of goods and services is 5% lower than it is in Ohio, and it is 9% lower than the national average.

Did you know?

  • The cost of living in Georgetown is 8% lower than the Ohio average.
  • The cost of living in Georgetown is 17% lower than the national average.
  • The cost of housing in Georgetown is 41% lower than the national average.
  • Ohio general sales tax is 13% higher than the national average.
  • Ohio state income tax is 76% lower than the national average.

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Compare Georgetown, OH Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Georgetown, OH to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Georgetown, OH, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Georgetown, OH salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$53,583$4,465$1,250$1,608
Renters$17,083$1,424$399$513
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Georgetown, OH, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Georgetown, OH homeowners have a median income of $53,583. Using that number, you will come up with a maximum of $1,250 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $17,083, which means there is a maximum of $399 to be spent on the costs of renting a home or apartment.

Ohio Sales Tax

StateGeneral Sales TaxWith Max Surtax
Ohio5.75%8%

Ohio Income Tax

StateIncome Tax (Low)Income Tax (High)
Ohio0.528%5.333%
The Ohio sales tax and Ohio income tax rates should definitely be considered when determining the overall cost of living in Georgetown, OH. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Ohio sales tax is 5.75% and the maximum surtax is 8%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Ohio income tax rates range from 0.528% to 5.333%.

Goods & Services

ItemGeorgetownNational avg.Difference
Haircut $10.50$14.5928.0%
Beauty Salon $33.40$34.683.7%
Toothpaste $3.41$2.4737.9%
Shampoo $0.84$1.0217.8%
Movie $10.17$9.873.1%
Bowling $4.13$4.396.0%

Groceries

ItemGeorgetownNational avg.Difference
Ground Beef $4.50$4.480.5%
Fried Chicken $1.29$1.4611.9%
Milk $2.74$2.3616.3%
Potatoes $2.58$3.0615.7%
Pizza $8.99$9.242.7%
Beer $8.75$8.631.4%

Health Care

ItemGeorgetownNational avg.Difference
Optometrist $108.00$99.788.2%
Doctor $96.40$105.038.2%
Dentist $103.33$88.7016.5%
Ibuprofen $8.29$9.4111.9%
Lipitor $306.62$298.502.7%

Housing

ItemGeorgetownNational avg.Difference
Home Price $107,300.00$175,700.0038.9%
Avg. Mortgage Payment $761.82$1,081.0329.5%
Apartment Rent $509.00$920.0044.7%

Transportation

ItemGeorgetownNational avg.Difference
Gasoline $1.91$2.098.6%
Tire Balancing $45.29$45.290.0%

Utilities

ItemGeorgetownNational avg.Difference
All Electricity$144.76$170.8015.2%
Phone $30.01$28.266.2%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Buford, OH41574-26%
Brooksville, KY47478-22%
Germantown, KY16279-21%
Augusta, KY1,18380-20%
Felicity, OH87280-20%
Georgetown, OH4,70683-17%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bulverde, TX4,7061044%
Kingfisher, OK4,70790-10%
Mountain Grove, MO4,70483-17%
St. Clair, MO4,70888-12%
Avalon, PA4,70488-12%
Georgetown, OH4,70683-17%
Source: The Georgetown, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.