| Index | Georgetown | Kentucky | National |
| Cost of living | 96 | 88 | 100 |
| Groceries | 99 | 98 | 100 |
| Health care | 98 | 97 | 100 |
| Housing | 96 | 70 | 100 |
| Transportation | 94 | 96 | 100 |
| Utilities | 94 | 95 | 100 |
| Lifestyle & Entertainment | 95 | 95 | 100 |
| Household Items | 98 | 97 | 100 |
| Education & Childcare | 96 | 94 | 100 |
Knowing the cost of living in Georgetown allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Georgetown stands at 96, marking it 4% lower than the national average.
In Georgetown, daily expenses such as food, housing, lifestyle expenses, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Georgetown will resemble that of an average city, contributing to a manageable cost of living.
Locals have the inside scoop on their city. So, we polled 6 residents in Georgetown to learn how they view the cost of living. We asked how they felt about the cost of living in their area, and if they thought that prices were increasing, decreasing or staying the same. The verdict? 33% find it reasonable with decreasing prices, but 67% think it's quite pricey, with prices that continue to rise.
Wondering if Georgetown is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Georgetown, for example, the median home price is 4.7% lower than what folks pay nationally, and monthly rent is 1.4% lower than the usual rates. Plus, income levels matter too, with Georgetown boasting a median household income of $99,148, which is 21.9% higher than the national average.
Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Georgetown, the prevailing sales tax rate starts at 6%, and income tax rates kick off at 4.5%.
Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Georgetown, the transportation index is 6.3% lower than the national average.
Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Georgetown, the utilities index is 5.6% lower than the national average.
The cost of living data for Georgetown shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $124,499 | $10,375 | $2,905 | $3,735 |
| Renters | $70,109 | $5,842 | $1,636 | $2,103 |
| State | General Sales Tax | With Max Surtax |
| Kentucky | 6% | 6% |
| State | Income Tax (Low) | Income Tax (High) |
| Kentucky | 4.5% | 4.5% |
| City | Population | Cost of Living Index | National Avg. |
| Cynthiana, KY | 6,419 | 87 | 12.8% |
| Paris, KY | 10,056 | 89 | 10.5% |
| Stamping Ground, KY | 1,014 | 90 | 9.8% |
| Sadieville, KY | 374 | 91 | 9.4% |
| Versailles, KY | 9,568 | 95 | 5.2% |
| Georgetown, KY | 35,429 | 96 | 3.6% |
| City | Population | Cost of Living Index | National Avg. |
| McMinnville, OR | 35,403 | 115 | 15.5% |
| Butte-Silver Bow, MT | 35,459 | 96 | 3.6% |
| Dakota Ridge, CO | 35,381 | 136 | 35.8% |
| Leawood, KS | 35,495 | 136 | 36.2% |
| University City, MO | 35,356 | 108 | 8.0% |
| Georgetown, KY | 35,429 | 96 | 3.6% |
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