Georgetown, TX Cost Of Living

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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.
Index	Georgetown	Texas	National
Cost of living index	102	91	100
Index	Georgetown	Texas	National
Goods & Services index	94	93	100
Groceries index	92	91	100
Health care index	100	96	100
Housing index	116	83	100
Transportation index	93	94	100
Utilities index	111	100	100

The above illustration supplies generalized information for the Georgetown, TX cost of living index. Compared to other cities in Texas and cities across the country, the cost of living index in Georgetown, TX is 102, which is 13% higher than the Texas average and 2% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Georgetown, TX are 1% higher than the average for Texas and 6% lower than the rest of the country.

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Did you know?

The cost of living in Georgetown is 13% higher than the Texas average.
The cost of living in Georgetown is 2% higher than the national average.
The cost of housing in Georgetown is 16% higher than the national average.
Texas general sales tax is 23% higher than the national average.
Texas state income tax is 100% lower than the national average.

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Salary Calculator

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Use the salary calculator to compare your current salary in Georgetown, TX to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Georgetown, TX, then you would need to earn more income in order to maintain the same standard of living. To use the Georgetown, TX salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$75,985	$6,332	$1,773	$2,280
Renters	$39,804	$3,317	$929	$1,194

One can approximate the cost of living and the housing affordability in Georgetown, TX by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Georgetown, TX have a median income of $75,985. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,773 per month to avoid calamity and poverty. The renters in the city have an income of about $39,804, which would make their monthly maximum allowable rental costs $929.

Texas Sales Tax

State	General Sales Tax	With Max Surtax
Texas	6.25%	8.25%

Texas Income Tax

State	Income Tax (Low)	Income Tax (High)
Texas	0%	0%

When you are determining the total cost of living in Georgetown, TX you will want to make sure you consider both the Texas sales tax and the Texas income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Texas is 6.25%, with the highest surtax being 8.25%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Texas have a range from 0% to 0%.

Goods & Services

Item	Georgetown	National avg.	Difference
Haircut	$22.33	$16.09	38.8%
Beauty Salon	$50.37	$37.33	34.9%
Toothpaste	$2.05	$2.45	16.2%
Shampoo	$0.98	$1.00	2.1%
Movie	$10.75	$10.28	4.6%
Bowling	$4.99	$4.93	1.2%

Groceries

Item	Georgetown	National avg.	Difference
Ground Beef	$3.31	$3.80	13.0%
Fried Chicken	$1.32	$1.40	5.7%
Milk	$1.87	$2.01	6.7%
Potatoes	$3.01	$3.01	0.1%
Pizza	$8.99	$9.89	9.1%
Beer	$8.72	$8.90	2.0%

Health Care

Item	Georgetown	National avg.	Difference
Optometrist	$94.00	$102.16	8.0%
Doctor	$109.00	$108.36	0.6%
Dentist	$94.50	$92.53	2.1%
Ibuprofen	$8.31	$9.28	10.5%
Lipitor	$433.31	$425.82	1.8%

Housing

Item	Georgetown	National avg.	Difference
Home Price	$222,300.00	$184,700.00	20.4%
Avg. Mortgage Payment	$1,083.04	$1,202.44	9.9%
Apartment Rent	$1,018.00	$949.00	7.3%

Transportation

Item	Georgetown	National avg.	Difference
Gasoline	$2.15	$2.24	4.0%
Tire Balancing	$40.00	$46.29	13.6%

Utilities

Item	Georgetown	National avg.	Difference
All Electricity	$179.08	$165.96	7.9%
Phone	$32.99	$28.68	15.0%

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, State	Population	Cost of Living Index	National Avg.
Bartlett, TX	2,243	80	-20%
Granger, TX	1,308	84	-16%
Weir, TX	404	85	-15%
Florence, TX	957	86	-14%
Jarrell, TX	917	91	-9%
Georgetown, TX	59,436	102	2%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Casper, WY	59,397	100	0%
Great Falls, MT	59,479	93	-7%
Lakewood, WA	59,489	112	12%
Moore, OK	59,501	91	-9%
Lancaster, PA	59,341	92	-8%
Georgetown, TX	59,436	102	2%

Source: The Georgetown, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Georgetown, TX Cost of Living