Georgetown, ID is an affordable small city located in the Pacific Northwest. With a population of just over 1,000, Georgetown offers the benefits of a rural setting with access to amenities found in larger cities. The median 2 bedroom rent in Georgetown is $820, which is significantly less than the US median of $1,430. Additionally, groceries are even more affordable with a grocery cost index of 91 compared to 100 in the US. Local businesses thrive in Georgetown including restaurants like Riviera Pizza and Mother's Kitchen and local shops like Waldron Farms & Bakery and High Valley Farm Supply. All these factors contribute to Georgetown's low cost of living compared to other cities around the country.
Georgetown has an unemployment rate of 3.3%. The US average is 6.0%.
Georgetown has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 31.6%, which is lower than the US average of 33.5%.
Tax Rates for Georgetown
- The Sales Tax Rate for Georgetown is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Georgetown is 7.4%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Georgetown
- The average income of a Georgetown resident is $22,020 a year. The US average is $28,555 a year.
- The Median household income of a Georgetown resident is $80,500 a year. The US average is $69,021 a year.