Housing costs in Georgetown?
A typical home costs
$304,800, which is 9.8% less expensive than the national average of
$338,100 and 21.5% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Georgetown costs
$1,200 per month, which is 16.1% cheaper than the national average of
$1,430 and 35.0% cheaper than the state average of
$1,620.
Can I afford Georgetown?
To live comfortably in Georgetown, Maryland, a minimum annual income of
$58,320 for a family, and
$38,800 for a single person is recommended.
What does A.I. say about Georgetown?
Georgetown, MD has a high cost of living compared to the national average. The median household income in Georgetown is $86,741, which is significantly higher than the national median of $60,293. The median home value in Georgetown is also significantly higher than the national average at $438,800 compared to the national median of $184,700. Additionally, housing prices have been on an upward trend over the past few years due to increasing demand. Transportation can also be expensive in Georgetown with gas prices often being noticeably higher than other cities and areas. All these factors make Georgetown a relatively expensive place to live compared to other parts of Maryland or the country as a whole.