Housing costs in Georgetown?
A typical home costs
$288,400, which is 14.7% less expensive than the national average of
$338,100 and 14.2% less expensive than the average Delaware home, at
$336,200. Renting a two-bedroom unit in Georgetown costs
$1,040 per month, which is 21.8% cheaper than the national average of
$1,330 and 4.8% cheaper than the state average of
$1,090.
Can I afford Georgetown?
To live comfortably in Georgetown (zip 19947), Delaware, a minimum annual income of
$55,080 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Georgetown?
Living in Georgetown, DE in 1994 was relatively affordable compared to today's standards. The cost of living index was at 92.2, which means that goods and services were 8% less expensive than the national average. Rent prices were quite low compared to many other cities across the country; the median gross rent in 1994 was only $440 per month. Food costs were also very reasonable, with groceries costing about 11% less nationally than the national average. Additionally, utilities like electricity and natural gas were around 18% lower than the US average. All of this combined made Georgetown a great option for anyone looking for a city with an affordable cost of living in 1994!